Shortest Bear Market in S&P 500 History, Blowout Results: Target & Lowes Hit Record Highs, Lowering Its Cash Burn
Carl Quintanilla and Jim Cramer discuss the end to the shortest bear market in S&P 500 history.\xa0Stocks getting a boost from blowout results from retailers Target & Lowes, both hitting record highs at the open.\xa0Target reported a monster quarter with profit jumping 80%, and same-store sales set a record. And Lowe\u2019s also reported a blow-out quarter with a 30% surge in revenue.\xa0Southwest dropped an updated 8K outlook and financial results for July and August. The big takeaway, the company\u2019s core cash burn decreased.\xa0And Oracle gets a nod of support from President Trump over a possible acquisition of TikTok. The President saying, \u201cI think Oracle is a great company, and I think its owner is a tremendous guy.\xa0He's a tremendous person.\xa0I think that Oracle would be certainly somebody that could handle it.\xa0Yeah.\xa0We gave them until September 15th.\u201d