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TheStreet Open House

Jim Cramer's 'Mad Money' Recap: Nerds Rule

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NEW YORK (TheStreet) -- The nerds have taken over the markets, Jim Cramer said on Mad Money Thursday. Yes, those uncool companies that were all but left for dead last quarter are now back in charge and are leading the markets higher.

Most notably, Apple (AAPL), a stock Cramer owns for his charitable trust, Action Alerts PLUS, is back in the saddle, proving the skeptics wrong as growth returned, sales in China were on fire and shareholders are being rewarded with a big buyback and a 7:1 stock split. Two other tech "nerds," Lam Research (LRCX) and Texas Instruments (TXN), also surprised Wall Street, ending the day sharply higher.

In the biotech space, AstraZenca (AZN) and Zimmer Holdings (ZMH) were standouts while the "uncool" stocks of McDonald's (MCD) and Stanley Black & Decker (SWK) also both sprang to life without warning.

Cramer called out DR Horton (DHI), Timken (TKR) another Action Alerts PLUS holding, and Caterpillar (CAT) as three more examples of stocks that are suddenly back in fashion.

Who's not in fashion? How about the now-uncool Under Armour (UA), a stock that had been up 25% for the year but today fell 7.3%.

Wild Trading

About the only thing wilder than this quarter's earnings have been the market's reaction to them, Cramer told viewers as he highlighted a few stocks that have seen wild trading this earnings season.

Cramer said Facebook (FB) was one such stock that saw a strong open, only to sell off later in the day. While Facebook delivered strong earnings, it also tempered expectations, Cramer said -- and in today's market investors expect it all. He remains bullish on Facebook, an AAP holding, as the stock is cheap against 2015 and 2016 earnings.

Another standout, American Airlines (AAL), a company that blew away the estimates, even with horrible winter weather. Imagine what the company can do in good weather, Cramer posited.

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