Cramer Remix: What the pop in Wells Fargo means for the market

Jim Cramer saw that the "animal spirits" of the market were talking on Wednesday. Meaning, some stocks did not rise because of actual news or conventional earnings.

"It is being justified by people willing to pay more because things are getting better," the "Mad Money" host said.

This explained the rise in stocks like Union Pacific, Boeing and Caterpillar, he said.

Cramer also explained that when things get better, interest rates go higher and that drives the banks. Hence, this is the reason why banks like Wells Fargo were able to bounce back, which accounts for a large portion of the stock market.

Marc Benioff
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Marc Benioff

Talks of Salesforce possibly acquiring Twitter resurfaced again on Wednesday, taking Salesforce's stock down more than 5 percent. However, CEO Marc Benioff told Cramer that Twitter has severe issues.

"It's a great product," Benioff said about Twitter, "It's an exciting product, but obviously the business has a lot of challenges, very severe challenges."

Salesforce has been on an acquisition spree this year, most recently with the purchase of Krux for $700 million. Cybersecurity has landed as a top technical concern, especially in light of the massive hack at Yahoo. However, Cramer noted that it is also a business opportunity.

Palo Alto Networks is a leading cybersecurity player that pioneered a next-generation firewall. After the stock struggled in the first half of this year, it made a remarkable comeback, with shares up 30 percent in the last three months.

Cramer spoke with Palo Alto's CEO Mark McLaughlin on what could be driving the resurgence of the stock.

"What people are focused on at the product side is this shift that's going on in how you deliver these platforms. A big portion of our business has moved into services, 65 percent of our billings in the past year is in services," McLaughlin said.


Chris Sacca, founder of Lowercase Capital LLC, speaks during an interview at the DreamForce Conference in San Francisco, Tuesday, Oct. 4, 2016.
David Paul Morris | Bloomberg | Getty Images
Chris Sacca, founder of Lowercase Capital LLC, speaks during an interview at the DreamForce Conference in San Francisco, Tuesday, Oct. 4, 2016.

Billionaire venture capitalist Chris Sacca told Cramer that few people from Wall Street and Silicon Valley are willing to back GOP nominee Donald Trump. This is a rare instance of the business community being largely united for one candidate.

"They are desperate for surrogates to get behind Trump and they can't find anyone who has actually had genuine success who is willing to stand behind him," Sacca said. "That is because he is all smoke and mirrors. We know he doesn't have all the money he claims he has."

As the founder of Lowercase Capital, Sacca was an early investor in companies like Twitter, Instagram and Kickstarter. He said that as an investor in the technology and consumer sectors, he aims to see lower interest rates and stable capital markets, an open IPO market, a limited regulatory environment and no censorship of the internet.

One of the fast-growing packaged goods companies on Cramer's radar is Constellation Brands, a leading purveyor of premium wines and spirits.

The stock has been on fire this year, thanks to the company having the U.S. rights to Corona, Modelo and Pacifico. On Wednesday, the company reported a strong quarter, after making various shrewd acquisitions to help it grow, including its recent $160 million purchase of High West Distillery. Cramer spoke with Constellation's CEO Rob Sands to learn more.

"We can use our sales and marketing expertise and our organization, and our distributor network to really jump-start a brand like High West," Sands said.


In the Lightning Round, Cramer gave his take on a few caller favorite stocks:

Diebold: "We have to have them back on because when they did that, we had them on and they told a pretty good story. But the stock has done nothing. Let's hold their feet to the fire. Bring back Diebold! The stock does seem cheap, but that's not enough for you or for me."

GasLog Ltd: "I was talking to Rusy Braziel, he does RBN Energy, and I've got to tell you, I am feeling more and more bullish about that liquified natural gas market because of how much we have versus what they need overseas. So, I think that Rusty is right. I think it's a really interesting market."