Jim Cramer Says “Industrials Always Work in Response to a Rate Cut” and Highlights 3M Company
3M Company (NYSE:MMM) is one of the stocks Jim Cramer discussed after the Fed rate cut. Cramer mentioned the company while highlighting the industrials. The Mad Money host commented: “Industrials always work in response to a rate cut because every hedge fund has been schooled to believe that these stocks go higher when the economy improves. We saw that yesterday with many of the industrials and again today, second one, second day. What I saw go up, I saw 3M go up, DuPont, and Dover, the latter two in the ...