If you don't like this market, now's your chance to get out, Jim Cramer told his Mad Money viewers Wednesday.
But for those of us playing the long-term game, Cramer offered 10 reasons why the market will likely continue higher.
First up was FANG, Cramer's acronym for Facebook (FB) , Amazon.com (AMZN) , Netflix (NFLX) and Alphabet (GOOGL) . Much of FANG had good news today and all of it was able to rally. Next, there's Caterpillar (CAT) , which hit a new 52-week high.
Third and fourth on Cramer's list, the drug stocks and the airlines, both of which posted strong gains today. Remember that the transports tend to confirm any move higher, and today they said "buy, buy, buy." Fifth and sixth on the list was oil (which did not get clobbered today), and the financials, led my Paypal (PYPL) , up 3.2%.
Next was tech, with the cloud and artificial intelligence stocks showing strength. Even retail was able to mount a comeback, with Home Depot (HD) rising 1.3%.
On Real Money, Cramer says investors should remember that things really can work out for the bulls. Get his insights on how to play this market with a free trial subscription to Real Money.
Don't Ignore Healthy M&A Action
Not every merger and acquisition is earth-shattering, like Amazon buying Whole Foods Market (WFM) , Cramer told viewers. But some deals really are game-changing and the market isn't taking notice. Case in point: payments processor Vantiv (VNTV) snapped up the U.K. based Worldpay for $10 billion.
Vantiv is what's known as a merchant acquirer, a company that works directly with merchants to allow them to accept electronic payments, then takes a small cut of the transaction fees thereafter. Acquirers are a valuable part of transaction processing as they set pricing and own the relationship with the merchant. While Vantiv largely operates in the U.S., Worldpay is almost exclusively in the U.K. and beyond, which is why the merger makes so much sense.
Now is a great time to invest in Europe, Cramer said, as the continent is finally getting back on its feet. Vantiv can also greatly enhance Worldpay's U.S. business with its vast expertise. Despite the synergies, shares of Vantiv fell 2.4% on the news, before recovering slightly. Given the continued consolidation in the space, Cramer said Vantiv is a winner.
Aerospace Bull Charges
The aerospace bull market rages on, but with shares of Boeing (BA) up 60% over the past 12 months, have investors missed the move? Cramer said he'd swap out of Boeing and into Rockwell Collins (COL) instead.
After trading sideways for most of 2016, Rockwell found its footing this year and has been steadily surging higher. Part of that move was the company's acquisition of B/E Aerospace, a deal that closed just a few months ago.
Rockwell mostly makes the brains of an aircraft, with things like avionics and communications systems. B/E Aerospace however, makes the guts of a plane, things like cabin components and seating. With the combined company now offering a broad range components, it's only more valuable to its customers.
Then there's the defense angle. It's no secret that President Trump is big on defense and that means more aircraft that need Rockwell's components. The company is about evenly split between military and commercial aircraft.
But despite all of these positives, and it's rising shares, Rockwell still trades at just 15 times earnings. That's far less than the 20 times earnings multiple enjoyed by both Boeing and Lockheed Martin (LMT) .
Executive Decision: Herman Miller
For his "Executive Decision" segment, Cramer sat down with Brian Walker, CEO of office furniture maker Herman Miller Inc. (MLHR) , a stock that surged 8% on a strong quarter but still remains down slightly for the year.
Innovation continues to be a big driver at Herman Miller, Walker said. After remastering the company's iconic Aeron chair last year, they are introducing this year a new line of smart desks and chairs that can change to adapt to different users and provide office managers data on which spaces are being most utilized.
Herman Miller continues to make beautiful products that last forever, Walker continued, but more and more its about allowing people to live better, healthier lives by having furniture that promotes movement and correct posture.
When asked about where Amazon fits into Herman Miller's world, Walker said that you have to have your products on Amazon, but his company continues to offer its products on its own website and plenty of other locations as well.
Cramer was bearish on Express Scripts (ESRX) .
In his "No-Huddle Offense" segment, Cramer said it's rare for an analyst to ever admit they're wrong, but that's exactly what a Wedbush analyst did today with Netflix.
The analyst just came out and said it: he's been wrong on Netflix for three years, costing investors nearly $100 a share.
But then the same analyst went back into analyst mode, saying he's sticking with his methodology. Cramer said Albert Einstein's definition of insanity came to his mind as he continued reading the report.
The problem is that Netflix, along with Amazon and Tesla (TSLA) , don't trade by traditional metrics, they defy them. And while the cancelation of some Netflix' series may make a dent in the company's earnings, it might not in its share price.
Cramer and the AAP team just held the monthly call with their investment club members and talked about the top 10 stocks in their portfolio they'd like to buy right now. Get in on the conversation with a free trial subscription to Action Alerts PLUS.
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