Every evening, Chinese officials release new numbers on the coronavirus, and every morning, the stock market trades on them, Jim Cramer told his Mad Money viewers Friday. That's why until this virus burns itself out, investors need to proceed with caution.
Cramer's game plan for next week starts on Monday, which is a holiday in the U.S., but not in China. He said that while the new numbers about the coronavirus, labeled Covid-19, are likely to be awful, investors still must take them with grain of salt and not trust the data.
Next, on Tuesday, we hear from Medtronic (MDT) - Get Medtronic Plc (MDT) Report, Cramer's favorite medical device maker, and Walmart (WMT) - Get Walmart Inc. Report, which will be holding an analyst day. Cramer was bullish on both companies.
Wednesday brings earnings from several companies Cramer was bullish on, including Bausch Health (BHC) - Get Bausch Health Companies Inc. Report, Analog Devices (ADI) - Get Analog Devices, Inc. Report and Elanco Animal Health (ELAN) - Get Elanco Animal Health, Inc. Report. He said investors should listen to, but not buy, Pioneer Natural Resources (PXD) - Get Pioneer Natural Resources Company Report, and avoid Energy Transfer Partners (ET) - Get Energy Transfer, L.P. Report.
Then on Thursday, the earnings continue with Norwegian Cruise Line Holdings (NCLH) - Get Norwegian Cruise Line Holdings Ltd. Report, which is part of an industry in crisis from the coronavirus. We'll also hear from Domino's Pizza (DPZ) - Get Domino's Pizza, Inc. Report, which is recovering from intense competition in the delivery space, and Ventas (VTR) - Get Ventas, Inc. Report, which is recovering from a nursing home business slump. On the bright side, Cramer expected good news from ViacomCBS (VIA) - Get Viacom Inc. Class A Report, American Electric Power (AEP) - Get American Electric Power Company, Inc. Report, ConEd (ED) - Get Consolidated Edison, Inc. Report and Zscaler (ZS) - Get Zscaler, Inc. Report.
Cramer and the AAP team are looking at everything from earnings and tariffs to the Federal Reserve. 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: Mattel
For his "Executive Decision" segment, Cramer spoke with Ynon Kreiz, president and CEO of Mattel (MAT) - Get Mattel, Inc. Report, the toymaker that delivered an eight-cents-a-share earnings beat but saw its shares fall 3.1% by the close.
Kreiz said 2019 was a big year for Mattel in its turnaround efforts and that turn is working. He said last year, Mattel grew revenues in every region and maintained its global dominance. Kreiz was excited for the entertainment tie-ins, which includes several Masters of the Universe movies.
Barbie continues to be a leading brand for Mattel, Kreiz said. He was also excited for the future for American Girl, another brand with a great heritage that's only in its first year of its turnaround.
Turning to the topic of China, Kreiz said that Mattel has a team of experts in the region that is working hard to minimize disruptions. So far, he said, they're OK, but if the coronavirus outbreak lingers, it will have an impact on many companies.
Executive Decision: Dominion Energy
In his second "Executive Decision" segment, Cramer welcomed back with Tom Farrell, chairman, president and CEO of Dominion Energy D, the mid-Atlantic utility with a 4.3% dividend yield.
Farrell said Dominion remains to renewable energy, and to becoming carbon neutral by 2050. The utility recently announced an agreement with Facebook (FB) - Get Facebook, Inc. Class A Report to build a new solar farm, and has worked with both Amazon (AMZN) - Get Amazon.com, Inc. Report and Microsoft (MSFT) - Get Microsoft Corporation (MSFT) Report on similar solar projects. Dominion is also currently developing a wind generation facility off the coast of Virginia.
Farrell added that Dominion had no solar in their portfolio five years ago but now ranks as the fourth-largest utility solar operator.
As for the company's net-zero pledge, Farrell said they wouldn't have announced it if they weren't convinced they could do it. He said it will take a lot of work, as well as advances in effective energy storage at scale and new carbon capture and storage technologies.
On Real Money, Cramer keys in on the companies and CEOs he knows best. Get more of his insights with a free trial subscription to Real Money.
Outlook for Colgate-Palmolive
For years, Colgate-Palmolive was an inconsistent earner. The company only derives 21% of its sales domestically, meaning it was susceptible to currency fluctuations overseas as well as cost inflation here at home. Colgate-Palmolive responded with price hikes, but those only drove away customers.
But Colgate-Palmolive has since gotten its groove back and shares are up 11% so far in 2020. When the company reported two weeks ago, sales were up 5.5% with healthy margin expansion and guidance for 3% to 5% growth in 2020.
Cramer said when the market has bad days, Colgate-Palmolive is a stock you want to buy.
Investors Reward Transparency
In his "No-Huddle Offense" segment, Cramer said there's something investors like almost as much as earnings, and that's visibility. A year ago, companies were loathe to talk about their future outlooks. Why stick your neck out during uncertain times? But this year, it's a different story.
Shares of Nvidia (NVDA) - Get NVIDIA Corporation Report jumped another 7% Friday after the company reported not only a beat and raise quarter, but also gave investors visibility into their future. RingCentral (RNG) - Get RingCentral, Inc. Class A Report also gave investors good visibility and that stock is up 16.8% in just a week. Cramer also called out the data analytics stock of Alteryx (AYX) - Get Alteryx, Inc. Class A Report as another company with good visibility. Shares of Alteryx rose 9.4% Friday.
Not all companies have visibility, Cramer concluded, but those that do are rewarded on Wall Street.
Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Friday evening:
Gilead Sciences (GILD) - Get Gilead Sciences, Inc. (GILD) Report: "I have so many great drug stocks. I'd go for AbbVie (ABBV) - Get AbbVie, Inc. Report or Bristol-Myers Squibb (BMY) - Get Bristol-Myers Squibb Company Report."
Alibaba (BABA) - Get Alibaba Group Holding Ltd. Sponsored ADR Report: "I'm not going against Alibaba."
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At the time of publication, Cramer's Action Alerts PLUS had a position in VIAC, FB, AMZN, MSFT, ABBV, BMY, HD, NVDA.