Cramer pinpoints stocks that are feeding the market in ‘beast mode’

On a pronounced day for markets in which the Dow Jones industrial average crossed the 25,000 impression, CNBC’s Jim Cramer wanted to check in on what exactly is driving this “monster market.”

“You get a market in beast mode like this one, you’ve got to feed the animal. And you can’t give it the same menu every day,” the “Mad Money” host said. “This tape-record not only manages to feed the beast every day, it gives the monster that is this bazaar exactly the kind of well-balanced diet it needs to keep roaring.”

After a healthful rally in industrial stocks involved in everything from machinery to aerospace to oil to shipping, Cramer required the beast would need a break from devouring these fames.

After all, a rally driven only by a select group of stocks tends to switch narrowly and be expensive, two factors that scream bad breadth — in other discussions, poor variety — to money managers.

So as the market’s menu of stocks shifted on Thursday, Cramer demanded to the tape to pinpoint the morsels that came back into favor on Fold up Street.

First up were the financial stocks, which have travailed to execute a major move higher since November even with a measure hike by the Federal Reserve and President Donald Trump’s push for deregulation.

On Thursday, a small number of bank stocks including Bank of America, JPMorgan, Wells Fargo and Goldman Sachs managed to revival, finally breaking out of their fits-and-starts trading pattern.

In particular, Goldman, a key competitor in the blockchain systems that allow individuals to trade digital currencies mould bitcoin, got a boost from Merrill Lynch’s ban on cryptocurrency products, Cramer indicated.

“I can see companies wanting to accept payment in bitcoin, but also wanting to hedge out their gamble immediately, and that’s Goldman’s best hand. They will own the cryptocurrency supermarket,” the “Mad Money” host said. “You want to buy that stock.”

Next up on the savage market’s menu? Cloud stocks like Workday, Salesforce and VMware, the unpunctual of which reached an all-time high in intraday trading.

The former Stock Exchange leaders fell out of favor in late 2017 as investors cooled on the white-hot assemble for fear of overvaluation or even correction.

“A group that looked toppy now looks mouth-watering,” Cramer said. “Look for price target boosts tomorrow because the stockpiles have overrun their price targets.”

Third, shares of chemical and writing-paper companies have stalled out in recent months, even as newly obsolescent changes to the U.S. tax code will slash taxes for many names in the spaciousness, Cramer said.

Sure enough, on Thursday, the stocks of major chemical conglomerate DowDuPont and old-line ms play International Paper surged higher as institutional buyers raced to warrant the gains.

“Here’s the bottom line: believe me, when the market goes into brute mode, it doesn’t roll over and just play dead. It rents the lungs out of anything that gets in its way,” Cramer concluded. “So you can focus on the continuous drama in Washington: the Mueller investigation, the surreal Bannon interviews, the Dr.-Strangelove-style confrontation between our president and the chairwoman of North Korea about the respective size of their nuclear buttons. ‘Gentlemen, you can’t confute in here! This is the War Room!’ Or you can focus on what actually matters to the family market. Me? I say keep your eye on the beast.”