Did you see today's market weakness as a buying opportunity? Jim Cramer told his Mad Money viewers Thursday that he hopes they did, because there are hundreds of individual companies working hard to create value for their shareholders.
While potential setbacks for tax reform dominated the headlines today, Cramer reminded viewers of a recent study which showed that tax reforms had little effect on stocks.
Corporate taxes were lowered 10 times since 1927, the study noted, and in the year that followed, stocks rallied 11.3%. But in the year after the 13 times corporate taxes were raised, the market rose an average of 12.5%.
What matters more to stocks is where we are in the business cycle, the amount of euphoria in the market and the competition from other asset classes.
But even more important are the countless CEOs working hard to create shareholder value. Today's confirmation that Walt Disney (DIS) - Get Report will be buying critical assets from 21st Century Fox (FOXA) - Get Report was a brilliant move, Cramer said, as it gives the company the scale it needs to compete an control its own destiny for years to come. The market agreed, sending shares of both companies higher.
Over on Real Money, Cramer says one media mega-merger trumps a Florida senator's possible vote against tax reform. Get more on Cramer's insights with a free trial subscription to Real Money.
Executive Decision: AeroVironment
In his "Executive Decision" segment, Cramer sat down with Wahid Nawabi, president and CEO of AeroVironment Inc. (AVAV) - Get Report , the military drone maker with a stock that's up over 103% for the year.
Nawabi countered a recent negative analyst report by saying that AeroVironment continues to execute on their plans and their results speak for themselves. He showed off his company's Switchblade drone, which is carried by military personnel and allows them to see along the front lines of battle and not only identify, but also neutralize, combatants. Revenue from the Switchblade drone topped $75 million last year.
In addition to drones, AeroVironment is also a leader in charging solutions for electric vehicles. The company also has drones for commercial applications such as agriculture.
Cramer reiterated his recommendation of AeroVironment.
Cramer and the AAP team say that although Nucor (NUE) - Get Report is cutting its forecast, they're focused on the long-term. 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.
Don't Sell on the Pullback
Don't forget, stocks get cheaper as they go down, Cramer reminded viewers, and that's why most pullbacks are not reasons to sell.
Cramer said he's seen some troubling trends in the markets as of late, with the bears piling onto stocks that have no business heading lower. Case in point: the banks, which should be rising after the Federal Reserve raised interest rates, but have instead seen a two-day decline.
Then there's the case of 3M (MMM) - Get Report , which told investors at its analyst day that things were going quite well, only to see its shares fall. The same pattern was seen at Home Depot's (HD) - Get Report analyst day and again with share of Danaher (DHR) - Get Report .
In every case, investors fled on little or no news, or news that was good, but simply not good enough. Not all pullbacks are reasons to sell, Cramer explained, and in most cases they should be bought.
Executive Decision: Nutanix
In his second "Executive Decision" segment, Cramer again sat down with Dheeraj Pandey, chairman and CEO of Nutanix Inc. (NTNX) - Get Report , a stock that came public 14 months ago at $16 a share, only to spike to $37, fall to $14 and then surge more than 90% since Cramer last spoke about the company in June.
Pandey explained that Nutanix is building trust with investors and is proving itself through execution and resilience.
When asked about what his company does, Pandey explained that just like everything is becoming digitized in our personal and work lives, the data center is also going digital. Apps and software are now replacing the single-purpose servers and storage systems of just a few years ago, creating a huge opportunity.
Nutanix is both a partner and a competitor of players like VWMare (VMW) - Get Report , which also recently appeared on "Mad Money." Pandey said that Nutanix is the younger of the two companies and has a different philosophy than its older rivals.
Cramer said the data center world is big enough for both companies and he remains a fan of Nutanix and VMware.
Executive Decision: Synaptics
Bergman said that Synaptics remains a leader in human interface technology and business continues to grow thanks in part to a surge in consumer Internet of things devices. Smart devices are the hot product this holiday season, he added.
Synaptics is also a leader in voice technology, which Bergman explained has seen major breakthroughs in recent years, taking it from a nuisance to necessity in our homes and soon in our vehicles as well.
That's not to say there's not demand for his company's optical fingerprint technology. Bergman noted that new smartphones will be debuting with Synaptics fingerprint readers next year.
In the Lightning Round, Cramer was bullish on T-Mobile US (TMUS) - Get Report , Electronic Arts (EA) - Get Report , Take-Two Interactive (TTWO) - Get Report , Activision Blizzard (ATVI) - Get Report , Bristol-Myers Squibb (BMY) - Get Report , Eli Lilly (LLY) - Get Report , Pfizer (PFE) - Get Report and Regeneron Pharmaceuticals (REGN) - Get Report .
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At the time of publication, Cramer's Action Alerts PLUS had a position in NUE, DHR, ATVI, LLY.