Now that the big bad event of the election is behind us, the market can finally surge higher, Jim Cramer told his Mad Money viewers Wednesday, but stocks are still hostage to what the Federal Reserve does next.
Cramer reminded viewers that October's vicious selloff began with tough talk on interest rates followed by tougher words on China. That, coupled with a few earnings misses and a strong dollar sent many investors heading for the hills, waiting for the midterm elections to finally be over.
But now that the election is over and Congress is divided, the buyers are swooping in. Healthcare was among the biggest winners, now that the Democrats control the House and the Affordable Care Act won't be repealed. Shares of Cramer favorite UnitedHealth Group (UNH) rose 4.1%, with Humana (HUM) adding 6.1%. The financials also rallied today for the opposite reason, the Republicans still control the Senate.
Cramer said the cloud kings and tech can continue to rally, led by Amazon (AMZN) and Apple (AAPL) . And now that Attorney General Jeff Sessions has resigned, Canopy Growth (CGC) is attractive, as Sessions was one of the biggest cannabis opponents.
Cramer and the AAP team are reviewing some of their winning stocks after the election, including Raytheon (RTN) and UnitedHealth Group. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
Executive Decision: Etsy
For his "Executive Decision" segment, Cramer sat down with Josh Silverman, CEO of Etsy (ETSY) , the online marketplace that posted an eight-cents-a-share earnings beat that sent shares soaring 23.7% by the close. Shares of Etsy are up 197% for the year.
Silverman said in a world of increasing automation and commoditization, Etsy is keeping commerce human, connecting more than 50 million items made by over two million makers to their 37 million active buyers all around the globe. They harness seemingly unlimited creative energy while offering a great value to all.
With Etsy, buyers can find quality and craftsmanship, and because they're buying directly from the makers, still get those items at a great price. Buyers are aided by machine learning, which helps the most relevant items rise to the surface, making for an enjoyable discovery experience.
When asked about their employees, Silverman said when you have a great mission and a great culture, people flock to you. Etsy is a big proponent of diversity, and 32% of their engineers are female, twice the industry average.
After panic swept through the tech sector throughout October, Cramer proclaimed the cloud is back. Yes, investors are once again clamoring for high-growth stocks, like New Relic (NEWR) , which is seeing accelerating growth and an accelerated stock price, up 11.6%.
Tableau Software (DATA) saw a 45% rise in its recurring revenues this quarter, news that sent its shares up 15.3% today. Meanwhile Twilio (TWLO) , another Cramer favorite, saw its shares skyrocket 35.4% today after another amazing quarter.
Even in the semiconductor sector, stocks like Advanced Micro Devices (AMD) were able to rally 5.6% on news that Amazon will be using the company's chips in its datacenters.
Cramer said this whole group, along with cybersecurity, has lots more room to run and he's a buyer.
Over on Real Money, Cramer has a forecast for more of his cloud favorites. Get more of his insights with a free trial subscription to Real Money.
Executive Decision: ANGI Homeservices
In his second "Executive Decision" segment, Cramer sat down with Brandon Ridenour, CEO of ANGI Homeservices (ANGI) , the online home services company with shares that are up 82% so far this year.
Ridenour said the home services business is worth $400 billion a year, but only 10% of that amount is conducted online. He said there was a lot of value created by the combination of Angie's List and Home Advisor last year and that's created a big tailwind going forward.
ANGI now has the leading brand in both the U.S. and Canada and is expanding to several countries in Europe. The company has partnerships with companies like Wayfair (W) and Walmart (WMT) to provide assembly and installation services of products you buy at those retailers.
ANGI remained focused on quality, Ridenour said. All of their 200,000 providers are screened and background checked and there are continual verifications and customer feedback ensuring that you're always getting the best service.
Executive Decision: Intel
For his final "Executive Decision" segment, Cramer sat down with Brian Krzanich, former CEO of Intel (INTC) , and now the president and CEO of CDK Global (CDK) , an information technology provider to the auto industry.
Krzanich said that while 90% of car buyers do their research online, once they reach their local dealership, the technology stops, with more functions still done on paper. He said there are huge opportunities to digitize and streamline not only car buying, but also leasing, servicing and repair.
Change takes vision, leadership and innovation, Krzanich added, all things CDK is in a position to provide. As more customer and vehicle data moves to the cloud, dealers have all new opportunities to connect with customers and provide all new levels of service.
When asked about his departure from Intel, Krzanich said that Intel is still a great company, but both he and the company's board of directors thought it was the right time for him to retire.
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