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A soggy day for the market is a good day for the market, Jim Cramer told his Mad Money viewers Monday. It's a refreshing pause when buyers can come into the market and it shouldn't be seen as a time to exit.
Cramer said many people assume the market's Trump-inspired rally will run out of steam any day now and are looking for something, anything, to derail it. But the markets have a few other tricks up their sleeves that may keep stocks heading higher through the end of the year.
Cramer noted that none of Trump's financial appointees thus far are worrisome to the markets, which has led investors to instead focus on what's most important: the weather. Yes, with cold weather arriving right on cue this year, Cramer said the time is right to buy stocks like Columbia Sportswear (COLM) . Cold weather may also buoy the likes of JC Penney (JCP) and Target (TGT) .
Freezing temperatures are also good news for coal and the railroads that carry it, as seasonal demand for natural gas will make coal more competitive.
There is also a momentum play in the works, Cramer added, with money managers piling into the biggest winners so they don't fall behind their peers. Clorox (CLX) and Kimberly-Clark (KMB) are among those on on fund managers' wish lists.
Finally, Cramer said, mergers and acquisitions are likely to pick up steam, with deals like Rite Aid (RAD) being acquired by Walgreens Boots Alliance (WBA) , an Action Alerts PLUS holding, now more likely to be approved.
A Special Invitation
Action Alerts PLUS: Cramer and Jack Mohr are locking in some gains on Visa (V) . Find out why and what they're telling members with a free trial subscription to their investment club.
Executive Decision: Tech Data
For his "Executive Decision" segment, Cramer took the pulse of the tech sector by speaking with Bob Dutkowsky, CEO of Tech Data (TECD) , the technology supplier that just posted an 18-cents-a-share earnings beat.
Dutkowsky said that technology can no longer be segmented into categories like consumer, enterprise or the cloud. Everything now fits together, which means customers need end-to-end solutions that span the living room to the data center and beyond.
That's why Tech Data's purchase of Avnet's (AVT) technology solutions business, announced two months ago, for $2.6 billion makes so much sense, Dutkowsky added, as Tech Data can now provide complete solutions for customers, picking the best products from over 600 vendors.
Tech Data loves disruption, Dutkowsky said. He added that his company is designed to be highly adaptable and is always capable of providing what customers demand.
Cramer's bottom line, Tech Data remains a terrific way to invest in the tech sector.
Running Like Deere
Sometimes, a company can really turn things around, Cramer told viewers, and that was certainly the case with Deere & Co. (DE) , the stock of which took a leap that no one anticipated.
Deere's stock had fallen from more than $100 a share to just under $70 as the company fought against both weakening end markets and a strong dollar. Even when Deere's earnings weren't that bad, the company's management scared investors away with grim commentary on their conference call.
But this quarter saw a stunning 50-cents-a-share earnings beat, yes, 50 cents -- enough to send shares rocketing 11% in a single day.
Cramer said Deere now seems to be doing everything right, with the company's agriculture and turf division seeing sales increase by 37%. Financial services were also a bright spot for the company, as were its cost-cutting efforts.
Better still, Deere management only had good things to say about the outlook. Cramer said the move in Deere shares was a lot more than a typical short-squeeze; the earnings estimates are now too low and need to taken higher. Deere, he said, is a buy right here and a strong buy on any weakness.
Executive Decision: PayPal
In his second "Executive Decision" segment, Cramer sat down with Dan Schulman, president and CEO at PayPal (PYPL) , the payment processor that aims to conduct over $100 billion in mobile payments in 2016.
Schulman said that PayPal is on track to be a leader in mobile payments. The company had more than $1 billion in such payments on Black Friday alone. He was also bullish on Venmo, PayPal's subsidiary, which is rapidly becoming the way millennials manage their money, Schulman said. Venmo is expected to conduct $20 billion in payments this year.
PayPal is also hard at work creating new partnerships with the likes of Visa, Mastercard (MA) and other traditional payment processors. Schulman said that while it's still too early to judge the results of these partnerships, he's encouraged by what he sees.
Cramer said that PayPal is undervalued, given that it's one of the few companies that offer investors real growth.
Cramer was bearish on Patterson Companies (PDCO) .
In his "No Huddle Offense" segment, Cramer said investors should be looking for a rally that includes everyone. Today, the rally included the bond-market-equivalent stocks, a group that has been under pressure since the election.
Cramer advised steering clear of retail REITs, but he was a fan of the utilities, which are not as economically sensitive as many believe. He endorsed American Electric Power (AEP) and Dominion Resources (D) , along with phone companies like Verizon (VZ) and AT&T (T) .
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