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Stock impact report

Jim Cramer Backs Ferguson (FERG): “I Like Ferguson a Lot, It's in Good Shape” [Yahoo! Finance]

Ferguson plc Ordinary Shares (FERG) 
Company Research Source: Yahoo! Finance
Enterprises Inc. (NYSE:FERG) stands against other stocks that Jim Cramer discussed recently. On Tuesday, Jim Cramer, host of Mad Money, offered his perspective on the day's market rally as he delved into the impact of the ongoing dynamic between President Donald Trump and Federal Reserve Chair Jerome Powell. “All day, I heard that today's rally was just a bear market rally, okay? That it was a phony spike, and the market will go right back down the moment the president posts that there'll be no compromise on tariffs. Who knows, maybe Fed Chief Jay Powell should be deported.” READ ALSO: 9 Stocks on Jim Cramer's Radar and Jim Cramer's Thoughts on These 5 Stocks However, Cramer pointed out that the tone shifted significantly just after the market closed. In his words, “We get incredible news that is sure to drive this market higher.” The news came directly from the President, who clarified that he had no intention of firing Powell, a rumor that Cramer identified as a major factor Show less Read more
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