Yeah, President Trump started promoting mask wearing on twitter. A major shift and the stocks have been fitted from a reopening economy are higher today and thats how the dow jones gained 160 out performing the s p 500 but trouhe nasdaq. the cramer covid19 index is out. The recovery stocks are in at least for today our country has the worst coronavirus outbreak because we turned wearing a mask into a cultural issue the president tweeted a stark black and white picture of himself wearing a maface mask wh the explanation saying many say its patriotic to wear a face mask when you cant social distance there is nobody more patriotic than me, your president. End quote. Well, kind of the only one why does it matter because President Trump is the de facto leader of the anti mask faction. Thats why he spent months refusing to wear a mask in public and framing this as an issue of personal freedom. That emboldened people to take ridiculous stands against mask mandates invoking the first amendment. The founding pafathers had thisi mind when they came up with it we seen this rebellion all over the place. Mask free bar hoppers in florida, which i may remind you is one of the most contagious viruses in history costco came under fire you had people all over the country, the karens among them calling for boycotts and taking away hard civil rememberer eli liberties. Taking it serious lly lets you e back to normal this never should have been a cultural issue if we can get enough people Wearing Masks, we can stop the virus from spreading we would be in better shape if everyone listened to the Public Health experts we have angry people refusing to wear masks ch a Security Guard in michigan got mo murdered for telling someone to wear a mask. Brian kemp, this guy is an elected official so respect that he sued the mayor of atlanta keasha lance bottoms for implementing a mandatory mask law. There is the holms of governors. Kemp arguing that quote, her disastrous policies threatened the lives and livelihood of the citizens end quote the mayor defended her position being in sync with the federal Governments Health care honestly, you know what kemp sounded like a throw back to the older strain of georgia politics. Back when states rights politicians like Lester Maddox used to defend jim crow. Back then they wanted to defend the fraud that was acceseparatet equal. Give me convenience or give me death. If anything happens despite the public outrage costco reported same store sells growth the anti mask contin gent might be noisy, they have another principal they dont want to die for toilet paper once Companies Realize they could risk Wearing Masks without losing customers we saw a wave, walmart, walgreens, target, kohls, cvs, you name it the responsible thing to do. The move so pronounced when dixie which didnt seem to want to fall in line with masks changed positions yesterday and announced a mask mandate, how could they not the states that resistered had the biggest spikes in covid cases. More cases means more hospitalizations and when hospitals get overwhelmed, states have no choice but to go back into lockdown everyone realized masks are how you avoid shutting things down no mask, no freedom. Ill tell ya, no mask, no job. Plus, name me another northerner that wants to go south on vacation now ill take a pass unless i can get under the dome into the nshlgts ba bubble if they invote me to the bubble im in and thats where the president comes in hes equate the to wear a mask he switched sides and suddenly if you dont wear a mask youre on the other side of the president , wow, they are strong Trump Supporters this is a big deal scared to death of him they listen cob venverts and a president. The result, if we can get mask compliance to 80 , japan, south core korea returned to normalcy because they wear mir mask for young we can but 21 days and we can get this under control were up at night and scared to death and get outside. Ir wish the president would come around to mask sooner but never better late than never the stance cuts the legs from the anti mask crowd. Plus we have so many good masks available including haynes briefs made by haynes, same stuff they use for briefs. Throw in the possibility of another stimulus coming in and no wonder wehave a continuatio of last weeks rally, two of thirds of the s p 500 are down for the year and thats how you get retailers to run and increase the rising with chevrons and app session for next to othering but a bottom under the oil and buy near if you want the stocks why the bank stocks can charge ahead with two of the most cover vehic stocks rallied and went on as america reopened and china turning positive, move pepsi up to and footlocker managed to run with nike and pvh viewed as being shopping stocks. How long can this rally and recovery stocks continue i think this stops being a culture war issue. We hoong hang onto the journal about a vaccine trial and can get this contained like the rest of the world when this first started, i went to the mask stock i was the right move masks arent really about protecting you but other people in case youre infected but i know younger people 15 to 24 are hard at work creating masks that protect you and others as part of the x prize. Org mask competition that we put together bottom line the president of the United States is encouraging people to wear masks rather than discourage hthem the no mask contin ggent listens to him and fears him and we can beat this long before we get a vaccine. It will be weeks before we see progress be patient and dont give up on your mask. Paul in california, paul caller yes, hello, mr. Cramer, this is paul here in california i want to make it brief. Camping world is the notion in my mind and the chart is incredible they raised dividends 12. 5 and the special dividend. 9. 