Jim Cramer, portfolio manager of TheStreet'sAction Alerts PLUS and host of CNBC's "Mad Money," sees a selective Santa Claus rally on Wall Street this year. He said that stocks that have been strong all year will continue to rally, includingAmazon (AMZN) - Get Report and Google (GOOGL) - Get Report .
Cramer also commented on Disney's (DIS) - Get Report recent announcement that it lost millions of ESPN subscriptions, saying he wouldn't sell the stock on that news, but added that investors could sell the stock as a trade ahead of the release of the new Star Wars movie.
Cramer was asked if Nike (NKE) - Get Reportis approaching its top. He responded that Nike and Starbucks (SBUX) - Get Report are stocks investors will want to show that they own at the end of the year.
Cramer was asked about several water management companies, including Middlesex Water (MSEX) - Get Report , American States Water (AWR) - Get Report , American Water Works (AWK) - Get Report and Aqua American (WTR) - Get Report . But Cramer said he wasn't a big fan of those stocks, and there are better industries in which to invest.
Cramer answers viewers' questions from social media in a daily segment with TheStreet TV. He takes questions on Facebook (FB) - Get Report and on Twitter (TWTR) - Get Report . Contact him @JimCramer on Twitter, and send questions with the hashtag #CramerQ.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS was long ETP, FB, GOOGL, SBUX and TWTR.