Jim Cramer Highlights Charles Schwab's Net New Assets Increase

The Charles Schwab Corporation (NYSE:SCHW) is one of the stocks to watch as Jim Cramer looked at market rationality. Cramer discussed the company’s increase in net new assets, as he remarked:

“Charles Schwab announced a 17% increase in net new assets month over month. That’s an amazing gain, and it totally justifies the stock’s 2.3% move. Rational.”

The Charles Schwab Corporation (NYSE:SCHW) provides wealth management, brokerage, banking, asset management, custody, and financial advisory services. Its offerings include trading platforms, managed portfolios, banking products, retirement solutions, and trust services. Cramer discussed the stock in a July episode. He commented:

“Finally, don’t say I didn’t tell you so, we’ve been championing Charles Schwab from the days when the doubters cast dispersions on the balance sheet. That was 25 points ago. They’ve been silent of late. But I think the short sellers like to come out and color the opening of trading when Schwab opens. I say be very careful before you do some buying.”

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Disclosure: None. This article is originally published at Insider Monkey.