Cramer also said that if a firm’s stock performed poorly on Monday despite reporting an upbeat quarter earlier this earnings season, it’s a reflection of the current market, not the company. He gave an example of American Express, Coca-Cola, and UnitedHealth Group.
″The market’s simply not willing to pay as much for those future earnings in this new environment — whenever interest rates rise rapidly, price-to-earnings multiples start shrinking,” he said.
