Previous peak on february 19th and all i heard is its because were having a v shaped recovery wrong, wrong, wrong. Not just wrong but laughable in a v shaped recovery the Dow Jones Industrial average would be hitting highs but this move is led by the nasdaq and s p including today the dow lost 67 points as the s p advanced 2. 3 , the nasdaq gained 7. 3 you dont need to be a Rocket Scientist to figure this out look at the stocks that have brought us to these levels they are not the recovery plays. In fact, they are the opposite they are stocks that tend to do well because of what we call secular considerations, not secular like nonreligious but secular as in they are doing well because of trends in their own industries, not the economy. Far from it. Allow me to explain. We had a magnificent v shaped recovery in the stock market, but the stock market is not a great reflection of the voter economy anymore. If anything, the actual economy is in precarious shape now that the government stimulus package has run out and Congress Went home for the summer and dont even get me started on the destruction of Small Business thats about to happen so i want to put this whole notion of a v shaped recovery on trial because it doesnt stand up to even the most mild of scrutiny first witness for the prosecution in this list of stocks that have done well is payp paypal the best performer since the february peak. We interviewed the ceo that made it clear paypals business is on fire because nobody wants to touch cash when it could be bathed in covid and nobody wants to put their pin in a debit card reader we need contactless payment and thats paypal in a nutshell. This stock rallied 57 , you need to know thats terrible for the regular banks. Jp morgan, bank of america, citi group, wells fargo all could be partisan but bad for their Business Financial tech plays like paypal thrive when money mangers are afraid to own real financials with actual credit risk. They need financial exposure to buy fintech. Invidia, the company i named my 13yearold rescue dog after its a little green card, its his i. D. , i. D. Card, you swipe it he would not have swapped. Anyway, hes dumb as a bag f ocho h of hammers, unlike invidia the dog, this stock can hunt gaming, data center. Invida today is what intel was in the 90s. Modern daiy leonardo dvivinc hirks,hirki. Plus has a cool Leather Jacket i could never pull off i dont know if they can justify the stock but its not the stock wall street flocks to in a rapid economic recovery. Its anti cyclical and figures out how to make things that dont even exist in most of our minds. Third witness is apple up from the february top what can i say for years ive said you should own apple, not fraud trade it ai stuck to the party line. The stock get hit with wave after wave of downgrades negative stories how to be crushed by china or knocked out or beat by the worldwide recession. None of it mattered. The company put up incredible numbers because ipads, iphones are essential in the economy and the companys products are loved with a 99 , well, what do you say . Satisfaction the best there is. Apple isnt a recovery play. It secular growth that works in good and bad own it, dont trade it cramer fav like invidia taking share from intel thanks to the leadership of the ceo lisa sue this is all about p. C. S and data centers. This was the quarter where they beat intel because they can make smaller chips. It up 30 . Once again it is not a recovery play but a classic david and goliath story. It bibiblical. You need technology from cadence design systems, the fifth best performer. Cadence is an opaque company but tells the same story were looking at a tech rally, not a recovery rally witness number six which is not to be confused with what we serve at my small plate restaurant struggling with social distancing in brooklyn. It is up 27 from february peak. Why you ask . They make radio chips for you got it, iphone, have a good client, will travel. Qualcomm tells the exact same sto story. Their property makes cell phones possible and may have won major lawsuits thats why qualcomm is up 20 . Nothing to do with the economy we have a Semi Conductor up 22 . Were selling lots of gadgets for the stay at home economy or one of its peers up 12 and one of the best performing stocks. Not a recovery witness number nine, service now. The Cloud Based Software company for Information Technology and back off the jobs. Service now is a cloud king. The new ceo came in hot using his massive rolodex to win clients. Once again, this is a digitization stock for that design work it rallied 21 since the s ps last peak. For those of you that think im cherry picking, the next ten best performers look similar three Semi Conductor and Semi Conductor equipment stocks, one work from home play, two fin tec techs, two e commerce names and microsoft. The s p 500 isnt making highs because of the industrial or retail and banks that want Small Businesses and companies hiring, no this move is fueled by the biggest story of the covid recession, digitization. Cut out the fat with the fat being the people part of the real economy when you cant afford to hire people, you bring in this brigade of hardware and Software Companies and they do it for you in brutal fashion. Meanwhile, the industrials are nothing to write home about and financials are dreadful and home depot, walmart offset by losers, bankrupt companies too small to talk about the winners are companies most divorced from the underlying economy. Not plays on a v shaped recovery, there isnt one. They are plays on an l shape economy. Here is the bottom line. The s p tales are told by an idiot signifying nothing about the hardship of millions of people on food stamps or the millions about mato be fired or people just huddling home waiting for the vaccine, which currently feels a lot like waiting for the dough. Stephon