im Cramer had to give some credit to the markets on Wednesday. They finally started to make sense, and there was one move in particular with the price of oil that gave him a glimmer of hope.
And when the price of oil turned up on Wednesday, suddenly it took the averages with it, which is how the Dow Jones went from being down 193 points before the reversal and finished up 183 points.
“Something really profound happened today. The stocks of the companies that were most on the ropes in the oil patch … led the rally, and that’s actually a major positive,” the “Mad Money” host said.
Another stock that landed on Cramer’s radar was Disney, which rose 2 percent on Wednesday. According to Cramer, it would not be a smart move to bet against both Disney and its CEO Bob Iger.
Read MoreCramer: Here’s the golden price for oil
Cramer has always considered Salesforce.com to be the king of cloud. So while “Mad Money” is in San Francisco this week, he decided to check in with the CEO of the enterprise software company.
Salesforce last reported in November and totally blew away the numbers. However, since the beginning of the year, the stock has fallen 16 percent. Salesforce’s chairman and CEO Marc Benioff is driving the company to be the fastest enterprise software company to reach $10 billion.
“The key to growth, and the key to hitting these extraordinary numbers—and no one has grown as fast as we have in enterprise software—is two things: one is extraordinary customer success…And two is incredible innovation,” Benioff said.
[“source -cncb”]
