Super Bowl of Earnings: Cramer's 'Mad Money' Recap (Friday 1/26/18)

Next week is the Super Bowl of earnings and Jim Cramer said he can't wait for the action to begin.

Cramer told his Mad Money viewers that the week kicks off with Lockheed Martin (LMT) , part of the red-hot defense group. Investors can only hope the company says something negative, so shares will dip and they can buy, buy, buy.

Tuesday will see earnings from Pfizer (PFE) , which trades more like a utility than a drug stock, McDonald's (MCD) , a turnaround Cramer said he's still a fan of, and Advanced Micro Devices (AMD) , which should shine given the positive news from Intel (INTC) today.

Next, on Wednesday, it's earnings from Boeing (BA) , the aircraft maker in the middle of a 10-year bull run. We also hear from Microsoft (MSFT) , the software maker that should see gains from both the PC and the data center. Cramer said he expects good things from Microsoft, an Action Alerts PLUS holding. Not so for another Action Alerts name, Facebook (FB) . Cramer said while earnings will likely be strong, he expects a lot of selling.

The earnings continue of Thursday with the three As: Alphabet (GOOGL) , Amazon (AMZN) and Apple (AAPL) , also an Action Alerts core position. Cramer expects weakness from Alphabet, with a recovery thereafter, which is the typical pattern for the stock. As always, he would buy Amazon and Apple on any weakness. So, too, with Alibaba (BABA) and Amgen (AMGN) , both of which also report Thursday.

Friday is oil day, with earnings from Exxon Mobil (XOM) and Chevron (CVX) . Cramer expected lackluster results from Exxon and positive news from Chevron.

Cramer and the AAP team have Friday's daily rundown on earnings from Honeywell (HON) and Abbott Laboratories (ABT)  . Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

Executive Decision: Lam Research 

For his "Executive Decision" segment, Cramer checked in with Martin Anstice, president and CEO of Lam Research (LRCX) , the semiconductor equipment maker that on Thursday posted a huge earnings blowout, a 66-cents-a-share earnings beat with sales up 37% year-over-year. Shares responded with a 5% selloff today.

Anstice said that Lam had a tremendous year and the impact of silicon on our daily lives is only increasing. While it used to be that only PC and cell phone sales mattered, now content growth -- which is growing 50% a year -- and the data center are taking center stage.

Lam is enabling its customers with a broader line of differentiated products than ever before and that's why the company is growing as strongly as it is. Shares of Lam are up 380% over the past five years.

Cramer said today presented a rare opportunity to buy.

The Other 'FANG'

If you believe oil is heading higher, then you should be a believer in Diamondback Energy (FANG) , Cramer told viewers, calling the company the "sexiest" name in energy.

Shares of Diamondback are up 57% from their lows last September, but Cramer said this exploration and production company is one of the best in the business, operating in the lucrative Permian Basin. When oil traded for $41 a barrel, nearly 71% of Diamondback's acreage was still profitable, which is why shares only fell 40%, compared to the industry average of 74%.

During those lows, Diamondback made $3.5 billion worth of investments and is now 18 times larger than it was just five years ago. At $61 a barrel, 100% of the company's rigs are profitable, and Diamondback is only 39% hedged, leaving it wide open to take advantage of additional upside.

Diamondback has a 63% long-term growth rate, yet trades at just 19 times earnings. Cramer said this stock is a screaming buy for anyone who thinks oil prices are heading higher.

No-Huddle Offense: 3M 

In his "No-Huddle Offense" segment, Cramer said that when it comes to great earnings, there's one company that shows you how its done quarter after quarter, and that's 3M (MMM) .

This conglomerate is all about one thing, innovation, and that makes it hard to understand for analysts. Nearly 30% of 3M's revenues stem from products that didn't even exist five years ago. The company is also a beneficiary of tax reforms and remains committed to bigger buybacks and dividends for shareholders.

Cramer said 3M's strategy of innovation has been working for decades, and it continues to work today.

Get more of his insights on 3M with a free trial subscription to Real Money.

Off the Tape: Esports 

In his "Off The Tape" segment, Cramer sat down with Mark Deppe, the Acting Director of UCI Esports -- part of the University of California Irvine, one of the first schools to offer scholarships to students for esports -- video game competition.

Deppe said thanks to sponsorships from companies like Logitech (LOGI) , esports is growing, and this season, UCI is 16-0 in their Overwatch league and will compete for the national title in two weeks.

When asked what makes a good esports title, Deppe said the game has to be popular, fun to play repeatedly and also compelling for people to watch. Most sports games do not make for compelling titles, he said, as games need to be a level playing field for all gamers and sports titles have different stats for every team and player.

When asked about gaming addiction, Deppe said their program is the opposite of typical gaming: it gets students out of their dorm rooms and into a social environment with plenty of team-building opportunities. He said they actively support providing access to anyone who wants to compete, including women and minorities, which have traditionally by under-represented in gaming.

Lightning Round

In the Lightning Round, Cramer was bullish on WW Grainger (GWW) , Maxim Integrated Products (MXIM) , Andeavor Logistics (ANDX) , UnitedHealth Group (UNH) , Centene (CNC) , Valeant Pharmaceuticals (VRX) , Nucor (NUE) and Axon Enterprise (AAXN) .

Cramer was bearish on Ford Motor (F) , Allscripts Healthcare (MDRX) and AK Steel Holding (AKS) .

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