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NEW YORK (TheStreet) -- On a day where the markets hit new all-time highs and CNBC celebrated its 25th anniversary, Jim Cramer told his Mad Money TV show viewers that he's got a list of five companies worth banking on.
First on the list was Starbucks (SBUX), with its "bankable" CEO Howard Schultz. Cramer said Starbucks' shares may be stalled, but that's only an opportunity to buy. He's betting on the company's technology, teas and expansion plans to propel this stock a lot high than its current 26 times multiple.
Second was Facebook (FB), a stock which Cramer owns for his charitable trust, Action Alerts PLUS. Cramer said Facebook has a monopoly on, well, you, and chances are you're totally OK with that. Facebook has been talking a lot about earnings as of late, and that's just what the markets want to hear.Next up was Oracle (ORCL) and its CEO Larry Ellison. Oracle may be perceived as "old tech," but the company has a new cloud focus and at 14 times earnings, is worth buying, said Cramer. Fourth was Google (GOOGL), another Action Alerts PLUS holding. Cramer said Google does invest in too many things and appears to lose focus, but the company still could own the world, or at least the parts that Facebook doesn't own. Finally, Cramer recommended Warren Buffett and his Berkshire Hathaway (BRK.B). He said Berkshire is one of the few stocks you can buy and just tuck away and forget about. Executive Decision: Steve Singh, Concur Technologies
For his "Executive Decision" segment, Cramer spoke with Steve Singh, chairman and CEO of Concur Technologies (CNQR), the momentum stock that's fallen over 37% from its highs just two months ago, despite delivering a penny-a-share earnings beat on better than expected revenues and reiterating their full-year guidance. Singh said he feels the pain Concur shareholders are going through at the moment, but he remains focused on building a great business, one that offers great long-term value to customers. As long as he does that, the value in their shares will be realized, Singh continued.
Singh noted that while Concur certainly has competition, they are slowly becoming the standard for travel management, driving down costs for businesses and making it easier for business travelers. Concur offers an open platform that allows travelers to go anywhere they want to book their travel, Singh said, but still tracks 100% of their spending, bringing together all of the information and expenses into one place. Partners, he said, take their open platform and build on it to deliver even more value. Cramer said its clear that Concur owns the market for business travel. When momentum stocks come back into favor, he said, profitable companies like Concur will be leading the charge higher.
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