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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways.
Last year, reports began circulating that American shopping malls are dying off, Cramer said, and last week's report card on Nordstrom only confirmed the trend.
The company admitted that its 2.4% increase in same-store sales last quarter was only helped by its annual anniversary sale. Overall, the company admitted that store traffic has fallen to its lowest levels since... 1972.
Cramer said this stunning decline in traffic cannot be overcome by cost-cutting or closing underperforming stores. Additionally, the company's efforts to enhance its e-commerce efforts are only giving customers less incentive to visit physical stores.
As we've seen this quarter, there are retailers that are thriving in an e-commerce world, mainly TJX Stores (TJX) - Get Report , Foot Locker (FL) - Get Report , Ulta (ULTA) - Get Report and Burlington Stores (BURL) - Get Report . But for the department stores like Nordstrom and rival Macy's (M) - Get Report , there may be no way to change the tide.
Ionis Pharmaceuticals (IONS) - Get Report : For his "Executive Decision" segment, Cramer once again checked in with Dr. Stanley Crooke, chairman and CEO of Ionis Pharmaceuticals, a stock that is down 20% for the year, but has risen more than 50% since the election.
Crooke said that he's excited about the new chemistry they're developing to treat cardiac diseases, which reduces the doses and increases both potency and convenience for patients. He said the advancements in their technology continue with every trial.
Crooke is also expecting FDA approval in the very near future for Spinraza, his company's drug for spinal atrophy that has provided some astonishing results in clinical trials. He was also upbeat on Ionis' treatments for diabetes and high triglycerides.
With so many ways to win, Cramer said he remains bullish on Ionis.
Fortunately, when it comes to the oil exploration and production company, Cimarex Energy, investors received both sides on Friday. When analysts go head-to-head, investors win, Cramer said, as an analyst at Wells Fargo (WFC) - Get Report downgraded Cimarex on the same day that Goldman Sachs (GS) - Get Report upgraded it.
According to the bears, most of the positives are already baked into Cimarex, and new oil production in 2017 will only keep a lid on oil prices above $60 a barrel. But according to the bulls, this price ceiling will be a win for companies that can increase efficiency, and among the best in the business is Cimarex.
Cramer said he's siding with the bulls on this one, as he likes both the company's acreage and its execution. While valuations may be stretched at 38 times earnings, Cramer said that number falls to just 26 times earnings when considering 2018 estimates. Plus, Cimarex has a healthy balance sheet, which makes it worth owning.
Cramer and Jack Mohr think Apache's (APA) - Get Report management has positioned the company for growth through both innovation and efficiency. Read what they are telling their investment club members with a free subscription to Action Alerts PLUS.
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At the time of publication, Cramer's Action Alerts PLUS had positions in APA, WFC and TJX.