Good things can still happen in the stock market, Jim Cramer assured his Mad Money viewers Tuesday, but don't get overconfident, because bad things can still happen too. Cramer said once again, the proprietary S&P 500 oscillator he follows was correct, and the markets were a coiled spring ready to rally higher. Today, we saw that rally and there may still be more to come tomorrow.
Today's market was propelled by positive comments from the Federal Reserve, optimism on trade talks with China and progress towards a resolution on trade and immigration with Mexico. Cramer said all of these positive trends, combined with a market that had gotten severely oversold, left few sellers to be found today. But, he cautioned, that's no reason to get complacent.
While much of the narrative was indeed positive today, President Trump was still rattling cages in Europe, suggesting that members of NATO need to pay their fair share of defense. The U.S. spend 2% of GDP for defense, but other countries, like Germany, pay significantly less.
Beyond the geopolitical, Cramer said the markets were also buoyed by tech, with Uber (UBER) seeing multiple upgrades sending that stock up 3.6% and his self-anointed list of cloud kings also roaring higher.Executive Decision: Salesforce.com
For his "Executive Decision" segment, Cramer spoke with Marc Benioff, chairman and co-CEO of Salesforce.com (CRM - Get Report) , the cloud software giant that just posted another strong quarter that included a five-cent-a-share earnings beat.
Benioff said the digital transformation rages on and is something every company is now involved with. He said every journey begins and ends with the customer, which is why Salesforce's customer relationship platform is so valuable. The transformation even applies to the Federal government, where Salesforce has won contracts at several departments and is helping usher in the next revolution in government.
Benioff also touted Trailhead, a new initiative that aims to retrain Americans with the skills they need to work in the Salesforce ecosystem. He said the program is proven, easy and totally free and can help anyone looking to add new skills or a new career.
Finally, when asked about the government's recent crackdown on Facebook (FB - Get Report) and other tech giants, Benioff said he supports the move. He said some of tech's largest companies need to get their values straight and "enough is enough" when it comes to misusing data and mishandling privacy. It is a sad state of affairs then the EU, and not the U.S., is in the leadership position when it comes to these important issues and companies must be held accountable.
Executive Decision II: Chipotle
In his second "Executive Decision" segment, Cramer sat down in person with Jack Hartung, CEO of Chipotle Mexican Grill (CMG - Get Report) , the restaurant chain that sells upwards of 600,000 orders of guacamole every single day and one that could be impacted by new tariffs with Mexico.
Hartung explained that despite half of Chipotle's customers ordering guacamole, the proposed tariffs on Mexican avocados will have a minimal impact on Chipotle's bottom line.
When asked about what's driving their business and helping them to achieve five consecutive quarters of accelerating growth, Hartung said that delivery is one bright spot. He said customers love their whole, fresh ingredients and real cooking and burritos travel well for delivery. Every Chipotle location has a second line to prepare digital orders, which means customers can get what they want, when they want it. Delivery is a "big deal" for Chipotle and the company still has plenty of room to grow.
Finally, when asked about their new loyalty program, Hartung said it is off to a great start. It's easy to join with great rewards and its not only their most loyal fans who are joining. Even casual and occasional customers are finding value.
Executive Decision III: Emergent BioSolutions
In his third interview, Cramer sat down with Robert Kramer, CEO of Emergent BioSolutions (EBS - Get Report) , the vaccine maker with shares that are off 23% for the year amidst fears of a crackdown on drug prices.
Kramer explained that Emergent began in 1998 in order to protect people from public health threats. Smallpox is one of these threats and an area where Emergent has both therapeutic and vaccine treatments available. The company works with governments around the globe to help stockpile vaccines where needed and also has a strong business in providing travelers' vaccines for typhoid fever among many others.
Emergent also manufactures Narcan, a nasal spray used to treat opioid overdoses. Kramer said Emergent aims to make Narcan available, affordable and accessible to the 34 million patients who are at risk of overdosing.
Finally, Emergent also has therapeutic treatments for patients with severe flu symptoms. He said when vaccines fail and patients end up in the hospital, Emergent hopes to provide treatments to lessen severe symptoms.
In the Lightning Round, Cramer was bullish on Eli Lilly (LLY - Get Report) , ServiceNow (NOW - Get Report) , Workday (WDAY - Get Report) , Canopy Growth (CGC - Get Report) , Chicago Mercantile Exchange (CME - Get Report) , Microsoft (MSFT - Get Report) , Bristol-Myers Squibb (BMY - Get Report) , Adobe Systems (ADBE - Get Report) and Advanced Micro Devices (AMD - Get Report) .
No Huddle Offense
In his "No Huddle Offense" segment, Cramer opined on the government coming after Alphabet (GOOGL - Get Report) , Apple (AAPL - Get Report) , Facebook (FB - Get Report) and Amazon (AMZN - Get Report) for anti-competitive behavior.
Cramer said he doesn't feel that Apple should be punished for creating a phenomenal product in the iPhone and the App Store to support it, but with Facebook, additional safeguards are clearly needed. But regardless how you feel about these antitrust issues, the fact is that these stocks are less attractive than they were 48 hours ago.
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