Main Street needs a stimulus bill, but Wall Street will do just fine without one, Jim Cramer told his Mad Money viewers Thursday. Cramer reminded viewers that there's always a bull market somewhere and in this market, there are mini-bull markets almost everywhere.
The biggest bull market is in housing, Cramer said, where home builders like Toll Brothers (TOL) - Get Toll Brothers, Inc. Report and Lennar (LEN) - Get Lennar Corporation Class A Report can't build homes fast enough to meet demand. That means everything that goes into a home, from tools by Stanley Black & Decker (SWK) - Get Stanley Black & Decker, Inc. Report to furniture from Herman Miller (MLHR) - Get Herman Miller, Inc. Report to everything sold at Home Depot (HD) - Get Home Depot, Inc. (HD) Report is a buy.
There is a bull market in home entertainment. Cramer recommended Best Buy (BBY) - Get Best Buy Co., Inc. Report, Roku (ROKU) - Get Roku, Inc. Class A Report and Netflix (NFLX) - Get Netflix, Inc. (NFLX) Report. Zoom Video (ZM) - Get Zoom Video Communications (ZM) Report and Salesforce.com (CRM) - Get salesforce.com, inc. Report topped his list of stocks to buy in the remote working bull market.
Still other bull markets included restaurants, where the last men standing are likely to be Wendy's (WEN) - Get Wendy's Company Report, McDonald's (MCD) - Get McDonald's Corporation (MCD) Report and Chipotle Mexican Grill (CMG) - Get Chipotle Mexican Grill, Inc. Report. Cramer was bullish on parts of apparel after Levi Strauss (LEVI) - Get Levi Strauss & Co. Class A Report posted strong earnings. He also called out strength in used cars, packing , agriculture, chemicals and railroads like Norfolk Southern (NSC) - Get Norfolk Southern Corporation Report and Union Pacific (UNP) - Get Union Pacific Corporation Report.
None of these groups need a stimulus package to thrive, Cramer concluded. Unfortunately, that can't be said for the rest of our economy.
Cramer and the AAP team are looking at everything from earnings and tariffs to the Federal Reserve. 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.
Don’t miss Cramer’s best, every day, with fast, actionable strategies: StreetLightning.
Executive Decision: Domino's Pizza
In his first "Executive Decision" segment, Cramer spoke with Rich Allison, CEO of Domino's Pizza (DPZ) - Get Domino's Pizza, Inc. Report, the pizza chain that saw its shares plunge 6.9% after reporting a strong quarter with lighter-than-expected earnings. Shares of Domino's are up 37% for the year.
Allison said he was very pleased with Domino's 17.5% same-store sales growth, but admitted that it is more expensive to operate a restaurant in a COVID-19 world. He said personal protective equipment, additional cleaning measures and an increase in cheese prices all led to lower earnings.
Outside of the uptick in expenses, Allison painted a bullish picture for Domino's. He said in markets where they were allowed to be open, demand has been strong and new items, like their chicken taco and cheeseburger pizzas, have rocketed to the top of their sales charts. He said customers appreciate other innovations, like contactless delivery, made possible by their new pizza pedestal.
Domino's also continues to embrace technology. Allison noted that adding GPS locations for their drivers allows stores to run even more efficiently. Now store staff can walk deliveries right to their drivers as soon as they arrive, rather than having drivers park their cars and walk inside to pick up their orders.
Executive Decision: Marvell Technologies
For his second "Executive Decision" segment, Cramer spoke with Matt Murphy, president and CEO of Marvell Technology Group (MRVL) - Get Marvell Technology Group Ltd. Report, the semiconductor maker that just completed its annual briefing with analysts.
Murphy said that Marvell has undergone a remarkable transformation over the past few years, evolving from a hard disk and storage provider into one that has a foothold in the three hottest areas of tech, 5G wireless, the cloud and automotive. Marvell sees a total market of $110 billion, he said, but currently only addresses $20 billion of that potential.
When it comes to automotive, Murphy said that Marvell works with 24 OEM partners, all of which appreciate his company's expertise in processors, storage and networking. He was also bullish about the coming 5G wireless revolution, which will improve network latency 20 times over current 4G technologies.
As for the cloud, Murphy said that the pandemic has drastically accelerated the digital transformation plans of just about everyone and the need for data center performance has never been greater.
On Real Money, Cramer keys in on the companies and CEOs he knows best. Get more of his insights with a free trial subscription to Real Money.
Can Fisker Run?
Back on Sept. 25, Cramer commented on Spartan Energy Acquisition (SPAQ) - Get Spartan Energy Acquisition Corp. Class A Report, a special purpose acquisition company that will soon be merging with Fisker Automotive. Cramer told viewers to avoid this highly speculative venture that won't actually be producing vehicles until 2022. However, after the company appointed Bill McDermott, formerly of ServiceNow (NOW) - Get ServiceNow, Inc. Report to its board of directors, Cramer decided to give Fisker a second look.
Cramer admitted that Fisker's CEO is indeed a visionary and designs great-looking cars. The company's first vehicle in 2011, the Karma, was significant, he said. But even if you buy into the bull thesis for the company, it's just way too early, and risky, to buy the stock.
Fisker plans to outsource its manufacturing, Cramer noted, the same process that led to battery fires and recalls of the original Karma. The company also plans to build 150,000 vehicles by 2024, its second year of manufacturing. This milestone took Tesla six years of manufacturing to achieve. Fisker also plans to have higher margins than Tesla, numbers that Cramer said simply don't add up.
Cramer said that Fisker does have a beautiful prototype with the Ocean, which already has 7,000 pre-orders, and unlike Nikola (NKLA) - Get Nikola Corp. Report, that prototype actually runs. But even if you believe the best-case scenario, Fisker won't have any sales until the end of 2022.
Outlook for Oil Stocks
In his No-Huddle Offense segment, Cramer said the oil stocks may be un-investable, but that doesn't mean they're un-tradable, especially as crude oil is poised to make another run over $40 a barrel.
The long-term outlook isn't bright for fossil fuels, Cramer said. The problem isn't demand, which is beginning to pick up, it's supply. Every time oil prices rise, oil producers turn on the spigot to take advantage. Once upon a time, OPEC was able to curb this behavior, but with the U.S. now among the world's largest oil producers, OPEC is irrelevant.
For those who must invest in oil, Cramer said he likes the safe dividend at Chevron (CVX) - Get Chevron Corporation Report and the growth at Parsley Energy (PE) - Get Parsley Energy, Inc. Class A Report.
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:
Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.
At the time of publication, Cramer's Action Alerts PLUS had a position in CRM.