First look at U.S. first quarter gross domestic product was disappointing, at 2.2 percent, well below consensus of 2.6 percent. Much of the debate on the U.S. economy could be summed up simply: Do you think growth will be north of 2.5 percent this year, or south of that? More ammunition for the bears.
Compared to the same period a year ago, financial and utility companies have taken the lead, showing EPS growth above 17 percent, respectively.
Wall Street kept its perfect streak in 2012 alive, closing solidly higher as investors looked to move beyond Europe's debt problems and gave U.S. banks a vote of confidence.
Cramer makes the call on viewers' favorite stocks.