Nasdaq gaining 0. 67 even as two of the most sectors out there, autos and retail, just cant get out of their own way . How is this even possible . Look, it makes sense to be concerned. The United States, after all, is a service economy, with much of it revolving around what we purchase today was another reminder as we see whole portions of the auto sector, just getting obliterated sell sell sell. With the retailers once again on the ropes the papers, the papers are filled with the dramatic decline in auto sales year over year the house of pain thats historically been a terrible sign for the broader economy. Today we get the complete collapse of the auto parts retailers. Led by the unfortunate Oreilly Automotive really oreilly a very Reliable Company where theyve given you 1. 7 samestore sales growth. Thats down from the 3 to 5 Growth Management had been forecasting. It caused the company to announce their earnings and drove the stock down 19 today we got a real domino effect sell sell sell sell sell sell sell sell. With the stock of advanced auto parts plummeting 11 and auto zone falling over 9 . Thats incredibly strong stuff when taken with slower sales, it suggests the consumer is not spending on cars, period now, oreilly tried to pin the weakness on the weather. But its obvious that theres been a structural change to this industry, which has led to declines in what was once a steady group these were so ferocious they roll over to the aisle of home depot and lowes and the weakness spread through retail etfs. So it was a total Chain Reaction for the longest time, this kind of concentrated selling could bring the market down. Theyre too big to ignore. But today it even barely scratched the surface of the market what the heck is going on . Ill tell you what is going on there have been some fundamental changes in the u. S. Economy that are not being acknowledged and theyre allowing the market to blossom without retail sales or auto so i see ten sectors responsible for much of the recent advance and its worth going over them look at these, i got these socks at macys yesterday for a real bargain. The ten sources of strength, health care, travel and leisure, cap on goods, oil and gas derivatives, the stay and home generation, defense, air owe space, housing, ecommerce and banking. I flipped those two. Any way, how do i know these i spent a huge amount of time n analyzing the 52week highs. First theres a major change occurring how individuals spend their time and money we shouldnt roll our eyes theres a sense that millennials dont have much of a use for material goods anymore some of this is no part of the selfie generation. They want to take pictures of themselves and post them on facebook and instagram whatever travel and leisure stocks, everything from hotels and timeshares to airlines and cruises live on the high list because they have endless runs of better than expected earnings, thats what drives stocks and then theres Health Care Health care, arent we always fretting and worrying about the runaway health care bills, right . I mean, its like all in a cliche they become a fact of life as much as we hate them, our inefficient system is terrific for the medical device makers, hospitals, pharmaceuticals, you name it. Third, weve gotten a surge in the earnings of the capital g d Goods Companies and thats related to the improving global economy, not the u. S many businesses realized years ago they had to diversify away from the United States and they spread their wings to europe and asia and emerging markets. Those moves turned out to be poorly timed, at least until this year with the rest of the world in recovery mode, heavy equipment makers are experiencing what im regarding as a nirvana moment. I know nirvana fourth, the companies that consume our natural resources, the makers of plastic, are experiencing an amazing renaissance, with the cheapest feed stock in the world, they dominated. You have to check the symbols, who is that . What is this huntsman . Get it fifth, retail keeps getting killed because the consumer is staying at home. But the flip side is the reason they stay at home, because Home Entertainment has never been better, from netflix to video games. We have more and more things drawing us away from going out the money is going somewhere, just not like where it used to be, like dominos. Did you own dominos five years ago . Six, with the news that north korea just successfully tested an icbm, when you throw in our Defense Budget goes higher, it makes a stronger earning streak. Seven, we also have the aerospace bull market to thank eight, we know housing is an industry that punches above its weight it accounts of 10 of consumer spending, but the demand is off the charts, versus supply. Each though the overall housing start numbers arent that strong and rates are going higher, the same does for the businesses that sell into Home Improvement retailers. The reason that strength doesnt extend to retailers, the power of ecommerce. Meaning amazon with the addition of whole foods, amazon is becoming its own separate category. But there are whole complexes of companies and businesses involved in getting product to you from the wherever, the sup ply distribution, dont know, the warehouse. Look at that stock to the data center, reitz, fedex, ups and theanks to the feds commitment to raising rates despite low inflation, and new rules that allow them to return more capital to shareholders, we have a brand new bull market so its true, autos and traditional retail may be weak, but these ten other sectors can just f just foyie a lot of strength, certainly to make the stock market plow higher even without the usual suspects helping us along. Mark in louisiana, mark. Caller booyah, cramer booyah right back to you go ahead caller shout out to my wife, our 1month anniversary. I didnt know you had that after a month. Go ahead caller is it possible the company