It's Thursday, Jan. 21.
Stocks were edging higher on Thursday as investors looked to more support for the struggling U.S. economy and improved vaccine distribution from the Biden administration.
And jobless claims totaled 900,000 for the week ending Jan. 16., which is slightly better than the 925,000 that Wall Street had estimated.
And all of this comes as President Biden signed numerous Executive Orders on his inauguration day.
Biden has also released his plans for a COVID-19 relief package that totals $1.9 trillion and would include direct stimulus payments to Americans.
On Biden's first full day in office, Jim Cramer said he is focused on how the vaccine rollout will change under the new administration.
"It’s an all hands on deck issue, but most importantly is that it’s handled federally… the states have failed miserably and it’s not the states’ fault," Cramer said during his daily interview with TheStreet Live.
Referring to President Eisenhower's rollout of the polio vaccine, Cramer said Biden's approach to the vaccine will "rely on history and how we’ve done it right."
But, with so many earnings, there's one question that has to be asked....How important are good CEOs?
"In his No-Huddle Offense segment, Cramer said sooner or later, the market rewards great companies and the great CEOs that build them. That's how Cramer felt after hearing Tuesday's Netflix earnings. Netflix has been counted out more times than Cramer could count, yet CEO Reed Hastings proved the critics wrong," wrote TheStreet's Scott Rutt in his Mad Money recap.
When determining if CEOs are up to snuff, Cramer said the first place to start is the stock price. "Percentage gains trump everything," Cramer said.
But when in doubt, as always, it all comes down to a little homework.
"Take a look at their [CEO] conference calls and what they've said versus what the shorts have said," Cramer advised.
Curious about what Jim Cramer and his team at Action Alerts PLUS are watching in the markets? Watch Cramer's exclusive members-only Daily Rundown show on Action Alerts PLUS following TheStreet Live.
Daniel Kuhn contributed reporting to this article.
Watch: Inauguration Day 2021
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- Watch: Joe Biden Becomes 46th President of the United States
- Watch: Vice President Kamala Harris Takes Oath of Office
- Inauguration Day: What Jim Cramer Is Watching
- Watch: President Trump Delivers Farewell Address on Eve of Biden’s Inauguration
- Jim Cramer: What Biden Executive Orders Could Mean for EV