“Exclamation point? Yes. Question mark? No. Asterisk, maybe,” the “Mad Money” host said.
"Six months ago, you could get away with NABAF all the time. Forgiveness reigned within two or three days. Not anymore," he added.
To keep up with this new market, Cramer created a new method of grading the stock of companies that recently reported their quarterly earnings. "There are tons of stocks that can rally now that they've come down hard from their highs, but we need to figure out what can make those rallies possible," he said."good news, meaning the stock's entitled to go up despite the broader sell-off," Cramer said.Asterisk :
"The earnings get an asterisk if there's something away from the company that went wrong, something you can easily explain away. … So maybe the stock is worth buying here because it could get forgiven later," Cramer said. "Exclamation point? Yes. Question mark? No. Asterisk, maybe, just maybe and that's where the money can be made after the earnings, because they're the decent ones that haven't run yet," Cramer said.
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