GoKawiilJim Cramer: Oil price drop fueled Monday's broad stock rally
Jim Cramer said a sharp overnight decline in Brent crude, which fell 7.63% to $104.77 a barrel, pushed the 10-year Treasury yield to its lowest since Sept. 10 and lifted stocks across healthcare, financials, retail and travel. He cited Amazon, Waste Management, Medtronic, GE HealthCare and Intuitive Surgical as names that gained as investors revisited earnings reports previously overshadowed by higher rates.
GoKawiil's interpretation of the reporting above, not reported fact.
Cramer's framing suggests markets remain highly sensitive to oil and rate moves rather than company fundamentals alone, which could mean gains in these stocks are more about macro conditions than durable earnings strength. He also suggested investors are rotating away from tech toward other sectors as 'new proxies for growth,' though he warned the scale of Monday's rally may not be sustainable.
- Brent crude fell 7.63% to $104.77, pulling the 10-year Treasury yield to its lowest since Sept. 10.
- Healthcare, financials, retail and travel stocks rallied as rates eased, per Jim Cramer.
- Cramer cautioned the rally's momentum may not hold even as investors rotate out of tech.
Source: cnbc.com — Alexa Lomonaco, 2026-11-02
Published there as: “Jim Cramer says lower oil prices are giving stocks a boost. Can it last?”
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