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Santa Rally?: Cramer's 'Mad Money' Recap (Tuesday 12/15/20)

Jim Cramer says holiday joy abounds as the wagerers move up stocks with their buying. How will this play out?
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This is not your typical Santa Claus rally, Jim Cramer told his Mad Money viewers Tuesday. Between vaccines, increased testing and a potential stimulus bill in Washington, Cramer said investors aren't too bullish, they're probably not being bullish enough.

With Pfizer's  (PFE) - Get Pfizer Inc. Report vaccine being distributed, Moderna's  (MRNA) - Get Moderna, Inc. Report receiving approval and Johnson & Johnson's  (JNJ) - Get Johnson & Johnson Report not far behind, Cramer made the bold prediction that the U.S. may soon have a glut of vaccines, instead of a shortage. Add to that today's FDA approval of the first at-home COVID-19 test and the possibility of a stimulus package in Washington now that the election may finally be behind us, and Cramer said there's a lot to like in this stock market.

While there are still many crosscurrents on Wall Street, Cramer said the prevailing wind will soon be betting on a booming economy, one where the restaurants, retailers, travel and leisure stocks and the industrials might all be rallying. What's the best way to play this rally? Cramer said it's with Apple  (AAPL) - Get Apple Inc. Report, the tech giant that reportedly just boosted iPhone production in a big way to be ready for growing demand in 2021.

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Executive Decision: Avantor

In his first "Executive Decision" segment, Cramer spoke with Michael Stubblefield, president and CEO of Avantor  (AVTR) - Get Avantor, Inc. Report, a global provider of products and services for the life sciences industry.

Stubblefield said science is on display in a big way now that COVID vaccines are being distributed. The sophisticated technologies used to produce these vaccines at a global scale have never been done before, he said, and they require ultra-pure materials like those Avantor produces. Everyone has worked around the clock to create these vaccines and everyone will continue that pace until the world has been vaccinated.

Stubblefield added that Avantor's order book has more than doubled in recent months, but not just because of COVID. He said the mRNA technologies used in the vaccine are also being used to develop new treatments and cures for all sorts of other diseases, including Alzheimer's.

Cramer said Avantor is a critical supplier throughout all of the life sciences industry and needs to be a part of your portfolio.

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Executive Decision: Lululemon Athletica

For his second "Executive Decision" segment, Cramer spoke with Calvin McDonald, CEO of Lululemon Athletica  (LULU) - Get Lululemon Athletica Inc Report, the athletic apparel maker with direct-to-consumer sales that now account for 43% of their business. 

McDonald said he's excited for Lulu's future and the company is still in the early innings of their growth. He noted that they had a lot of momentum going into 2020 and once the pandemic hit, it only accelerated the trend toward a more active lifestyle and the desire for versatile apparel. Lulu continues to focus on product innovation, McDonald added.

McDonald was also bullish on Lulu's prospects in China. He said they are ending the year with 45 locations in China and between stores, local ambassadors and online sales, Lulu is off to a great 2021.

Finally, McDonald commented on their acquisition of the at-home gym provider, Mirror. He said they expect $150 million in revenue from Mirror, a company that's only two years old. Lulu currently promotes Mirror in just 18 of its stores but will highlight the products and services in hundreds of stores next year.

Executive Decision: RingCentral

For his final "Executive Decision" segment, Cramer checked in Vlad Shmunis, chairman and CEO of RingCentral  (RNG) - Get RingCentral, Inc. Class A Report, the video conferencing and communications platform that's at the heart of our COVID world.

Shmunis said RingCentral's mission is not about competing with the likes of Zoom Video  (ZM) - Get Zoom Video Communications, Inc. Class A Report or Microsoft  (MSFT) - Get Microsoft Corporation Report Teams, it's providing their customers with a complete communications platform that works for today's world. RingCentral has strong partnerships around the globe, he said, from AT&T  (T) - Get AT&T Inc. Report, to Vodafone  (VOD) - Get Vodafone Group Plc Report to British Telecom and beyond.

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When asked about the effects of the pandemic, Shmunis noted that they're already looking beyond the work-from-home trend to what's coming next in 2021, which will be a hybrid working model. Employees will be working from home, the office and other locations and will need flexible, mobile solutions they can use from anywhere. Those will be the solutions that RingCentral provides.

The Route for Retail

In his No-Huddle Offense segment, Cramer said once enough people are vaccinated, the world can finally go back to normal. When that happens, we'll finally know which of our pandemic behaviors are here to stay. Case in point, direct-to-consumer or DTC retail.

Cramer said when you hear that Lululemon has 43% of its sales from e-commerce and companies like Williams-Sonoma  (WSM) - Get Williams-Sonoma, Inc. Report has over 70% from online sales, it's time to sit up and take notice. Why go to the store for simple items when they can be delivered right to your home? Cramer said we all know our shoe size, so he's expecting big online sales numbers from Nike  (NKE) - Get NIKE, Inc. Class B Report when it reports later this week as well.

There are a number of winners from this trend, from Amazon  (AMZN) - Get, Inc. Report to Walmart  (WMT) - Get Walmart Inc. Report to Costco  (COST) - Get Costco Wholesale Corporation Report, but Cramer said he likes Target  (TGT) - Get Target Corporation Report, which acquired Ship to bolster its direct-to-consumer efforts.

Lightning Round

Here's what Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Tuesday evening:

Toyota Motor  (TM) - Get Toyota Motor Corp. Report: "I really like that stock. It's a great one to own."

Uber  (UBER) - Get Uber Technologies, Inc. Report: "Let the stock cool off a little. Let's wait until $46 a share."

Home Depot  (HD) - Get Home Depot, Inc. Report: "I think the world of Home Depot but my money is on Lowe's  (LOW) - Get Lowe's Companies, Inc. Report."

Sirius XM Radio  (SIRI) - Get Sirius XM Holdings, Inc. Report: "I think it's terrific and I'm not backing away."

Dycom Industries  (DY) - Get Dycom Industries, Inc. Report: "This one is terrific. I'm willing to buy right here."

Greenwich LifeSciences GLSI: "No. I'm not sure how good that one is."

Triterras TRIT: "I've been a big fan of bitcoin. I'd stick with this one."

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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, AMZN, COST, MSFT.