Jim Cramer Says Salesforce Is the Cloud King of Action Alerts PLUS

Jim Cramer explains why the Action Alerts PLUS Portfolio feels so bullish on Salesforce.
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Salesforce (CRM) - Get Report is "our Cloud King," Jim Cramer said on his Action Alerts PLUS members-only call. Salesforce is a holding in the Action Alerts PLUS portfolio.

"When it comes to Salesforce, the No. 1 thing to keep in mind is that companies today must know their customer better than the customers know themselves if they are to effectively compete within their industry; the Salesforce platform is what makes that possible and, in today's world, it's no longer a luxury, it's a necessity," Cramer said.

Cramer continued to say that he believes the "demand for customer data will only accelerate as the 'Fourth Industrial Revolution,' characterized by digitization, increasingly takes hold across sectors and in countries around the globe as emerging markets, such as India, continue to develop."

In September, Cramer attended Salesforce's Dreamforce conference. 

Don't know what the Fourth Industrial Revolution is? Cramer breaks it down on the floor of the NYSE.

Do you want more exclusive investing insight from Cramer? Get 24/7 access to Jim's charitable-trust portfolio with a free trial to Action Alerts PLUS! You can also watch all of Jim Cramer's New York Stock Exchange live shows on YouTube.