Jim Cramer dishes on how low expectations have set the scene for positive first-quarter earnings.
CNBC's Jim Cramer on Wednesday said too many Wall Street watchers assumed that businesses' first quarter earnings results would be horrid and now the stock market is rallying on companies besting expectations.
The semiconductor manufacturer has posted slowing chip sales in recent quarters, and said Tuesday it does not expect demand for chips to improve in 2019. Meanwhile, its shares reached a 52-week high during the session after beating earnings estimates by 13 cents in the last quarter. "It's all part of our strategy to fortress the markets that we operate in, which brings a lot of benefits," Allison explained to Cramer."[It] gets us closer to the customer so our service improves, lowers the cost of that delivery as we're driving fewer miles, and also frankly improves the wages for our drivers because they're getting more delivery runs per hour.
"We enable you to digitize and automate workflow all across the company that allows you to deliver great experiences for your employees and customers and unlock productivity," he said."Platform is what enables the growth of all the applications on top."In Cramer's lightning round, the"Mad Money" host zips through his thoughts about callers' stock picks of the day.
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