Jim Cramer cheered as he watched the winners battle back on Thursday. After the midday reversal on Wednesday, these stocks came back to collect gains.
"It's been a welcome fight. The Dow has been down almost every day for two weeks. The market's former darlings have taken it on the chin. Today, though, they got off the canvas and came back hitting," the "Mad Money" host said.
With this in mind, Cramer went down the list of the stocks that led the way on Thursday.
First, the cult stocks came back with fury with Netflix, Amazon and Tesla all in the green. Cramer doesn't even consider them to be leaders, as they seem to be a group in their own league. He referred to them as solo disruptors of big-time establishments that have received a lot of attention of fancy investors.
The next winner in the stock battle was Apple, which has been making lower lows and lower highs lately. That's a bad sign, though it was able to stay in the green for most of the day on Thursday.
"I think Apple is also benefiting from reports out of retailers and accessory makers that the Apple Watch is becoming a factor in the category. Talk about contrarian. The analysts act like the watch is going to be written off. I think it's gaining adherents," Cramer said.
However, one stock that was definitely not a winner on Thursday was Caterpillar, which Cramer stated has been absolutely crushed, thanks to China.