CNBC Special Report: Taking Stock 7/15/22
Mad Money w/ Jim Cramer
CNBC
4.3 • 4K Ratings
🗓️ 15 July 2022
⏱️ 45 minutes
🧾️ Download transcript
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| 0:00.0 | Hey, it's Kramer. My mission is simple to make you money. |
| 0:03.0 | Man money is a way today, but don't worry. |
| 0:05.3 | I've got something special for you from my friends here at CNBC. |
| 0:09.0 | Listen in. |
| 0:10.0 | A Friday rally on Wall Street. Good evening, mad money fans. |
| 0:21.0 | I'm Courtney Reagan. There's no gym tonight, but fear not. |
| 0:23.5 | The next 60 minutes will be filled with stockpicks and investing insight. |
| 0:27.5 | We begin with today's big market rally that closed out a dizzying week. |
| 0:31.5 | The Dow, that was a big winner, gaining 658 points. |
| 0:35.5 | That's up more than 2%. The S&P 500 of 1.9% in the NASDAQ, up 201 points. |
| 0:42.0 | So what drove the action? Well, expectations that Fed may not be as aggressive as traders thought just yesterday |
| 0:49.0 | hopes for signs of a bottom. Wall Street earnings and a bounce back and tech and energy. |
| 0:54.5 | Look at some of the moves that we've seen. City of 13% Netflix, up 8% United Health, up 5%. |
| 1:02.0 | Bob, the sunny is our man tracking the action as always. And what a day it was Bob. |
| 1:06.5 | Yeah, Courtney, Wall Street saved a solid rally, but it wasn't enough to bring the major averages |
| 1:13.5 | really back into positive territory up for the week. |
| 1:17.0 | Better than expected June retail sales really helped drive the gains early on. |
| 1:21.5 | So it was a great, strong food sales, gasoline sales, even furniture sales were a little stronger than expected. |
| 1:27.5 | Wall Street welcomed the continued signs that spending was still healthy despite obviously high inflation. |
| 1:33.5 | Now that boosted consumer discretionary stocks today. So Beth and Body Works for example, |
| 1:38.5 | footlocker, even Signet Jewelers was strong. As well as auto makers like Ford and General Motors, |
| 1:44.5 | they also gained steam about 4% up on the day. |
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