Cramer’s Crazy Money 10/8 recap: AMC, BlackRock, Delta, Domino’s

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If in doubt, do nothing. That was Jim Cramer’s advice to his Mad Money viewers on Friday. We’re at the end of a moment of weakness for stocks, Cramer explained, and that means investors shouldn’t be trying to be a hero when earnings season kicks off next week.

Cramer’s game plan for next week began on Monday with the weekend’s box office totals for “No Time To Die,” the latest James Bond film. If ticket sales are on the rise, expect AMC Entertainment (AMC) – Get the Class A report from AMC Entertainment Holdings, Inc. be standing too.

On Action Alerts PLUS, Bob Lang & Chris Versace Explain Why They Left Their Positions In American Eagle Outfitters (AEO) – Get the report from American Eagle Outfitters, Inc. and Facebook (FB) – Get the Class A report from Facebook, Inc. this week, what they think of the jobs data and what they expect from next week’s bank earnings. Find out about their latest trading strategies and investing ideas.

Then on Tuesday Cramer will turn to Fastenal (QUICK) – Get the Fastenal Company Report for a read on how the industrial sector handles cost inflation.

Wednesday marks the start of the results season, with JPMorgan Chase (JPM) – Get the JPMorgan Chase & Co. (JPM) report, Black rock (BLACK) – Get the BlackRock, Inc. and Delta Air Lines (OF) – Get the report from Delta Air Lines, Inc. report. Cramer felt JP Morgan topped earnings but was bullish on BlackRock and Delta.

Thursday will see a bevy of bank profits including Morgan Stanley (MRS) – Get the Morgan Stanley (MS) report, Citigroup (VS) – Get the report from Citigroup Inc., Bank of America (BAC) – Get the Bank of America Corp report and Wells Fargo (WFC) – Get the Wells Fargo & Company report, with Cramer fav Domino’s Pizza (DPZ) – Get the report from Domino’s Pizza, Inc. and Walgreens Boots Alliance (WBA) – Get the Walgreens Boots Alliance Inc report. Cramer loved all finances and Domino’s, but expected Walgreens to be awful.

Get more trading strategies and information about real money contributor investing.

Finally, on Friday we will hear from Goldman Sachs (SG) – Get the report from Goldman Sachs Group, Inc. (GS), a stock Cramer warned not to hunt higher, and JBHunt (JBH) , the third largest trucking company in our country, which should be able to shed light on the shortage of truckers.

Expedition News

In a special interview, Cramer returned with Ryan Petersen, founder and CEO of privately held Flexport, for an update on the global shipping industry.

Petersen said there are currently 51 ships anchored in U.S. ports, waiting to be unloaded. And while that number is lower than the peak of over 70 a few weeks ago, it’s not zero where it should be.

Many people imagine a global supply chain filled with technology and super efficient. But Petersen noted that it relies heavily on old-fashioned ways of working. And while Flexport has technology that can greatly improve efficiency, we face a complex systemic problem that’s bigger than a business can solve.

What will it take to fix the problem? Petersen said improved infrastructure would certainly help in the long run, but what we need to worry about right now is the next holiday season, which is only 78 days away. Retailers need their products on store shelves, not stuck in containers.

When asked why ships couldn’t just use east coast ports like Philadelphia, Baltimore or Richmond, Petersen noted that longer trips would actually be less efficient than even unloading delays. In addition, many ships are too big to cross the Panama Canal.

Off the charts

In the “Off The Charts” segment, Cramer went back to his colleague Larry Williams to see what the seasonal models on the market have in store for us next. Viewers may recall that Williams accurately predicted September fainting, which happens like clockwork every year from mid-September through October.

According to Williams’ analysis, the market should be ready to rebound in late October. This pattern was seen regularly almost every year from 1923 to 2020, Williams noted. An analysis of the market cycle forecast has confirmed that a rally is likely.

So when should investors buy? According to Williams, buying Nov. 1 and holding for six days is a model that has worked for 30 of the past 31 years, while producing some of the biggest gains.

Element solutions

In his “Homework” segment, Cramer tracked a stock that has left him perplexed on previous shows. He said that Element Solutions (ESI) – Get the Element Solutions, Inc., formerly known as Platform Specialty Products, is a specialty chemicals manufacturer whose business has improved significantly in recent years.

Platform Specialty started out as a roll-up company, designed to make numerous acquisitions and take advantage of synergies. But Cramer said that in recent years the company has divested itself from certain areas to focus on electronics and industrial chemicals as well as those in the oil and auto industry. The result was improved organic growth.

Cramer said he was also a fan of how Element Solutions cleaned up its balance sheet and even instituted a dividend for shareholders. He blessed the possession of this once forgotten business.

Participation in the bill on infrastructure

In his “No Huddle Offense” segment, Cramer praised Commerce Secretary Gina Raimondo for her efforts to secure $ 52 billion in the infrastructure bill to build new semiconductor foundries.

The United States was once the world leader in semiconductor manufacturing, but after decades of outsourcing our country has fallen behind and is now beholden to Taiwan, Malaysia and other countries. The auto industry has already lost billions to a semiconductor shortage and it’s a matter of national security, Cramer said.

Raimondo knows the seriousness of this problem, Cramer said, and that is why she is doing everything she can to get the funds we need to fix this problem and make the United States a leader again.

Lightning tower

Here’s what Cramer had to say about some of the actions that callers offered during the “Mad Money Lightning Round” on Friday night:

Logitech International (LOGI) – Obtain the Logitech International SA report: “They do a great job, but drop it and find a fund.”

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