It seems like just a few weeks ago, the market was freaking out that Amazon was about to destroy all of retail. Today however, the markets are coming to terms with the new online reality and rewarding those companies who are able to fight back.
Ralph Lauren (RL) and Michael Kors (KORS) were two examples of this, as Ralph Lauren shares shot up 13.2% on an upside surprise that included boosts to its online and omni-channel operations. Meanwhile Kors also cited its digital initiatives as meaningfully driving consumer engagement and sales. Shares of Kors shot up 21.5%.
Cramer said that Lauren and Kors join the ranks of PVH (PVH) and VF Corp (VFC) , which are embracing the web. He also recommended Home Depot (HD) , Children's Place (PLCE) and Lululemon Athletica (LULU) .
On Real Money, Cramer is digging into the sectors and companies showing they are getting smarter in the face of Amazon's offense, from retail to media. Get his insights with a free trial subscription to Real Money.
Off the Charts
In the "Off The Charts" segment, Cramer checked in with colleague Bob Lang over the charts of the big four credit card processors, Visa (V) , MasterCard (MA) , American Express (AXP) and Discover Financial (DFS) .
Lang felt that Visa had a near-perfect chart, with every pullback to its 50-day moving average representing a buying opportunity. Cramer agreed, calling Visa the best in the group.
MasterCard came in a close second, with a chart that's also amazing, although lately shares may have run too far, too fast.
American Express turned itself around last year and now displays a bullish cup-and-handle pattern, one made on strong volume with a strong Chaikin money flow oscillator.
Finally, there's Discover, the laggard in the group with shares down 14% for the year. Lang felt the stock's 200-day moving average represented a ceiling of resistance and neither he, nor Cramer, were fans of the company.
Is it time for Intel?
Is chipmaker Intel (INTC) poised for a comeback? Now that the company's $15 billion acquisition of Mobileye has closed, Cramer said the time might be right to take a chance.
While Intel's history with acquisitions hasn't been stellar, Cramer noted that Mobileye's autonomous driving platform gives Intel a sizable lead in this most important space.
At just 12 times earnings with a 3% dividend yield, Cramer said he's willing to take a chance on Intel, as the company was once the leader in all things silicon.
Cramer and the AAP team are taking advantage of weakness in Activision Blizzard (ATVI) . Find out what they're telling their investment club members now and get in on the conversation with a free trial subscription to Action Alerts PLUS.
Executive Decision: Meritor
For his "Executive Decision" segment, Cramer sat down with Jay Craig, president and CEO of truck part supplier, Meritor (MTOR) , which just posted a monster 18-cents-a-share earnings beat and has seen its shares soar 50% so far in 2017.
Craig said that after lagging the market for a few years, trucking is finally playing catch up and Meritor is able to capitalize on that with its focus on excellent execution. The company has both a three-year and a long-term plan for growth and is in a strong market position, Craig noted.
Europe continues to be a driver for growth and Meritor has deals with Volvo and others, Craig said, but here in the U.S. his company makes parts for not only trucks but also tractors, trailers, buses, fire trucks and more.
When asked what's driving the growth, Craig said that fleet sales in particular are strong here in the U.S. as end markets including housing, oil and gas and even ecommerce are more than making up for other sectors which are in decline.
Executive Decision: Henry Schein
In his second "Executive Decision" segment, Cramer sat down with Stanley Bergman, chairman and CEO of dental supplier, Henry Schein (HSIC) , which saw shares fall 5.3% after the company reported earnings.
Bergman reassured Cramer that the end markets they serve remain solid, with constant 4% to 6% growth per year. He said the growing middle class worldwide drives increased health, dental and veterinary care and while sales may be flat here in the U.S., worldwide the trend remains positive.
Bergman also noted that his company is also the largest software provider to dentists and animal health providers in the U.S. and he expects that trend to continue across the globe.
Cramer said investors should use dips like we saw today to buy Henry Schein.
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