President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Cramer's has discovered a smaller and more speculative way to play the cloud. Intrigued?
"I'd like to introduce you to ServiceNow," said the Mad Money host.
Founded in 2003, Cramer believes is on the cutting edge of new technology that's incredibly desirable for businesses of all shapes and sizes.
"The company has created an easy-to-use cloud-based development platform that allows IT managers to write their own applications," Cramer said.
"Not only does ServiceNOW have superior technology and very strong customer support, but the total cost of ownership for their software is 50% less than the competition," Cramer explained.
A superior product sold at a lower cost - that sounds like a textbook scenario for booming sales. "At the end of last year, they had a $550 million backlog of business," Cramer added.
And the rate of growth over the next few years is significant.
"ServiceNow is expected to generate $410 million in revenues for 2013. Meanwhile, management thinks they can grow that number to $1 billion dollars by 2016. That's a 35% compound annual growth rate," Cramer said.
Looking at the potential, Cramer can't help but wonder if ServiceNow is at a stage in its growth that's somewhat similar to Salesforece.com in 2005. At that time Salesforce went into hyper-growth mode and shares surged in lockstep with the business.
Now make no mistake, a stock with big reward potential also presents greater risk. ServiceNow is relatively small and there are headwinds blowing.
1. ServiceNow is not yet profitable.
2. On a price to sales basis, ServiceNow is trading at 11.5 times next year's sales estimates, which is quite expensive.
3. ServiceNow is a momentum stock with earnings due next Wednesday. Even the slightest misstep and the stock could tumble.
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Considering all the catalysts both positive and negative, Cramer came up with the following strategy.
"Put on a small position on Tuesday or Wednesday before the company reports. But hope for a misstep. Then establish the rest of your position on a sell-off. In this case, I believe the reward is well worth the risk.'
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