Still, the “Mad Money” host told viewers to “be aware of the long-term picture of Caterpillar as the triumphant machinery company.”
Wells Fargo “put together a fabulous quarter and they show growth,” Cramer said. But the analysts won’t seem to get behind the company because WFC doesn’t fit “the thesis of negativity” that all bank stocks are bad right now.
The aerospace bull market is alive and well, Cramer said, as indicated by “a beautiful number” from Precision Castparts. And there’s a similar rally taking place in aftermarket auto parts, as evidenced by Monro Muffler. Cramer attributed the latter to “the fact that the dealer networks have shrunk.”
Also, cloud-computing stocks “are coming back,” Cramer said, pointing to VMware. And lastly, if Netflix , up over $19 or 12 percent on Thursday, never crossed your radar, Cramer thinks he knows why.
“If you have a 16 to 19-year-old,” he said, “you would have known Netflix. Because that’s how they watch movies.”
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