will be able to make decisions faster with a focus on creating value and making innovati innovation what was the company . Ford motor company. No, no. Happy anniversary, though. Lets go to laura in florida laura caller hi, cramer, how are you . Good, how about you caller good, good. So i bought wells fargo last wednesday morning as a trade, as an open and prior to the feds announcement the banks had passed the second set of strength tests and ultimately, i sold it friday morning at a nice profit my question was, would it have been Worth Holding the stock as a longer Term Investment based on the banks laura, you did it just right. You got real horse sense my Charitable Trust you can follow we told the club, this is a chance to scale out of wells fargo. They got a heap of problems, its going to take another ten months before people forget them its an inexpensive stock but i want more of that out of the stock. We deserve that. Im going to my home state, joe in pennsylvania. Joe caller hi, jim, its joe from erie, p. A thank you for taking my call you are an asset to the community. Really . Caller i bought facebook after the ipo and its done very well again, my Charitable Trust did the same caller i own three oil stocks i am wondering if i should consolidate and what is the best way to do . Epd is the only one of those that is great. They dont have wild and crazy ambitions. They are level headed. Epd is the best of that group. Sure, the autos and retail, theyre not doing too well all right, lets stipulate that. But you know what . There are another ten sectors justifying the market strength and i think they can continue to do so. Some of the markets top performance, but many arent willing to give them the time of day. Is this creating an opportunity for you, the home gamer . Dont miss my look at tech sectors top ten. And im going to go off the charts to find out if oil will continue low and i just got off vacation. Dont i look well rested what do you think . The wife likes it. No matter where i was, everyone was concerned with just one stock. Ill tell you what it was and why you should own it. So i suggest you stick with cramer dont miss a second of mad money. Follow jimcramer or tweet at madtweets or give us a call at 1800743cnbc miss something head to madmoney. Cnbc. Com. Hey gary, what are you doing . Oh hey john, im connecting our brains so we can share our amazing trading knowledge. Thats a great idea, but why dont you just go to thinkorswims chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders . I know. Your brain told my brain before you told my face. Mmm, blueberry . Tap into the knowledge of other traders on thinkorswim. Only at Td Ameritrade. The future isnt silver suits anits right now. S, think about it. We can push buttons and make cars appear out of thin air. Find love anywhere. Hes cute. And buy things from, well, everywhere. How . Because our phones have evolved. So isnt it time our networks did too . Introducing americas largest, most reliable 4g lte combined with the most wifi hotspots. Its a new kind of network. Xfinity mobile. With tech rallying nicely today, i think its a good time to address a pernicious notion that just wont die. The idea that tech stocks have become wildly overpriced it seems like every Hedge Fund Manager who still cares about individual stocks believes that tech is too expensive. It doesnt matter what these companies do or how overwhelmingly profitable some of them are. A lot of investors wont accept the prices these stocks trade at most take it as a given that tech stocks are guilty, guilty as charged of overvaluation. In fact, anyone who tries to argue otherwise, is exposed to endless cat calls and ridicule sell sell sell. Since ive been the target of ridicule for years any way, im going to try to put this discussion in a less emotional, more empirical light are tech stocks really overvalued why dont we do this lets discuss the prospects of the top ten tech performers in the s p 500 from the first day of the year now that its in the books, with an eye how their come padres did in 2000 and 2001 because the dot com collapse remains a benchmark people do understand were making a rare twoparter for tonights show first, i need to remind you that unlike many who throw around the dot com analogy, i experienced this period firsthand as the founder of the street. Com, and a Hedge Fund Manager who made a kill i killing riding tech stocks higher, and then shorting the heck out of them in the peak of march of 2000. I participated in the climb from the nasdaq 2815, the number, in october of 1999. That was the real base camp of the ascent so the summit on march 10th of 2000 at 5,084 and then the collapse to 1611, 13 months later. What an arc, and what a reversal i know what im talking about here, and i know from experience where so many people who invoke the dot com era were barely out of pampers when this happened. And when you look at the Top Performing stocks of the s p, many of these winners are names ive been pushing for years, like social, mobile, cloud, Artificial Intelligence, machine learning, augmented reality. And of course, the internet of things they read like a mad money greatest hits play list and im proud of that. Without further ado, lets run through the top ten from best to worst. Theres activism blizzard, up 59 , and its doppelganger, electronic arts. Number eight, up 34 both companies are really at the very heart of the worldwide entertainment shift towards digital video games. The widespread perception catering to pimple faced american teenagers playing alone in their basement is so wrong that it makes the stocks undervalued. There are tens of millions of gamers in their 30s and many dedicated solely to games. These companies are riding three of the most powerful trends out there. Super fast graphic chips, increasingly Amazing Games that they can sell you over the internet, giving you Gross