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No matter what the outcome of this election, we'll deal with it, Jim Cramer told his Mad Money viewers Tuesday, as he sought to quiet the fears many investors have about the upcoming results.
Sure, the election could be another big, bad event for the markets, Cramer admitted, but it's also manageable one just like all of the others.
Cramer was around during the hyper-inflation of 1979 and the market survived. He was there for the crash of 1987 and the market survived. Since then, the market has survived all sorts of crises, big and small, from the Great Recession to Brexit, and during all of them, there were winning stocks and losing stocks and lots of stocks in between.
No matter who wins, we'll find things to buy and things to sell, Cramer said, and if the results are contested, we'll figure out a game plan for that as well.
Tonight's results just aren't that dire in the grand scheme of things, Cramer concluded, which is why he'll be back to picking great stocks or winning companies again tomorrow.
Off The Charts
In the "Off The Charts" segment, Cramer checked in with colleague Bob Lang to see how the stock market might behave after the last votes have been counted.
Cramer noted that the markets haven't just been fretting about the election, they've also been glued to the price of oil and what the Federal Reserve is likely to do in December. The last time the Fed raised rates, the markets fell by 8%.
But setting oil and the Fed aside, history appears to be on the side of the bulls, as the markets have risen 75% of the time after elections, and overall, November and December are seasonally strong months.
But Lang threw cold water on the history, noting that the daily S&P 500 chart shows the index testing its 200-day moving average and rallying only with weak volume. The Chaikin Money Flow has also been negative since October, a signal that the big boys are selling.
Turning to oil, Lang said the chart of West Texas Intermediary crude could fall back to its August lows after also testing its 200-day moving average recently.
Finally, Lang looked at the volatility index, or VIX, also often referred to as the fear gauge. It's been spiking in recent weeks.
Add these factors together, and both Cramer and Lang agreed that investors should be cautious going into the end of the year.
Post-Election Playbook: Lockheed Martin
Hillary Clinton and Donald Trump may not agree on much, but Cramer said no matter who the candidate, no one wants to look weak on defense. That's why for the first installment of his "Post-Election Playbook," Cramer looked at the defense stocks.
Cramer noted that both Trump and Clinton have pledged to end the sequester and boost defense spending, and that's great news for the likes of Lockheed Martin (LMT) , which recently posted strong earnings and is transforming itself through a series a smart acquisitions and spin offs. The company also sports a solid 3% yield.
Cramer was also bullish on Northrop Grumman (NOC) , the aerospace and missile system company that also specializes in military drones.
Cramer said investors aren't likely to be hurt by having either of these companies in their portfolios.
Vulcan Materials, Martin Marietta
In the second installment of his "Post-Election Playbook," Cramer turned his sights to infrastructure, another sector likely to flourish no matter who wins the election. Hillary Clinton has pledged $500 billion in infrastructure spending over the next five years, while Donald Trump proposes $1 trillion over the next 10 years.
Cramer said that's great news for the likes of Vulcan Materials (VMC) and Martin Marietta Materials (MLM) , which are already up 26% and 48% for the year respectively, after the first fully funded federal highway bill was passed in what seems like ages.
While shares of Vulcan Materials initially sank after the company missed on its most recent earnings, Cramer noted that they have come roaring right back as investors have seen the long-term trajectory. Martin Marietta, our nation's No. 2 aggregate supplier, shares in the same trends as Vulcan, and also has the added benefit of its Texas Industries acquisition for $3 billion.
In the Lightning Round, Cramer was bullish on Ollie's Bargain Outlet (OLLI) , Walmart (WMT) , Six Flags (SIX) , Cedar Fair (FUN) , Broadcom (AVGO) , FedEx (FDX) , Gilead Sciences (GILD) , Cypress Semiconductor (CY) , Sysco (SYY) , Halliburton (HAL) and Schlumberger (SLB) .
No Huddle Offense
In his "No Huddle Offense" segment, Cramer pondered the news that Sysco (SYY) , our nation's largest food distributor, is seeing restaurant growth slowing. The numbers for restaurants across the board have been horrible, he noted, lending credence to his stay-at-home consumer thesis.
Perhaps there's another explanation, a temporary one: the election. Cramer said he'd be willing to place a bet on a restaurant stock, perhaps one like Cheesecake Factory (CAKE) or Panera Bread (PNRA) , also an Action Alerts holding.
Sure, there are too many restaurants out there, but that was also the case when job growth was much lower and all of these names did fine, Cramer concluded. Pick your favorite, he said, and there's a chance it will have a happy holiday season.
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