in florida caller booyah, jim, thanks for having me on the show. Glad youre on the show whats happening caller i want to ask act Madison Square garden msgs trading at 158 half of the 52week high of 316, 10 above Madison Square garden is a household name that doesnt seem like it will go to the wayside after conducting business. Sports have to come back and Madison Square garden will resume normal operations when it happen s if you feel that way, stephon, then just go buy live nation it a better run company. He will do a much better job thats the better one. Stock is down 30 . Lauren in virginia, lauren caller booyah jim cramer from virginia here i have a question about a company that has done a recent acquisition of compel la university, the stock got down from its last earnings call. Okay. Caller it looking to do a Public Offering of shares to acquire more education so what do you recommend for this online educator provider im not a big fan of online education. They tuck a great game and fabulous and they will come on and make you want to buy the stock and youll get what you see on the screen. Christopher in california. Caller hi, jim, thanks for having me on the show. Im glad youre on the show. Caller so my question is with the schools starting to reopen and folks getting back to work, i was thinking people might need some new jeans. Whats your thought on levi . I happen to like chip burg. I like levis but right now the apparel business unless youre in colombia sportswear or lululemon is the place to be as much as i think levis will be a winner long term, its too long term for this guy all right. This is not a v shaped recovery. I need you to go im not listening. Im not listening when those chatter heads excuse me, ill advised people come on our show and enter on the paper tell you this market is telling you about a v shaped recovery. Look at these stocks look at the stocks that brought us here. You see any recovery there no on mad money tonight, home depot and walmart grabbed headlines but im focus on a boxed retailer concerns about the u. S. Recovery put the dollar on the defensive but can the status be the worlds number one currency . Im going to go off the charts for a surprising story and colombia sportswear through the uncertainty . Im talking with the ceo after earnings so stay with cramer announcer dont miss a second of mad money. Follow jimcramer on twitter have a question, tweet cramer mat tweet har madtweets or call us at 1800743cnbc miss something head to madmoney. Cnbc. Com. Businesses are starting to bounce back. But what if you could do better than that . Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. Thats why were helping you stay ahead and adapt with a network you can count on, 24 7 support and Flexible Solutions that work wherever you are. Call or go online today. Right now, switch to tmobile and get four lines of unlimited for just 25 bucks a line. With access to americas largest 5g included. Thats right. Unlimited and nationwide 5g for the whole family for just 25 bucks a line. Only at tmobile. Lookentertainmentour experience xfinity x1. Its the easiest way to watch live tv and all your favorite streaming apps. Plus, x1 also includes peacock premium at no extra cost. This baby is the total package. It streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. Yup, the best really did get better. Magnificent. Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. Were hearing from all sorts of big box retailers this week but you cant expect them to hammer home the full story, which is that their smaller competitors are been devastated by the pandemic. They cant brag about stomping out mom and pop stores and none of the ceos wants to be raked over the coals the stunning numbers were fantastic. If you watched all day, you dont need me to tell you that but every once in awhile you hear about a chain that owns an entire category and isnt afraid to say it. We saw it passed with boot barn and why assembly of boots in western style apparel and canada goose which owned the highend parking category until they couldnt maintain growth and other competitors caught up. We saw it with lululemon and today i got another one and if you watched the show last night, you know it called grow generation that Sells Everything you need to grow cannabis at scale. Yes, its the Tractor Supply of pot. Hyd hydro ponic rimes with chronic they told the best story i have heard in ages. Look at that hes lost weight have you noticed all right. Im a gardener although, my plants tend to be more traditional if youve ever been to a gardening store, you get flats of plants and plant them usually there is nobody to help you. It tough enough to get someone that can tell you you might need tomato baskets or stakes if you want seeds, forget about it they have no real help beyond checkout people that drives me crazy. Ive been to a lot of Gardening Stores and always disappointed, especially Gardening Centers since they all have bonnie plants, which is an iffy plant grow generation is different i rarely circle back to a guest thats on. This is an 840 million operation like growing, like well, growing like a weed. It got 28 stores and this past quarter the same store sales were up 49 . If you use these, you have to take out the seeds and thats why they work so well. I dont suggest you use these because you have to take the seeds and gunk out anyway, 49 is insanely good even though small. Even though stunning numbers dont capture the full story grow generation is a specially chain kalterri ecatering to the Marijuana Industry state after state. This is a great time to get into gardens because there isnt a lot to do for fun. What makes the chain special the runway they only have a hand full of states each market they want to nearly double the store count next year via opening their own large stores and acquisitions there are