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NEW YORK ( TheStreet) -- It's hard to hate a market that's making so many new highs, Jim Cramer told his "Mad Money" TV show viewers Monday as he recapped the day's action on Wall Street. Cramer said with so many diverse stocks on the 52-week and all-time high lists, there's just too many good things to ignore. Among those on the all-time high list catching Cramer's attention were TJX Stores ( TJX), which is having a heyday buying unsold inventory from other failing retailers, and Cigna ( CI), which is benefiting from ever-rising HMO costs. Cramer also noted that Cabot Oil & Gas ( COG) continues to grow its production and remains a takeover candidate. Still others making the list include Amgen ( AMGN), which jump-started its growth by buying Onyx Pharmaceuticals ( ONXX); Lockheed Martin ( LMT), a defense stock that seems totally unfazed by the sequester; and Viacom ( VIA), which continues to be bought up by mutual fund managers. Then there are those stocks on the 52-week high list, said Cramer, including FedEx ( FDX), Dollar General ( DG) and Netflix ( NFLX), along with Dow Chemical ( DOW) and Wynn Resorts ( WYNN). Cramer said all of these stocks are rallying for different reasons, an eclectic mix that makes for one powerful rally.
Tesla in the Driver's SeatWhy is the stock of Tesla Motors ( TSLA) has been taking off like a rocket? Was it the positive reviews and awards the company's won? Was it the fact that Tesla owners just can't stop raving about their cars? Of course not. Cramer said there's only one reason why Tesla shares have been soaring since May and that's because the company blew away the numbers. Cramer said there were three things "known" to be true going into Tesla's last earnings call. First, the company was losing a fortune due to supply problems. Second, there was no real demand for its cars outside of a few enthusiasts. Third, Tesla would need a boatload of new financing to stay afloat. In reality, Tesla announced it didn't lose money, it made $15 million in profit. It also increased its production to 21,000 vehicles for 2013. Then there were the higher margins and labor improvements that Wall Street never saw coming, along with Tesla announcing that it's stepping up its showroom growth by 50% to meet growing demand.
Tesla also let investors know the number of people who test drive the car and then actually buy one was far better than expected and the company was able to start offering financing for the first time, dramatically expanding its addressable market. If all that wasn't enough, foreign demand is ramping up. But perhaps the biggest surprise on the conference call was the fact that capital spending is ramping down, not up, and Tesla is not planning to raise more funding. All this great news was simply too much for Wall Street to take, said Cramer. With so many shares sold short, there's simply not been enough stock to go around to satisfy demand. When demand outstrips supply, prices go up. It's as simple as that, Cramer concluded.
Being Sure of Software Security StocksIt's time to take a second look at software security stocks, Cramer told viewers. He said these stocks have been beaten down hard over the past 12 months thanks to the global economic malaise, but with cloud computing continuing to soar in popularity software security has never been more important. Cramer said with Cisco's ( CSCO) recent security acquisition and Hewlett-Packard ( HPQ) CEO Meg Whitman also stating she's interested in this space, the time is now to get in ahead of any additional takeovers. There are only three software security pure plays, noted Cramer, and a rising tide should lift all of these boats. He said Checkpoint Systems ( CKP) trades at 17 times earnings, although the company's software seems to have lost some of its luster, making it his least favorite. Then there's Fortinet ( FTNT), which has been struggling to fight the economic weakness. Cramer said this company can deliver the goods and convince Wall Street that the turn is at hand. But Cramer's favorite among the group is Palo Alto Networks ( PANW), a stock he liked at its IPO for a 71% gain but then advised selling just before the stock pulled back to nearly its IPO price. Cramer said it's once again time to buy this stock -- it has got the best growth of the three; investors will not only value it the highest, but will also make it a prime takeover candidate.