CNBC's Jim Cramer suggested it's helpful to consider stocks sitting at new 52-week highs to better understand market trends and themes. He picked out several companies that have recently made the " new high " list which he thinks are indicative of the mood on Wall Street.
"You can learn a lot about a market from looking at the stocks that make it to the 52-week high list," he said. "It's a rarefied group by nature, and it speaks loudly about what works and, of course, what doesn't."
Cramer was not surprised there aren't many major tech names that have reached new highs recently. He said the group is dragged down by trade tensions between the U.S. and China, which makes rare earth magnets vital to electronics. However, semiconductor giant Broadcom managed to make the list, a