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Positive News From China Eased Markets - Cramer's Mad Money (4/10/18)



  • Facebook is a bargain, Tesla is not and Amazon is a buy.
  • Fundamentally strong stocks are outperforming the markets.
  • Technical view on energy stocks.

Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Tuesday, April 10.

Tuesday belonged to China and the trade war theme. "Last night when President Xi Jinping spoke in favor of a more open market with lower tariffs on imported cars and better intellectual property protection, it was as though he gave us a green light to roar higher," said Cramer.

President Trump then tweeted, thanking the Chinese leader for his speech which led to stocks with China exposure rallying. "As long as the two presidents make nice, I think we could have a couple days of peace until we get to earnings season, which starts on Friday with the banks," said Cramer. That's not it. There should be no bad news coming from Washington till the earnings season kicks off or the bad news will hit the volatile markets again.

Beyond that, the shares of Facebook (FB) rallied after CEO Mark Zuckerberg faced Senate panels. This allowed other FANG stocks to rally.

The bottom line is that the market does not want any more trade war-related volatility and investors want to focus on earnings and interest rates again.

Market darlings

What has happened with the market darlings - Facebook, Amazon (AMZN) and Tesla (TSLA)? "With all three names rebounding nicely today along with the rest of the market, I think we need to conduct a damage assessment. Can these three titans keep bouncing or should you be afraid that they're going to get clobbered all over again?" asked Cramer. He dug deeper to find out.

Facebook has been affected by the Cambridge Analytica scandal which led to CEO Mark Zuckerberg testifying before Congress. "The question here is how much any of this will actually impact the numbers. Because at the end of the day, Facebook's a good earner," said

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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