A potential August rate cut from the Bank of England, a strong quarter from J.P. Morgan and the Line IPO are all creating the excitement that is taking stocks higher, said TheStreet’s Jim Cramer. Cramer added that the Yum! Brands quarter last night was also strong, especially its KFC China business. Good news from the transportation sector, notably the airlines, has also helped lifted stocks. From a bottoms-up perspective, stocks are healthy so far this earnings season and investors are recognizing it, according to Cramer.
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