roughly a thousand independents out there that can put up hundreds of stores and be nowhere in saturation. Grow Generation Stores have all the equipment you need to get into the weed business including specialized lighting it not easy setting up a hydroponics lab. They have everything to help you if youre a Small Business or individual what does this have going for it it a marijuana play. The current crop is truly wanting. Tilray, canape, they cut the hearts out of the shareholders only green thumb interests me. Second, grow generation doesnt do canada. Its not u. S. Only which makes a ton soft senof sense and less s. Third, given legalization tends to be popular, seven more states it can expand. If you get a democratic sweep in november, there is a real chance we get federal Marijuana Legalization biden is against it. If the Democratic Congress passes it, i dont think hell veto it. It would be one of the hottest stocks in the market without that, though, they have a ton of room to grow in the states where its currently legit in california, oregon, washington one big caveat, the stock is up. They wont do that in your face and a scarcity in the cannabis business the big box chains dont want to touch this you have my blessing to put on a small position tomorrow. Then wait for it to come in to buy more because this is one of the best stories in retail thats going right now stick with cramer. Some Companies Still have hr stuck between employees and their data. Entering data. Changing data. More and more sensitive, personal data. And it doesnt just drag hr down. It drags the entire business down with inefficiency, errors and waste. Its ridiculous. So ridiculous. With paycom, employees enter and manage their own data in a single, easy to use software. Visit paycom. Com, and schedule your demo today. I like that new off the charts music i hope it continues. It probably wont. Were talking about the dollar and thats why we play it. For months they had a weaker dollar the government is borrowing drills upon drills of dollars and putting money like putting money like there is no tomorrow we know that you expect our currency to get hurt like everyone elses which is how things play out thats one reason so many industrials managed to have great stocks here. A weak dollar means exports are cheaper for the rest of the world and gives us a big competitive advantage and makes imports more expensive this is great for the economy. You need a Manufacturing Base but hurts the consumer and certainly if you want to go overseas all told you cant anyways so what does it matter. All told, i love when thegreen back goes down because you have tons of u. S. Base nationals and overseas earnings are worth more with a weak dollar for example, just to walk you through this. If you make 100 euros in france or germany, thats worth 120. Earlier barely worth 100. Its huge. If the downward trajectory holds it and changes every industrial Conference Call going forward. But and this isnt ominous but for the internationally oriented companies, what happens if the dollar is about to get stronger again . I know someone is thinking this. Maybe it sounds unlikely to you given that the fed is in money printing mode. In twitter at jim cramer, people hate this piece. The rest of the world has done a great job of containing the pandemic aside from brazil were going off the charts a dollar rally might be in the cards and you have to get bullish on the dollar. This is with the help of Larry Williams, the legendary figure trading since i was a kid and written more than a dozen books and has his own website and recent track record frankly is down right spectacular williams thinks the dollar could be ready to roar here, which is huge out of the box call nobody else is making but making a lot of great calls lately and in april when everyone was terrified the sky was calling, afraid we would open mid may and the average would roar higher. A month ago he said the s p was headed towards new highs although what happens spot st se stock market after that . First, take a gander at the char chart. It measures money after training higher for years, right, look at this up, up, up. The dollar started getting slammed when covid hit and since then continued to trend lower. You see this red line at the bottom this is data from the cftc commitment of traders report the cot report it shows you the buying and selling of commercial dollar index, banks and governments, whenever they build a big net long position above the gray horizontal line, williams points out the dollar index tends to rally consistently we have gotten to a point where the commercial hedgers are in a long bullish position that says buy the green back next, check out this monthly chart with the different key indicator. Okay this blue line is a model that measures the relationship between the dollar index and crude oil prices typically there is a Strong Negative correlation as oil is priced on the dollar williams knows every time the blue line goes into under valued territory since 2005, it has correctly predicted a big rally in the dollar index and thats exactly where we are now not believer okay what about seasonal patterns lets zoom in not using the zoom but zoom in on the weekly chart of the dollar index. The zoom the brunch, zoom, no this is not what were talking about. Zoom in on the red line shows you how it tends to trade at a given point in the year. Williams points out were nearing the seasonal low for the dollar and in about six weeks, history suggestions we should get a nice rally but these patterns arent set in stone so you can only take that so far to the bank let zoom in further with the dollar index daily chart last week we got what is known as a td sbuy. The titan of Technical Analysis noticed a powerful whats known as reversal pattern, cant get into the details now well take a little too long we c