Overall, Cramer said likes Ford’s turnaround, crediting CEO Alan Mulally’s stewardship for the stellar results. The Mad Money host expects continued positive news from the company going forward.
“This is a good story,” Cramer said of Ford.
The Stop Trading! discussion then turned to banks in anticipation of Federal Reserve Chairman Ben Bernanke and former Fed chair Paul Volcker testifying before the House. Cramer said banks are reaping health profits from the difference between what they pay in interest on checking and savings accounts and the rate they charge for loans.
“These banks can coin money at these prices,” Cramer said.
This net interest margin is the reason even the regional banks “can continue to go higher,” Cramer said, including Huntington Bancshares , First Horizon and Zions, whose balance sheet is weaker than the others. He pointed to Wells Fargo breaking through $30 and PNC Financial , which looks ready to hit $60.
Some people say that the pause in mark-to-market accounting helped fuel last year’s rally. But now there’s speculation that it could return soon. Does that mean an end to the bull market? Watch the video for Cramer’s answer.
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