CNBC's Jim Cramer says the US stock market isn't looking as bad as Wall Street thinks. He highlights a wide range of companies that have demonstrated gains—from recession-resistant stocks to those thriving in a robust economy.
The analyst sees mixed signals in today's stock market. Energy companies like Chevron could face pressure due to US President Donald Trump’s efforts to expand drilling. However, strong natural gas demand continues to prop up the sector.
Cramer also highlights strength in healthcare stocks. He suggests their performance might reflect growing investor concerns about a potential US recession.
Meanwhile, financial stocks are also rallying, contrary to traditional market patterns. These firms rely on credit, which sours during a recession.
The expert sees gains across sectors as evidence of a surprisingly resilient market, which is proving more stable than many analysts anticipated.