If there's one thing to admire about this market, it's the resiliency of so many individual stocks, Jim Cramer told his Mad Money viewers Tuesday. There are so many companies that should be getting hammered, but they only continue to rally.
With all of the reports that Boeing (BA) - Get Report is losing orders for its 737 Max, you'd think this stock would be cratering. But instead, shares are up 18% for the year, including 1.6% today. Shares of Nike (NKE) - Get Report have been rebounding from their March lows, as has Caterpillar (CAT) - Get Report .
Cramer said he continues to be amazed at the strength in Five Below (FIVE) - Get Report and in semiconductor makers like Western Digital (WDC) - Get Report and Micron (MU) - Get Report . He was also bullish on DowDuPont as that company continues its separation plans, and even on Facebook (FB) - Get Report , the Action Alerts PLUS holding that seems to never go lower no matter how negative the news of the day.
Executive Decision: IBM
Schroeter said that while IBM is focused on growth, it's also focused on growth in the right places. That includes areas like the cognitive cloud and their global technology services (GTS) segments, both of which are seeing rising gross margins.
When asked about their recent sponsorship of the Masters golf tournament, Schroeter explained that IBM's security team monitors threats constantly, and was able to protect the tournament against numerous risks.
Regarding the acquisition of Red Hat (RHT) - Get Report , Schroeter said he expects the deal to close next quarter and the leadership team at Red Hat will continue to run that business. He noted that Linux is No. 1 in the data center and Red Hat is No. 1 one in Linux. He said he's excited for what the company can do in this space.
Off the Charts: Alphabet, Snap, Alibaba
In the "Off The Charts" segment, Cramer checked in with colleague Bob Lang over the charts of three tech giants, Alphabet (GOOGL) - Get Report , Snap (SNAP) - Get Report and Alibaba (BABA) - Get Report .
Lang first looked as a daily chart of Alphabet, introducing viewers to a new metric, Ichimoku Clouds, which shows the average range of a stock and its bullish or bearish trends. The Ichimoku signaled strength ahead, as did the stock's inverse head-and-shoulders pattern. This momentum was confirmed by the stocks' Chaikin money flow and MACD momentum indicators.
Lang saw bullish patterns in Snap as well, as this stock has exploded higher from its December lows, more than doubling in 2019 on increasing volume. Lang felt $20 a share was possible for Snap.
Finally, Lang noted that Alibaba, too, has been a powerhouse since its December lows, also seeing strong MACD and relative strength indicators signaling that the 2019 rally is likely to continue.
Executive Decision: Banco Santander
Botin explained that Santander has 144 million customers around the globe and operates in 10 of the largest markets in Europe. Santander is also a major player in the Latin and South American markets, where 50% of the population still doesn't have access to adequate banking services. Over the past three years, the bank has returned over $12 billion to shareholders via the company's dividend.
When asked about Brexit, Botin reassured investors that the event will not be the end of Europe. She said that, in fact, there are many integrations that the U.K. was never going to be a part of, and once separated, those integrations will only move faster.
Finally, when asked about her career, Botin explained that she got her start by spending eight years on Wall Street before joining Santander in 1990. The bank looks forward to further expansion in the U.S., where it currently only operates in the Northeast.
Trucking and the Real Economy
In his "No-Huddle Offense" segment, Cramer said investors can finally put their overheated economy fears to rest by listening to the J.B. Hunt (JBH) conference call.
On the call, Hunt's management saw a sharp decline in intermodal freight, with volumes not rebounding in March after a weaker January and February. Cramer said these declines are evidence that the Federal Reserve should be cutting interest rates and not raising them. Falling freight costs will be a boon, however, for retailers, which have been seeing rising freight costs for years.
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At the time of publication, Cramer's Action Alerts PLUS had a position in HD, FIVE, DWDP, FB, GOOGL.