If you're not buying into today's market weakness, then you're missing a terrific opportunity, Jim Cramer told his Mad Money viewers Wednesday, as he listed the reasons the market was worried and all the reasons why the market was wrong.
First up, Turkey. Cramer said while Turkey continues to make headlines, the fact is that Turkey's problems are man-made and fairly easy to solve. European banks have lent money to Turkey and will be on the hook for loses, he said, but the effect on U.S. banks is almost nil.
Next, China. Conventional wisdom is that China is playing the long game when it comes to tariffs and trade. But the fact is that the Chinese stock market is its own living entity and stocks can't be forced to go higher. That's why Chinese stocks continue to fall.
Then there are the fears of inflation. The bears cite Kimberly-Clark (KMB) - Get Kimberly-Clark Corporation (KMB) Report raising prices as proof positive of rampant inflation. But other commodities, like oil, lumber and metals, are falling and that's good news for all but 8% of the U.S. economy.
Finally, the market was worried about Macy's (M) - Get Macy's Inc Report , sending shares plunging 16%. But Cramer said the numbers he saw from Macy's were great, proving again that this retailer is turning itself around.
Cramer said the real question is not whether investors are too bullish on stocks right now, it's whether they're not bullish enough.
Cramer and the AAP team are buying more shares of oil giant BP (BP) - Get BP p.l.c. Sponsored ADR Report based on Wednesday's dip. 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.
Cramer and Elizabeth Warren
In a special one-on-one interview, Cramer sat down with U.S. Senator Elizabeth Warren (D-Mass.) to discuss her proposal in today's Wall Street Journal to incentivize corporations to reward more than just its shareholders.
Warren said for decades, companies had many stakeholders, including their employees and communities. But beginning in the 1980s, that focus narrowed to reward only shareholders. That has created a culture of short-term thinking which has rewarded top executives, but has also driven hourly wages down and left a large portion of America behind.
Since the 1980s, nearly $7 trillion of investment has left public companies, Warren said, and the recent increase in stock buybacks is an example of short-term thinking to juice earnings rather than long-term investments in America. Under her proposal, employees would be elected to boards of directors and out nation's biggest companies would have incentives to do better for all stakeholders.
Warren said she's a big believer in free markets and the wealth they produce, but even free markets need rules to level the playing field and ensure that everyone participates in the wealth we create as a nation.
Over on Real Money, Cramer says buy stocks that are down here, not up. Get more of his insights with a free trial subscription to Real Money.
Post Holdings Getting Sweet
What the heck is happening with Post Holdings (POST) - Get Post Holdings, Inc. Report ? Cramer said this cereal and packaged foods maker has rallied more than 20% this year, with most of that move coming over the past two weeks.
Back in Sept 2017, Post announced the acquisition of the packaged foods side of Bob Evans, a deal that would help the company strengthen its offerings and give it the scale it needed to fight for more shelf space at your local supermarket. At the time, analysts were expecting the company to divest some assets to help stabile its balance sheet. But as the deal progressed, no announcements came, creating an overhang over the stock.
But now Post has announced that it will spin off its lagging private label business as its own entity, in partnership with private equity. That news has helped spur Post shares and the company even caught an analyst upgrade.
Cramer said Post is in all the right areas of the supermarket, and trading at 17.6 times earnings, the stock of Post is once again attractive.
Executive Decision: Twilio
For his "Executive Decision" segment, Cramer once again spoke with Jeff Lawson, chairman and CEO at Twilio (TWLO) - Get Twilio, Inc. Class A Report , the cloud communications company with shares that have tripled so far this year, as growth has reignited.
Lawson explained that Twilio's growth comes from the power of its platform. Developers can build a wide variety of products on Twilio, and their usage-based pricing model means that Twilio is successful when developers are successful. Twilio now boasts over two million developers on its platform.
Twilio recently announced a partnership with What's App, allowing developers to message that platform's 1.5 billion users worldwide. Lawson said What's App opens a lot of new doors for developers and they're excited to see what types of applications get built. Twilio also recently introduced Twilio Flex, a product targeted to the contact center market.
Lawson added that Twilio has also been hard at work diversifying their customer base. Previously, the company's top 10 clients accounted for 31% of revenues. That number is now down to just 17% of revenues.
In his "No-Huddle Offense" segment, Cramer opined on the news that Warren Buffett's Berkshire Hathaway (BRK.B) - Get Berkshire Hathaway Inc. Class B (BRK.B) Report increased its position in both Apple (AAPL) - Get Apple Inc. (AAPL) Report and Goldman Sachs (GS) - Get Goldman Sachs Group, Inc. (GS) Report .
Cramer said while the bears may have declared the bull market dead, in reality, bull markets live or die based on supply and demand. Many companies, Apple and Goldman included, have been aggressively buying back their own stock, he explained, and that decreases supply and increases demand. With so many shares being bought, it'll be hard to stop this bull.
In the Lightning Round, Cramer was bullish on Praxair (PX) , Union Pacific (UNP) - Get Union Pacific Corporation Report , CSX (CSX) - Get CSX Corporation Report , Norfolk Southern (NSC) - Get Norfolk Southern Corporation Report , Pinnacle Entertainment (PNK) - Get Pinnacle Entertainment Inc Report , AeroVironment (AVAV) - Get AeroVironment, Inc. Report and Tapestry (TPR) - Get Tapestry, Inc. Report .
Cramer was bearish on Trinity Industries (TRN) - Get Trinity Industries, Inc. Report , MGM Resorts (MGM) - Get MGM Resorts International (MGM) Report , Energy Transfer Partners (ETP) and Duluth Holdings (DLTH) - Get Duluth Holdings, Inc. Class B Report .
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At the time of publication, Cramer's Action Alerts PLUS had a position in BP, AAPL, GS.