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"Welcome back, stock owners, we've missed you," Jim Cramer announced to his Mad Money viewers Thursday, as the post-election rally roared on.

Yes, it appears that equities are back en vogue and people are again buying stocks they way they used to. It's almost as if someone waved a magic wand and optimism was unleashed.

Cramer recalled two other times the stock market behaved this way. The first time was in 1980 when Ronald Reagan was elected and promptly shook America from its economic "malaise" much the way Donald Trump is expected to.

The second time was in 1991, Cramer said, when the Federal Reserve raised interest rates to help bolster bank earnings, instilling a level of confidence that infected the entire market.

Stocks have fallen out of favor over the past few years, Cramer admitted, but now that they're back, he doesn't see the rally in the banks ending any time soon. He was also bullish on the industrials, rails and the airlines, all of which have investors excited again.

Cramer said the consumer is worth betting on again, especially given the results from Best Buy (BBY) - Get Best Buy Co. Inc. Report , which sent shares up 13.7%, and Home Depot (HD) - Get Home Depot Inc. (The) Report , up 2.8%.

Finally, Cramer said, with so much new money entering the market, there's even enough to go around for the tech and semiconductor stocks to rally. 

A Special Invitation ...

It's not how you voted, it's how you invest. So how can investors win in the wake of this historical election? If you're planning to be in New York on Tuesday, Dec. 6, you are invited to join senior editors from TheStreet and our special guest experts for a cocktail party and lively conversation about the outlook for the U.S. financial markets. Which companies and sectors are poised to profit? What shocks and opportunities await investors in the new year? Listen to and meet our panelists: Lew Altfest, CEO of Altfest Personal Wealth Management; Barry Ritholtz, founder of Ritholtz Wealth Management; and Larry Siegel, director of research at the CFA Institute Research Foundation, with moderator Robert Powell. This evening event is free and will be held in midtown Manhattan. Reservations are required. For more information or to RSVP, please email

Coming up on this episode of Mad Money: Cramer's special guest is Salesforce (CRM) - Get Salesforce Inc. Report CEO Marc Benioff; Plus, Cramer's inducting a new member into the CEO Wall of Fame.

Cramer and Jack Mohr are adding "tech stalwart" Adobe (ADBE) - Get Adobe Inc. Report to their portfolio. Find out why and what they're telling their members with a free trial membership to Action Alerts PLUS.

Executive Decision: Salesforce

For his "Executive Decision" segment, Cramer checked in with Marc Benioff, chairman and CEO of (CRM) - Get Salesforce Inc. Report , a stock that rose 4.8% after it reported strong quarterly results.

Benioff said that after dealing with currency headwinds and Brexit last quarter, Salesforce rallied back for a great third quarter and he's optimistic for the fourth quarter and for 2017. This quarter saw some exciting wins, including Morgan Stanley (MS) - Get Morgan Stanley Report and PNC Financial (PNC) - Get PNC Financial Services Group Inc. (The) Report .

When asked about the election, Benioff said that everyone wants progress and there's nothing better than everyone moving forward together.

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Benioff continued to have strong words for Microsoft (MSFT) - Get Microsoft Corporation Report , saying the tech industry won't stand for how Microsoft plans to handle LinkedIn data now that it has acquired the company.

Benioff reiterated that he feels Twitter (TWTR) - Get Twitter Inc. Report is a great company, but he works in concert with his shareholders and they were not keen on the idea of an acquisition.

The CEO Wall of Fame

When a chief executive does a tremendous job of creating value, that CEO deserves to be celebrated, Cramer told viewers, as he added Rick Clemmer, CEO of NXP Semiconductor (NXPI) - Get NXP Semiconductors N.V. Report to his "Wall of Fame" list of the absolute best CEOs.

Just five years ago, NXP was trading at just $15 a share, but since taking the helm in 2009, Clemmer has overseen a multi-year run that was capped off by a $110 a share takeover bid from Qualcomm (QCOM) - Get QUALCOMM Incorporated Report .

