The next time you're worried the stock market is about to plunge, remember that we have a pro-stock president, Jim Cramer told his Mad Money viewers Tuesday. President Donald Trump pays attention to the stock market, Cramer explained, and the most recent delay on additional tariffs proves it.
There's no denying that tariffs are bad for the economy, which is why bond yields continue to fall, taking stocks along for ride. Investors fear a recession, Cramer said, which makes any delay welcome news on Wall Street.
The delays serve a few functions, Cramer added. First, they are an olive branch to the Chinese that will hopefully lead to future concessions. Second, they give affected companies more time to move their operations out of China. Lastly, they serve as a counter-inflationary force that gives the Federal Reserve's interest rate cut more time to kick in.
China is now faced with both a trade war and an uprising in Hong Kong, so perhaps this extra time will spur some progress, Cramer concluded, but if not, it will at least keep the bears at bay for the time being.
Stocks Poised to Gain on Tariff Delays
With additional tariffs delayed from Sept. 1 to Dec. 15, which companies are the winners? Cramer offered up his list of stocks that can now be bought into any market weakness.
The obvious winner is Apple (AAPL - Get Report) , Cramer said, as the company makes both cell phones and laptops and is headed into the fall new product cycle. Tariffs would have cut Apple shares by 50 to 55 cents according to estimates, but that bullet has now been delayed if not entirely dodged.
Beyond Apple, other winners are Apple's suppliers like Skyworks Solutions (SWKS - Get Report) , as well as Micron Technologies (MU - Get Report) and Texas Instruments (TXN - Get Report) . In the retail space, Cramer said Best Buy (BBY - Get Report) benefits from a delay in tariffs, as will toymaker Hasbro (HAS - Get Report) going into the holiday season.
Lastly, Cramer said investors should look again at Deere & Company (DE - Get Report) on the promise the Chinese might buy some U.S.-made agriculture equipment, and also the banks like Citigroup (C - Get Report) .
Cramer and the AAP team are looking at the CBS-Viacom (CBS - Get Report) (VIAB - Get Report) deal, and they still think the valuation of the combined company looks very cheap. 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.
Off the Charts: The VIX
After some wild trading days, Cramer checked in with colleague Mark Sebastian for his "Off The Charts" segment to see what the CBOE Volatility Index, known as the VIX, is telling us about the market's next move.
Normally, the the VIX travels in the opposite direction of the markets. As stocks rally, the VIX falls, and vice versa. When the two travel together, that's a sign things are about to change direction. This was true in April of this year, the the VIX indicated that the markets had topped, and also in May, when the VIX signaled the market bottom.
So what does the VIX tell Sebastian about today's move? In a word: caution. Sebastian noted that the the VIX is still very high, which could be part of the reason the market rallied at the open, but remained flat for most of the day. He felt that the market needed time, and perhaps a pullback, to digest these gains before any further rally is possible.
On Real Money, Cramer says not everything can go down, even if the economy turns weak. Get more of his insights with a free trial subscription to Real Money.
Executive Decision: Zebra Technologies
Gustafsson explained that technology has enabled more things to be tracked and Zebra's technology helps businesses track employees, patients, assets, inventory and more. As more devices become connect to the network, they can all be utilized more effectively.
One of Zebra's more specialized businesses is tracking NFL players during football games. The technology is used by players, coaches and broadcasters to gather vital statistics on every aspect of the game, helping increase performance and ensure safety.
In retail, Zebra has become essential technology for omnichannel retailers, Gustafsson said, as these companies need to precisely track their inventory so orders can be delivered as quickly as possible. Zebra has even made acquisitions in the analytics space to help provide retailers with both hardware and software solutions.
Executive Decision: Novocure
In his second "Executive Decision" segment, Cramer sat down with Bill Doyle, executive chairman at Novocure (NVCR - Get Report) , the cancer-fighting biotech with shares that have risen 165% for the year.
Doyle explained that Novocure is not surgery and it's not radiation or chemotherapy. Novocure's therapy uses electrical fields to disrupt cell division in solid tumors. The company has been making strides in educating doctors about their successes and their treatment is becoming more widely accepted.
Doyle added that Novocure therapies are now covered by all major health plans and also by Medicare.
Novocure can treat any cancer cell their electrical fields can access, including in the head, chest and abdomen, where many of the toughest cancers are found. They are doing a lot of research into other diseases that might also benefit from their therapies. They are also doing a lot of engineering, Doyle said, to make their devices smaller and more powerful.
In the Lightning Round, Cramer was bullish on Alibaba (BABA - Get Report) , Automatic Data Processing (ADP - Get Report) , Tyson Foods (TSN - Get Report) , DuPont (DD - Get Report) , Lockheed Martin (LMT - Get Report) , Nucor (NUE - Get Report) and Qualcomm (QCOM - Get Report) .
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