Jim Cramer, portfolio manager of TheStreet's Action 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, including Amazon (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 Report) is 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.