Mad Money

Cramer: Big themes staring you in the face (Hint: It’s not Pokemon)

Cramer: Big themes staring you in the face (Hint: It’s not Pokemon)
Cramer: Big themes staring you in the face (Hint: It’s not Pokemon)

Jim Cramer sees several themes on the market for the second half of 2016 that are staring investors right in the face.

These themes are the concepts that investors can depend on when the market inevitably encounters another sell-off.

"First, there's Pokemon Go. Just kidding, in fact that is the opposite of what I'm talking about. I have no doubt that the Pokemon Go craze will keep driving Nintendo higher and people might even want to buy Verizon and AT&T off of it, but it's not much of a needle mover," the "Mad Money" host said.

Cramer shared five themes on his radar for the second half of the year: bond market equivalents, takeovers, internet of things, retail and oil.

Ash and Pikachu in 4Kids Entertainment's animated adventure 'Pokemon3'
Warner Bros. Pictures

Once the yield on the U.S. 10-year Treasury fell below 1.5 percent, it made stocks with 2.5 percent yields more interesting. This group includes real estate investment trusts, master limited partnerships, utilities and consumer packaged goods stocks.

Many investors thought takeovers were done for the year, but then a deal with WhiteWave surfaced, proving that they are still alive and well.

"If I were General Mills, I would be tempted to one-up Danone for WhiteWave, if only to get the French company to pay more for the darned thing because they're vicious competitors," Cramer said.

The third theme is the internet of things, which Cramer thinks is huge. It doesn't just have to do with homes and cars, it's bigger than that. With so much potential for industrial application, Cramer still likes both Broadcom and NXP Semiconductors.

The fourth theme was retail, which can be much bigger than Amazon. Stocks that benefit from consumers seeking value appealed to Cramer. Those include TJX, Dollar Tree, Dollar General and Wal-Mart.

With credit possibly expanding, it could translate into consumers spending more on their homes and apparel.

The last theme is that finally, oil and the dollar will no longer determine the direction of the market for the rest of 2016. Simply, these two elements will no longer hold stocks hostage.

"No, I'm not saying that when oil rallies it will no longer help the bulls, because it will. I'm not saying that the super-freaking strong dollar can't go any higher; if the Fed raises rates, it will," Cramer said.

With the price of crude finally falling into range, the commodity has lost some of its influence. This was evident last week when oil had the worst week in a long time and the had one of its best.

Cramer expects that the linkage among stocks, oil and the dollar will become less pronounced and the value of earnings will finally come to the forefront.

"If you ask me, it's about time," Cramer said.

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