Cramer Remix: Trump just changed the world forever
Looking back, it is clear to Jim Cramer that the world changed on Election Day in 2016.
"You may love the results or hate them, but one thing is for certain, just getting the darned election over with turned out to be a big deal," the "Mad Money" host said.
If President-elect Donald Trump delivered on all of his pro-business promises, then many of the strong moves of the stock market could be justified, he added.
"What is really dawning on people right now is exactly how frozen our economy was by this endless election and how unthawed it seems to be now," Cramer said.
In 2008, Trump outlined to Cramer his opinion of OPEC, and how he would handle oil prices. Trump noted that every time interest rates went down, oil prices went up, in a methodical fashion. At the time, oil prices were teetering on $100 and were predicted to head higher.
"Nobody in this country calls and says get that goddamn oil price down. You get it down, and they can do it! In the old days our people, our presidents used to call. We don't call anymore," Trump said. "They ought to call, and they say you get that price down, and you get it down fast … If spoken to properly, those prices would come down like you wouldn't believe." Trump said.
MGM Resorts International CEO Jim Murren responded to the news on Thursday that Macau planned to implement ATM cash withdrawal limits, saying that while revenues would be reduced, he was still optimistic about the long-term story for Macau.
"I think the controls the Chinese government have put into place are consistent with the kinds of controls they have put into place in the past … I don't want to minimize its significance, it will reduce some gaming revenue. But the long-term play in Macau is an extremely positive story," Murren said.
Cramer also congratulated critics and short-sellers for missing the boat on Lululemon. Shares of Lululemon rose 15 percent Thursday after reporting better-than-expected earnings and providing an optimistic outlook.
"I believe the main reason the analysts got it wrong is because Lulu is, indeed, bigger than a brand. Lulu stands for something," Cramer said.
Cramer said he was astounded by CEO Laurent Potdevin, and how well he understood the way young people think. In a September interview with Cramer, Potdevin explained that people shopped at Lululemon because of the culture of health and sustainability.
Shares of Ollie's Bargain Outlet have been on fire since Trump's surprise victory. However, after reporting a strong quarter with robust guidance, the stock fell almost 2 percent on Thursday.
Ollie's is the retailer with 187 off-price stores, that went public in the summer of 2015. The stock has nearly doubled since its IPO, powered by Americans' hunger for bargains.
Cramer spoke with Ollie's chairman and CEO Mark Butler, who confirmed that the company's business model was in line with what bargain hunters were looking for.
"America wants to save money, it doesn't matter who the president is. They want to save money," Butler said.
Cramer also expects Trump's presidency could mean deregulation for the financial industry. And with the Federal Reserve also expected to tighten, which would make mortgage rates less attractive, it could impact the mortgage technology platform Ellie Mae.
Ellie Mae provides mortgage origination software via the cloud that aims to streamline and automate the complicated process of getting a mortgage. Cramer spoke with Ellie Mae CEO Jonathan Corr, who said that a Trump presidency should not impact the company.
"I really don't think so. I think that regulation is definitely been one of the factors that has helped us grow, but a big part of it has been the overall secular shift to automating the origination process," Corr said.
In the Lightning Round, Cramer provided his opinion on various stocks from callers:
Intercontinental Exchange: "Trump stock. I mean look, it's about more volume, it's about kind of an explosion of listings I expect in 2017. I like the stock very much."
First Republic Bank: "That's a good bank, I would still buy it. I know it's moved up but you know what, it's got room to go. They all do."