We recently published a list of Jim Cramer Recently Discussed These 13 Stocks Interest Rates And Recession. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other stocks that Jim Cramer recently discussed.

In his appearance on CNBC's Squawk on the Street earlier this month, Jim Cramer commented on the Labor Department's December employment report. The report saw the US economy add 256,000 new jobs which was significantly higher than the 155,000 jobs that economists were expecting. It was the last jobs print of the Biden administration, and the data also showed unemployment dropping to 4.1%.

Cramer's remarks for the jobs report focused on its impact on the stock market as stocks fell. Stocks had dropped because investors believed that the fresh data would disincentivize the Federal Reserve from reducing interest rates. However, Cramer had "trouble being really negative on that. 25 cents maybe, 30 cents. But when I see this number what I say to myself is, okay, would you prefer earnings to be good? Cause this isn't earnings to be good. Or would you prefer rate cuts?" The CNBC host prefers positive earnings over potential rate cuts. He shared, "Anytime I can get earnings to be good, I vastly prefer that to rate cuts because rate cuts don't necessarily translate into EPS. We are in the end, preachers of what makes stocks move. I know that if you want to pay more for bonds, we get an interest rate that's higher, that's supposed to be really bad for stocks."

According to Cramer, "What's really bad for stocks is employment. Is recession." Consequently, his optimism stemmed from the fact that "These numbers are so far away from [a] recession that the only thing I conclude, David, is this that the Fed got it wrong. But that doesn't mean necessarily, that, CEOs are gonna get it wrong. That businesses are going to get it wrong. We do not have a number that's going to wipe out companies. We have a number that's going to keep this economy afloat regardless of what the Fed does."

As investors re-calibrated their expectations to higher for longer once again, bond yields rose since bonds with current rates were sold. Cramer commented on the yields rising and stated, "We'll get to readjust. This is a reset moment. The question is . . do we have to say, like John Gibson [CEO of a payroll processor] said to me. . . that none of this stuff ever factors in the small to medium-sized business. Of which he said there was a huge flood of optimism, after the election. Now, to say well what happened is people were waiting to see whether Vice President Harris was elected and therefore they wouldn't expand versus President-elect Trump would expand."