The stock market has been heavily focused on politics recently, but starting next week, earnings will once again be at the front and center, Jim Cramer told Mad Money viewers on Friday. Cramer said President-elect Joe Biden’s scheduled update for Thursday on his economic recovery and stimulus plans should move the market, but there will be many individual stocks in the news as well.
Cramer’s game plan for next week begins with the launch of the annual JP Morgan Chase (JPM) – Get report health conference on Monday, which will highlight many health stocks that are growing fast and don’t need a strong economy to keep growing. He will listen to Bristol-Myers Squibb presentations (BMY) – Get report, Johnson & Johnson (JNJ) – Get report, Modern (MRNA) – Get report, Regeneron (REGN) – Get report and Emergent BioSolutions (EBS) – Get report.
Then, on Tuesday, we will probably hear good things from Pfizer (PFE) – Get report, CVS Health (CVS) – Get report and AbbVie (ABBV) – Get report. We will also see gains with the builder KB Home (KBH) – Get report. In technology, CES ‘annual show begins and Cramer will attend the Advanced Micro Devices lecture (OMG) – Get report and Microsoft (MSFT) – Get report on Wednesday.
Speaking of Wednesday, the two Walgreens (WBA) – Get report and Danaher (DHR) – Get report will be wrapping up the JP Morgan conference, providing updates on its vaccine efforts.
Thursday to see Taiwan Semiconductor profits (TSMC) , which could move the entire semiconductor group. We will also receive news from Delta Air Lines (DAL) – Get report for an update on the travel industry.
Finally, on Friday, the week closes with gains from 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, a semiconductor maker with shares that fell 2.1% on Friday, after reaching new highs earlier in the week.
Mehrotra said that no matter what the technology trend is, from artificial intelligence to 5G to the cloud, Micron’s chips are a mission-critical component. They continue to lead the DRAM and NAND flash memory market.
Mehrotra noted that memory remains among the fastest growing segments for the semiconductor market. He also admitted that with the demand so strong for all types of memory, there is some shortage of supply. However, your company is developing new technologies to meet this demand.
Micron remains committed to its shareholder, Mehrotra said. The company has repurchased $ 4.8 billion in own shares in recent years.
Cramer said he liked Micron for $ 30 a share and has been a fan ever since. He said the shares could reach $ 100.
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Watch out for oversupply bonuses
This market may seem unstoppable, Cramer told viewers, but there is one thing that keeps him up at night … oversupply. He said last year there were a ton of IPOs and companies that went public through reverse mergers with special-purpose acquisition companies, or SPACs. The problem? All of these businesses have blackout periods that are expiring, releasing millions of new shares on the market.
Cramer said he is a big fan of the online insurance company Lemonade (LMND) , but stocks last month rose to $ 137, before suddenly plummeting 14%. Because? Because the blocking period has expired and the sellers have finally managed to sell. Cramer advised the realization of profits from these shares.
Then there’s FuboTV (FUBE) – Get report, which shot up from $ 10 to $ 62 a share, including a 135% increase in a single week. But the shares quickly reversed their course 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 lockout that ends in late March with a big lockout expiration. Cramer advised with extreme caution.
JP Morgan Healthcare Conference
In a special interview, Cramer welcomed Lisa Gill, managing director of JP Morgan Chase, for a preview of JP Morgan’s 39th Annual Health Conference.
Gill said the vaccines will be at the front and center of this year’s conference, with presentations by Pfizer, Moderna, distribution giant McKesson (MCK) – Get report, CVS Health and Operation Warp Speed officers.
In addition to vaccines, however, Gill was optimistic about Teladoc (TDOC) – Get report, the virtual healthcare provider that is now a $ 33 billion company. She said that consumers will not return after trying telemedicine and that their home is the safest place for healthcare.
Gill was also optimistic about CVS Health, both for the company’s new CEO and for its transformation into a neighborhood health destination, starting soon with the COVID vaccine.
Potential for hydrogen
In his “No Huddle Offense” segment, Cramer recalled the early days of cell phones, when they were the size of a brick and weighed so much, with a range of just a few square blocks. At that time, Cramer chose not to invest in this expanding technology, but there were real believers, he said, believers like Andy Marsh, now the CEO of Plug Power (PLUG) – Get report.
March sees in clean hydrogen what he saw on cell phones: potential. Every new technology needs scale to cut prices. Hydrogen now has the scale, along with the growth of wind and solar energy, to produce green hydrogen at the price of natural gas.
This story will take years to unfold, admitted Cramer, but Marsh has been with Plug Power since 2008. He is betting that, like cell phones, hydrogen will be the next big green energy revolution.
Lightning Round
Here is what Jim Cramer had to say about some of the actions that participants offered during the “Crazy Money Lightning Round” on Friday night:
GrowGeneration (GRWG) – Get report: “This has tripled, so it’s time to make some profits.”
Deere & Company (IN) – Get report: “Make some profits, but I think this is going up.”
REIT Investment Apartment (AIV) – Get report: “I don’t want to own any of those actions.”
Alibaba (NANNY) – Get report: “I think you have to buy it.”
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At the time of publication, Cramer’s Action Alerts PLUS had a JPM, BMY, CVS, ABBV, AMD, MSFT position.