Jim Cramer discussed whether or not there's a disconnect between Wall Street and Main Street as the markets push ahead in the green on Monday morning.
Wall Street on Monday did not seem fazed by the protests and riots that took place from the Eats Coast to the West Coast, with many cities declaring curfews and the National Guard being summoned to at least 15 states, and, on Sunday night, flames in downtown Washington D.C.
Cramer said that this goes further than the major averages, that you need to go to the specific stocks in those averages.
So, let's take a look at the companies that make up averages and see how they've responded to the protests. Here are just a few of the companies that have spoken out so far:
On May 29, both Target (TGT) - Get Report CEO Brian Cornell and Walmart (WMT) - Get Report CEO Doug McMillon put out statements talking about the inclusivity of their companies and how they’ll monitor and prioritize the safety of their employees.
Twitter (TWTR) - Get Report tweeted about allyship, and changed their main Twitter handles bio to say #BlackLivesMatter.
Amazon (AMZN) - Get Report put out a statement. Alphabet (GOOGL) - Get Report CEO Sundar Pichai tweeted that Google and YouTubes homepages would show support for racial equality.
Nike (NKE) - Get Report put out an ad saying “For once, don’t do it.” Which said, “don’t turn your back on racism.” Competitor Adidas retweeted the ad.
Cardinal Health in a statement on Twitter said, “George Floyd’s death never should have happened.”
Microsoft (MSFT) - Get Report CEO Satya Nadella and President Brad Smith have spoken out.
Bank of America (BAC) - Get Report tweeted that it stands with its partners in Minneapolis-St. Paul inclusion, peace, etc.
We’ve also heard from Lowe’s CEO Marvin Ellison, Intel ^INTC, Disney (Disney) , and ViacomCBS and EA postponed its celebration of Madden NFL 21.
Apple (AAPL) - Get Report CEO Tim Cook, Snap CEO Evan Spiegel, JP Morgan CEO Jamie Dimon, and BlackRock CEO Larry Fink have all spoken out as of this morning.
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