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Cramer's Mad Money Recap: Skyworks, AEP, Nucor

Game plan for a heavy round of earnings next week.
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Next week's earnings will be coming at us fast and furious, Jim Cramer told his Mad Money viewers Friday, but not all bad reports deserve to be sold. In the heart of earnings season, the market often makes mistakes. Those inadvertent selloffs are your chance to buy. We saw that Friday with Honeywell  (HON) - Get Honeywell International Inc. Report and American Express  (AXP) - Get American Express Company Report, both of which fell nearly 2%, despite their strong outlooks for the future.

Cramer's game plan for next week starts on Monday when Tesla  (TSLA) - Get Tesla Inc. Report reports. Tesla is a beacon for all EV stocks and SPACs and Cramer expecting the company to report good news.

Next, on Tuesday, we'll hear from Alphabet  (GOOGL) - Get Alphabet Inc. Report, Advanced Micro Devices  (AMD) - Get Advanced Micro Devices Inc. Report, Microsoft  (MSFT) - Get Microsoft Corporation Report and Starbucks  (SBUX) - Get Starbucks Corporation Report. Cramer was bullish on all but Starbucks, where growth in China could be offset by continued weakness in the U.S.

Wednesday brings earnings from Boeing  (BA) - Get The Boeing Company Report, a troubled stock with much potential now that air travel is resuming. We'll also head from three Cramer favs, Apple  (AAPL) - Get Apple Inc. Report, Ford  (F) - Get Ford Motor Company Report and Facebook  (FB) - Get Meta Platforms Inc. Report, all of which should do well.

Then on Thursday we'll get the latest earnings from Amazon  (AMZN) - Get Amazon.com Inc. Report and Skyworks Solutions  (SWKS) - Get Skyworks Solutions Inc. Report. Cramer said Amazon is much more than just a stay-at-home stock and Skyworks is benefitting from the semiconductor shortage.

Finally on Friday we'll hear from Exxon-Mobil  (XOM) - Get Exxon Mobil Corporation Report and Chevron  (CVX) - Get Chevron Corporation Report in the oil patch, but Cramer said he likes Chevron and Pioneer Natural Resources  (PXD) - Get Pioneer Natural Resources Company Report. Rounding out the week will be Clorox  (CLX) - Get Clorox Company (The) Report and Colgate-Palmolive  (CL) - Get Colgate-Palmolive Company Report, both of which have become battleground stocks to avoid.

Executive Decision: AEP

In his first "Executive Decision" segment, Cramer once again spoke with Nick Akins, chairman, president and CEO of American Electric Power  (AEP) - Get American Electric Power Company Inc. Report, the utility stock with a 3.4% dividend yield.

Akins said there's a lot going on at American Electric Power, including their recent announcement that they will grow their renewable energy generation to over 50% of total capacity. He said AEP used to be the nation's largest coal-powered generator, which makes this transition an amazing change for the company.

Akins added that since he's been CEO, AEP has shuttered more than 18,000 megawatts of coal generation capacity, and they'll be adding even more solar, wind and renewables, along with some natural gas facilities as backups.

AEP's North Central Wind project represents a $2 billion investment into wind power across three different locations.

Akins said that AEP is on the leading edge of change and is taking full advantage of the momentum President Biden has given to combat climate change.

Executive Decision II: Skyworks

For his second "Executive Decision" segment, Cramer spoke with Liam Griffin, president and CEO of Skyworks Solutions  (SWKS) - Get Skyworks Solutions Inc. Report, which announced Friday the acquisition of the infrastructure and automotive business of Silicon Labs  (SLAB) - Get Silicon Laboratories Inc. Report for $2.75 billion.

Griffin called the announcement a "perfect deal" that gives Skyworks great technologies that they wanted in a transaction that's immediately accretive to their earnings. He said it gives Skyworks access to markets they wanted to be in, including autos and the data center.

Unlike most acquisitions that include a lot of cost cutting synergies, Griffin noted that with this deal, they'll be investing and bringing all of the Skyworks' resources to grow these segments. He said he can't wait to bring 385 really smart people into the Skyworks family.

Shares of Skyworks closed up 4% today.

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Executive Decision III: Nucor

For his final "Executive Decision" segment, Cramer checked in Dion Topalian, CEO of Nucor  (NUE) - Get Nucor Corporation Report the steelmaker with shares up 106% over the past year.

Topalian said Nucor continue to look towards the future, which is why they've just made their single largest investment ever in the heart of Kentucky. He said their new plant is strategic both for its geography and because it has access to an abundance of clean, renewable energy.

Many people may not realize it, but the U.S. produces steel that's three-to-four times cleaner than anywhere else in the world. That give Nucor a competitive advantage as the cleanest and most sustainable steelmaker.

Nucor also remains committed to their balance sheet. The company has $3 billion in cash and short-term securities on hand, enough to both reinvest into their business and reward shareholders with dividends.

As America prepares to "build back better," Nucor stands at the ready. 

No Huddle Offense

In his "No Huddle Offense" segment, Cramer reminded viewers that stocks are not causes. He said the "buy and hold at all costs" mentality shows a fundamental misunderstanding about how investments work.

Yes, it's true that by ganging up on the short sellers, Wall Street Bets crowd was able to take shares of GameStop  (GME) - Get GameStop Corporation Report higher, but that was an anomaly. In the real world, you can't make money when everyone agrees with you. When someone attacks or sells a stocks, that's not a betrayal, it's a buying opportunity.

So if you're fretting over every talking head that hates your stocks, perhaps you need to take a second look at what you're buying, and why, you're buying them in the first place.

Lightning Round

In the Lightning Round, Cramer was bullish on Ferrari  (RACE) - Get Ferrari N.V. Report, Palantir Technologies  (PLTR) - Get Palantir Technologies Inc. Class A Report, Sonos  (SONO) - Get Sonos Inc. Report, Whirlpool  (WHR) - Get Whirlpool Corporation Report and Paysafe PSFE.

Cramer was bearish on Chargepoint CHPT, Smith & Wesson Brands  (SWBI) - Get Smith & Wesson Brands Inc. Report, Sorrento Therapeutics  (SRNE) - Get Sorrento Therapeutics Inc. Report, Clean Energy Fuels  (CLNE) - Get Clean Energy Fuels Corp. Report and Mohawk Group  (MWK) - Get Mohawk Group Holdings, Inc. Report.

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At the time of publication, Cramer's Action Alerts PLUS had no position in the stocks mentioned.