9 and advanced five people in the corporation to better positions, acknowledging the cfr is karo in bell do i hang on hang on the company is doing well but you have a downturn. It is one of the best plays on the outdoors and hes a good manager and a good man and i would buy the stock up here. Lets go to aaron in illinois, aaron . Caller hi, jim, been listening for awhile first time caller. My question is about ticker oxy. Thoughts on the 14 at a big jump today and curious about your thoughts it went and sold and went down i cant buy a company that has such a damaged Balance Sheet buy parsley energy, pe which is now down to the least flaring so the post environmental i like trump is urging mask wearing, urging. Wow. Lynn in texas. Caller booyah from spring, texas with face masks on of course ads in the awards cards business and representing, they tanked for covid pre uviously flying above 400. They missed the quarter ill look again because lynn from texas wants me to look at it, ill look at it. Im glad we got people at it in the 200s let me come back ben and i will go over it and if we think there is a comeback, well do it. Guys times are changing, its about the mask put it on. Twitter is reeling from the colossal hack that took price owner as few days ago. Are other organizations at risk . Im talking to one company to help keep your data secure and i never seen a movie like this im breaking down my views on the nasdaq and logitec posted better than expected results ill break down the numbers with the companys ceo. I urge you to put your mask on like the president says and stay with cramer. Announcer dont miss a second of mad money. Follow jimcramer on twitter have a question . Tweet cramer madtweets. Send jim an email to m madmoney cnbc. Com or call us at 1800743cnbc. Miss something head to madmoney. Cnbc. Com. Hey, kids welcome to camp tonsafun on xfinity its summer camp, but in your living room. Learn how to draw with a minions expert. How to build an indoor Obstacle Course plus. Whatever shes doing. And me, jade cattapreta. The host of es the soup camp tonsafun. Its like summer camp, but minus the poison ivy. Unless you own poison ivy. In which case, why . Just say summer camp into your xfinity voice remote to join. When it comes to the work from home tech stocks, many run so far so fast their evaluation is getting hard to swallow take kta, the cloud based Security Software company that handles in verification credentials, some need extra protection when some are being forced to work from home they have been a huge winner for us this year the stock is up 140 from the march lows, these levels expe e expensive and estimates but a great longterm story hard to justify but wow. Lets take a closer look with the bank cofounder to get a better sense where it is headed. Welcome back to mad money. Thanks, jim, good to be back on. People ask me what do you do . We got this pandemic its what you do at your best. Its a vent crecent call may 28u cofounder said fedex wanted to be transitioning to you but what ended up happening fedex at the beginning of covid had a big challenge in 220 countries and many go through the countries and fedex and like everybody else, they got the fast forward button pushed on the Digital Transformation they had to get online and all of these 85,000 em employer yeahs cyea employees connected remotely to be effective and we partnered to do that. They got their applications rolled out through okta that enabled them to be productive and secure at the same time. It was a Great Team Work and happy to have them. 36 hours transitioned 80,000 employees . Yeah, thats the beauty of the cloud, jim there is no infa frrastructure o mess with and detailed for customers to do and built the service to facilitate the transition its off to the races when they are ready to go. We have a fabulous staff and a member told me you asked about what seton hall did because she goes to seton hall Business School and loves okta and people that will go to School Online better learn what you do for a good student. Yeah, its this idea that we are about identity and helping customers be successful with identity and forget how prevalent it is in every industry we talk about Global Logistics in fedex but a university, seton hall with 10,000 students, which guess what the most in person thing you could imagine is going to college, right they had to get remote, too. He rolled out the applications for 10,000 faculties and students to be successful in this new world were in. You also, there is a great quote that you talked about about lets say microsoft needs help, google needs help, sales force needs help they turned to you because you are the neutral third Party Everybody trusts how did you earn that reputation and why is everyone saying you know what . I can give business to todd and not worry about being compromised. Its really earned brick by brick. We built this company over the last 11 years and the foundation is customers we have over 8,000 happy successful customers and those customers are the greatest voice on the brand if you look at cloud companies, the ones you mentioned, sales force, workday, amazon, google they listen to customers when customers say you need to work with okta to be successful, that has a ton of leverage in the marketplace to turn it into success for the customers. I love on your website, two videos one is if youre internal and want okta, they have to have a company devoted. The other is customers and trying to be sure a customer is on board and cant basically, got to be trusted. I feel after what happened with twitter, im concerned that someone will hack me and say i think okta will get a takeover bid tonight at 400. Is there any way to assure that cant happen its interesting. The world we live in is this information is all available we can go on twitter and see what people think and collaborate and use these platforms. So its amazing for people and for society but the downside is the security risk. The challenge every organization is facing and every person is facing is how do we balance the two and make this Technology Reach potential without sacrificing security when you look at twitter, its important on twitter, jim, you use twofactor authentication and tools to make it rock solid and if youre a company, you provide the same tools to