On Friday, it was good to be a bull. The S&P 500 soared with all 10 S&P sectors ending in positive territory.
Although the strong jobs number was a driving force behind the rally, there was something more, says Jim Cramer.
Rather than a drag on the market, Cramer thinks the market finally started to view lower commodities as a positive. "In other words, we stopped looking the darned gift horse of lower raw costs in the mouth and started investing in the companies that benefit from them. That's what I think today's rally was all about."
As bullish as developments may appear, Jim Cramer says Wall Street will want to see the strength confirmed in the week ahead. What's on his calendar?
And, given the relatively strong jobs report, Cramer can't help but look at swings in the market and wonder what's driving the volatility? The jobs report suggested fundamentals were relatively strong. What gives?
Cramer also took an in-depth look at Hoyos Labs, a private company involved in the fight against cybercrime.
"This is a digital infrastructure security with some very promising offerings. For example, their HoyosID-enabled ATM software allows you to use your smartphone to connect with an ATM. Instead of swiping your debit card and inputting your PIN, information that can always be stolen, Hoyos uses your smartphone's camera to biometrically identify you through the shape of your face and the iris of your eye, and then the phone interacts directly with the ATM to get you your money. There's no PIN, no passwords, no bank card numbers, and almost no chance of your personal financial data being stolen," he said.
Cramer always says that investors should stay abreast of companies at the forefront of their industries, and given the technology developed by this company, Cramer thinks Hoyos Labs, although a private firm, warrants attention.
Again, turning his attentions to commodities, Cramer said if oil prices hadn't slipped below $90 this week, to 17-month lows, he thought the Street would be talking about a new discovery recently made by Magnum Hunter (MHR) in the Utica shale. What happened?