General Cable, Buffalo Wild Wings and Mastercard are all down huge, Cramer said, despite reporting better-than-expected quarters. He blames it all on the bar and hair.
An explanation is in order because these terms aren’t what one might expect.
All three companies beat estimates three straight times. While that might seem like a good thing, it actually raises the bar even higher for all subsequent quarters. Analysts get so used to outperformance that even when the companies deliver strong numbers, it’s still not good enough for Wall Street.