TheStreet's Jim Cramer discusses the hottest stocks of the day on our daily Facebook Live show, airing weekdays at 10 a.m. EST.
This week, it was all about the Federal Reserve's rate hike. Cramer had expected the Fed to raise interest rates on Wednesday for weeks and said bank stocks like Wells Fargo (WFC) , a holding of his charitable trust, will benefit from a faster pace of rate increases. The Fed maintained its 2017 rate hike forecasts that were issued in December and expects two more hikes before the end of the year amid a recovery in the labor market and higher inflation.
Aside from central banks, luxury outerwear retailer Canada Goose (GOOS) debuted as a public company on the New York Stock Exchange on Thursday. Cramer is bullish on the stock, especially as the overall apparel sector faces significant headwinds.
TheStreet compiled 10 highlights from this week's shows.
1. Janet Yellen Doesn't Get Enough Credit
Cramer was pleased with Fed Chair Janet Yellen's press conference on Wednesday, following the central bank's third rate hike since the 2008 recession.
"Janet Yellen doesn't get enough credit perhaps because she's not a show person," Cramer said. "She managed to give you the idea that we have to do this rate hike because we could be accelerating in growth, but we're not there yet."2. Rate Hikes Will Benefit Wells Fargo