your employees. Their competing experience will be lockdown and secure as your customers computing and kper ye experience. I dont want their tools, i want oktas tools. Were happy to provide our tools to anyone. There is a bigger opportunity here thats the consciousness of the industry to realize that we have to balance security with the views to reach the potential. So i am, again, concerned, say about the election i want to do mail in ballot. I dont want to go because im afraid of covid. How do i know that the government is going to get that right and im not going to be hacked and my vote wont be changed . You know, this is to talk about technology and security being important, another foundational thing is democracy and there is really nothing more important in terms of our future success as a country and society. This is really critical and we originally did a survey where we surveyed 12,000 people in the u. S. And internationally, as well and their sentiments echoed what yours did people want to be safe of the people not registered to vote, the big reason why 14 of them arent registered is because it takes too long to sign up. Its too hard to register and they dont trust the security of it and thats an identity problem. So you can help us . You think about the prevalence of identity and these problems we talked about, fedex and seton hall 1k3 and da macemd people cant sign up and do it remotely that the exciting for us and thinking how we can help do that securely. Were counting on you because frankly after what happened with twitter, a lot of us are afraid and i know youll take care of it because you have a great record todd, ceo of okta. Thanks, jim, were working hard. Thank you very much mad money is back after the break. Somehow i got a lot of press for talking about how the moves in some big cap tech stocks are insane i cant believe it was even note worthy when the nasdaq is dominated by a hand full of names, apple, microsoft, facebook, google and accounts for 23 of the s p 500, you got to admit something is odd when you figure the stocks could vault by 50 billion, maybe this time is different you might think that sounds uncontroversial but these are fighting words on wall street. When you say this time is different, it means youre trying to justify something insane im pointing out ive never seen anything like this move led by a hand full of stocks. Im not condoning, not judging we heard comparisons to the. Com era. There was Good Companies in 1999, had a lot of data, a ton of garbage at best run by jokers at worst entire businesses were big pump and dump schemes we dont have anything like that this time is different the tech stocks roaring represent fastgrowing companies that are lucrative that is what Portfolio Managers want. Each of the tech titan are ag n genero generous the valuations may seem crazy but they are not like the rest of the market. Not wrong, just different. Not like anything weve seen lets take them one by one apple has a 1. 86 trillion market cap and have a highly sticky Revenue Service stream and the, r 5 g cycle. There is nothing else like apple. They have a 1. 6 trillion market cap so they own the p. C. And important applications with a rapidly growing Cloud Infrastructure azure there is nothing like microsoft. Amazon 1. 565 and trillion market and the best cloud in infrastructure business not to mention an advertising business. This is a company thats proved the metal is the best way to get anything during the pandemic that makes most of us afraid to go out so we stay home and order from them. There is nothing else like amazon alphabet owns search with google and video with you tube. They are essential to advertisers. There is nothing else like alphabet facebook is millions of users who use the platform to launch their businesses and dont care about any of the stuff you read about. Facebook may not be growing that fast but instagram is still use and ever since they embrace small business, the stock has been on fire hence the 700 billion evaluation they may not like the politics but there is nothing else like facebook we hear the stocks are expensive but run by some of the smartest ceos as long as bias usiness remains, these stocks can keep climbing what makes them hard to value . Most moneys index is stuck did. When 60 of the stocks are run i by index, they wont sell. They dont need to sell stock to hold float the insiders arent dumping stock like in 1999 and 2000 and home gamers love etfs, which is another reason there seems to be so few natural sellers at these levels can they go down of course. Here is what sends them down if the economy gets stronger and get covid under control by having everyone wear masks or getting a vaccine, these stocks will under perform, im telling you. They will go down if Congress Passes a generous stimulus package. Thats bad that wont rollback the trillion dollars valuations for give or take for one simple reason the time is different as apple, microsoft are some of the greatest companies in history. M mispriced, maybe these companies are real and dominant and hard to part with for Something Else even up here. Jack in new york, jack caller hey, jim, thanks for taking my call. Of course up more in the world is used by china. Free port is gold so i like gold eddie in carolina, eddie caller hello, jimmy chill, how are you doing today . Doing well. How are you . Caller im great i was reading an article yesterday stating that Berkshire Hathaway lost more market value in 2020 than all but pour u. Fou publicly traded companies. Berkshire rebounded 18 or 19 while the snp is up over 40 is berkshire Worth Holding on to at this point . It is berkshire would tell you look, its not going to do well necessarily well in a really great rocket market but great, smart people not just warren buffet to give them up is a mistake lets go to vanessa in north carolina, vanessa . Caller longtime listener. My stock is q 2 trading close to an alltime high and im curious your opinion joabout the fund mentals. What price target can you buy . This is a good company