Jim Kramer of CNBC on Tuesday said investors should monitor retail earnings and Covid news from China as indicators of how the trading session will take place on Wednesday.

If we get more good news from China tonight “besides the good news from Target and Lowe’s … we’ll have another one of these great days tomorrow. But if we don’t get this good news, we’ll end up with a pathetic, horrible view of the world in the style of Walmart, “- said the host of” Mad Money “, referring to the quarterly shortcomings of the retail giant.

Cramer’s comments come after Shanghai reached “zero Covid status” on Tuesday, meaning there have been no new cases outside quarantine zones for three days in a row.

“If you get positive from China … you get results in many stocks that we were too afraid of: Tesla, Nike and Apple. he said.

Kramer also pointed to other retailers and companies in the travel industry that reported optimistic quarters, suggesting healthy consumer spending and increased relevant stocks.

In the first quarter, Home Depot’s revenue and revenue were higher than expected, while United Airlines raised its revenue forecast for the current quarter. Shares of both companies closed on Tuesday. Shares of Delta and American Airlines rose from rosy earnings forecasts to United.

In a broader sense, the Dow Jones Industrial Average was up 1.34% and the S&P 500 was up 2.02%. The technological Nasdaq Composite increased 2.76%.

“There were also many simple winners, such as the Nasdaq names, who were under so much pressure yesterday. I felt it on Friday and yesterday … Closing yesterday was just awful. I couldn’t count the amount of “damage done to new companies,” Kramer said.

“Now they’re bouncing. What’s going on here? I think there’s a bifurcation – a subtle one – it’s happening now. The ones that have it and the ones that have it are Airbnb, DoorDash and Block, formerly Square, and then there’s everything else,” he added.

Disclosure: Cramer’s Charitable Trust owns shares in Walmart.

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