After tons of great earnings this week, Jim Cramer told his Mad Money viewers Friday that he's even more confident about next week. Cramer said you just may be surprised at how well many individual companies are doing.
Cramer's game plan kicks off on Monday with earnings from AT&T (T) - Get AT&T Inc. Report , Walgreens Boots Alliance (WBA) - Get Walgreens Boots Alliance Inc Report , Alphabet (GOOGL) - Get Alphabet Inc. Class A Report and everyone's favorite burger substitute, Beyond Meat (BYND) - Get Beyond Meat, Inc. Report . Cramer said AT&T is likely to deliver, as will Google if they see any strength in their cloud services. He expected Walgreens to disappoint, however, and said Beyond Meat will be worth a lot less once the stock's lockup period expires on Tuesday.
Speaking of Tuesday, Cramer was bullish on Mastercard (MA) - Get Mastercard Incorporated Class A Report , Advanced Micro Devices (AMD) - Get Advanced Micro Devices, Inc. Report , Merck (MRK) - Get Merck & Co., Inc. Report and Shopify (SHOP) - Get Shopify, Inc. Class A Report . He was not a fan of Grubhub (GRUB) - Get Grubhub, Inc. Report or General Motors (GM) - Get General Motors Company Report , which will also be reporting.
Wednesday brings earning from Apple (AAPL) - Get Apple Inc. Report and Facebook (FB) - Get Meta Platforms Inc. Class A Report , but Cramer said all eyes will be on the Federal Reserve's decision on interest rates.
On Thursday, we'll hear from two more Cramer faves, Bristol-Myers Squibb (BMY) - Get Bristol-Myers Squibb Company Report and Estee Lauder (EL) - Get Estee Lauder Companies Inc. Class A Report , but the week will finish with two he's not as crazy about -- Exxon-Mobil (XOM) - Get Exxon Mobil Corporation Report and Chevron (CVX) - Get Chevron Corporation Report . Cramer said millennials simply don't like fossil fuels and that's beginning to matter.
Executive Decision: American Airlines
For his "Executive Decision" segment, Cramer welcomed back Doug Parker, chairman and CEO of American Airlines (AAL) - Get American Airlines Group, Inc. Report , which just posted a mixed quarter but still saw shares rise 4.9% by the close.
Parker explained that American has invested $31 billion to upgrade and modernize their fleet, and they now have the youngest fleet in the business. Those investment costs will be dropping off quickly, he noted, which will be a big boost to cash flows.
When asked about the competitive environment, Parker said the airline business is always competitive. Consumer demand remains strong, he said.
Finally, Parker spoke about Boeing's (BA) - Get Boeing Company Report 737 Max. He said Boeing failed to deliver on their promises and the $540 million loss American has suffered should not be paid by American's shareholders. When asked about the plans to return the plane to service, Parker said American's pilots are heavily involved with both Boeing and the FAA, and when an American Airlines pilot says the plane is safe, it will be safe.
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Garrett Motion, Resideo Technologies
It's been a year since Honeywell (HON) - Get Honeywell International Inc. Report split up, spinning off Garrett Motion (GTX) - Get Garrett Motion Inc Report and Resideo Technologies (REZI) - Get Resideo Technologies, Inc. Report . Now that investors have had a year to evaluate these new entities, are they worth buying? Cramer said he's got a lot of respect for Honeywell, which is why you never want to be a buyer of what Honeywell is selling.
Garrett Motion is an auto parts company, making turbochargers, parts and software for automakers. Shares debuted at $18 last year but now trade for just over $9. That's because the automakers are struggling, which makes the auto parts business a place you don't want to be.
Resideo should be the opposite. The housing market continues to be strong, so a company that makes climate control and security products should be strong as well. Unfortunately, that's not been the case with Resideo, which has seen its shares plunge 54% for the year.
Cramer said he's still a fan of the very-well-run Honeywell, adding that the company spun off these two lagging divisions at the perfect time.
Celebrating "National Business Women's Week," Cramer sat down with Sally Krawcheck, co-founder and CEO of Ellevest, an investment platform dedicated to closing the gender investing gap.
Krawcheck said for an industry that's supposed to be focused on "just the facts" and making the most money, it is very surprising that Wall Street hasn't tapped into one of the easiest ways to make money: diversity. She noted that 98% of all mutual fund dollars are run by men, a statistic that's mind-blowing for 2019.
Krawcheck said the research has shown that women are just as good at investing as men. In fact, when women delegate investing to their spouses, then take over later in life, over 75% of women report negative surprises in how their partners managed their money.
Recession Is less Likely
In his "No-Huddle Offense" segment, Cramer pondered whether the prospect of a recession is off the table now that the trade war has cooled, the Fed is lowering rates and earnings have been fantastic this quarter.
Cramer said Dow Chemical (DOW) - Get Dow, Inc. Report is finding a bottom, and Dow is an excellent barometer for the economy overall. Stocks with high yields have also been trading well, which is another positive sign.
But then there are the earnings themselves. Companies ranging from Caterpillar (CAT) - Get Caterpillar Inc. Report to American Electric Power (AEP) - Get American Electric Power Company, Inc. Report have told us the economy is improving. Then there have been other companies, like JPMorgan Chase (JPM) - Get JPMorgan Chase & Co. Report , which have told us the consumer is strong.
Cramer said there's no reason the Fed shouldn't lower interest rates next week, and if that happens, the recession thesis will be gone.
In the Lightning Round, Cramer was bullish on Nvidia (NVDA) - Get NVIDIA Corporation Report , Tyson Foods (TSN) - Get Tyson Foods, Inc. Class A Report and Amazon (AMZN) - Get Amazon.com, Inc. Report .
Cramer was bearish on Microchip Technology (MCHP) - Get Microchip Technology Incorporated Report , Texas Instruments (TXN) - Get Texas Instruments Incorporated Report , Del Taco Restaurants (TACO) - Get Del Taco Restaurants, Inc. Report , Chewy (CHWY) - Get Chewy, Inc. Class A Report and Progressive (PGR) - Get Progressive Corporation Report .
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At the time of publication, Cramer's Action Alerts PLUS had a position in GOOGL, MA, AAPL, FB, HON, NVDA, AMZN, CAT, JPM.