Next week brings more controversy and lots of risk, Jim Cramer warned his Mad Money viewers Friday, as he talked about trade and tariffs, and laid out his game plan.
Cramer said it's up and down when it comes to trade and tariffs. First, we get optimism, and hear about low-level talks. Then President Trump lowers the boom and tells his people to go ahead with tariffs on $200 billion in Chinese products. Only when we see the most important trade person in the White House, Peter Navarro, the president's top trade adviser, actually say he thinks there could be a deal, should you believe that one is at hand.
Cramer said investors need to keep some money on the sidelines, so they can do some buying on the weakness.
On Monday, the week starts off with earnings from FedEx (FDX) and Oracle (ORCL) . Cramer said FedEx disappointed last quarter, which makes it a tough call. Likewise, with Oracle, which may not have a lot of upside, even with a good quarter.
Next, on Tuesday, it's AutoZone (AZO) and General Mills (GIS) reporting. Cramer said AutoZone is one of the stars for the week, with good earnings, a great buyback and now a hurricane that will likely prompt a lot of auto repairs. As for General Mills, this is another tough call, as the company paid big for Blue Buffalo.
Then on Thursday, it's Darden Restaurants (DRI) , Thor Industries (THO) and Micron Technologies (MU) in the earnings spotlight. Cramer said he might buy some Darden, but Thor and Micron are too hard to call.
Finally, on Friday, we get the latest PMI reading, a number that could spike interest rates, which would be welcomed news for the banks. Cramer said Goldman Sachs (GS) is the cheapest in the group.
Cramer and the AAP team say the industrial production numbers show the U.S. will remain in expansion mode. 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.
Executive Decision: Boot Barn
For his "Executive Decision" segment, Cramer sat down with Jim Conroy, president and CEO of Boot Barn (BOOT) , the western apparel retailer with 233 locations and shares that have soared 250% over the past 12 months.
Conroy said Boot Barn is playing in a $20 billion market and has room to more than double their store count in the U.S. Nearly 85% of the company's sales are sold at full price, with little need for discounting. Outside of the U.S., Australia is Boot Barn's biggest market.
Conroy described Boot Barn as a family store, with both men's and women's apparel catering to both western and work wear. The company sells everything from boots, hats and belts to jeans and jackets.
Cramer said Boot Barn will be a great story for many years to come as there are still plenty of places for the company to expand.
Over on Real Money, Cramer says you should think of Sears (SHLD) as a place that others can take sales from. Get more of his insights with a free trial subscription to Real Money.
The Wingstop Story
What do you do with a great growth company that gets a pair of analyst downgrades? You do the homework, Cramer said, which is exactly what he did with Wingstop (WING) , the restaurant chain with over 1,000 locations and shares that are up 82% in 2018.
Cramer said Wingstop isn't just a regional to national story, it's a regional to international story, as the company already has over 100 locations overseas. Wingstop added 135 new locations last year and plans to accelerate that growth this year.
Shares of Wingstop sold off in February on what proved to be conservative guidance from the company. That was a buying opportunity, Cramer explained, because this quarter, the company raised its guidance. That's why the pair of downgrades, citing Wingstop's valuation, will likely be another chance to buy.
Cramer said Wingstop is not an earnings-per-share story, it's a total-addressable-market story. And based on that metric, Wingstop looks like Domino's Pizza (DPZ) and not like a stock you should be selling into growth. Even at 67 times earnings, share are attractive, especially if the company continues to post 9.5% same-store sales growth.
Executive Decision: Broadridge Financial Solutions
For his second "Executive Decision" segment, Cramer sat down with Rich Daly and Tim Gokey, outgoing and incoming CEOs of Broadridge Financial Solutions (BR) , the financial tech company with shares that have risen 27% over the past six months.
Daly explained that Broadridge's transition to Gokey is not something they took lightly. He said Gokey has been a key part of their plans for years, adding, "We got this right."
Gokey said that Broadridge has laid out a 10-year plan and he continues to execute on that plan, which continues to focus on retail investors as well as new technologies like blockchain. Broadridge has invested $150 million into blockchain services, and the company plans to be a leader in the space three to five years from now.
Daly added that retail investors matter more than ever and our Securities and Exchange Commission is working hard to introduce new rules that add ease and transparency to being an individual shareholder.
Chill Out With Cannabis Stocks
In his "No-Huddle Offense" segment, Cramer cautioned that investors shouldn't get ahead of themselves when it comes to the cannabis stocks, even if he himself is slowly becoming a believer in the group.
While the cannabis market is currently just $30 billion, the disruption opportunities for everything from edibles to beverages could be as high as $500 billion. But that doesn't mean profits will be close at hand. Even in Canada, where marijuana will be legalized in October, there is little infrastructure in place to begin selling it.
Be sensible, Cramer concluded, and don't expect huge sales here in the U.S. anytime soon.
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