When you get into the weeds of this market, you see a lot more losers than you do winners, Jim Cramer told his Mad Money viewers Thursday. From far away, you only see the giant winners, like Apple (AAPL) - Get Report, Amazon (AMZN) - Get Report and Tesla (TSLA) - Get Report. But when you take a closer look, you find Ford (F) - Get Report, General Motors (GM) - Get Report and American Airlines (AAL) - Get Report.
In the COVID-19 economy, there are a few digital winners and then there's everyone else, Cramer said. And that's not to mention the countless small businesses that aren't even represented by the stock market.
When you look closely, you see the breadth of the decline, Cramer said. Everything from cruise lines to airlines to pipelines are lower for the year along with the oil stocks, restaurants, retail, REITs and all of the banks. That's why it's pointless to be debating the shape of the recovery, because every industry is being hit differently. Those working for Norwegian Cruise Line Holdings (NCLH) - Get Report or Occidental Petroleum (OXY) - Get Report may never see their jobs return, while those at retailers like Kohl's (KSS) - Get Report must transition quickly online in order to survive.
Most of our economy desperately needs more stimulus, Cramer concluded, but unfortunately, by the time that stimulus arrives, it may already be too late.
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Working From Home Is Here to Stay
Working from home is not a fad, it's the new way of doing business, Cramer told viewers, commenting on yesterday's decision by Salesforce.com (CRM) - Get Report to extend their work-from-home policy until June 2021. Working at home has implications for our economy, Cramer continued. Many investors feel these trends are fads, but they're rapidly becoming serious opportunities.
What's different in our new at-home economy? Well, it's speeding up many people's decision to flee crowded cities for more rural settings. It's also increasing the popularity of Zoom Video (ZM) - Get Report while simultaneously hurting the airlines who now lack business travelers.
Cybersecurity is paramount in our new world, Cramer said, as is the need for great food at home. Office REITs will be feeling more pain, he said, while home furnishing providers, like last night's interview with At Home Group (HOME) - Get Report, are doing well.
Executive Decision: Ping Identity
In his first "Executive Decision" segment, Cramer spoke with Andre Durand, CEO of Ping Identity (PING) - Get Report, the identity management provider helping to keep our work-from-home economy safe from hackers.
Durand explained that Ping provides tools and technology for enterprises to better serve their customers. Knowing who you're dealing with is a universal need, he said, and in today's world, where everything is being done online, that need is greater than ever. Ping helps secure everything and everyone, Durand said, including financial transactions, telemedicine and distance learning, just to name a few.
Ping is helping companies move to a new paradigm, Durand said. Instead of entering countless passwords, users can now authenticate once and have access to everything they need. This allows people to work from anywhere and completely redefines the concept of a firewall that keeps the good guys in and the bad guys out.
Executive Decision: Akamai Technologies
For his final "Executive Decision" segment, Cramer checked in with Tom Leighton, co-founder and CEO of Akamai Technologies (AKAM) - Get Report, the edge computing provider that's celebrating its 22nd anniversary.
Leighton explained that Akamai servers currently operate in over 4,000 locations in the U.S., close to consumers, so companies can deliver fast, secure and reliable services no matter where they are. In industries like banking, commerce and streaming, Akamai is more important than ever and will be more important as 5G wireless becomes mainstream.
Akamai is constantly investing in new technologies and capabilities, Leighton added, including security and IoT applications. He said the Internet of Things operates with different protocols and paradigms and Akamai has the expertise to make them successful without clogging up the pipes of the Internet.
With 30% earnings growth and 32% operating margins, Cramer said Akamai is a buy.
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Nvidia's no Dog
Cramer's long been a fan of Nvidia, an Action Alerts PLUS holding. He even went as far as to name his dog after the company. Now, with shares up 106% for the year, Cramer said Nvidia is still a buy.
Nvidia is to this decade what Intel (INTC) - Get Report was to the 1990s, Cramer explained, the company that's ushering in the new order of technology. Nvidia doesn't make chips for PCs, it makes the chips that power our data centers, advance artificial intelligence and machine learning and drive the most photorealistic gaming and simulations we've ever seen.
Despite strong earnings, raised guidance and a host of price target bumps by analysts, the market still sold Nvidia after the company reported. Cramer said the investors who bought that dip were smart, as shares quickly recovered. That's why he'd use any weakness to keep buying, as the best days of Nvidia are still ahead.
Here's what Jim Cramer had to say about some of the stocks that callers offered up during the Mad Money Lightning Round Thursday evening:
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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, AMZN, NVDA.