We all want this election to end, but investors need to accept an incredibly confusing week, Jim Cramer told Mad Money viewers on Friday. We might not even know who won Tuesday’s election, Cramer said, and that will only add to chaos.
Cramer’s game plan for the coming week begins on Monday, where he is expected to sell more as investors lock in profits ahead of the election. Unfortunately, Cramer said it would be too late to go on sale on Monday. The opening time for sale is early this week.
In terms of income, Cramer said he would listen to opinions from Estee Lauder (THE) ̵1; Receive reports, Clorox (CLX) – Receive reports, Skyworks Solutions (SWKS) – Receive reports and PayPal (PYPL) – Receive reports in Monday. He expects good things from all four, but recommends that you expect to buy PayPal until Tuesday.
We’ll hear from Humama (HUM) – Receive reports on Tuesday, along with industry giant Eaton (ETN) – Receive reports and Emerson (EMR) – Receive reports. Cramer says he buys Humana for any weakness, but he’s most curious about what Eaton and Emerson say about their ultimate market strength.
Wednesday hopes to deliver election results, but if not, there’s always Qualcomm (QCOM) – Receive reportsThat chip manufacturer is the perfect reason to buy Apple (AAPL) – Receive reports.
Then, on Thursday, earnings ended with Cramer’s three other favorites, T-Mobile (TMUS) – Receive reports, Take-Two Interactive (TTWO) – Receive reports and Roku (YEAR) – Receive reports. Cramer recommends all three.
Finally, on Friday, we will receive the latest non-farm wages, which the markets will use to determine the health of our economy with growing COVID cases.
Cramer and the AAP team are looking at everything from income and tariffs to the Federal Reserve. Find out what they’re saying to their investment club members and join the conversation with a free trial subscription to Action Alerts Plus.
In his first “Executive Decision” segment, Cramer spoke with Charif Souki, executive chairman of liquefied natural gas supplier Tellurian. (TO SPEAK) – Receive reports, to learn more about what’s next for natural gas.
Souki painted a bleak picture for the natural gas industry. He said US production fell from 95 billion cubic feet per day to just 88 billion cubic feet and that as demand increased, it could take up to two years to boost production again to meet growing demand increase that.
Souki continued, now accounting for 20% of the global natural gas market, and natural gas is now priced in the global market. The US has plenty of gas reserves in Marcellus and other regions, he said, but the infrastructure may never have had to move it in any way.
Natural gas is now a real commodity and Souki said the US will deal with the deficit regardless of who wins Tuesday’s election.
Executive decision II
For his second “Executive Decision” segment, Cramer also spoke with David Foulkes, CEO of the boat maker Brunswick (BC) – Receive reports, just reported an excellent quarter. Brunswick shares have risen 34% in the past six months.
Foulkes says Brunswick’s biggest challenge continues to be inventories. He says they have about half as many boats in the pipeline as usual at this time of year. Even at full capacity, by the end of the year they are still only 2/3 of the normal level.
Orders were still very strong, despite waiting times longer than usual, Foulkes added. They continue to see strong demand, even in colder northern climates.
When asked about the demographic change, Foulkes said that Brunswick is increasingly selling boats to the middle class. 80% of the boats they sell are currently priced below $ 50,000, he said and their quality and reliability have been enhanced, making a boat a more family property and less of a maintenance nightmare .
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Executive decision III
For his final “Executive Decision” segment, Cramer signed up Rowan Trollope, CEO of PBX software provider Five9. (FIVN) – Receive reports, just reported 9 cents a share of earnings that pushed them up 6% by the end of Friday.
Trollope says that growth at Five9 is being driven by digital transformation and cloud transformation, two trends that have been driven by the pandemic. He said his team has performed extremely well and delivered a lot of wins this quarter.
When asked about their technology, Trollope explained that Five9 offers new inference technology that allows customers to speak in simple English about why their call and artificial intelligence will solve their problems. or route them to where they need to go with amazing precision. Inference systems, he said, could cut the minutes per phone call, translating into huge savings.
Trollope added, consumers prefer self-service options when they call a company, especially younger consumers and the younger generation. We have only just started this technological revolution, he said.
No group chat violations
In his “No Insulting Talk” segment, Cramer chose Congress’s new pastime of taking pictures at major tech companies. He says these companies are not villains, they are national treasures.
It’s easy to hate the big tech giants for being too powerful, but with an 8% unemployment rate these companies are innovating, they’re helping where they can and they’re hiring.
In the US technology sector, Cramer concludes, the goose lays its golden eggs. We’re having a good deal, don’t mess it up.
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In Lightning Round, Cramer is optimistic about LG Homes (LGIH) – Receive reports, CACI International (FOR) – Receive reports, NVIDIA (NVDA) – Receive reports, Advanced Micro Devices (AMD) – Receive reports and FLIR System (FLIR) – Receive reports.
Cramer discounts on Unisys (UIS) – Receive reports, Penn National Gaming (PENN) – Receive reports and Cisco Systems (CSCO) – Receive reports.
At the time of publishing, Cramer’s Action Alerts PLUS was the long AAPL.