Jim Cramer has been following the rise of industrial stocks since the election, and one particular manufacturer caught his attention this week: Fastenal.
The maintenance, repairs, and operation supplies distributor had a volatile 2016, with the stock trading up to $50 in the first few months of the year before declining to $38 by November.
"But since the election, like so many other cyclicals, this stock has caught fire, climbing up to 51 bucks and change as of today, including a 10 percent rally just since the beginning of 2017," the "Mad Money" host said Thursday.
Cramer attributed Fastenal's recent success to a few trends: industrial production and manufacturing orders picking up, deregulation coming from Washington, and manufacturing inventories getting smaller, which could give Fastenal more pricing power.
Watch the full segment here: