The ‘Up’ Stocks: Cramer’s ‘Mad Money’ Recap (Thursday 11/19/20)

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At this point in the year, the winners continue to win, Jim Cramer told his Mad Money viewers on Thursday. Indeed, every year at the end of November, hedge funds begin to double their biggest winners, making a handful of stocks seemingly unstoppable. Cramer said these “rising” stocks have the momentum power behind them and will continue to operate until the start of the year.

This year, there are 10 stocks “up,” Cramer said, starting with payments technology companies Square. (SQ) – Get the report, which is up 206% for the year, and PayPal (PYPL) – Get the report. Other anointed actions include Tesla (TSLA) – Get the report, which is added to the S&P 500, and Amazon (AMZN) – Get the report. Cramer said target (TGT) – Get the report made list for the holiday season, just like Roku’s cord cutter stock (YEAR) – Get the report.

The rest of the rising stocks were all tech and cloud names, including ServiceNow (NOW) – Get the report, Okta cybersecurity company (OKTA) – Get the report, RingCentral (RNG) – Get the report and the email service provider Twilio (TWLO) – Get the report.

Cramer said that all names have the power of the herd behind them, and you always want the herd to work for you, not against you.

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Executive decision: The container warehouse

In her first “Executive Decision” segment, Cramer spoke with Melissa Reiff, President, President and CEO of The Container Store Group (TCS) – Get the report, the store of the original organization with shares up 145% over the year. The shares are currently trading for 14 times earnings.

Reiff said four years have been difficult at the Container Store, but also very rewarding. She said that they have embarked on a new strategic plan and the strength you see now is the culmination of that plan.

During this pandemic, the role of our homes has changed, explained Reiff. Your home is now your office, your school and your retirement, she says, making maximizing the space you have and getting the most out of it more important than ever.

Reiff was delighted with their partnership with Marie Kondo. She said the Marie Kondo product collection will debut nationwide in January 2021 and will focus on the things that bring joy.

Asked about sustainability, Reiff said sustainable products are a priority for them. It’s difficult, she admitted, because plastic is both functional and affordable. But wherever possible, The Container Store chooses sustainability.

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Executive Decision: Robinhood Markets

For his second “Executive Decision” segment, Cramer checked in with Vlad Tenev, co-founder and co-CEO of Robinhood Markets, the commission-free trading platform that changes investing.

Tenev said Robinhood’s mission has always been to democratize finance. Many people mistakenly label young investors as reckless day traders, but in fact their data shows Robinhood investors are both smart and cautious.

When asked why Robinhood investors seem to be rushing when many seasoned investors panic and sell, Tenev says he thinks he has to do with different perspectives. He said young investors know they have a longer time horizon and therefore can take risks. Those approaching retirement age are uncomfortable with these levels of risk.

Tenev has not commented on rumors that his company plans to go public in the first half of next year.

Executive decision: Workday

For his latest “Executive Decision” segment, Cramer spoke with Aneel Bhusri and Chano Fernandez, Co-CEOs of Workday (WEDNESDAY) – Get the report, the cloud software provider with shares up 40% over the year.

Bhusri attributed their excellent quarterly results to their excellent sales team who did not miss a beat during the pandemic. He said Workday now has over 3,000 HR clients and 1,000 financial clients who are great references for their prospects.

Fernandez added that Workday had several big wins during the quarter, including Fifth Third Bancorp (FITB) – Get the report, Washington State and Novartis (NVS) – Get the report. But more importantly, Workday was able to bring new customers online this quarter, including 1.7 million employees at Walmart. (WMT) – Get the report.

Bhusri said businesses need flexible digital solutions and that’s exactly what the cloud and Workday can deliver. Businesses cannot survive using rigid, legacy systems. Fernandez went on to say that Workday gives customers a better experience for themselves and their employees.

Surprising strength of consumers

In his No-Huddle Offense segment, Cramer said the surprising strength of consumers has been an enigma for months. Despite pandemic and record unemployment, consumers are still spending at Costco (COST) – Get the report, Home Depot (High Definition) – Get the report and Williams-Sonoma (WSM) – Get the report. But Cramer said he got it.

Before the pandemic, consumers spent money on things like restaurants, movies, and vacations, all of which they couldn’t do. Instead, that money goes to their homes and the things they need for their home office, home education, and entertainment.

This new consumer is spending, but also paying off their credit card debt and increasing their savings just in case, which is prudent in times of uncertainty.

Lightning round

Here’s what Jim Cramer had to say about some of the actions that callers offered during the Mad Money Lightning Round on Thursday night:

Workhorse Group (WKHS) – Get the report: “It’s a tech company that builds cars and I’m not going to stand in the way.”

Pacific Ethanol (FISH) – Get the report: “You know I like Plug Power (PLUG) – Get the report for hydrogen. I’m not an ethanol guy. “

Therapeutic frequency (FREQ) – Get the report: “It’s very speculative, but I have no problem with that.”

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