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With only a few stocks leading the market higher, it's good to know which ones are part of the Trump rally and which ones aren't, Jim Cramer told his Mad Money viewers Wednesday. Trump, like the market, tends to fluctuate, and that's why Cramer said he created a cheat sheet for investors to follow.
Among the groups that have been anointed by Trump are the banks, which will benefit from the government getting out of the way so they can make more loans. Cramer said Bank of America (BAC) remains his favorite, along with Goldman Sachs (GS) .
Trump is also a fan of oil, so investors should be, too. Cramer is also bullish on steelmakers including Nucor (NUE) and the railroads that will be hauling all that steel. Also on the Trump rally list are special cases such as United Technologies (UTX) and Boeing (BA) , both of which have claimed Trump's interest.
Even retail could benefit from Trump, as lower taxes could bolster the consumer. Lululemon Athletica (LULU) posted strong results that sent shares soaring up 13.9% Wednesday.
For other sectors, though, the Trump effect is less clear. What will a trade war mean for a stock like Caterpillar (CAT) ? We're still not sure.
Executive Decision: Howard Schultz
For his "Executive Decision" segment, Cramer spoke with Howard Schultz, chairman and outgoing CEO of Starbucks (SBUX) , a holding in Cramer's Action Alerts PLUS charitable portfolio, and Kevin Johnson, the company's current president and COO. Johnson will be replacing Schultz in April.
Schultz commented on the company's newly released five-year plan, saying Starbucks has always had a long-term plan for focusing on customers and he's confident in the company's projections for 10% annual revenue growth. Johnson added that the 12,000 proposed new locations announced in the plan will largely be in the U.S. and China.
Johnson also said that "we have a hit on our hands" with mobile payments, which now account for 8% of overall orders. He said plans are now being put into place to help speed customers through the pickup process.
While Schultz will be stepping down from day-to-day operations at Starbucks, he will continue managing the expansion of the Reserve Roastery concept, which he said will be a high-end brand within the larger Starbucks brand that will only add to revenue and image.
Cramer said he continues to recommend Starbucks.