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Cramer: This is the only thing that would justify 2nd-day rally

The positive quarterly numbers from Lennar are the only thing that would justify the stock market rising for a second straight day, CNBC's Jim Cramer said Tuesday.

"This is a gigantic nationwide homebuilder and when they say good things, good things tend to happen for a lot of companies within the area," Cramer said on "Squawk on the Street." "This is a very good number they reported this morning."

The second-largest homebuilder in the U.S. posted fiscal second-quarter earnings of 95 cents a share on revenue of $2.7 billion. Analysts polled by Reuters expected earnings of 86 cents per share on revenue of $2.52 billion.


Construction workers set floor trusses in place that will support the second story of a home at the Lennar Corp. Madison Pointe at Central Park development in Doral, Florida.
Mark Elias | Bloobmerg | Getty Images
Construction workers set floor trusses in place that will support the second story of a home at the Lennar Corp. Madison Pointe at Central Park development in Doral, Florida.

Lennar's stock was up more than 1 percent late morning Tuesday, but later reversed and ended the day down 1 percent.

Disclosure: Cramer's trust did not own Lennar stock when this article was published.