We're in a different, better and cheaper market than anyone thought possible, Jim Cramer told his Mad Money viewers Thursday. Even better, for many companies, there just aren't enough shares of their stock to go around.
Shares of Walmart (WMT) have been exploding higher, thanks to tax cuts and stock buybacks. Walmart currently pays 32% in taxes, but that will soon be slashed to just 20%. The company also had 4.1 billion shares of stock as one point, but today it has just three billion. These two factors combined have led many money managers to swap out of Amazon (AMZN) and into Walmart.
The same holds true for the industrials. Companies like Caterpillar (CAT) are experiencing a triple bull market, an expanding economy, new accounting rules and stock buybacks.
Among the groups getting hurt in this market are the home builders, Cramer said, as they are losing some of the mortgage interest tax deduction and the state and local tax deduction. But even there, companies like Toll Brothers (TOL) have been reducing their share count from 184 million to 158 million today in order to stem those losses.
That's how this market continues to head higher, Cramer concluded, and he doesn't see that changing any time soon.
Over on Real Money, Cramer says that with tax reform, it is entirely possible that the biggest bear case out there gets neutered. Get more on his insights with a free trial subscription to Real Money.
Executive Decision: Agnico Eagle Mines
For his "Executive Decision" segment, Cramer spoke with Sean Boyd, vice-chairman and CEO of Agnico Eagle Mines (AEM) , a gold miner with eight mines, primarily in Canada and Mexico. Shares of Agnico Eagle are lagging the markets, up just 6% for the year.
Boyd said that while many miners were pulling back and selling assets, between 2012 and 2015, Agnico was investing, adding assets, people and equipment so they would be ready for the future. That's why they now expect to increase production by 25% between now and 2020.
When asked about the outlook for gold, Boyd said he thinks gold will rise to between $1,400 and $1,500 an ounce over the next 18 months.
Finally, Boyd told investors that bitcoin is not a replacement for gold. Gold has been a preferred way to store value for over 4,000 years and has a highly developed, and liquid, market around the globe. Boyd said he doesn't see that changing anytime soon.
In another installment of his "Fireside Chat" segment, Cramer answered more questions from Cramericans as 2017 draws to a close.
When asked about which stocks parents should consider for their children to teach about investing, Cramer said it's always best to ask the kids and invest in something they know and understand. Outside of that, Cramer said to start with an index fund that mirrors the market.
Turning to the topic of cryptocurrencies, Cramer said what's most important is transparency and a market that's deep enough to have a single price. Right now, bitcoin has different prices all over the place, Cramer said, and that's just not a good thing.
What will be the biggest surprise in 2018? Cramer said he thinks the market will discover that stocks are actually cheap, not expensive, given how strong the global economy really is.
Finally, when asked about reinvesting a 401k, Cramer advised to start small and buy in stages, as you may never get that big pullback you're waiting for. He told the final caller that he's still bullish on REITs, like Federal Realty Trust (FRT) and EPR Properties (EPR) .
Cramer and the AAP team say the final reading of third-quarter GDP is just slightly short of expectations. 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.
Executive Decision: Paychex
In his second "Executive Decision" segment, Cramer spoke with Marty Mucci, president and CEO of Paychex (PAYX) , to learn about the impact of the new tax bill, which goes into effect in just 11 days.
Mucci said it will take a few weeks for the IRS to determine what changes need to be made and communicate them with Paychex and others. Employees are likely to see changes in their paychecks beginning sometime in February.
Beyond taxes, Mucci said the economy continues to expand and now that we're near full employment, wages are beginning to tick higher as scarcity of workers starts to set in.
Paychex provides a lot of services outside of payroll, Mucci added, and among those, human resources is the most in demand. Paychex can pair small companies with HR professionals to help them set up handbooks and policies, and keep their business running smoothly.
Executive Decision: Ansys
For his final "Executive Decision" segment, Cramer sat down with Ajei Gopal, president and CEO of Ansys (ANSS) , makers of simulation software that test designs in real-world situations.
Gopal explained that Ansys' technology is a part of many of the products you use every day. Everything from airplanes and cars to mobile devices and vacuum cleaners get tested by Ansys software.
Companies like engine maker Cummins (CMI) have been Ansys customers for 30 years, Gopal said, and Cummins is now rolling out an analysis-led design process that brings simulated testing into the entire process, from idea to design and then through manufacturing and quality assurance.
When designing high-performance products, where every millisecond counts, Ansys can be extremely valuable. For brands like Ferrari (RACE) , Ansys' wind tunnel modeling can seek out every bit of performance.
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