Margins in the 80s third, the global phenomena of esports, with international competitions, including u. S. Enter collegiate video game colleagues growing faster than all other sports what makes this so crazy is that there are only three major publicly traded game developers. Take two is up 46 for the year. You know what that does . It gives them real scarcity value. While all three stocks are in the high 20s and 30s, their businesses are showing accelerating revenue and earnings growth, with burgeoning levels of cash in sort, activision and ea have no resemblance to the biggest tech winners from the turn of the century. Meanwhile, in 2000, most of the tech leaders were about to experience a sudden dropoff in sales. I would argue that the exact opposite is true for these video game companies, all of which seem like theyre on the verge of earnings breakout of epic proportions. Im not even talking about china, where the communist party has strong armed ten cent into rationing. Party . Party poopers. Next up, adobe, a cramer fave. This Cloud Based Software giant has rallied 37 for the year it has multiple streams of growing revenue. T Gross Margins are up to an outstanding level, and theyre about to have another growth spurt courtesy of Artificial Intelligence, aided by the ceo its spectacular and i dont know if you saw it, buti regar it as other worldly. Many talking to myself, instant, real, Artificial Intelligence. Companies accelerated growth took people by surprise, the stock no longer captures the gain of the most recent quarter. And youre almost getting that quarter for free again, the price to earnings multiple may seem reminisce sent of the dot com era until you do the homework and reddit, a 36 gain for the first half in 2017 the company just had a big uptick in earnings Many Industries are only beginning to migrate to the cloud. Red hat simply misunderstood by a marketplace that still has trouble getting its head around the massive savings from cloud it costs about a quarter what you might have paid in the old days rounding out the top five is another one we love, auto desk, up 36 autodesk, the leading player in Computer Aided Design Software is 100 enterprise individuals dont use it it allows companies to translate ideas to the real world. They have this fa the biggest competition is pirated versions of their own Software Autodesk isnt secret save, but ive been promoting it because i see the same pattern tier of adobes stock. To me the valuation a little more palatable so after pulling back for weeks, tech is bouncing today, and i need to get your head around the idea that this group could have more upside than you imagine thats why were going through the remaining top ten tech reporters in the s p 500 after the break. Okay, much more mad money ahead after the rest of my tech check, im going to talk about the drop in oil prices are we in for a crude reality when it comes to crude im going off the charts to find out. The carmaker volvo is going all electric by 2019 does that mean shares of tesla are about to go into overdrive key re going to want to hear m ta first and you thought the fireworks were over . You aint seen nothing yet the lightning round is coming up stick with cramer we, the people, are tired of being surprised with extra monthly fees. We want hd. And every box and dvr. All included. Because we dont like surprises. Yes. Like changing up the celebrity at the end to someone more handsome. And talented. Really . And british. Switch from cable to directv. Get 4 rooms with hd, dvr and every box included for 25 a month. Only from directv. Lets not rush to judgment when it comes to panning todays tech rally we have so many people liking the best performers in technology to the dot com era, that i need to keep hammering the idea that tech is a lot less expensive than it might seem weve already covered the five of the top ten. So now we need to go over the remainders, because many of these stocks are so misunderstood, many of them, but not all of them. The number six best performer in tech in the s p is micron, symbol mu, up 38 for the year this major Semi ConductorCompany Reported just last week, and delivered still one more widely positive upside surprise. Some analysts predicting a doubling thats precisely the problem unlike the other tech winner, micron is well understood. Theres no mystery here. Despite a remarkable earnings, it declined 5 because micron makes two kinds of chips regarded as commodity products while the company begs to lay out all the difficulties of making both, the fact is, both parts of the business are at risk from potential competition. Its very much on the drawing board, particularly from samsung. Having lived through way too many cycles, i get the lack of excitement for micron. Even worse, this kind of activity is toplike behavior. Every weak in the stock has been preceded by a remarkable trouncing of earnings. And then a crash also has the stock with the one of the lowest pricetoearnings multiples in the market. When the stock is trading five times earnings, you have to assume the estimate also be cut and cut dramatically so why bother with micron when theres so many better names you can own . And then the seventh best tech performer, thats pay pal. Like the stocks i mentioned before the break, paypal is another example of underperformance they have continually written off this Payment Company as road kill under the tires of visa and mastercard, as well as major banks and titans like google and amazon yet instead of being enemies, theyve become more like frenemies. Two Payment ProcessingCompanies Many of you have never heard of and are doing quite well but paypal is seen as the ultimate winner because its so beloved by a word everybody is tiring of, millennials its the fastest grower in the industry one of the reasons why the stock trades at 29 times earnings, its a rapid adoption of paypals core product.