Get ready for more IPOs like Lyft (LYFT) to send the market higher, Jim Cramer told his Mad Money viewers Friday. When a red-hot deal comes to the market, it's hard for retail investors to curb their enthusiasm. Even at current levels, Lyft is still inexpensive, Cramer said, selling for far less than other fast growers like Shopify (SHOP) and Twilio (TWLO) . That's why he still recommends all three.
As for next week's action, Cramer's game plan starts on Monday with everyone's favorite game, "trade deal or no trade deal?" But Cramer said he'll be more focus on the latest retail sales numbers, hoping they will disprove fears that our economy is headed towards recession due to the inverted yield curve.
Next, on Tuesday, we see earnings from Walgreens Boots Alliance (WBA) , Dave and Busters (PLAY) and GameStop (GME) . Cramer said 2019 will he a reset year for Walgreens and he's worried about a potential miss from Dave and Busters. As for GameStop, Cramer said the company continues to wither slowly and has no reason for being.
On Wednesday, Signet Jewelers (SIG) reports and Cramer said this stock continues to be a house of pain, down 14.5% for the year.
The week wraps up with Constellation Brands (STZ) on Thursday and the non-farm payroll numbers on Friday. Earnings at Constellation were not strong last quarter, but Cramer's betting they turn things around. He's also betting that non-farm payroll, like retail sales, will help investors see that our economy remains strong.
One For the Team
Yesterday, Wells Fargo (WFC) CEO Tim Sloan selflessly "took one for the team" and resigned his post. Cramer told viewers that decision should be something we celebrate.
Sloan had a herculean task of cleaning up the sins of his predecessor, Cramer explained. But despite doing a great job restructuring the company without impacting earnings, Sloan became a continual target of those in Washington. He explained yesterday that it had become a distraction for Wells Fargo, something that limited their ability as a company to move forward.
Cramer said Sloan was probably right, as the next round of Congressional hearings are set to kick off April 10. Sloan most certainly would have been public enemy number one at those hearings. Cramer applauded Sloan's efforts to clean up the toxic culture at Wells Fargo and his decision to put the company's interests ahead of his own.
Stay away from battleground stocks, Cramer reminded viewers. Any time you have a polarizing stock with passionate bulls and bears on either side, shareholders are the ones who suffer. That's been the case with Monster Beverage (MNST) , which rallied from $58 a share to $63 a month ago, only to fall to $54 today as analysts duel over the future of the company.
Monster had been an incredible growth story, with shares soaring 811% over the past 10 years. Coca-Cola (KO) even took at 16.7% stake in the company in 2015, helping Monster expand internationally. Shares peaked in January 2018 however, after the company began posting mixed results.
At issue are a number of new players entering the market, including Coke itself, which plans to unveil its own energy drink later this year. That news caused investors to question if we've seen the last of Monster's great earnings and if the possibility of an acquisition by Coca-Cola is now off the table.
Cramer said he never invests in battleground stocks, and you shouldn't either.
Off the Tape
In his "Off The Tape" segment, Cramer sat down with Marcela Sapone and Jessica Beck, co-founders and the CEO and COO of the privately-held Hello Alfred, a fresh take on home commerce that saves customers their most precious commodity, time.
The pair explained that Hello Alfred has teamed up with property owners in 15 cities across the country to provide apartment tenants the ability to have services and items delivered right to their home. The service has both an app and live people to assist customers with personalized concierge services.
When asked whether customers are comfortable having Alfred in their home restocking their refrigerators, the founders noted that building relationships is not something big companies like Amazon (AMZN) can do, but Hello Alfred can. They said the younger generation is willing to trade space for convenience and is used to accessing services rather than owning things.
Turning to the topic of labor, Hello Alfred has tapped into moms looking to pickup a second shift to meet their labor needs. Sapone noted that just like Tupperware (TUP) or Avon (AVP) , when you find one passionate individual, they often bring others along with them.
In the Lightning Round, Cramer was bullish on Dell (DELL) , AT&T (T) , Verizon (VZ) , Paychex (PAYX) , Marvell Technology (MRVL) , Penn National Gaming (PENN) , Las Vegas Sands (LVS) , Abiomed (ABMD) , Edwards Lifesciences (EW) and American Tower (AMT) .
In his "Homework" segment, Cramer followed up on a few stocks that stumped him during earlier shows. He said that Everbridge (EVBG) is exactly the type of cloud software provider he looks for, but the stock has run too much and is now insanely expensive. He advised waiting for a pullback before buying.
Next, when asked about Office Depot (ODP) , Cramer said it's time to ring the register on this once great company. He said Office Depot was a great concept 20 years ago, but is now lost in the wilderness.
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At the time of publication, Cramer's Action Alerts PLUS had no position in the stocks mentioned.