Nothing much has changed in the markets over the past week, Jim Cramer admitted to his Mad Money viewers Thursday. But there is one thing that's different, Cramer said: At least some commentators are lightening up on the recession rhetoric.
Good things can still happen in the stock market, Cramer said. There's once again expectations that trade talks will resume, for instance, and much of the recent economic data has been better than feared. Yet many investors continue to worry about the effects of tariffs and an inverted yield curve on their portfolios.
Cramer reminded viewers that it's hard to assess the effects tariffs will pose. Today we learned the Target (TGT) - Get Report is pressing suppliers to bear the costs of tariffs so consumers won't have to. As for bond yields, that also is hard to measure, Cramer said, especially over the short term.
Thursday we saw bond yields and manufactured goods orders rise. Railroad Union Pacific (UNP) - Get Report also gave investors a better-than-expected outlook that sent shares up 3.7%. Cramer said he still likes technology in this market, especially semiconductors like Micron Technologies (MU) - Get Report .
Cramer and the Action Alerts Plus team are keeping an eye on the pipelines at Amgen (AMGN) - Get Report and Novartis (NVS) - 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.
Put Winners on Your Team
As football season kicks off in America, Cramer debuted his annual fantasy stock portfolio, a diversified mix of stocks he said can go the distance throughout the rest of 2019. Just like a good football team, a good stock portfolio has a lot of different ways to win.
Starting off with his running backs, Cramer chose three tech giants, Apple (AAPL) - Get Report , Microsoft (MSFT) - Get Report and Amazon (AMZN) - Get Report . He said Apple is a winner despite tariffs and Microsoft has reinvented itself for the cloud era. As for Amazon, the company has a slow and steady retail juggernaut along with a fast-growing cloud behemoth.
Next, Cramer chose his wide receivers, those splashy stocks that can deliver big wins under pressure. He chose the cybersecurity company Okta (OKTA) - Get Report , which is up over 100% for the year, along with ServiceNow (NOW) - Get Report , up 51%, and the king of cloud, Salesforce.com (CRM) - Get Report .
Continuing with his fantasy stock portfolio, Cramer filled his coveted quarterback position with a group of all-star retailers including Target (TGT) - Get Report , Walmart (WMT) - Get Report , Home Depot (HD) - Get Report and Costco (COST) - Get Report .
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Executive Decision: Carvana
For his "Executive Decision" segment, Cramer sat down for the first with Ernie Garcia, chairman and CEO of Carvana (CVNA) - Get Report , the online auto vendor that's disrupting the used car market. Shares of Caravan are up 159% for 2019.
Garcia said Carvana's goal is to provide customers with a better car buying experience. They offer a one-stop shop that not only provides a wide selection of vehicles, but also financing options. Carvana will even deliver your vehicle right to your door.
Garcia added that one of the biggest things that has changed in the auto industry is that customers communicate more with each other. That means if you provide a great experience, customers will share that experience for you. That's why Carvana has products such as their car vending machines now available in 20 markets across the country.
On Real Money, Cramer says high Fed rates, tariffs and China trade wars are all just distractions. Get more of his insights with a free trial subscription to Real Money.
In his "No-Huddle Offense" segment, Cramer said maybe it's time to take the pressure off ourselves. After taking a week's vacation, one with no televisions, PCs or smartphones, Cramer said he returned to find he missed pretty much nothing. For all of the news and commentary on tariffs, bond yields and a slowing economy, in reality, not much had changed in the week he was gone.
Perhaps it's time to not sweat the small stuff, Cramer concluded, and stay focused on the long term.
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At the time of publication, Cramer's Action Alerts PLUS had a position in AMGN, NVS, AAPL, MSFT, AMZN, CRM, HD.