While CEO Brian Cornell may have made some mistakes, Cramer didn't blame Target's struggles on him. The bricks-and-mortar locations are simply losers in this world unless they deliver to the stay-at-home consumer or sells goods that make their house better.
This explains why Home Depot and TJX have rallied since they last reported.
The range of things to do at home has never been broader, too. Netflix has transformed home entertainment. Videogames by Activision Blizzard, Electronic Arts and Take Two Interactive, combined with the high-speed chips made by Nvidia and Advanced Micro Devices can create a more immersive home experience than ever imagined just a few years ago.
Consumer packaged goods companies like PepsiCo, which has Frito Lay and other good for you snacks, are what people eat when they aren't gobbling up Domino's. They can tell Alexa to order wings from Wingstop. The couch is now the home.
When consumers do leave the house, they want an experience that is worth showing their friends on Facebook, Instagram or Snapchat. They go to Ulta Beauty or Sephora to look their best so they can take pictures, Cramer said, and go to theme parks like Six Flags or cruises from Carnival. They book their trips on Priceline.
Of course, they use their iPhone to take the pictures that they post.
The stay-at-home economy has now upended every aspect of people's lives, and Cramer says it is still just in the early stages and isn't going away any time soon.
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