First, Retail sales were better than expected. Granted, they were down, but not as much as Cramer anticipated. With gas prices low, consumers are opening their wallets again, even if it’s at discount stores like Wal-Mart (WMT). This makes beaten-up stocks like Lowe’s (LOW), Costco (COST) and WMT attractive again, Cramer said, because there’s a chance for a rebound.

First, Retail sales were better than expected. Granted, they were down, but not as much as Cramer anticipated. With gas prices low, consumers are opening their wallets again, even if it’s at discount stores like Wal-Mart (WMT). This makes beaten-up stocks like Lowe’s (LOW), Costco (COST) and WMT attractive again, Cramer said, because there’s a chance for a rebound.

First, Retail sales were better than expected. Granted, they were down, but not as much as Cramer anticipated. With gas prices low, consumers are opening their wallets again, even if it’s at discount stores like Wal-Mart (WMT). This makes beaten-up stocks like Lowe’s (LOW), Costco (COST) and WMT attractive again, Cramer said, because there’s a chance for a rebound.

Second, Bank of America (BAC) joined Citigroup (C), JPMorgan Chase (JPM) and Wells Fargo (WFC) in announcing that it, too, was profitable. These banks are making money again. If the government follows Federal Reserve Chairman Ben Bernanke’s suggestion to focus less on the bad loans these companies made, then we could add another 500 Dow points to the 239 we gained today, Cramer said.

Second, Bank of America (BAC) joined Citigroup (C), JPMorgan Chase (JPM) and Wells Fargo (WFC) in announcing that it, too, was profitable. These banks are making money again. If the government follows Federal Reserve Chairman Ben Bernanke’s suggestion to focus less on the bad loans these companies made, then we could add another 500 Dow points to the 239 we gained today, Cramer said.

Second, Bank of America (BAC) joined Citigroup (C), JPMorgan Chase (JPM) and Wells Fargo (WFC) in announcing that it, too, was profitable. These banks are making money again. If the government follows Federal Reserve Chairman Ben Bernanke’s suggestion to focus less on the bad loans these companies made, then we could add another 500 Dow points to the 239 we gained today, Cramer said.

Second, Bank of America (BAC) joined Citigroup (C), JPMorgan Chase (JPM) and Wells Fargo (WFC) in announcing that it, too, was profitable. These banks are making money again. If the government follows Federal Reserve Chairman Ben Bernanke’s suggestion to focus less on the bad loans these companies made, then we could add another 500 Dow points to the 239 we gained today, Cramer said.

Third, Standard & Poor’s downgraded General Electric’s (GE) credit rating, but the stock went up anyway. The fact that this bad news was already baked into GE is a big change for the better, Cramer said, and the market couldn’t rally without it.