The stock market has been very focused on politics recently, but from next week earnings will be at the forefront again, Jim Cramer told his viewers for Mad Money on Friday. Cramer said President-elect Joe Biden on Thursday about his economic recovery and stimulus plans is likely to move the market, but there will also be plenty of individual stocks in the news.
Cramer’s game plan for next week begins with the kick-off of the annual JP Morgan Chase (JPM) – Get report healthcare conference on Monday, which will highlight many healthcare stocks that are booming and do not need a strong economy to keep growing. He will listen to presentations by Bristol-Myers Squibb (BMY) – Get report, Johnson & Johnson (JNJ) – Get report, Modern (MRNA) – Get report, Regeneron (RAIN) – Get report and Emergent BioSolutions (EBS) – Get report.
Then we’ll probably hear good things from Pfizer on Tuesday (PFE) – Get report, CVS Health (CVS) – Get report and AbbVie (ABBV) – Get report. We will also see the earnings of home builder KB Home (KBH) – Get report. In technology, the annual CES show begins and Cramer will star in Advanced Micro Devices (AMD) – Get report and Microsoft (MSFT) – Get report on Wednesday.
Speaking of Wednesday, both Walgreens (WBA) – Get report and Danaher (DHR) – Get report will conclude the JP Morgan Conference and provide information on their vaccination efforts.
Thursday, Taiwan will earn Semiconductor (TSMC) , which can move the entire semiconductor group. We will also hear from Delta Air Lines (DAL) – Get report for an update on the travel sector.
Finally Friday closes the week with the earnings of JP Morgan and rival Wells Fargo (WFC) – Get report.
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Executive decision: Micron Technology
In his first ‘Executive Decision’ segment, Cramer spoke with Sanjay Mehrotra, President and CEO of Micron Technology (MU) – Get report, the semiconductor manufacturer with shares that fell 2.1% on Friday after reaching new highs earlier this week.
Mehrotra said regardless of the technological trend, from artificial intelligence to 5G to the cloud, Micron’s chips are a mission-critical component. They are still the leader in the memory market in DRAM and NAND flash drives.
Mehrotra noted that memory is still one of the fastest growing segments for the semiconductor market. He also acknowledged that the demand for types of memory is so strong that there is a shortage of supply. However, his company is increasing new technologies to meet the demand.
Micron remains committed to its shareholder, Mehrotra said. The company has repurchased its $ 4.8 billion worth of shares over the past few years.
Cramer said he likes Micron at $ 30 a share and has been a fan ever since. He said shares could eventually reach $ 100.
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Warranty for oversupply
This market may seem unstoppable, Cramer told viewers, but there’s one thing that stops him at night … oversupply. He said last year there were a bunch of red-hot purses and companies that were announced via reverse mergers with specialty procurement companies, or SPACs. The problem? All of these transactions have expiration periods now expiring, releasing millions of new shares into the market.
Cramer said he was a big fan of online insurance company Lemonade (LMND) , but last month shares rose to $ 137 before suddenly falling by 14%. Why? Because the lockout period expired and sellers were finally able to sell. Cramer recommends taking profit in this stock.
Then there is FuboTV (FUBO) – Get report, which rose from $ 10 to $ 62 per share, including a 135% increase in a single week. But shares quickly turned around when new shares were issued.
Finally, Cramer highlighted Snowflake (SNOW) – Get report, the data and analytics software provider with incredible growth, but also a three-step lock that was completed at the end of March with a major expiration. Cramer recommends being extremely careful.
JP Morgan Healthcare Conference
In a special interview, Cramer welcomes Lisa Gill, managing director of JP Morgan Chase, for a preview of the upcoming 39th annual JP Morgan Healthcare conference.
Gill said vaccines would be at the forefront during this year’s conference, with presentations from Pfizer, Moderna, distribution giant McKesson (MCK) – Get report, CVS Health and Operation Warp Speed officials.
Except for vaccines, however, Gill was strong on Teladoc (TDOC) – Get report, the virtual healthcare provider that is now a $ 33 billion business. She said consumers do not go back after trying telemedicine, and that the home is the safest place for health care services.
Gill was also positive about CVS Health, both for the new CEO of the company, as well as for its conversion into a health care destination in the area.
Potential for hydrogen
In his “No Huddle Offense” segment, Cramer recalls the early days of cell phones, when they were as big as a brick and weighed just as much, with the size of only a few square blocks. At the time, Cramer chose not to invest in this emerging technology, but there were true believers, he said, believers like Andy Marsh, now the CEO of Plug Power. (PLUG) – Get report.
March sees in clean hydrogen what he saw in cell phones at the time: potential. Every new technology needs scale to lower prices. Hydrogen now has the scale, along with growth in wind and solar power, to make green hydrogen at the price of natural gas.
This story will take years to play out, Cramer admitted, but Marsh has been with Plug Power since 2008. He bets that, like cell phones, hydrogen will be the next big green energy revolution.
Lightning Round
Here’s what Jim Cramer had to say about some stocks offered by callers during the “Mad Money Lightning Round” Friday night:
GrowGeneration (GRWG) – Get report: “This one has tripled, so it’s time to make a profit.”
Deere & Company (DE) – Get report: “Take some profit, but I think this one is going to be higher.”
Apartment investment REIT (AIV) – Get report: “I do not want to own any of these shares.”
Alibaba (BABY) – Get report: “I think you should buy it.”
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At the time of publication, Cramer’s Action Alerts PLUS held JPM, BMY, CVS, ABBV, AMD, MSFT.