If you're waiting for stocks to get obliterated by a slew of bad news, don't hold your breath, Jim Cramer told his Mad Money viewers Tuesday. The mighty still stand tall and show no signs of tumbling.
In years past, the threat of a federal government shutdown would've sent stocks tumbling, but in today's market, stocks took stalled budget talks in stride. Not even North Korean missile tests did much to rattle the markets.
Meanwhile, over in technology, not even a downgrade of Western Digital (WDC - Get Report) was enough to keep the tech sector down, with Tech Data (TECD - Get Report) soaring 10.2% on strong earnings. Cramer said he's bullish on Apple (AAPL - Get Report) , an Action Alerts PLUS holding, along with its suppliers like Skyworks Solutions (SWKS - Get Report) and Broadcom (AVGO - Get Report) .
Even the restaurant group saw a lift today, as Buffalo Wild Wings (BWLD) shot up 6.2% on a takeover bid.
Over on Real Money, Cramer says demand and supply in the cycle of DRAMs and Flash memory commodities are very complicated. Get more on his insights with a free trial subscription to Real Money.
Executive Decision: Thor Industries
For his "Executive Decision" segment, Cramer checked in with Bob Martin, president and CEO of Thor Industries (THO - Get Report) , the recreational vehicle maker with shares that are up 36% so far this year and after a monster 59-cents-a-share earnings beat on a 30% increase in sales.
Martin said that Thor continues to be driven by changing lifestyles and younger demographics embracing all of the things you can do with RVs. He said that RVs aren't just for camping anymore, they're perfect for sporting events, concerts, weekend trips and more.
That's not to say that camping itself is losing any luster. Martin said there are 30 million campers out there and after a certain age, they all appreciate conveniences like a soft bed, air conditioning and being able to bring more of the comforts of home. There's still no better way to see America's national parks than in an RV, he noted.
Finally, when asked about competition from Winnebago (WGO - Get Report) , Martin explained that Thor derives 75% of sales from travel trailers, while Winnebago is skewed more toward motorized units. But the two remain competitive in a competitive market.
Cramer said that Thor still has lots of room to run.
Cramer and the AAP team say Danaher's (DHR - Get Report) core sales should trend higher. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
Off the Charts
In the "Off The Charts" segment, Cramer checked in with colleague Tim Collins over the charts of two companies trying to find a bottom: payment processor Square (SQ - Get Report) and drugmaker Allergan (AGN - Get Report) .
Looking at a weekly chart of Square, Collins applied some Fibonacci ratios to the stock's recent decline, noting floors of support at $38.79, $35.64 and $32.48 a share. Given the stock is still much higher than that, Square may have more room to fall and is not a bargain.
Then there's Allergan, which has been slaughtered from over $300 a share two years ago to just $172 today. Cramer said this stock is hated on Wall Street, but according to the chart, Collins noted that every time shares fall below their Bollinger bands, they see a strong rally. He predicted a 15% bounce is likely Allergan's next move.
Executive Decision: Palo Alto Networks
In his second "Executive Decision" segment, Cramer spoke with Mark McLaughlin, president and CEO of Palo Alto Networks Inc. (PANW - Get Report) , the cybersecurity company that just posted a five-cents-a-share earnings beat with a 27% increase in revenues. The company also raised its full-year guidance.
McLaughlin said cybersecurity remains crucial for governments, companies and individuals alike, which is why his company continues to grow faster than the markets, and faster than its peers. He said Palo Alto realized a long time ago that as attacks become more automated, companies would need a new approach to defend themselves and that's what Palo Alto offers.
With digitization comes a lot of great productivity gains, McLaughlin said, but also makes us vulnerable, which is why prevention and good backups of data are so important in protecting individuals and businesses. Palo Alto has a proven track record of high adoption within companies and the ability to grow with those companies over time.
Cramer remained bullish on Palo Alto Networks.
In his "No-Huddle Offense" segment, Cramer pondered whether now might finally be the time to reconsider investing in Macy's (M - Get Report) , given that Amazon (AMZN - Get Report) has seemingly moved on to targeting drugstores and auto parts retailers and the mall might not be as bad many had expected after Children's Place (PLCE - Get Report) rose 6.1% and GameStop (GME - Get Report) popped 4.6%.
Cramer said Macy's has two phases of redemption, the first of which is to deal with its oversized 6.8% dividend yield. The second is to retire some debt and close some underperforming stores to shore up the company's cash flows. Macy's took steps to rectify the latter this week, which made Cramer declare that the stock is once again investable.
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