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 Target Corporation Report CEO Brian Cornell and Walmart (WMT) - Get Walmart Inc. 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.
Amazon (AMZN) - Get Amazon.com, Inc. Report put out a statement. Alphabet (GOOGL) - Get Alphabet Inc. Class A Report CEO Sundar Pichai tweeted that Google and YouTubes homepages would show support for racial equality.
Cardinal Health in a statement on Twitter said, “George Floyd’s death never should have happened.”
We’ve also heard from Lowe’s CEO Marvin Ellison, Intel undefined, Disney undefined, and ViacomCBS and EA postponed its celebration of Madden NFL 21.