Monday's stock market generated another record close, and on top of that, Jim Cramer saw an extremely rare occurrence — both FANG and oil rallied at the same time.
President-elect Donald Trump's surprise victory caused a sudden shift in stocks as money managers rebalanced portfolios. Money rotated into banks and drug stocks, but on the back of FANG. They took money out of technology, and rotated it into the new groups.
This time, it was different.
"The growth stock sell-off made sense when it seemed like there was no new money coming in. But we now have a host of sources showing that cash is flooding into the market, and when that money comes in it flows to stocks like FANG and the much aligned Apple," the "Mad Money" host said. "I think these all have room to run."
"At the end of the day, there is a big difference between expensive stocks, and stocks that have run. These analysts don't seem to understand that distinction, but I think they are making a big mistake," Cramer said.
Oppenheimer reiterated a buy rating on Apple on Monday, but said it expects iPhone sales to peak in fiscal year 2018, writing that "we believe Apple lacks the courage to lead the next generation of innovation; instead it will become more reliant than ever on the iPhone."
Ultimately, Opco said it expects Apple to "embark on a decade long malaise. The risks to the company have never been greater."
Cramer was flabbergasted.
Children's Place roared 13 percent after the company reported an incredible 28-cent earnings beat from a $2.01 basis, higher-than-expected revenues and a bullish forecast for the rest of 2016.
It was clear that CEO Jane Elfers had quietly been working on multiple initiatives to turn the company around, and those efforts have been paying off. In an environment that is difficult for retailers, Children's Place has dominated the kids' apparel space.
"I think this turn is still in its infancy and the stock has more room to run, although ideally you should wait for a pullback before you pull the trigger," Cramer said.
Randgold Resources CEO Mark Bristow told Cramer on Monday that he expects gold prices to shine in the long run.
"There are a lot of things impacting gold at the moment. I have always said that gold will be very volatile for the next two or three quarters, but ultimately the fundamentals are very strong for a rise in gold price," Bristow said.
Randgold's price initially soared on the panic surrounding Brexit, Bristow said, followed by confusion surrounding the outcome of the American presidential election. Thus, as the stock market continues to roar higher since President-elect Donald Trump's victory, the price of gold has been hit hard.
However, a bet on Trump could translate into investors buying gold. Trump has said he plans for tax cuts and infrastructure spending, which means the government may need to borrow a lot of money. This could prompt the economy to accelerate, and inflation to rise. When inflation rises, people buy gold. It's that simple.
Align Technology is the medical device company behind Invisalign, the clear and removable dental braces that make it easier than metal braces to fix teeth. It also sells a mobile scanning system that eliminates the need for dentists to take impressions of teeth.
Amid the selfie-oriented generation, Align's stock is up 46 percent this year. Align CEO Joe Hogan told Cramer that in North America alone, there are 100 million patients in the addressable market, with only 7 percent penetration. Moving forward, the company has its eye on India.
"We are going city by city, which you have to do in India, and we are recruiting about 50 to 60 orthodontists per city. And then we begin social media, and then the broader advertising campaign," Hogan said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Chevron: "No, when you get back to even it's not time to sell. You want to stay long or own Chevron."
Glaukos Corp: "It's a glaucoma company and I think you're fine, but it's a spec and the market does not like specs now because a lot of them have run already."