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Have investors considered that perhaps, perhaps, tariffs could be good for our economy? That was the question that Jim Cramer asked with his Mad Mad viewers Friday. With markets reaching record highs, the answer may well be "yes," especially when we know that even price detractors must admit that the stock market does not think profits will be painful, Cramer said.
So, he says, let's look at the game plan next week.
Cramer said Monday that he was very pleased to meet JPMorgan Chase's CEO (JPM), Jamie Dimon, to talk about tariffs, trade, banking and the US economy. We will also hear the results of the bidding war for Sky Communications and get profits from Ascena Retail Group (ASNA), which has come back from life.
Tuesday begins the annual Dreamforce conference at Salesforce.com (CRM) in San Francisco, and Cramer will be there to chat with the largest companies in Silicon Valley.
Nike (NKE) and Cintas uniform supplier (CTAS) will report on Tuesday, and Cramer expects a lot from both companies.
On Wednesday, we will hear from the Federal Reserve and Mr. Cramer said investors should analyze the Fed's statement to assess what could happen and what effect it would have on the banking sector. We will then hear Carmax (KMX), which is expected to yield excellent results, as well as Bed Bath & Beyond (BBBY) – the only negative Cramer that can be found for the entire week.
Thursday is the turn of Accenture (ACN) to report its results, as well as Spicemaker McCormick (MKC) and ConAgra Foods (CAG). Cramer would also be a buyer of all these names.
Finally, Friday ends the week with Vail Resorts (MTN), a company that is part of the experiential economy and is expected to end the quarter in style.
Cramer and the AAP team are talking about what to put on your shopping list when the market reaches new heights. Find out what they say to their investment club members and engage in conversation with a free trial subscription at Action Alerts PLUS.
As for the real money, Cramer said that PulteGroup (PHM) is the title to watch next week when the Fed will raise its rates. Get more information through a free trial subscription to Real Money.
Executive decision: Red Hat
For his "Executive Decision" segment, Cramer met Jim Whitehurst, CEO of Red Hat (RHT), the king of the cloud who saw its shares fall by 24% from their June highs.
Whitehurst explained that the weakness of their Linux business was not unexpected. He said Red Hat had transferred many of its Linux clients to three-year agreements and now had to wait for these agreements to renew before seeing their segment continue to grow. Overall, he explains, the Linux market is growing well.
Whitehurst was more optimistic about the company's apparel market, where many new Red Hat cloud offerings are replacing existing systems. Asked about a loss of competition during the quarter, Whitehurst said he could lose an agreement here and there, because many of those who leave to try something often come back to Red Hat.
Red Hat currently has partnerships with Microsoft (MSFT) and IBM (IBM).
Return story: jewelers
Wall Street loves the story of the return, Cramer told viewers, and he got one with Signet Jewelers (GIS), which went from $ 150 in 2015 to just $ 33 in April of this year, to return.
Cramer said Kay Jewelers' supplier, Zales and Jared, among others, had been hit by a wall of worries in 2015. First, the company's stores are mainly based in shopping malls. Second, Signet has become too aggressive in funding, taking a lot of bad debt. And thirdly, the company was struck by allegations of sexual harassment that resulted in the departure of its CEO.
But as the new CEO, Gina Drosos, took the lead, she immediately went to work. She began by drastically lowering Wall Street expectations, and then changed culture and business. It sold the nonperforming loans and closed the underperforming stores, using the proceeds to buy back the company's shares.
Bookmark also invested in its digital business, which peaked three weeks ago with an increase of 53 cents in earnings and 1.7 percent in same store sales. Bookmark has also redeemed 14% of the outstanding shares of the Company.
Cramer said that with such results, Signet is clearly on the comeback trail and his actions are heading upwards.
Out of band: Cyber Q6
In his "Off The Tape" segment, Cramer met with Eli Dominitz, founder and CEO of private company Q6 Cyber, a cybersecurity company that takes a different approach to ensuring data security.
Dominitz said that although cybersecurity focuses on building high fences and detecting and stopping attacks, Q6 proactively attacks the bad guys, finding out who they are, who they are targeting, and what tools they are targeting. they use. The company recently detected a new type of malicious software aimed at targeting a bank and was able to alert it before the attack occurred.
Dominitz said Q6 has even taken steps to alert non-customers to their discoveries, as nothing sells your services better than to warn a company on hold. Dominitz added that they had done this "a lot" because they believed strongly in protecting the public and private sectors against cybercriminals.
No-Huddle Offense
In his "No-Huddle Offense" segment, Cramer asked the following question: Who counts more, Micron Technologies (MU) announcement regarding short-term "stock adjustments" or the 10-share buyback program? billions of dollars?
Of course, stocks jumped 2.8% on stock news, leading shares to trading for just 4.2x earnings. But Cramer said that Micron's stock never had such a monster buyout.
Redemptions are usually safety nets for equities, but trampolines are a huge buyout, Cramer said. That's why Qualcomm's shares (QCOM) rose after the company announced a $ 30 billion takeover and that NXP Semiconductor (NXPI) had announced a $ 5 billion buyout, while Broadcom (AVGO) and Texas Instruments (TXN)
Cramer concluded that buybacks are important, which is why he recommended dropping Micron's lingering weaknesses.
Lightning round
In the Lightning Round, Cramer was optimistic about United Parcel Service (UPS), FedEx (FDX), BP (BP), AT & T (T), Cisco Systems (CSCO), NVIDIA (NVDA), Teladoc (TDOC) , Medtronic (MDT). ) and Walmart (WMT).
Cramer was bearish on Comstock Resources (CRK), Intel (INTC), Mazor Robotics (MZOR) and Energy Transfer Partners (ETP).
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