We could have had a disastrous day on Wall Street, after the Labor Department confirmed the U.S. economy created just 20,000 jobs last month. But instead, we just had a disastrous week, Jim Cramer told his Mad Money viewers Friday. That's because while investors were able to shrug off today's labor weakness as a side effect of the government shutdown, longer term they still remain focused on trade and China.
Next, on Tuesday, Yum China (YUMC - Get Report) will host an analyst day, and Cramer said any data out of China will be welcomed. Also on Tuesday, earnings from Dick's Sporting Good (DKS - Get Report) , which will tell us whether to buy Nike (NKE - Get Report) , and the Consumer Price Index, which will be followed by the Producer Price Index on Wednesday. Cramer said he expects these metrics to confirm that Friday's labor number was an anomaly.
The earnings continue on Thursday with Adobe Systems (ADBE - Get Report) , Broadcom (AVGO - Get Report) and Ulta Beauty (ULTA - Get Report) . Cramer expects a blowout from Adobe and Ulta, but took a more cautious stance on Broadcom given the weakness in the semiconductors.
Finally on Friday we hear the latest industrial production and consumer sentiment numbers, which again should help investors judge which way the economy is headed next.Home Builders
Is it time to invest in the home builders? Depends who you ask, Cramer told viewers, as this group received both an analyst upgrade and a downgrade on the same day.
After getting crushed in the fourth quarter, the home builders have be rebounding since January as interest rates took a pause. But today, an analyst at JPMorgan Chase (JPM - Get Report) downgraded Toll Brothers (TOL - Get Report) and other home builders, while analysts at Zelman & Associates upgraded Toll Brothers and D.R. Horton (DHI - Get Report) , among others. Who's right?
Cramer said JPMorgan's bear case looks largely to the past, citing rising interest rates, soaring commodity prices and a shift amongst millennials to live at home longer. Zelman took a more forward thinking stance however, noting that interest rates have paused and 2019 may shape up to be not so bad after all.
Cramer said when it comes to the home builders, Zelman has been the go-to analysts to follow and he's betting that the future will certainly be better than where we were at the end of 2018.
Regular viewers of Mad Money will remember Planet Fitness as the anti-gym, a low-pressure place that's welcoming to all. The company continues to open new locations and attract tons of new customers along the way. Planet Fitness has delivered strong quarter after strong quarter, Cramer said, including 15% revenue growth and 25% earnings growth last quarter alone.
Meanwhile, Weight Watchers seems "lost in the woods," according to Cramer, having fallen from $80 a share in 2011 to under $5 a share in 2015. By the end of 2018, shares had rebounded into the $40s, but since January have again lost more than 50% of their value, trading at less than $20 as of today.
After rebranding the company in September with a new focus towards wellness, Weight Watchers reported a decline in membership from 4.5 million to 4.2 million in just three months. It seems the new look and focus is no longer appeals to members.
Executive Decision: WD-40
For his "Executive Decision" segment, Cramer sat down for the first time with Garry Ridge, president and CEO of WD-40 (WDFC - Get Report) , the California-based manufacturer of household products like WD-40, Spot Shot, 3-in-1 and many more. Shares of WD-40 are up 133% over the past five years.
Ridge started off with a little history lesson, explaining that WD-40 was originally created as a water displacement spray for rockets, thus the "WD" in its name, and after 39 failed attempts, it was 40th try that was finally successful. Since those humble beginnings, WD-40 has moved away from rocket chemicals and is now in the business of creating happy memories, Ridge said, as they solve problems in factories, workshops and homes around the world.
The employees at WD-40 are among the happiest around, Ridge noted, as they all want to make a contribution to something that's bigger than themselves. He said the company's culture is purpose driven and has high values and standards that are reflected in everything they do.
WD-40 even works hard to solve problems it has created, like losing that little red straw that comes with every can. Ridge said their newest packaging makes sure that straw never gets separated and now their straws can even be bent and shaped to get around corners and deliver the spray exactly where it's needed.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer circled back to his six searchlight stocks from last night's show, the ones he said would predict the direction of the market. Indeed, after a very rough opening, Cramer said he saw strength in FedEx (FDX - Get Report) , Workday (WDAY - Get Report) , Micron Technologies (MU - Get Report) , Facebook (FB - Get Report) , an Action Alerts PLUS holding, Goldman Sachs (GS - Get Report) and most bullish of all, CVS Health (CVS - Get Report) .
Cramer said after seeing strength in all of these names, he knew the market wouldn't end the day as badly as it began, a prediction that did indeed come true by the close.
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