COVID is still very much a part of our lives, Jim Cramer told his Mad Money viewers Tuesday. That means it's important to make sense of where we are in the pandemic, what threats still remain and what the future might hold.
Ford said that it was Abbott's responsibility to use its expertise in testing to help where it could. The company was one of the first to provide testing before vaccines became available and it is now one of the leaders post-vaccine, with rapid COVID testing options.
Ford explained that Abbott's goal is to make rapid testing affordable and accessible to everyone who needs it, whether that be companies, hotels, venues, schools or individuals at their local pharmacies. Testing will be with us for the foreseeable future, he said, and will be used in many different applications, including travel. Vaccines plus testing is the way we will beat this virus, he said.
When asked about our biggest risk factors, Ford said that variants and mutations of the virus remain the biggest threat. Abbott is part of a coalition that is actively hunting COVID variants, ensuring that we can detect them quickly and accurately before they spread.
Abbott's rapid test kits are currently available in 20,000 pharmacies across the county and will soon expand to over 30,000 locations as manufacturing and distribution continues to expand.
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Executive Decision: Affirm
For his second "Executive Decision" segment, Cramer spoke with Max Levchin, founder, chairman and CEO of Affirm Holdings (AFRM) - Get Report, the payment alternative just posted strong earnings that included a top and bottom-line beat. Shares fell 2.7% by the close on overall market weakness.
Levchin explained that Affirm is a lot more than just a payments company. They're a technology company, he said, and that means they can build custom payment solutions for their partners. Affirm has the exclusive partnership with Shopify SHOP and is a long-term partner of Walmart (WMT) - Get Report.
Levchin added that customers love using Affirm because they're a great alternative to credit cards. "We treat people right," he said, and there are never any late fees.
When asked about life after the pandemic, Levchin noted that travel has been a big focus for the company and Affirm is primed to take advantage of the return of travel. Buying tickets with Affirm is already very popular.
Finally, when asked about Affirm's other big partner, Peloton (PTON) - Get Report, Levchin said he thinks the company is doing everything they can to address their treadmill recall and ultimately, he said the company will make things right.
Executive Decision: Roblox
For his next "Executive Decision" segment, Cramer also spoke with David Baszuki, founder and CEO of Roblox (RBLX) - Get Report, the digital gaming company that just posted their first earnings as a public company. Shares soared 21% on the news.
Baszuki said that every day, 43 million people come to the Roblox platform to learn and play together. That connectedness only grew during the pandemic, but Baszuki said it won't end once COVID is gone. People will go outside and travel and exercise, but there will remain a place for gaming, entertainment and Roblox.
Roblox is a platform that fosters civility, Baszuki added, and is also a place where thousands of creators can turn their hobbies into businesses as well.
Cramer said Roblox is his top pick for stocks heading higher between now and next year's Super Bowl.
Executive Decision: J2Global
For his final "Executive Decision" segment, Cramer checked in Vivek Shah, CEO of J2Global (JCOM) - Get Report, the digital media company that just posted a 52-cents-a-share earnings beat that sent shares rallying 2.6% by the close. J2 is currently in the process of splitting itself into two entities.
Shah explained that their spin off, Consensus, is currently a document transfer business that people can think of as fax in the cloud. The service is primarily used to move medical documents securely, but the new company is moving towards a more data-centric model for transferring medical data of all kinds. Consensus currently generates $340 million in revenues with 55% gross margins.
The remaining J2Global will be a digital media company with a very clear focus and dedicated management. J2 has already proven that they know how to monetize audiences and the company has big plans for continued growth.
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Calling the Bottom for Tech
In his "No Huddle Offense" segment, Cramer answered the question, when will tech finally bottom? His answer: The stocks will tell you.
Cramer said he's not willing to call a bottom in all tech stocks, but in certain names, today's midday bounce signals that a bottom might soon be at hand. He said investors can begin positions in stocks like Tesla (TSLA) - Get Report, but still need to avoid stocks like HP (HPQ) - Get Report given the chip shortage.
Cramer said we also still have a glut of enterprise software stocks and those that will begin to decline as the reopening takes hold. That's bad news for stocks like Zoom Video (ZM) - Get Report. That's why the only way to value tech stocks is on a case-by-case basis.
Here's what Jim Cramer had to say about some of the stocks that callers offered up during the Mad Money Lightning Round Tuesday evening:
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