At this point in the year, the winners continue to win, Jim Kramer told his Mad Money viewers on Thursday. This is because every year at the end of November, hedge funds begin to double among their biggest winners, making a handful of stocks seemingly unstoppable. Cramer said these “up” stocks have the power of momentum behind them and will continue to operate until the beginning of the year.
This year there are 10 “up” shares, Kramer said, starting with the payment technology companies Square (SQ) – Take a report, which is 206% for the year, and PayPal (PYPL) ̵
The rest of the available stock was all technology and cloud names, including ServiceNow (NOW) – Take a report, cybersecurity company Okta (OKTA) – Take a report, RingCentral (RNG) – Take a report and Twilio messaging service provider (TWLO) – Take a report.
Kramer said that all names have the power of the herd behind them, and you always want the herd to work for you, not against you.
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Executive solution: The container store
In his first Executive Decision segment, Cramer spoke with Melissa Rafe, President, Chairman and CEO of The Container Store Group (TCS) – Take a report, the home organization store with shares that rose 145% year-over-year. The shares are currently traded for 14 times profit.
Rife said the Container Store has been challenging for four years, but also very rewarding. She said they have embarked on a new strategic plan and the strength you see now is the culmination of that plan.
During this pandemic, the role of our homes changed, Rife explained. Now your home is your office, your school and your retreat, she said, which makes the maximum space you have and make the most of it more important than ever.
Rife was excited about their partnership with Marie Condo. She said the Marie Kondo product collection will debut across the country in January 2021 and will focus on things that bring joy.
When asked about sustainability, Rife said that sustainable products are an important focus for them. It is difficult, she admitted, because plastic is both functional and affordable. But where possible, The Container Store chooses sustainability.
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Executive Decision: Robinhood Markets
For his second segment “Executive Decision” Kramer registered with Vlad Tenev, co-founder and co-executive director of Robinhood Markets, the commission-free trading platform that changes investments.
Tenev said Robinhood’s mission has always been to democratize finances. Many people mistakenly characterize younger investors as reckless day traders, but in fact their data shows that Robinhood investors are both smart and cautious.
Asked why Robinhood investors seem to be rushing when many experienced investors panic and sell, Tenev said he believes this has different perspectives. He said younger investors know they have a longer time horizon and can therefore take risks. Those approaching retirement age do not feel comfortable with these levels of risk.
Tenev did not comment on rumors that his company plans to go public in the first half of next year.
Executive decision: Working day
For his latest Executive Execution segment, Cramer signed up with Aneel Bhusri and Chano Fernandez, co-executive directors of Workday (WDAY) – Take a report, the cloud software provider with 40% share for the year.
Bhusri attributes its strong quarterly results to its great sales team, which did not miss a single beat during the pandemic. He said Workday already has over 3,000 human resources clients and 1,000 finance clients, which are great recommendations for their prospects.
Fernandez added that Workday had several big gains during the quarter, including Fifth Third Bancorp (FITB) – Take a report, Washington and Novartis (NVS) – Take a report. But more importantly, Workday was able to attract new customers online this quarter, including 1.7 million Walmart employees (WMT) – Take a report.
Bhusri said that businesses need flexible digital solutions and that is exactly what the Cloud and Workday can provide. Businesses cannot survive using solid, legacy systems. Fernandez went on to say that Workday offers customers a better experience for themselves and their employees.
Surprising power of consumers
In his hug-free crime segment, Cramer said the surprising power of consumers has been a mystery for months. Despite the pandemic and record unemployment, consumers are still spending on Costco-like (EXPENSES) – Take a report, Home Depot (HD) – Take a report and Williams-Sonoma (WSM) – Take a report. But Kramer said he understood.
Before a pandemic, consumers spend money on things like restaurants, movies and vacations, all things they can no longer do. Instead, this money flows into their homes and the things they need for their home office, home schooling and entertainment needs.
This new consumer spends but also pays off their credit card debt and increases their savings just in case, which is wise to do in uncertain times.
Here’s what Jim Cramer had to say about some of the stocks the callers offered during the Round Crazy Lightning Thursday night:
Working horse group (WKHS) – Take a report: “This is a technology company that produces cars and will not interfere with the road.”
Pacific ethanol (FISH) – Take a report: “You know I like Plug Power (CONCLUDE) – Take a report for hydrogen. I’m not a man with ethanol. “
Frequency therapy (FREQ) – Take a report: “It’s very speculative, but I have no problem with it.”
Rackspace Technology (RXT) – Take a report: “I have so many other technology companies that are better. Why not go buy Cisco Systems (CSCO) – Take a report? “
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At the time of publication, Cramer’s Action Alerts PLUS held a position at AMZN.