The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Stocks in Asia slipped on Tuesday, while investors looked toward a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to happen later in the...Asia Marketsread more
A week of dovish fireworks out of the central banking community has just gone by with most of the world's leading central banks now guiding towards easing in light of downside...Commentaryread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China's Ministry of Commerce...World Economyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
U.S. President Donald Trump's senior adviser Kellyanne Conway will not testify before the House of Representatives Oversight Committee this week on her alleged violations of...Politicsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Investors may worry about what is causing the stock market's monster rally, but Jim Cramer insists that it is all about boring stocks like financial technology player Equifax.
Shares of Equifax, one of the country's three biggest credit reporting agencies, have been on fire, rallying almost 20 percent in 2017 and far outpacing the index over the last five years.
How? Equifax makes money from the fees it collects from banks for checking customers' credit scores, selling software to help banks do that, providing workforce solutions for companies' human resources departments, and selling subscription-based credit monitoring and identity theft protection to individual consumers.
The company also uses data and analytics technologies to provide unique insights on over 820 million consumers and over 91 million businesses around the world.
"If all of this sounds really dull, that's because it is. If you want to put someone to sleep, start a conversation about credit scores," the "Mad Money " host said. "However, this market loves dull. Equifax is exactly the kind of boring, slow-and-steady company that's been embraced by Wall Street lately."
Founded over 100 years ago, Equifax's stock has caught fire lately thanks to the company's accelerating revenue growth and consistently rising operating income.
The growing importance of data has helped the agency sustain its growth levels, as consumer lending platforms like SoFi and LendingClub, which use computer algorithms to streamline lending, pop up across public and private markets.
"But these algorithms only work if they have huge piles of data, and the best data you can find here is the kind of consumer credit info that's Equifax's bread and butter. And it's not just the banks," Cramer said. "These days, everybody wants to see your credit score, from car deals to phone companies to advertising agencies who want to ... do more targeted marketing."
That is how Equifax, along with its competitors TransUnion and Experian, has had such a strong run. Add in Equifax's good management team, which has pursued growth at nearly every turn and made a series of small but smart acquisitions, and Cramer is a big fan of its story.
Equifax will issue its quarterly earnings report next Thursday. Last quarter, the stock pulled back slightly despite a strong report when management gave somewhat conservative guidance, so Cramer thinks earnings might provide an opportunity for investors to get into Equifax.
"Here's the bottom line: this rally is not just about the stocks of sexy, high-profile companies like FANG," the "Mad Money" host said, referring to his acronym for the red-hot stocks of Facebook, Amazon, Netflix and Google, now Alphabet. "It's about boring, slow and steady companies that just don't get enough appreciation from investors, or certainly from the media. Stocks like Equifax. I think there's more upside here. My recommendation is that you buy only a little at these levels just in case the stock pulls back after Equifax reports next Thursday, at which point I would be more aggressive if it came in.
Disclosure: Cramer's charitable trust owns shares in Facebook and Alphabet.