The stock market's leaders have no followers, Jim Cramer told his Mad Money viewers Tuesday, and without more followers, it will be very hard for stocks to continue to rally.
Among the biggest winners today were the tech stocks, Cramer said, with names like Amazon (AMZN) - Get Report and Netflix (NFLX) - Get Report extending their gains. Coupa Software (COUP) - Get Report also surprised the markets with strong earnings, news that sent shares soaring 8.7% by the close.
Retail was also on fire in today's session, with Macy's (M) - Get Report up 7.9%, Kohl's Stores (KSS) - Get Report gaining 4.7% and Burlington Stores (BURL) - Get Report tacking on another 2.5% to extend its gains from $90 to $155 a share.
But beyond these two groups, Cramer said, there wasn't much else that was working and that's a troublesome sign.
The financials should be big winners with strong employment, but investors appear to be waiting for even higher interest rates. Cramer said it's ridiculous that JPMorgan Chase (JPM) - Get Report trades for just 11 times earnings and Goldman Sachs (GS) - Get Report for just 9.5 times. The drug stocks, health insurers, the transports and even the consumer staple stocks are also sitting on the sidelines.
Without more names participating in this rally, it won't be a rally for long, Cramer concluded.
Over on Real Money, Cramer says he's looking for signs of stability away from tech before he feels compelled to buy. Get more of his insights with a free trial subscription to Real Money.
Executive Decision: Palo Alto Networks
In his first "Executive Decision" segment, Cramer spoke with Mark McLaughlin, the outgoing chairman and CEO of Palo Alto Networks (PANW) - Get Report , as well as with Nikesh Arora, the company's incoming CEO.
McLaughlin said that Palo Alto continues to do well, with 30% revenue growth, but as they look to what's next, they will need experience in the cloud, analytics, machine learning and predictive security -- all things that are strengths for Arora.
Arora, formerly of Alphabet (GOOGL) - Get Report , said that we're still early in the cloud revolution and the need to secure our digital future was too exciting an opportunity for him to pass up. Palo Alto is a leader in the space, he said, and that will only continue in the future.
McLaughlin noted that Palo Alto takes customers from the competition every quarter and the win rates are always high. He will be staying on with the company as a vice-chairman.
From Seeds to Birds
In his "No-Huddle Offense" segment, Cramer opined on the upcoming change to the S&P 500 and its generational significance. Seed-maker Monsanto (MON) will soon be leaving the S&P, replaced by social media giant Twitter (TWTR) - Get Report .
Cramer said for the older generation, Monsanto was a symbol of better living through technology. But today, the genetically altered foods run smack in the face of the natural and organic trend.
Twitter on the other hand, is viewed as Monsanto used to be: a tool for the future. The stock has had an amazing run, up 118% over the past year, and with presidential tweets happening daily, it's hard to imagine a time when we lived without it.
Cramer and the AAP are talking another strong day for tech stocks. 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.
Executive Decision: Wyndham Destinations
In his second "Executive Decision" segment, Cramer sat down with Michael Brown, CEO of Wyndham Destinations (WYND) - Get Report , the time-share arm of Wyndham Worldwide, which recently spun off Wyndham Hotels (WH) - Get Report , a segment that was featured on Monday's Mad Money.
Brown said that Wyndham is now a pure-play on vacation time-share destinations, an industry that's as strong as ever. Today's vacationers want space, amenities and consistency, he said, and Wyndham caters to the everyday traveler, which is the market's biggest segment.
In addition to allowing customers to lock in future vacations at today's rates, Wyhdham also sees big opportunities in the secondary markets when timeshare owners decide to make their exits.
When asked about their balance sheet, Brown said his company will be making modest debt repayments, but also returning cash to shareholders via a $1.64 a share dividend and through stock buyback programs.
Cramer said investors looking for a company that's unlocking value should consider Wyndham Destinations.
Executive Decision: Medtronic
Ishrak said that Medtronic was founded in 1950 with the original pacemaker, a Walkman-sized device that was worn on your belt. Today, the company is debuting the Micra pacemaker, a device the size of a bullet, which can be inserted directly in the heart via catheter. The battery on the device lasts 10 years, he said, and the patient can leave the hospital immediately after the procedure.
Medtronic is using similar technology to stimulate the spine and manage chronic pain. Ishrak said this technology is in the early stages of deployment and has a bright future.
Finally, Ishrak spoke about their diabetes management systems, which include implanted insulin pumps and monitors that can act was an artificial pancreas to automate management of the disease. Medtronic currently has 70,000 patients, Ishrak noted, and this is among their fastest growing products.
In the Lightning Round, Cramer was bullish on Dropbox (DBX) - Get Report , Kohlberg Kravis Roberts (KKR) - Get Report , Nektar Therapeutics (NKTR) - Get Report , Hasbro (HAS) - Get Report , The Blackstone Group (BX) - Get Report , Edwards Lifesciences (EW) - Get Report and Citigroup (C) - Get Report .
How to Stay Ahead of This Market: TheStreet's Scott Gamm recent sat down with top market strategists from Bank of America (BAC) - Get Report , Fisher Investments, Invesco and Wells Fargo (WFC) - Get Report . Click here and register to watch a free roundtable in which they lay out their best advice.
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At the time of publication, Cramer's Action Alerts PLUS had a position in AMZN, KSS, JPM, GS, GOOGL.