Jim Cramer on Second Quarter: Lots of 'Ingenuity' on Wall Street

Katherine Ross

Today is the final day of the second quarter. And, so far, 2020 has definitely proven to be a...year whether it's in the markets or just in whatever is left of your everyday life.

So, what was your biggest takeaway from the second quarter of 2020?

TheStreet asked Jim Cramer what his was.

Surprisingly, he said "ingenuity."

"I think it was ingenuity. The companies that addressed the stay-at-home, that figured out what to do, that reacted quickly enough, did well. And the companies that basically just said, "You know what? "It's business as usual. "There's nothing we can do." They did badly. Some companies, because of the industry that they were in, couldn't advance, like a Starbucks or a Carnival Cruise. I could argue that Starbucks is trying to take a long term view. They have China that's come back. They're rebuilding the way that they sell in this country. But if you were a company that just said, hey man, we're outta luck, and didn't change your stripes, well, you've been left behind," Cramer explained.

Watch the full video above for more.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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Comments (6)
No. 1-6
BillEnright
BillEnright

thanks for the great insight and advice!

sbear
sbear

You gotta be able to pivot and improvise to succeed!

bykatherineross
bykatherineross

Want to see more from Cramer? We host a daily show on Action Alerts PLUS. Head on over to Action Alerts PLUS.

dougv
dougv

Very interesting take. Cramer Musk 2020 would solve our problems!

julie iannuzzi
julie iannuzzi

Good take-away on ingenuity. Wonder if Jim could rank the media giants on their ingenuity during the pandemic?


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