Jim Cramer's 'Mad Money' Recap: Why Today Was a Rare Market Day

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Today was a rare day in the stock market, Jim Cramer told his Mad Money viewers Wednesday, one where the old economy and the new economy were both able to rally at the same time. But don't get used to it, he cautioned. Earnings will be upon us again soon and will likely disprove at least some of today's euphoria.

Cramer said the old economy was once again controlled by the price of oil, and with oil prices up and inventories down, investors were snapping up stocks like Caterpillar (CAT) , up 2.1%, Boeing (BA) , 1.8%, and Union Pacific (UNP) , up 1.9% to new yearly highs. What do all three of these stocks have in common? They all rose on no news, just a willingness of investors to pay more.

Then there's the other economy, the technology economy, where secular trends like machine learning and artificial intelligence are at the helm, trumping fears over interest rates and even election jitters. That's why stocks like Amazon.com (AMZN) hit another all-time high today, as investors just cannot get enough tech in their portfolios.

But be careful, Cramer warned. Earnings are once again looming, and the facts might not back up some of these rosy outlooks.

Executive Decision: Rob Sands

For his "Executive Decision" segment, Cramer spoke with Rob Sands, president and CEO of Constellation Brands (STZ) , the wine and spirits maker which just posted a monster 12-cent-a-share earnings beat.

Sands touted his company's recent acquisition of High West as another driver of growth and the brand has momentum and will receive a jump-start with Constellation's management and distribution network.

Sands was also bullish on beer, noting that Constellation accounted for 60% of the growth in beer this summer, a clear indication the company is gaining share in the market.

When asked about the changing tastes of consumers, Sands said consumers are moving up to move expensive brands and in many cases quality dictates prices, so Constellation is able to charge more for those higher-end wines and liquors.

Cramer said he remains a fan of Constellation.

Executive Decision: Marc Benioff

In his second "Executive Decision" segment, Cramer sat down with Mark Benioff, CEO of Salesforce.com (CRM) , at the company's annual Dreamforce conference in San Francisco.

Benioff said Dreamforce is a family reunion, where all Salesforce's customers get together to learn and celebrate the accomplishments of the year.

When asked about the rumors Salesforce is interested in acquiring Twitter (TWTR) , Benioff explained that Salesforce is an innovation company and innovation can come organically or via acquisition. Every year, Salesforce looks at many deals, he said, but completes very few.

That's why Benioff said he's most excited about his company's efforts in machine learning, which will allow customers to add artificial intelligence into their apps and not need a data scientist to do it.

Benioff also commented on earlier statements he made regarding Microsoft's (MSFT) acquisition of LinkedIn. He said data is the new currency and Microsoft is being aggressive in its use of LinkedIn's customer data.

Executive Decision: Mark McLaughlin

In his third "Executive Decision" segment, Cramer sat down with Mark McLaughlin, chairman and CEO of Palo Alto Networks (PANW) , the cyber security company with shares that are lower by 8% for the year despite security continuing to be a high priority for most companies.

McLaughlin said that unfortunately, cyber attacks are going to be with us forever, so it's important to remember that while you can't prevent attacks from happening, you can prevent attacks from being successful, which is what Palo Alto aims to do.

The cyber security business is evolving, McLaughlin noted. Companies quickly learned that buying one product to fix one problem leads to a lot of products that don't talk to one another and increases complexity. That's why all inclusive products, like the Palo Alto platform, are becoming so valuable. Palo Alto partners with companies like Proofpoint (PFRT) , which were featured just last night on Mad Money.

McLaughlin also noted that Palo Alto is also moving more toward services. A full 65% of the company's billings are now service based.

Cramer called Palo Alto the best of breed in an industry that's growing like wildfire.

Lightning Round

In the Lightning Round, Cramer was bullish on GasLog (GLOG) , MGM Resorts (MGM) and Honeywell (HON) .

Cramer was bearish on Diebold (DBD) .

Chris Sacca on Silicon Valley

In a special interview, Cramer sat down with venture capitalist Chris Sacca for an update on the hot topics in the Silicon Valley.

Sacca first commented on Shark Tank, a show where he regularly appears. He said the show is very real and the entrepreneurs featured have a lot of hustle and have beaten out thousands of other applicants. When you see sharks fight on the show, Sacca said those fights are also real.

Turning to the upcoming election, Sacca said he wants to see low interest rates, available capital, limited regulations, more broadband access and more STEM education in our country. Which, if any, candidate will deliver on any of those promises is yet to be seen.

Sacca added that thanks in part to the tech industry, America's chief export is now the American dream. Entrepreneurs around the globe know that their best chance of making it big is to be here in America and we as a country need to encourage more companies to be founded here.

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 no position in stocks mentioned.

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