But when a stock trades up to those lofty levels, what should you make of the price action? Is it bullish or a sign of a top?
Although it's never a mistake to ring the register, one of Cramer's strategies for profiting from the stock market involves watching the new high list and then buying strategically. "Stocks on that illustrious list, the highest of the high, obviously have something going for them," he explained.
The "Mad Money" host went on to say that's especially true when stocks make new all-time highs in a market that's otherwise challenged. "Only the very best of the best can hit new highs when the market is falling apart," he said.
Therefore Cramer thinks when stocks make new all-time highs, they are essentially sending a message to investors. "They're either saying they're part of a genuine bull market, or that the company itself has some serious momentum."
And either way, that stock is a stock that Cramer wants to own.