Cramer's Mad Money Recap: Cleveland-Cliffs, Tractor Supply

Many people think this market is as good as it gets. But Jim Cramer told his Mad Money viewers on Monday that the recent Wall Street action told him a different story. It tells him there is no peak in sight.

It has been decades since the US recovered strongly economically. But after the world was put on hold in 2020, there is so much backlog that most investors can't even understand how good things are going to be. We haven't even started seeing the travel and entertainment pickup, Cramer said, and that's just the beginning.

There is much more to our recovery than just cyclical stocks. Construction is also booming, which has helped Otis ((OTIS) - Get the report Shares rocket 7%. We also saw a strong rally in American Express ((AXP) - Get the report, as Cramer predicted last week, up 4.1% after the voyage resumed. Then there is AMC Entertainment ((AMC) - Get the reportwhich recovered 13.1%.

The market has even warmed to Skyworks Solutions ((SWKS) - Get the reportThe company's acquisition rose 4.5% as investors realized what Cramer noted last week. The takeover of the company is a fundamental change.

All of this good news didn't come until Monday and there is much more to come.

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Executive decision: Cleveland-Cliffs

In his first "Executive Decision" segment, Cramer spoke to Lorenzo Goncalves, chairman and CEO of steelmaker Cleveland-Cliffs ((CLF) - Get the report.

Goncalves said one of the most important decisions he made after his appointment as CEO was to bring back the company's original name, Cleveland-Cliffs. He said this is an important step in beginning the company's transformation from making iron ore pellets to finished steel products.

The post-COVID world will be unforgiving, Goncalves continued. Between supply chain disruptions, port congestion, environmental impacts and political concerns, overseas manufacturing is returning to the US and Cleveland-Cliffs will be there with the iron ore and steel it needs, he said.

When asked about the company's success, Goncalves said that people are the most important thing. Finding and retaining the best people is what sets Cleveland-Cliffs apart and why its many recent acquisitions have all been successful.

Executive decision: Tractor Supply Co.

For his second "Executive Decision" segment, Cramer also spoke to Hal Lawton, President and CEO of Tractor Supply ((TSCO) - Get the report, the agriculture-focused retailer with stocks that have tripled from their 2020 lows. Tractor Supply shares are currently trading at 26x earnings.

Lawton admitted that Tractor Supply may not be a household name in New York or Los Angeles, but his company has 1,900 locations across the country with 30% sales growth in the same business and over 20 million loyalty members.

When asked about growth, Lawton said Tractor Supply sees strength in its core customers, but also in a whole new generation of younger customers who have a rural, independent lifestyle.

Tractor Supply is not a category retailer, it is a lifestyle retailer. They sell everything from tractors and fences to pet food and feed. For those who want to raise their own chickens, Tractor Supply offers chicken coups, feed, heat lamps and much more. The company sells more than 11 million live birds annually.

Cramer named Tractor Supply one of the most important retailers in the country.

Executive decision: Hartford Financial

For his final "Executive Decision" segment, Cramer checked in Chris Swift, Chairman and CEO of Hartford Financial Services Group ((HIG) - Get the report, the insurer that has turned down multiple takeover bids from rival Chubb ((CB) - Get the report.

According to Swift, Hartford turned down several offers because he had confidence in the business and its plans for the future. As the economic recovery begins, you can't help but be optimistic, he said, and Hartford is in the sweet spot of small commercial insurance, where growth will be some of the biggest.

Hartford invests in its business while cutting costs and rewarding shareholders, Swift said. It is in the middle of a $ 625 million austerity program and has announced a $ 2.5 billion share buyback program.

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I hate to burst your bubble

In his No Huddle Offense segment, Cramer spoke out against all those money managers who claimed the stock market had entered the bubble area. He said there isn't a huge bubble in stocks, just three smaller bubbles including cryptocurrencies, SPACs, and some soaring stocks from last year.

While Bitcoin and NFTs get a lot of attention these days, they still only make up a tiny percentage of all trade, according to Cramer. Yet they are often sour money managers across the market. When it comes to SPACs, Cramer has been grumbling for months against this infinite amount of inferior goods.

However, when it comes to overvalued stocks, Cramer said it was time for money managers to stop complaining and put their money where they can. If they see stocks that are really overvalued, close them. Otherwise, stop complaining, he said.

Lightning round

Here's what Cramer had to say about some of the stocks callers offered during Monday night's "Mad Money Lightning Round":

Suncor Energy ((IT IS) - Get the report: "I think this is tough. It worries me. I like chevron ((CVX) - Get the report. "

MicroVision ((mvis) - Get the report: "That's another wild trader. I think it's a good one, but you have to be careful."

US Bancorp ((USB) - Get the report: "It's at a 52-week high with a decent return. I think it's fine."

ContextLogic ((WISH) - Get the report: "I think this one can have a run. 44% of the shares are currently short."

Veru ((VERU) - Get the report: "That came down a lot and is a crazy trader, but I believe in the company."

Natera ((OUR) - Get the report: "I believe in diagnostics. I will support this."

Flowers food ((FLO) - Get the report: "I've always had problems with this. This is a cut-throat business."

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At the time of publication, Cramer's Action Alerts PLUS had no position in the stocks mentioned.

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