Stocks have been pulled down by the gravitational pull of a Brexit, but Jim Cramer found one bright spot in the market that managed to defy the pull of the averages and roar higher on Monday.
Twilio is the cloud-based developer of communications software that went public last Thursday at $15 a share. In a single session it managed to skyrocket to $28, a 91 percent gain.
"Twilio's huge first-day move suggests that some of these Silicon Valley unicorns are real businesses with real value, not just mythical creatures with absurd valuations, and the market may be willing to pay up for growth again," the "Mad Money" host said.
Twilio's customers include customers such as Uber, Nordstrom and Facebook's WhatsApp, as the company aims to be the toolkit for software developers around the world. It uses the cloud to create platforms that help developers build, expand and operate in real-time communication, and make it easy for them to embed voice messaging, voice authentication and video capabilities into their apps.