Get ready for another rough day on Monday, Jim Cramer warned his Mad Money viewers Friday. The markets showed signs of trying to bottom Friday, but there's still more pain ahead, Cramer admitted, even after the worst week for stocks since the financial crisis.
Cramer's game plan for next week starts on Monday, when we'll inevitably get more bad news about the coronavirus. Cramer said to keep an eye on the bond market for clues on which way stocks are likely headed. There are billions of dollars worth of trading that happens when bond yields head lower.
Stocks might see a snap-back rally on Tuesday, although it might be short-lived. Cramer said he'll be watching earnings from Kohl's Stores (KSS) - Get Report, Ross Stores (ROST) - Get Report, Veeva Systems (VEEV) - Get Report and the analyst meeting at Chevron (CVX) - Get Report on Tuesday, but he expects Ross to be the only bright spot.
The earnings continue on Wednesday, where Cramer was bullish on Dollar Tree (DLTR) - Get Report and Campbell Soup (CPB) - Get Report, along with Splunk (SPLK) - Get Report and Zoom Video (ZM) - Get Report.
Next, on Thursday, we hear from some other Cramer favorites, including Costco (COST) - Get Report, Okta (OKTA) - Get Report, Advanced Micro Devices (AMD) - Get Report and Teladoc (TDOC) - Get Report. Cramer was bearish on Exxon-Mobil (XOM) - Get Report, which will hold an analyst day on Thursday. Even with Exxon's 7% yield, Cramer said oil stocks are in the past.
Finally on Friday we'll get the latest non-farm payroll numbers and there's a chance they may show the beginnings of coronavirus-influenced cutbacks. If the market pulls back on Friday, Cramer said that might be the first buyable dip of the week.
Cramer and the AAP team are looking at everything from earnings and tariffs to the Federal Reserve. 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.
Raise Cash, Be Ready
After a horrendous week on Wall Street, investors want to know where the bottom will be. Cramer said, unfortunately, he doesn't know how low stocks will fall, but there are some familiar patterns investors can follow.
The first thing investors need, before the bottom arrives, is to raise some cash. That means you may have to take some losses and sell low so you can buy even lower. If you have any travel-related stocks or oil stocks, Cramer advised selling into any strength.
Once you have cash on hand, Cramer said investors can begin buying, in stages, as stocks continue to head lower. He recommended Barrick Gold (GOLD) - Get Report and well as drug stocks like Abbott Laboratories (ABT) - Get Report. Food and beverage stocks are a good choice with names like Coca-Cola (KO) - Get Report . Cramer was bullish on Moderna (MRNA) - Get Report, Shopify (SHOP) - Get Report, Teladoc and even AT&T (T) - Get Report and Verizon (VZ) - Get Report.
There will be more selling in the days ahead, Cramer cautioned, so buy slowly in stages.
Executive Decision: Atlassian
In his second "Executive Decision" segment, Cramer also sat down with Mike Cannon-Brookes, co-founder and co-CEO of Atlassian (TEAM) - Get Report, the collaboration software provider with 164,000 clients and 37% growth.
Cannon-Brookes said that almost every company is adding technology into their business and Atlassian is about solving human problems and helping humans solve complex problems together. For far too long, companies have used spreadsheets for too many things, he said, but Atlassian provides software that's custom built for the processes and workflows needed.
Among the company's many customers are household names like Lululemon Athletica (LULU) - Get Report, Square (SQ) - Get Report, Visa (V) - Get Report and Coca-Cola. Even NASA has used Atlassian software to help send missions to Mars, he said.
Executive Decision: Clean Harbors
McKim said that despite the weaker-than-expected results, business at Clean Harbors remains strong. His company is ready to respond to almost any event, even dangerous ones, he said, which is why the government turned to Clean Harbors during the anthrax scare at the post office years ago.
Clean Harbors is actively involved with the new international shipping regulations that require over 55,000 ships around the world to switch to fuel that has less sulfur. They are also working with regulators in the U.S. on how better to dispose of so-called "forever chemicals" that don't break down in the environment. He said Clean Harbors has a growing network of incinerators that are capable of safely disposing these chemicals.
Cramer concluded that the analysts got it wrong with Clean Harbors and as our world focuses more and more on the environment, this company will only be more in demand.
On Real Money, Cramer keys in on the companies and CEOs he knows best. Get more of his insights with a free trial subscription to Real Money.
Executive Decision : Hannon Armstrong
In his final "Executive Decision" segment for the week, Cramer sat down with Jeff Eckel, CEO, president and CEO of Hannon Armstrong (HASI) - Get Report, the REIT that only invests in sustainable projects. In recent years, the company has returned 25% a year, on average.
Eckel explained that in a world increasingly defined by climate change, making sustainable investments provides the best returns. What they mean by sustainable are investments that either reduce carbon or makes communities more resilient.
Eckel added that investors in Hannon Armstrong aren't just looking to do good, they're looking to make money. His company is held to the same standards and investors demand better-than-market returns.
When asked how the President Trump's policies affect their investments, Eckel noted that everything they invest in are at least 30-year projects that will last through many presidential administrations. They're making long-term economic decisions, not short-term political ones.
Here's what Jim Cramer had to say about some of the stocks that callers offered up during the Mad Money Lightning Round Friday evening:
Schrodinger SDGR: "That's an interesting situation and I like it."
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