'The staples and the retailers should be moving in opposite directions' meaning 'somebody's wrong here,' the 'Mad Money' host said.
Investors continued to gauge chances of a rebound in the U.S. economy against more gloomy economic data. Market players will also get an update on weekly unemployment claims across the country Thursday ahead of the monthly labor report.
The health-care and technology segments of the economy are in good shape, the former hedge fund manager suggested. "If you make technology that helps businesses cut costs, especially by firing people, you're doing fine. If you make something that people literally can't live without, like medicine, you're in good shape," Cramer said. "But just about everything else is struggling here, hence the staggering number of layoffs."
Investors are trying to guess the winning and losing stocks ahead of a full reopening of the economy. The best performers during the countrywide lockdown, including
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