U.S. stock futures are indicating a sharply higher Thursday open on Wall Street, as the Fed's dovish stance fuels hopes for future interest rate cuts.Morning Briefread more
Stock futures are surging after the Fed signaled interest rate cuts may begin as early as July.US Marketsread more
A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread more
While the Federal Reserve still sees no rate cut in 2019, traders are convicted a rate reduction is coming as soon as July.Marketsread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
Goldman Sachs lowered its price target on Tesla over concerns about demand.Marketsread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
In an area responsible for the shipment of one-third of the world's seaborne oil, just how high could military confrontation — or indeed, an outright war — send the price of...Oilread more
Thursday night was a rare occasion for Wall Street, and Jim Cramer is still basking in the glow of earnings perfection. Amazon, Google, Microsoft and Starbucks all delivered fantastic quarters, proving that things have gotten about as good as they can get.
"They were terrific for all different reasons but they were perfect nonetheless, at least for this market," the "Mad Money" host said.
All four companies held stellar conference calls, which matters in the middle of earnings season as investors start to get earnings fatigue. Additionally, they all managed to pull off stories that were much more positive than expected.
To dig deeper into what exactly went right that set this powerful group away from the rest of the Wall Street crowd, Cramer laid out the positive stories behind each company.
First, Amazon actually went out on a limb and told investors something. Yippee! Finally, a change of pace. Amazon broke down exactly how well it is doing online and how successful its distribution system is. It also spoke of good news in both India and China.
"In the past, Amazon's conference calls have been vapid exchanges with no real enlightenment, just sleepwalking, even contemptuous at times," Cramer said.
Everyone already knew that growth was slowing at Google as it was losing share to Facebook. And then it reported and it didn't say anything different, and the numbers were widely considered as disappointing.
Cramer saw sparks of hope for Google and its ability to monetize YouTube, which could be huge bucks for Google down the road. Additionally, Google talked about wanting to reduce expenses by stopping wasteful projects and unnecessary hiring.
Finally, this company is starting to walk the walk as it was discovered that Google actually has boat loads of cash once it gets expenses under control. Cramer was stunned at how profitable this company is right now.
"Microsoft is a testament to what happens when you blow a quarter, your estimates get slashed and the downgrades come fast and furious," Cramer added.
As a result, the expectations were so low that the company was able to beat estimates. Cramer loved how it presented data in three categories: cloud, Windows and devices. He was reassured that this previously paralyzed management team has managed to get itself together.
Then there was Starbucks, which confirmed that traffic is up, mobile pay is speeding up its lines and food is selling better than expected.
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"I was astonished at how strong this one really was, and that's coming from someone who was already a big believer going in. This is a different, better story than people thought," Cramer said.
It is a very rare occasion that everything comes together in one night of earnings, especially for these big four companies. This is one event that Cramer can't ignore, and he's giving them all a round of applause.