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The inverted yield curve may have a lot of investors worried about a recession, but Jim Cramer isn't one of them. Cramer told his Mad Money viewers Friday that this dreaded event is not a sign of recession, it's only a sign the Federal Reserve never should have raised interest rates in December.

Investors shouldn't try to be heroes. You can't stop the rain coming down on this market until you get a host of people to realize there are bargains even if we have a big slowdown, he said. That's why Cramer's staying the course, sticking with fast growers and high-yielding dividend stocks.

Cramer's game plan for next week starts on Monday with a product unveiling at Apple (AAPL) - Get Apple Inc. Report , an Action Alerts PLUS holding. Investors should expect the bears to be out in force as the event unfolds, but Cramer's sticking with the company for the long term.

On Tuesday, we hear from Carnival Cruise Lines (CCL) - Get Carnival Corporation Report , Ollie's Bargain Outlet (OLLI) - Get Ollie's Bargain Outlet Holdings Inc. Report and Adobe Systems (ADBE) - Get Adobe Inc. Report , which will host an analyst day. Cramer was bullish on all three stocks. Cronos Group (CRON) - Get Cronos Group Inc. Report will also report, but Cramer preferred Canopy Growth Corp.  (CGC) - Get Canopy Growth Corporation Report .

Next, on Wednesday, Lennar (LEN) - Get Lennar Corporation Class A Report , Paychex (PAYX) - Get Paychex Inc. Report , PVH (PVH) - Get PVH Corp. Report and Lululemon Athletica (LULU) - Get lululemon athletica inc. Report . Cramer took a wait-and-see stance on Lennar and Paychex, but remained bullish on PVH and Lulu.

Then on Thursday, we get earnings from Accenture (ACN) - Get Accenture plc Class A (Ireland) Report  , and Foot Locker (FL) - Get Foot Locker Inc. Report will hold an analyst meeting. Cramer expected good things from Accenture and said Foot Locker will provide an excellent opportunity to buy Nike (NKE) - Get Nike Inc. Report .

Finally, on Friday, Cramer was bearish on CarMax (KMX) - Get CarMax Inc Report , but expected a feeding frenzy when Lyft debuts as a public company. 

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Executive Decision: Iridium

For his "Executive Decision" segment, Cramer sat down with Matt Desch, CEO of Iridium (IRDM) - Get Iridium Communications Inc Report , the satellite communications company with shares up 43% for the year.

Iridium just launched the last of its next generation satellites two months ago, Desch said, completing a network of 66 satellites that will power the company's growth for the next decade.

One of the functions included in this next generation is the ability to receive transponder signals from airliners, Desch explained, including information such as speed, altitude and direction. Iridium is already being called on my government agencies to use this data to aid in accident investigations, including the two recent Boeing (BA) - Get The Boeing Company Report 737 Max crashes. Every airline operating in the U.S. and Europe will be required to have this system installed by year's end.

Unlike cell towers, which only cover 10% to 15% of the planet, Iridium offers 100% coverage anywhere on the globe, ensuring that not only airlines, but also commercial applications as well, always have the coverage they need.

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.

A Lift From Lyft? 

In a slowing economy, secular growth stories are the place to be, Cramer told viewers, and one of the hottest secular growers, Lyft, comes public next Friday.

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Lyft is an amazing story, Cramer said. After humble beginnings in San Francisco in 2012, the company is now the No. 2 player with 39% market share. Lyft serves 300 markets and covers 95% of America. It also has delivered over one billion rides to its customers.

With car ownership on the decline, it's no wonder Lyft was able to double its revenues last year and deliver 18% gross margins. The company also has a pristine balance sheet.

But, Cramer noted Lyft is also burning a ton of cash to grow and while management said 2019 will be its peak spending year, there's no way to know for sure. Lyft also has a dual-class stock structure which gives common shareholders little power to disagree with management.

As for valuation, Cramer said the expectations put Lyft shares between 3.8 and 4.8 times sales, which while expensive, is still cheaper than Netflix (NFLX) - Get Netflix Inc. Report and Etsy (ETSY) - Get Etsy Inc. Report . That said, he advised using only limit orders and not paying up for the stock. Beyond $70 a share, the stock becomes dicey.

Cramer and the AAP team are on the watch for stocks that look like bargains at these lower prices. 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.

IPO Season Opens 

In his "No-Huddle Offense" segment, Cramer explained the IPO lifecycle so investors can prepare for the weeks and months ahead.

This year's IPO season began this week with Levi Strauss (LEVI) - Get Levi Strauss & Co Class A Report , which proved to be the perfect IPO at the perfect price and a deal that ensured everyone makes money. The highest quality companies always go first, Cramer said.

Next week we will get Lyft, the first monster deal of the year. Cramer said Lyft will also be reasonably priced, but the pressure to sell other stocks to make room for Lyft will already begin to take its toll.

After a few other unicorn deals, like Pinterest, which filed Friday for a $100 million IPO, Cramer said the underwriters will use the excitement to push the sub-optimal deals and the Chinese IPOs. All of which will lead to the end of the cycle with Uber. Cramer said he expects Uber to be priced aggressively, and after a short pop, IPO fatigue will set in and the deal is likely to decline shortly thereafter. 

Executive Decision: Planet Fitness 

In his second "Executive Decision" segment, Cramer sat down with Chris Rondeau, CEO of Planet Fitness (PLNT) - Get Planet Fitness Inc. Report , a stock that's up 266% over the past five years.

Rondeau said Planet Fitness' success stems from the fact that 9% of all membership dues are invested into marketing to new members. The more members that join, the more fuel they have to grow their already robust 12.5 million-member base.

Another positive for the company is their ability to keep things simple. Rondeau explained that Planet Fitness focuses on cardio and circuit training and leaves the juice bars and daycares to other chains. It's the atmosphere that gets people off the couch, he said. Everyone is welcome, there are no judgments and they even offer free pizza at the beginning of every month.

Cramer said he remains bullish on this continuing success story.

Lightning Round

In the Lightning Round, Cramer was bullish on Enterprise Products Partners (EPD) - Get Enterprise Products Partners L.P. Report , Merck (MRK) - Get Merck & Company Inc. Report , Alteryx (AYX) - Get Alteryx Inc. Class A Report and Axon Enterprise (AAXN) - Get Axon Enterprise Inc Report .

Cramer was bearish on Perrigo (PRGO) - Get Perrigo Company plc Report .

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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL.