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The Resilient Bull: Cramer's 'Mad Money' Recap (Wednesday 1/8/20)

TheStreet ·  Jan 9, 2020 00:21

The stock market's ability to overcome even the toughest of obstacles is remarkable, Jim Cramer told his Mad Money viewers Wednesday.

Even when faced with with retaliation from Iran, stocks had enough fuel to keep the rally going, making this one of the most resilient markets in recent memory.

Cramer said there are a lot of positive things fueling this rally. Wednesday, payroll processor Automatic Data Processing( ADP ) - Get Reportreleased its latest employment report showing another 200,000 jobs were created. We also saw strong earnings from homebuilder Lennar( LEN ) - Get Report.

In the retail space, Macy's M losses were not as bad as feared and Apple's( AAPL ) - Get Reportholiday sales were better than expected.

We also got positive news from China, where American Express( AXP ) - Get Reportis now allowed to operate without needing a joint venture.

Constellation Brands( STZ ) - Get Reporthad positive things to say on its conference call and Tesla( TSLA ) - Get Reportdealt the shorts another blow with several price target bumps. Even GrubHub( GRUB ) - Get Reporthad positive things to say as the company considers putting itself up for sale.

All of the pluses give investors conviction, Cramer said, and conviction leads to resilience and resilience makes investors less skittish and more complacent about continuing to buy.

Cramer and the AAP team are looking at everything from earnings and tariffs to the Federal Reserve. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts Plus.

On Real Money, Cramer keys in on the companies and CEOs he knows best. Get more of his insights with a free trial subscription to Real Money.

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To watch replays of Cramer's video segments, visit theMad Money pageon CNBC.

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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, .

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