When you buy a stock, you're making a bet on the future, Jim Cramer told his Mad Money viewers Friday. That's why it's so important to understand what the future will look like. That's also why Cramer spent all week in San Francisco, interviewing tech company CEOs to learn about what's coming next.
There are a lot of companies that aren't impacted by supply chain woes, and next week's game plan is full of them. On Monday, we'll hear from Zoom Video (ZM) - Get Free Report, the pandemic darling that's seen its shares decline as of late, something Cramer said is a buying opportunity.
On Tuesday, Cramer was all about the bulls. He expects great earnings from three great retailers, Dick's Sporting Goods (DKS) - Get Free Report, Best Buy (BBY) - Get Free Report and Dollar Tree (DLTR) - Get Free Report. Cramer also expects good news from Analog Devices (ADI) - Get Free Report and Dell (DELL) - Get Free Report.
Then on Wednesday, we'll get the latest durable goods orders, and Cramer is hoping for some easing on the inflation front.
Thanksgiving Day and Friday are the traditional kickoff to the holiday shopping season.
Executive Decision: Palo Alto Networks
In his first "Executive Decision" segment, Cramer sat down with Nikesh Arora, chairman and CEO of Palo Alto Networks (PANW) - Get Free Report, the cybersecurity giant with shares that rose another 2% in Friday's session.
Arora explained that with everyone moving to the cloud, it was vital for Palo Alto to have a world-class cloud security platform and that's what it's been working hard to build. Palo Alto is now the largest cloud security provider.
But security today involves a lot more than just the cloud. With so many people working from home, Palo Alto needs to protect people everywhere. That's why it's expanded into home security with routers that have security built in.
Arora noted that this was his company's best first quarter in five years and just proves that companies are finally beginning to take security seriously. According to research, when a hacker discovers a vulnerability, you have up to five hours to patch it and protect yourself. Palo Alto allows companies to move with that kind of speed.
Cybersecurity is the biggest risk companies face in today's world, Arora concluded, and that's why boards of directors need to be well versed on the threats and the solutions.
Executive Decision: Nvidia
For his second "Executive Decision" segment, Cramer took a pilgrimage to the headquarters of chipmaker Nvidia (NVDA) - Get Free Report, to speak with founder, president and CEO, Jensen Huang, about what's happening in the future of semiconductors. Shares of Nvidia have soared 153% this year.
Nvidia is a leader in gaming, the data center and professional visualization, Huang said, and provides the chips to simulate graphics, physics and even intelligence. He explained that in today's world, companies want to simulate everything, from how their product will perform to how best to route packages or deploy resources. Simulating in Nvidia's omniverse is faster and far less expensive than running experiments in the real world, he added.
When it comes to artificial intelligence, Huang said Nvidia is making big strides. The latest AIs cannot only understand words and sentences, but also the intent of what you're asking, based on where you are and what's going on around you. It knows the difference between a river bank and a money bank, for example, and if you're in your car and ask to "turn it up," the AI will know whether you mean the heater or the music.
Huang added that simulations are also great for cleaning up the planet by eliminating waste. Waste comes in all forms, he said, from wasted energy on the power grid, wasted radio waves in the air to connect your devices, to physical waste at factories. Simulating better ways of doing all these things will change the world.
Executive Decision: Levi Strauss
Bergh said there's a lot of pent-up demand for denim thanks to the pandemic. Up to 40% of Americans have a different waist size as a result of being at home, and that's why retailers are selling a lot of Levis right now.
Bergh also spoke of Levi's sustainability efforts, which revolve around climate, consumption and community. He said the company continues to work toward being better stewards of the environment, using less water and energy and emitting less carbon than ever.
When it comes to consumption, Bergh said that consumers are buying twice the amount of apparel they did 15 years ago and are throwing those clothes away twice as fast as well. That's why Levi is focused on "buy better, wear longer" to help reduce waste.
Finally, Bergh said that community starts with their employees, where the company has worked to help employees and their families throughout the pandemic.
Executive Decision: Williams-Sonoma
For his final "Executive Decision" segment of the week, Cramer sat down with Laura Alber, CEO of Williams-Sonoma (WSM) - Get Free Report, the home goods retailer that just posted great earnings that included a 17% increase in same-store sales.
Alber said that last year, the holidays were all but forgotten, but this year people are anxious to get back to decorating and gift-giving and socializing. They want to see products in store but still have the convenience of shopping online, which is why Williams-Sonoma offers both. Now that many people are working from home, they care more about their homes, she said. And while they may also get delivery more often, they're also cooking more at home as well.
Williams-Sonoma is taking its online shopping experience to a new level with features like augmented reality. Alber noted that the acquisition of Outward four years ago allows it to digitally render all of its products into photos of a home so customers can see exactly what the products will look like.
Alber added that because Williams-Sonoma designs and manufactures most of its products, it's close to the production process and has made strides toward sustainability.
Here's what Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Friday evening:
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