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Market Winners Are Getting Narrow - Cramer's Mad Money (3/7/18)

Mar. 08, 2018 7:40 AM ETDLTR, HON, SHEL, VLO, MTCH, JD, PII, GE, BX, JPM, ED, AEP19 Comments


  • General Electric should several good quarters before one buys it.
  • Nordstrom is turning around.
  • Honeywell is heading to $185.

Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Wednesday, March 7.

After a down opening on Wednesday, the bulls came back and the market recovered. This can be confusing for investors as to which market is the real one. Cramer dug deep to find out.

Cramer reiterated that the resignation of chief economic advisor Gary Cohn was not the end of the world, as the President is willing to make an exception for Canada and Mexico for tariffs. But the fact that Trump will not just stop at steel and aluminum is a real possibility. Another bear market thesis is that the Fed might raise rates depending on the non-farm payroll number on Friday. If that happens, lots of sectors will get hurt.

While the labor market is tightening, the reaction from stocks like Dollar Tree (DLTR) dropping 15% on earnings was overboard, since it costs more to employ people.

Another reason for worrying is that the market winners are getting narrow with few stocks leading. Only cloud plays and high growth tech stocks are leading the market but that will not be enough to offset the damage from other stocks. Cramer agrees that the market has room to go down but investors get spooked when just a few stocks are winners.

"Even though we got a nice relief rally today, you can't just decide. We need to remain mindful that we're operating in a treacherous new landscape since the end of January and today's sellers may not be finished or sated when they're crushing stocks, even if it feels, for the moment, that maybe we're okay again," concluded Cramer.

CEO interview - Polaris Industries (PII)

The stock of terrain vehicle and motorcycle maker Polaris went up 40% in the last year but is facing a

This article was written by

Mohit is the former Managing Editor for the Breaking News (India team) at Seeking Alpha. Currently working with Benzinga, he was with Seeking Alpha from January 2010 until August 2020. Before joining Seeking Alpha in January 2010, he worked with a start-up equity research firm in the capacity of a Team Leader tracking US company events and results.Born in the U.A.E, he spent most of my growing up years in Dubai. Currently, he resides in Mumbai, India.

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Comments (19)

What is vips
Martin Brenner profile picture
A Chinese e-commerce site. Check it out and you'll see. vipshop.com
I found Cramer is more wrong than right
Cool_coder profile picture
DLTR dropping to $75. Net income low, book value low. Not a buy at this price.
In case of trade war, I would put my money on chinese stocks.. Because they continue to trade..
Martin Brenner profile picture
The Chinese will still shop online with their domestic companies, buying domestic goods with or without a trade war. Which, I doubt will happen, or if it does it won't last long. I'm very comfortable with Chinese e-commerce companies, or at least some of them. It's Chinese companies, selling Chinese goods, to Chinese people. What could go wrong? I'm long VIPS, I got some in the beginning of February, for just over $15.
InvestInMETA profile picture
Cramer’s analysis of JD: “Not a fan”

Awesome article. Filled with insight...
Michael Delaney profile picture
Like Jim Cramer, I also am not a fan of Communist Chinese stocks. Especially when we have a government that is threatening a trade war with Communist China. I am not saying you cannot make money with them, just that I am not a fan. I will play elsewhere.
Martin Brenner profile picture
Wow! "not a fan", that's a hell of an analysis, that is a seriously deep thought.
Why dump BX?
Yes, why?
Michael Delaney profile picture
He did not say "dump BX". A caller said he wanted to exit Blackstone and move the money to JP Morgan Chase, and asked if this was OK. Cramer said he likes JPM very much.He likes JPM more than BX. But he did not say to dump BX. Only you can determine if it makes sense for your portfolio to rotate out of BX and into JPM, possibly creating a taxable event.
TerriW profile picture
10 Mar. 2018
Cramer only likes the Big gun...like JPM...
TylerOverstreet profile picture
Give Cramer some time & he will become a fan of JD, he’ll scream it’s an amazing company that everyone should own. He just hasn’t got there yet, like AMZN, lol.
I had the exact same question. It just flat out dismisses it when brought up
Agree with @whynow111. Not a fan of JD? And why?
Cramer is not a fan of JD. I remember when he was not a fan of AMZN at 300. I listened and I did not buy then which taught me a valuable lesson. long JD,BABA,tencent.
If Cramer is not a fan, that means BUY BUY BUY
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