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The world changed on election day 2016, Jim Cramer told his Mad Money viewers Thursday. Whether you love or hate the political results, there's no denying that the business world just got a whole lot more interesting.
Cramer said if Donald Trump can deliver on all of his pro-business policies, then the stock market's huge post-election surge will be completely justified. It's only now dawning on investors just how frozen our economy was before Trump, and how quickly things are thawing.
Industry after industry is feeling the "Trump effect," Cramer continued, from retail to home builders, airlines to theme parks. Even technology caught the fever Thursday with Broadcom (AVGO - Get Report) up 4% and Advanced Micro Devices (AMD - Get Report) surging 8%.
Cramer said it's amazing to think just how different the business world is from just one month ago.
Executive Decision: Jim Murren
For his "Executive Decision" segment, Cramer spoke with Jim Murren, chairman and CEO of MGM Resorts (MGM - Get Report) , on the eve of the grand opening of the MGM National Harbor Resort, just outside Washington, D.C. Shares of MGM are up 30% since Cramer last checked in with Murren six months ago.
Murren said MGM has invested $1.4 billion into National Harbor and he's very excited about the location, which is easily accessible to three airports and the 40 million tourists a year that visit our nation's capital. The resort only includes 308 hotel rooms, but Murren said there are already plenty of rooms throughout D.C., Maryland and Virginia.
Turning to China, where the government looks to tighten rules on gambling in Macau, Murren said the Chinese have been very smart with their controls thus far and he doesn't anticipate problems now.
Finally, when asked about Trump and the economy, Murren, who was previously critical of the president-elect, said that he's glad the divisive rhetoric is over and he's optimistic for the future.
Cramer said he's sticking with his recommendation of MGM Resorts.
What's Next for Lulu?
After posting a blowout quarter that sent shares soaring 15% in a single day, what's next for Lululemon Athletica (LULU - Get Report) ? Cramer said this athletic apparel maker still has a lot more room to run.
Analysts have been panning Lulu for almost its entire existence. They stepped up their rhetoric recently, citing weak sales in athletic apparel and changing customer tastes towards denim and away from much of Lulu's product line. But then the company posted monster 34% earnings-per-share growth with a 7% increase in same-store sales and rising gross margins, along with a five-year plan to double revenue from current levels.
Cramer said Lulu is at an inflection point as the company gears up for a global expansion into China and beyond, powered by tons of new products and fabrics that customers love. When he last spoke to Lulu's CEO Laurent Potdevin it became clear the company transcends its brand, Cramer said. That philosophy was clearly evident in this quarter's results.
Executive Decision: Jonathan Corr
In his second "Executive Decision" segment, Cramer sat down with Jonathan Corr, president and CEO of Elli Mae (ELLI) , the mortgage software company with shares up 40% so far in 2016, despite cooling significantly since the election.
Corr said that despite all of the talk deregulation would hurt companies like Elli Mae, the real driver for their business is the secular shift towards automating the mortgage origination process. Any deregulation of the banks, he said, is likely to increase credit availability, which would only allow more people to buy and refinance homes.
When asked for his take on Trump's economic plans thus far, Corr commented that any talk of stimulus is also a win for the housing market because, more than interest rates, what drives homebuying is jobs.
In the Lightning Round, Cramer was bullish on Intercontinental Exchange (ICE - Get Report) , First Republic Bank (FRC - Get Report) , Lumentum Holdings (LITE - Get Report) , Ciena (CIEN - Get Report) , Finisar (FNSR - Get Report) , Prudential (PRU - Get Report) , Impinj (PI - Get Report) , Hershey Foods (HSY - Get Report) , Global Payments (GPN - Get Report) , Fidelity National Services (FIS - Get Report) and Blackstone Group (BX - Get Report) .
Executive Decision: Mark Butler
For his third and final "Executive Decision" segment, Cramer sat down with Mark Butler, chairman, president and CEO at Ollie's Bargain Outlet (OLLI - Get Report) , the discount retailer that just posted a 3-cents-a-share earnings beat.
Butler explained that regardless of who is president, consumers want to save money, which is exactly what Ollie's does for them. He said the stores have been "rocking" and most new locations see a payback in just two years of operation.
Butler said Ollie's sources its products from a variety of places, from bankruptcies and store closings to overstocks, and sets prices based of what others such as Walmart (WMT - Get Report) and Target (TGT - Get Report) are selling at, ensuring Ollie's always offers the best deal.
With over 60% of of sales stemming from Ollie's Army, the company's loyalty club, Cramer said this retailer must be doing something right.
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