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Jim Cramer on What’s Driving Market Rally

A potential August rate cut from the Bank of England, a strong quarter from J.P.Morgan and the Line IPO are creating the excitement to take stocks higher says Jim Cramer.

A potential August rate cut from the Bank of England, a strong quarter from J.P. Morgan (JPM) - Get JP Morgan Chase & Co. Report and the Line (LN) - Get LINE Corp. Report IPO are all creating the excitement that is taking stocks higher, says TheStreet's (TST) - Get TheStreet, Inc. Report Jim Cramer. Cramer added that the Yum! Brands (YUM) - Get Yum! Brands Inc. Report quarter last night was also strong, especially its KFC China business. Good news from the transportation sector, notably the airlines, has also helped lifted stocks. From a bottoms-up perspective, stocks are healthy so far this earnings season and investors are recognizing it, according to Cramer.

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