CNBC's Jim Cramer reveals why he is now a believer in Tesla. The "Mad Money" host breaks down why investors should listen to companies' earnings call and how he sees the millennial home-buying market is heating up.
"All my career I have been fascinated by companies with vociferous bulls and ferocious bears, if only because they can be so entertaining," he said. "Three things distinguish these stocks from regular run-of-the-mill equities."
Cramer said the wait is over as millennials are now buying homes in larger numbers, pointing to luxury homebuilder Toll Brothers' earnings report for signs of proof.
"After a decade of cocooning, millennials want to buy homes that represent value, which is in keeping with the way they shop for everything else," the host said. "The delay in … homebuying is over, the spending is just beginning."
In Cramer's lighting round, the "Mad Money" host gives viewers his thoughts about callers' favorite stock picks in rapid speed.
Synopsys: "That's actually a buy. They are doing better than the stock is indicating."
Lockheed Martin: "Inexpensive stock. Great cash flow. Buy, buy, buy."