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Jim Cramer (0:48)
My mission is simple to make you money. I'm here to level the playing field for all investors. There's always a bull market somewhere and I promise to help you find it. Mad money starts. Hey, I'm Kramer. Welcome to everybody. Welcome to Kramer People make friends. I'm just trying to make a little money. My job not just to entertain, but to explain all this stuff. So call me 1-800-7-3 CBC tweet me to Kramer. Remember today. Remember it because it's a textbook reminder of what happens when you decide the mega capitalization stocks are done. When you think that they're written off. When you decide the moment you give up on them what happens, they come roaring. Yep, while the market managers dow inching up 124 points from record high although it's down at one point. SB advancing.57 said also a record high NASDAQ 18.63%. The old favorites rose up as if by magic and began another run. I know what they are the most like Santa's reindeer. There's Dasher and Amazon, Dancer and Alphabet, Prancer and Microsoft, Vixen and Apple, Comet, Metal Cupid, Tesla and of course poor left behind Rudolph the Nvidia reindeer. Let's start with Apple. All right, here's a company being highlighted as the second biggest loser in the Justice Department's case against Google as Google paid Apple a lot of money to be the default search engine. Why? This is bad. This eludes me. Okay, Google's the best. I'm glad it convinced Apple which could have chosen inferior platform, but the just wants to deal smashed. So it would be terrible for Apple, at least theoretically, because Google pays in something like $20 billion a year for the privilege. So why is this not going up? Well, some is the residual impact from a piece of research yesterday Morgan Stanley put a bullish note about how iPhone upgrade rates are actually improving and the new Apple intelligence might be making a difference. But you know what? I also think CEO Tim Cook, who's in China right now, when President elect Donald Trump is actually talking about a 10% tariff on top of what we already placed on Chinese imports. That shows that he may be the only American businessperson to truly offer China a great deal and get one in. In fact, I think Apples up because the China tariff could have been much higher. If 10% is the opening bid, then you have to believe that things are a little more collegial than we thought. It's a good reason for the whole market to rally, not just Apple, if the relationship with China can improve that. Tesla is a big winner too, as long as it doesn't improve too much because the Chinese have some amazing electric cars that they're already facing 100% tariffs here. Still, China's a very important market for Elon Musk, the man who has Trump's here. Not only that, but when Trump wants to slap a 25% tariff on Canada and Mexico and a 10% one on China, the Chinese might see that as an olive branch coming their way. Oh boy. And of course I did I ever have the wrong view on Canada, apparently is a hotbed of illegal immigration and fentanyl smuggling. Who to thunk it? Amazon's got a knob from bank of America. This one's pretty generic. It's talking about the strength of E commerce and the cloud and online advertising. Wow. Now you could say, so what? But think about this. Do you know how many companies would love to get a nod like that out of nowhere? Yet they almost never get them. These companies do. Now, the big gain in Microsoft is a little convoluted. This morning Best Buy port a subpar set of numbers, sending this travel trust holding down pretty hard. Thank heavens we've been selling a lot of it ahead of the quarter. In response, we had to do it because we saw the earnings from Home Depot and Lowe's. But CEO Corey Barry said one of the standouts of the quarter was the apc, although it hasn't really broken out. I figure with the domestic computers growing at 5.2%, some laptops up 7%, some have to be AI Barry explained that replacements and upgrading drove the gains. As she put it, quote, we're excited about what's going to happen in the future to AI, end quote. Now, frankly, I actually regard this as a tepid endorsement, damning with faint praise, so to speak. But you have to understand, winners get the benefit of the doubt. And Best Buy's presumed IPC numbers can be read as arousing applause for Microsoft's copilot. I wish you could come up with a good reason for a metal platform. So today, I mean there are some amorphous positive comments about how matters smart glasses have taken China by storm. They're very cool. I get that pretty shot. Perfect. Though it could be going up because it's being buoyed by the Myriad Magnificent Seven ETFs. So it's kind of like this, you know, all for one and one for all. They all go up. I like a stock that go up big on nothing, but I have no allegiance. It can therefore come down hard to that said, think of it like this. There's not a lot of supply on the way up. And on the way down there's a company's gigantic buyback hoping that it'll help cushion the blow. That's what I call an asymmetrical positive. And then there's Nvidia, the Rudolph Fred nose reindeer of the Magnificent Seven. Nvidia stock is struggling in a typical post earnings miasma. We know that nothing's wrong. We just saw the numbers. They were terrific. Yet there's a growing skepticism that things have peaked, that the rate of growth is slowing, that the bang for the buck has lessened and that the competition is increasing. Especially from Amazon, of course. We hear this every time. I want to unpack these supposed negatives and not, not that I know who packed them first. Amazon is not going to go into the high end chip business away from Nvidia. It simply needs a regular supply of other chips. Nvidia has a shortage because they literally can't find enough manufacturing capacity to meet the demand. So Amazon makes some of them itself. What matters though is that Nvidia welcomes the competition. If you can call it that. I don't want to. Here's the deal, okay? Invader still has the best technology by far. In my view it is no competitors. Amazon remains a huge and I am told from both sides, happy customer. Next. Has I really peaked? I have so much trouble with this if it is rolling out software as part of its stack and I think that many people don't even know that. What they have going for. I don't think that people know they have software. Which brings me to Fool God. Oh, this morning we found out about a project fuses, sounds and inspires ideas. And not unlike what Shot in the Ryan does with Adobe, they put ideas out there to inspire, to get people thinking. Fugato, as CNBC's own fabulous Deirdre Bosa explains, is part of Nvidia's moonshot, is an AI idea factory product. It's not a retail thing, even as we can all play with it. What matters is that periodically Jensen Huang CEO puts out ideas that turn out to be very, very big, like his DGX operating system that actually began from Nvidia Shield, including a Shield tv. As usual, it's a little complicated to explain, but Jensen put Fugato out to get everyone thinking and no more than that. No more. There's a lot of Nvidia. It's simply a big thing, the sort of thing that good companies used to do all the time, but if they're costly and expensive, they don't get done anymore. I actually love these kinds of analyses. They don't depend on the fit, they don't have anything to do with Washington, the Beige Book, whatever, with the possible exception impossible, not China. It's just the usual blocking and tackling that these companies keep giving you that I love so much. Here's the bottom line. Don't begrudge the market the mega caps. Don't begrudge them, don't spoof them, don't even attack them. Just buy, buy, buy, buy them. Joseph in Connecticut. Joseph?