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Cramer: Pounce on the Anointed Ones

12. Yelp (YELP - Get Report) -- Look out. This one's incredible. It is a company with the best social, mobile and cloud applications I follow, and it is expanding internationally. It's a mobile yellow pages that is choosing not to show earnings yet, but could do so in a heartbeat. I sense that coverage has to be rolled out all over the place, and when it is, it will be like Friday, when a new recommendation simply caused the stock to explode higher. The momentum guys will justify this one on market cap, which is only $4 billion. Should trade much higher.

Now, you could say, "Jim, where is Facebook (FB - Get Report), or Google (GOOG - Get Report), or Tesla (TSLA - Get Report)?" To that I would say: The key to this game is in the inability to have any idea what the company's going to earn in the out-years. As soon as you have firm numbers out there, which these three do, you run the terrible risk of disappointment. That's too dangerous. These have the runway. The ones listed above don't.

So, remember, you don't buy them outright. You wait until the swoon. Pick an options contract you feel comfortable with, and select your favorite five. Don't do any more than that.

These are the anointed ones. They are going to be the magnets.

Remember: Don't hate them. Embrace them. It's probably not your style of investing.

My answer to that: So what?
At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long FB.

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