This date will always be a somber day on Wall Street, Jim Cramer told his Mad Money viewers Tuesday.
Despite the tragic events of Sept. 11, 2001 -- and the collapse of Lehman Brothers on this same date 10 years ago -- there remains an innate sense of optimism in America. It's that optimism that's led to Cramer's mantra, "There's always a bull market somewhere."
That bull market doesn't seem to be in autos or housing, however, as we'll hear later in the show from both NXP Semiconductors (NXPI) - Get Report , which makes chips for autos and the Internet of Things, and home builder Toll Brothers (TOL) - Get Report .
But while both of these stocks are down nearly 25% for the year, others, like Advanced Micro Devices (AMD) - Get Report , whom we'll also hear from later, are up 192% for the year. Cramer said there's still a lot to like about our stock market, including the retail stocks and the cloud kings. The weakness in housing and autos, however, does temper his enthusiasm.
Executive Decision: Advanced Micro Devices
In his first "Executive Decision" segment, Cramer sat down with Lisa Su, president and CEO of Advanced Micro Devices, a turnaround specialist Cramer called "a miracle worker." After trading in the low single digits for almost a decade, shares of AMD are now trading over $30 with a bright future ahead.
Su explained that AMD always had great technology and great assets, it just needed the right strategy and execution to put them to work. She said high performance computing is everywhere, from PCs to gaming to the data center and more. AMD has a total addressable market of $75 billion, she said, which is more than enough room for all of the major players to prosper.
AMD decided years ago to invest in future technologies and not follow the masses into cell phones and tablets, Su continued. It was those decisions that are now paying off big for the company, as their products are highly differentiated and deliver a lot of value for AMD's customers.
When asked, "Who is Lisa Su?," she explained that she grew up in New York, became an engineer, and loves what she does for a living. AMD is in great markets, she added, and this is only the beginning of what's possible.
Cramer and the AAP team are adding to their position in Schlumberger (SLB) - Get Report . It's about timing. 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.
Immune to Trade Troubles?
Cramer reminded viewers that the stock market is an excellent prediction engine, and the recent action in Apple, along with many of the industrials, signals what Cramer's been saying all along. The Chinese have a lot more to lose than we do.
With the U.S. economy so strong, Cramer said consumer can afford to pay a little extra on the goods they buy. But in China, where their market is falling and growth is slowing, they might not be as resilient. As investors finally realize that tariffs are not the end of the world, it might be that the bottom in many of our most beaten down sectors may be close at hand.
Over on Real Money, Cramer talks about what he thinks China's next move could be. Get more of his insights with a free trial subscription to Real Money.
Executive Decision: Toll Brothers
In his second "Executive Decision" segment, Cramer sat down with Doug Yearley, CEO of Toll Brothers, the home builder with shares that are down 24% for the year, despite posting a solid 23-cents-a-share earnings beat three weeks ago that included revenues up 27% year-over-year. Shares of Toll Brothers trade for just eight times earnings.
Yearley explained that despite headwinds of rising interest rates and commodity prices, consumer confidence is up and the housing market remains strong. Mortgage rates are lower now than they were four months ago, he added, and anything below a 5% interest rate is still great for home buyers.
Yearley added that Toll Brothers has an advantage when it comes to buying up great land in great locations, and its strong brand name resonates with home buyers across the nation. In some markets, like California, which makes up 25% of Toll Brothers' business, things are slowing a bit off of what was a red-hot 2017.
So far this year, Toll Brothers has bought back $400 million worth of its own stock, representing 7% of its shares outstanding.
With more people wanting a new home than ever before, Cramer said Toll Brothers is a steal at just eight times earnings.
Executive Decision: NXP Semiconductor
In his last "Executive Decision" segment, Cramer sat down with Rick Clemmer, CEO of NXP Semiconductor, the company that agreed to sell itself in 2016 to Qualcomm (QCOM) - Get Report , only to have the deal ultimately killed by Chinese regulators.
Clemmer said that NXP continues to focus on making autonomous driving safer and is a leading provider of chips for autonomous systems, including being the No. 1 provider of radar systems. When it comes to cars, the U.S. market is not the whole story, Clemmer added. He both both the European and Chinese markets are bigger than the U.S. and are growing faster than the U.S.
Turning to the Internet of Things, Clemmer explained that NXP is also a leader in this space, providing inexpensive test kits for any company that wants to experiment with getting their devices online.
NXP also continues to generate a lot of cash, Cramer said, and the company will aggressively buy back its own shares to reward shareholders.
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At the time of publication, Cramer's Action Alerts PLUS had a position in SLB, AAPL, RTN.