Sometimes it's tough to find winning stocks, Jim Cramer told his Mad Money viewers Tuesday, but sometimes it's even tougher to stick with them. Today's the perfect day to reflect on sticking with winners, Cramer told viewers, as it's the 20th anniversary of the Amazon.com (AMZN) IPO, a stock that's seen more than its fair share of doubters over the years.
Home Depot (HD) has been another perennial winner. For years the bears have touted that Amazon has Home Depot in its sights, but every quarter, Home Depot defies the odds. This quarter the company delivered a 5.5% increase in same-store sales, as its levered to both the do-it-yourselfer and professional markets. As home prices recover from the Great Recession, Home Depot continues to ride the wave higher.
Then there's Advanced Micro Devices (AMD) , a stock that shot up 11.6% today. For years, AMD had a terrible balance sheet and a reputation to match. But today, Cramer said, the company is coming back to life and is no longer a second-class semiconductor maker.
Cramer also called out Alphabet (GOOGL) as a long-term winner. Just a few weeks ago, the skeptics were piling onto the notion that Google's ad business was faltering as advertisers were increasingly concerned that their ads were being shown alongside less-than-savory content. But as it often does, Google quickly remedied the problem. Now Alphabet's Waymo car division is partnering with Ford (F) , another sign that the bears have Alphabet all wrong.
All of these stocks are not only worth owning for the long-term, Cramer concluded, they're worth buying right here.
Meanwhile, over on Real Money, Cramer says the stock market, like nature, abhors a vacuum. There's no way all of this money that's been made in the stock market leaves the stock market, he says. Get more on his insights with a free trial subscription to Real Money.
Off the Charts: Qualcomm
In the "Off The Charts" segment, Cramer checked in with colleague Tim Collins, this time over the chart of Qualcomm (QCOM) the semiconductor maker that's acquiring NXP Semiconductor (NXPI) but has seen its shares fall 14% in 2017 as compared to a 17% rally in the Nasdaq 100.
Collins first looked at Qualcomm's daily chart, noting the stock's big decline in January and its sideways action since. With the 50-day moving average flattening, Collins felt the stock could break out to the upside if it can close above this key level. He was encouraged by the on-balance volume metric, which saw a bullish crossover a few weeks ago and has been trending higher. The Vortex indicator, an early signal of trend changes, also signaled a bullish move in early May.
Collins was also bullish on Qualcomm's weekly chart, noting that the stock is now about the key 13-week moving average after spending 65 days below it. As the stock approaches a key Fibonacci ratio at $55.65 a share, Collins felt any close above that level would signal smooth sailing to $59 or even $62 a share. A close below $52 however, would be a bad sign.
Go Your Own Way
The latest quarterly filings are in, giving average investors a sneak peek into what the big money managers are up to. The question is, should you care?
Cramer said lots of new investors think that piggybacking off of what Warren Buffett or Carl Icahn may be doing is a smart strategy. But nothing could be further from the truth.
The fact is that most money managers don't beat the averages in any given quarter. Plus, we really have no idea what stocks they're in right now, only what stocks they used to be in. Money managers sell for all sorts of reasons, none of which have your best interests in mind.
Case in point, Icahn sold his position in Apple (AAPL) in April 2016 for $95 a share. The reason? Icahn said he was worried about China, something that ultimately proved to be true, but has been offset by a multitude of other positives.
Icahn already had big gains in his Apple stock and his decision was good for him, but likely bad for you. If you sold on Icahn's move, the blame is on you, Cramer said.
You may not be a full-time money manager, Cramer concluded, but that doesn't mean you have to be a full-time amateur. Piggybacking is never a good strategy, doing your own homework is.
Executive Decision: Taylor Morrison Homes
For his "Executive Decision" segment, Cramer sat down with Sheryl Palmer, president and CEO of Taylor Morrison Homes (TMHC) , the home builder that operates in 20 markets across eight states and has seen orders grow by 33% this past quarter.
Palmer said that her company's growth puts the company exactly where they planned to be in the high-single digits, and she remains cautiously optimistic for the remainder of the year. She said her company's over-50 communities continue to thrive, with each one offering a lifestyle experience that experienced home buyers can appreciate.
Palmer also commented on the several secondary offerings of stock the company has done to accommodate Taylor Morrison's private equity backers exiting their positions. She said that their investors have been terrific and it's only normal to expect them to take profits after four years as a public company.
When asked about their use of cash, especially if tax cuts are enacted, Palmer said they continue to be opportunistic in the land market and will keep investing in growth and their people. She said with the consumer starting to feel better, now's the perfect time to make those investments.
Off the Tape: SoFi
In his "Off The Tape" segment, Cramer again welcomed Mike Cagney, co-founder and CEO of the privately-held SoFi, the online lender that made number 45 on this year's CNBC's Disruptor 50 list.
Cagney said that SoFi started by looking at the gap between what younger people needed and what traditional banking was providing and filling it. He said their culture is to be a partner, not an adversary.
That's why 45% of SoFi's mortgage customers are existing customers and why SoFi only markets services like life insurance when it matters to customers. When you start with younger customers and help them refinance their student loans, for example, that's the perfect time to begin wealth management, Cagney added.
As for his company's growth, Cagney said that SoFi loves marketing at sporting events, which has done very well for them in spreading the word.
Cramer and the AAP team say that after Citi (C) has rallied in recent weeks, they're taking profits on a portion of their position. Find out what they are telling their investment club members; get a free trial subscription to Action Alerts PLUS.
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