Munshi Ahmed | Bloomberg | Getty Images
Copper production in Johor, Malaysia
Cloud-based software company New Relic also launched a partnership with Amazon Web Services. New Relic specializes in helping their clients monitor and measure what their business software is doing and how users interact with it in real time.
Its analytics engine provides a sophisticated dashboard for companies to provide insight into their digital operations. Cramer spoke with New Relic’s CEO Lew Cirne, who explained that there are two big trends happening right now in enterprise software.
The first trend is the digital imperative to reach customers. The second is the secular move to the cloud as companies exit the data center business.
“While these big changes are happening, they need a dashboard to see how their software is running in the cloud … New Relic’s dashboard plus the new infrastructure platforms provided by cloud providers helps enterprises make that migration,” Cirne said.
If one thing is certain for Cramer, it is that metal and copper stocks continue to roar higher, reaching levels not seen in the last two years. However, that doesn’t mean Cramer recommends investing in these stocks.
“I say you can trade the metal stocks, but not invest in them,” Cramer said.
Ultimately, he thinks that the stocks can only rally so far before they hit a wall looking for growth. And right now, growth is getting hard to find.
In the Lightning Round, Cramer gave his take on a few stocks from callers:
Chesapeake Energy Corporation: “I think it’s the year of natural gas. People just don’t realize it because we’ve had such warm weather and I do think that Chesapeake is a buy right here at $6.”
Ubiquiti Networks Inc: “They missed the quarter badly and in a lot of different ways. Therefore, I can’t recommend it. It’s in the penalty box. We’ve got to wait for the next quarter.”
