Today the markets earned back a lot of investor trust, Jim Cramer told his Mad Money viewers Thursday. Today's rally included not just tech and not just a handful of leaders, but a broad base of winners, proving that the U.S. economy is doing better than most people think.
Last week, Cramer said a rally isn't really a rally unless the transports confirm it. Today, both FedEx(FDX) - Get Report and UPS(UPS) - Get Report rallied 2.3% and 1.5%, as did the rails and a host of other names.
Need still more examples? Cramer called out Pinnacle Foods (PF) , up 6.1% and Deere & Company(DE) - Get Report tacking on 1.8%. Even the casino stocks were hot, with Wynn Resorts (WYNN) - Get Report and MGM Resorts(MGM) - Get Report remaining Cramer favorites.
Meanwhile, over on Real Money, Cramer says it's always good to see a real bargain go higher. Get his insights a free trial subscription to Real Money.
Executive Decision: Workday
For his "Executive Decision" segment, Cramer checked back in with Aneel Bhusri, co-founder and CEO of Workday(WDAY) - Get Report , the cloud computing company that just posted a 13-cents-a-share earnings beat with accelerating revenue growth that rose by 38%. Shares of Workday are up over 50% so far this year.
Bhusri said that Workday continues to grow thanks to its strong portfolio of financial, payroll and human capital management offerings. That's why companies like Nasdaq (^IXIC) will start in one area, like human capital, then expand to Workday's other offerings.
Artificial intelligence and machine learning are also part of the Workday platform. Bhusri said the company's new analytics can predict with 90% accuracy whether an employee is likely to leave a company within the next 12 months. Those same intelligences are now being applied to determining which customers are most likely not to pay their bills on time.
Executive Decision: Now
In his second "Executive Decision" segment, Cramer sat down with Robert Workman, president and CEO of Now(DNOW) - Get Report , the oil service spinoff of National Oilwell Varco(NOV) - Get Report that debuted in May 2014, just as oil prices began their decline.
Workman said the most recent oil downturn was one of the worst he's seen, and Now's timing for coming public couldn't have been worse. But, since their spinoff, not only have they been able to reduce costs and survive, they've also managed to complete 12 acquisitions to set themselves up for growth going forward.
Workman then explained that Now provides the initial equipment for oil drillers, but most of his company's revenue stems from operators like Pioneer Natural Resources(PXD) - Get Report who operate the wells over their lifetime. Thus, his company's revenue tends to lag the current drilling rig count numbers by four to six months.
Cramer said this company has made a remarkable recovery even with oil prices still low.
As President Trump makes waves by withdrawing from the Paris Climate Accord, Cramer said he's reminded of just how drastically the president's priorities have changed over the past six months.
Just after the election, it seemed like a sure thing that tax reform, repatriation and deregulation would come to pass, and quickly. After all, with Trump and a Republican-led Congress, how could things go wrong? But now, just six months later, the legislative logjam seems to have stopped most of Trump's economic agenda.
Cramer said he no longer asks CEOs about how much tax reforms would bolster their bottom lines, nor about what they'd do with the billions in cash those companies have overseas. He's also stopped hoping that the banks will see meaningful deregulation anytime soon.
As for the things Trump has done, well, they're not overly helpful, either. Trump's fondness of fossil fuels doesn't make coal competitive in the marketplace, and encouraging more oil drilling will only lead to a bigger oil glut than we already have.
Executive Decision: Veeva Systems
In his final "Executive Decision" segment, Cramer spoke with Peter Gassner, founder and CEO of Veeva Systems(VEEV) - Get Report , the cloud software provider serving the biotech and life sciences industries. Veeva just posted a four-cents-a-share earnings beat and has seen its shares rise 60% so far this year.
Gassner said that we're still in the early days of cloud computing, and Veeva is helping companies big and small be more successful and more innovative. The company counts the biggest pharma companies and the smallest biotechs as customers. He said that Veeva has 24 cloud applications to help automate sales activities, manage clinical trials and even ensure regulatory compliance.
For biotech especially, Gassner said, speed is everything -- which is why most new companies don't even bother with legacy software, and just run their entire operations on Veeva.
Even with all of his company's success, Gassner said that there is still plenty of room to grow and lots of things to accomplish.
Cramer and the AAP team explain why the charts support their position on PepsiCo(PEP) - Get Report . Find out what they're telling their investment club members with a free trial subscription to Action Alerts PLUS.
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At the time of publication, Cramer's Action Alerts PLUS had positions in PEP, WFC.