NXP was largely known for making cell-phone chips, but Clemmer saw the need to diversify through innovation, helping to invent NFC, or near-field communication, chips that now power all sorts of devices and wireless payments. NXP also has a hand in the smart chips consumer now find in their credit and debit cards.

But Clemmer took things one step further, acquiring Freescale, and giving NXP further diversification into autos and the connected car along with cybersecurity and the Internet of things. And now Qualcomm finds itself also in need of diversifying, snapping up everything Clemmer has built for a 34% premium.

Cramer gave honorable mentions to Dinesh Paliwal, CEO of Harman International (HAR) , and Jeff Bewkes, CEO of Time Warner (TWX) for their value creation as well, but said he's waiting for both of these deals to close before committing them to the Wall of Fame as well.

If even Wells Fargo shares can rally...

How do you know when a rally is the real deal? Keep your eye on the worst stock in the sector, Cramer told viewers. In the case of the banks, that would be definitely be the stock of Wells Fargo (WFC) - Get Wells Fargo & Company Report .

After a cross-selling scandal that culminated in the resignation of CEO John Stumpf, Cramer said, Wells Fargo had been gearing up for a big fight with Hillary Clinton and Elizabeth Warren.

But suddenly we have a president who's not targeting the banks and a Senate that isn't likely too, either. And so shares of Wells Fargo went from $44 to $50.

Then today, Wells Fargo provided investors with an update and it wasn't good. Among other abysmal metrics were new account openings, which fell 44% from year-ago levels. Yet shares of Wells Fargo extended their rally, up 1.5% today.

That's how you spot a rally that's for real, Cramer concluded.

For Action Alerts PLUS, Cramer and Jack Mohr are stocking up on Kraft Heinz (KHC) - Get The Kraft Heinz Company Report . Find out what they're telling members and why they think this is a great opportunity with a free trial membership to their investment club.

Lightning Round

In the Lightning Round, Cramer was bullish on Schlumberger (SLB) - Get Schlumberger N.V. Report , STMicroelectronics (STM) - Get STMicroelectronics N.V. Report , Applied Materials (AMAT) - Get Applied Materials Inc. Report and Murphy Oil (MUR) - Get Murphy Oil Corporation Report .

Cramer was bearish on Weatherford International (WFT) - Get Weatherford International plc Report .

Am I Diversified? 

In the "Am I Diversified" segment, Cramer spoke with callers and responded to tweets sent via Twitter to @JimCramer to see if investors' portfolios have what it takes for today's markets. The first portfolio included Merck (MRK) - Get Merck & Company Inc. Report , Walt Disney (DIS) - Get The Walt Disney Company Report , Apple (AAPL) - Get Apple Inc. Report , Exxon-Mobil (XOM) - Get Exxon Mobil Corporation Report and Procter & Gamble (PG) - Get Procter & Gamble Company (The) Report .

Cramer said this portfolio was "fantastic."

The second portfolio's top holdings included Alphabet (GOOGL) - Get Alphabet Inc. Report , Facebook (FB) - Get Meta Platforms Inc. Report , (AMZN) - Get Inc. Report , Lockheed Martin (LMT) - Get Lockheed Martin Corporation Report and Martin Marietta Materials (MLM) - Get Martin Marietta Materials Inc. Report .

Cramer said he'd allow this portfolio to include Google, Facebook and Amazon, but only if it also adds Merck.

The third portfolio had United Technologies (UTX) - Get n.a. Report , Apple (AAPL) - Get Apple Inc. Report , Facebook (FB) - Get Meta Platforms Inc. Report , Altria (MO) - Get Altria Group Inc. Report and JPMorgan Chase (JPM) - Get JP Morgan Chase & Co. Report as its top five stocks.

Cramer said this portfolio was "perfect."

Real Money: James "Rev Shark" Deporre says we haven't seen sector action like this since 2000.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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At the time of publication, Cramer's Action Alerts PLUS had a position in ADBE, NXPI, WFC, SLB, AAPL and KHC.