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NEW YORK (TheStreet) -- After Friday's big unemployment number, it's clear things are improving, Jim Cramer said on "Mad Money". But that doesn't mean the stock market is celebrating because the markets operate on expectations and predictions.
How can good employment news be bad for the markets? Easy, said Cramer. Many bearish investors were expecting the worst, which means now that things are getting better, high-multiple stocks like Regeneron (REGN) - Get Report are being hit hard as those investors rotate into other sectors that are finally growing again.
As for the industrials, they're getting hit because many bullish investors were bidding these names up ahead of today's news and are now taking profits. But in the end, more employment means more corporate profits and more dividends, buybacks and mergers -- all great news for investors.
As for next week's game plan, Cramer said he'll be watching the JPMorgan Chase (JPM) - Get Report aviation conference and the Bank of America (BAC) - Get Report consumer and retail conference for any news on the economy. He'll also be watching WIlliams-Sonoma (WSM) - Get Report on Wednesday, along with Dollar General (DG) - Get Report on Thursday and GT Advanced Technologies (GTAT) on Friday.
Executive Decision: Adam Miller
For his "Executive Decision" segment, Cramer sat down with Adam Miller, founder and CEO of Cornerstone On Demand (CSOD) - Get Report, a cloud-based employee management system that's seen a 182% gain over the past two years.
Miller said Cornerstone is all about talent management, which includes finding, developing and retaining great talent throughout organizations large and small. He said with four generations in the work force, trends are changing, which makes finding and cultivating the right people more important than ever.
When asked about the competition, Miller said Cornerstone is a partner with Workday (WDAY) - Get Report, another employee-focused cloud provider. After years of dwindling competition, Miller said Cornerstone is now the leader in the space.
So why are companies moving to the cloud? Miller explained that Cornerstone's services are always available anywhere in the world and customers never have to worry about updates or maintenance. That's why his company has maintained a 95% retention rate for its existing clients.
Cramer said Cornerstone still has a compelling story to tell.
A Five-Year-Old Bull
It may be hard to believe, but the bull market is already turning five years old, and Cramer took time out to celebrate the 170% gain the markets have seen since their lows in March of 2009.
As with any bull market, there are always plenty of bears touting that the end is near. Cramer said it would be easy to say the market's on its last legs and overstayed its welcome, but he's not joining in on the negativity and remains focused on stocks that offer a good risk reward.
What are the bears fretting over? Cramer said it could be anything -- from the overvalued cult stocks to the over-hyped cloud computing sector to the slowdown in retail or housing.
Cramer said that it's true that some sectors in the market are indeed frothy, but as he says at the beginning of every show, "there's always a bull market somewhere" -- and he's here every night to help us find it.
Executive Decision: Peter Gassner
Gassner explained that Veeva brings cloud-based applications to life science companies, helping to take a $1.6 trillion industry away from inefficient client-server-based software and into an easier-to-use and more cost-effective way of doing business.
Gassner said Veeva's mobile applications allow sales reps give presentations on the go, take notes and place orders, something that just was not possible with legacy software.
When asked why the markets didn't like their most recent quarter, Gassner said he's building Veeva for the long term and is focused on growing the company's top and bottom lines. As for the day-to-day fluctuations in the stock, he said it's anyone's guess.
Cramer said he, too, is scratching his head as to why the markets reacted so negatively because he can't find anything not to like about the company's prospects.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer posited that stocks are like shoes -- one size does not fit all.
Cramer said younger investors should be taking on more risk, which is why the high-flying cloud computing stocks have been on such a roll recently. These high-risk, higher-reward stocks are perfect for those with longer time horizons that afford them more time to make up for mistakes.
But for older investors, stocks like the consumer packaged-goods companies make more sense. Older investors cannot afford taking big risks and find comfort in stocks growing revenue steadily at just 1% to 2% a year.
Different shoes for different investors, Cramer concluded. That's how you can have both the cloud and consumer stocks hitting highs at the same time.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
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-- Written by Scott Rutt in Washington, D.C.
To email Scott about this article, click here: Scott Rutt
At the time of publication, Cramer's Action Alerts PLUS had positions in BAC and JPM.