The most important thing to watch next week is Twitter, Jim Cramer told his Mad Money viewers Friday. No, not Twitter the stock (TWTR - Get Report) -- the Twitter account of President Trump, who's likely to have something to say about China and trade that will send the markets lower.
Cramer's game plan for next week starts on Monday with United Technologies (UTX - Get Report) , which will be holding an analyst meeting. He said investors want to hear the justification for the Raytheon (RTN - Get Report) merger as well as how their breakup plans are proceeding.
Next on Tuesday, General Electric (GE - Get Report) will be holding an analyst day and Adobe Systems (ADBE - Get Report) will be reporting earnings. Cramer said the numbers will be all investors care about at GE, but even if Adobe reports great earnings, investors might not care as they rotate away from the cloud stocks and into other sectors.
Thursday is the biggest day of the week with earnings from Kroger (KR - Get Report) , Darden Restaurants (DRI - Get Report) and Canopy Growth (CGC - Get Report) . Cramer was not overly bullish on any of these three stocks. He was, however, excited for the investors days for Merck (MRK - Get Report) and Tyson Food (TSN - Get Report) , where he expects to hear good news from both companies.
Cramer and the AAP team trimmed a little of their position in JPMorgan Chase (JPM - Get Report) . 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: RH
For his "Executive Decision" segment, Cramer welcomed back Gary Friedman, chairman and CEO of RH (RH - Get Report) , to the show to talk about his company's remarkable quarter that sent shares soaring by 15%.
Friedman started off by saying that "people continue to misunderstand us." He said they're confused by their business model and assume that if retail is under attack, RH must be under attack as well. In reality, RH plays on a "different level," Friedman said, and that was proven in this quarter's surprising results.
When asked about the effect of tariffs on RH's business, Friedman explained that he can't be over-reactive to short-term noise. He said it's more risky to try and move supply chains on a short-term basis than it is to deal with tariffs that could be resolved tomorrow. RH is constantly looking for opportunities. If there are better long-term solutions, they will embrace them, as they already have with their North Carolina manufacturing facility and other operations around the globe.
In the end, balancing trade is a good thing for the U.S., Friedman said, and RH will be ready to prosper from that.
Know Your IPO: Chewy
In his "Know Your IPO" segment, Cramer highlighted Chewy (CHWY) , a stock that soared 59% on its first day of trading.
Cramer explained that Chewy is playing right into the humanization of pets trend and is capitalizing on the fact the pet supply market is way behind when it comes to digitization. In fact, only 14% of pet supply sales are online. At Chewy, however, 80% of the country can receive next-day shipping and the bulk of their revenue comes from subscription services for items like pet food.
Chewy pulled in $3.5 billion in revenues last year and is now the dominant player in the space.
That said, Cramer said the stock now trades for 2.9 times sales, which falls outside his maximum of 2.5 times sales. If the stock were to pull back below $31, he would be a buyer.
Executive Decision: Centene
Neidorff said Centene continues on its mission to improve patient outcomes by modernizing healthcare and expanding its ecosystem. He said the Affordable Care Act marketplace is working and over 80% of their customers renew their plans.
When asked about some political candidates' proposals for a single payer healthcare system, Neidorff said many of these plans simply won't work. He said the government is never more efficient than private industry and the only way they can save money is by withholding care.
Neidorff said in the current system, Centene is able to teach people how to use insurance properly and move them from Medicare to their own plans. What America needs are new ideas for getting more people insured.
In his "No Huddle Offense" segment, Cramer opined on the suboptimal quarter from Broadcom (AVGO - Get Report) , which included the company trimming revenue estimates by a whopping $2 billion as a result of the trade war. It seems Broadcom misjudged the White House for the second time in two years.
Back in 2017, Broadcom attempted to acquire Qualcomm (QCOM - Get Report) , a deal that was stifled by growing trade tensions. Then this quarter, the company misjudged President Trump again as he banned sales to Huawei.
Cramer asked, "How many times can these executives make these mistakes?" If not, there's more downside ahead for the chipmakers.
On Real Money, Jim Cramer says Broadcom's stock had been one of the great comeback stories until Thursday. Get more of his insights with a free trial subscription to Real Money.
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