The markets have finally emerged from "hell week," Jim Cramer told his Mad Money viewers Friday, and bounced back after a wild day. Stocks ended in the green, reversing earlier losses prompted by worries over the trade war with China and Uber's IPO. That means investors can again focus on earnings, which remain at the heart of his game plan for next week's action.
On Monday, Cramer will be watching for Chinese tariff retaliation, along with earnings from Take-Two Interactive (TTWO) - Get Take-Two Interactive Software Inc. Report . He expects the stock will pop on an upside surprise.
Next, on Tuesday, it's earnings from Ralph Lauren (RL) - Get Ralph Lauren Corporation Report , Cyberark (CYBR) - Get CyberArk Software Ltd. Report and Tilray (TLRY) - Get Tilray Brands Inc. Report . Cramer was bullish on both Ralph Lauren and Cyberark, but preferred Canopy Growth (CGC) - Get Canopy Growth Corporation Report over Tilray.
On Wednesday, Cramer was bullish on Alibaba (BABA) - Get Alibaba Group Holding Limited American Depositary Shares each representing eight Report , as the Chinese continue to bolster their economy. He also liked Cisco Systems (CSCO) - Get Cisco Systems Inc. Report , an Action Alerts PLUS holding, but felt that Macy's (M) - Get Macy's, Inc. Report could disappoint.
Thursday brings more earnings, this time from Walmart (WMT) - Get Walmart Inc. Report , Nvidia (NVDA) - Get NVIDIA Corporation Report and Pinterest (PINS) - Get Pinterest Inc. Class A Report . Cramer was a fan of all three stocks.
Cramer and the AAP team say this week's market action proved them right in their efforts to raise cash. 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.
Ready for China
U.S. companies are a lot more prepared for President Trump's tariffs than many people think, Cramer told viewers. Ever since Trump took office, the message has been clear, "get out of China," and many companies have listened.
You'd expect the dollar stores to be hit hardest, Cramer said, yet Dollar Tree (DLTR) - Get Dollar Tree Inc. Report is up 15% on the year, while Dollar General (DG) - Get Dollar General Corporation Report has risen 13%. These companies have been aggressively diversifying away from China and have been successful. If these low-price leaders are not vulnerable, that bodes well for Walmart (WMT) - Get Walmart Inc. Report , Target (TGT) - Get Target Corporation Report and Five Below (FIVE) - Get Five Below Inc. Report .
Even those that sell largely into China are doing OK, with Emerson Electric (EMR) - Get Emerson Electric Company Report , United Technologies (UTX) - Get n.a. Report and Starbucks (SBUX) - Get Starbucks Corporation Report all holding up nicely.
Cramer said the stocks that could really get hurt from escalating tariffs are Apple (AAPL) - Get Apple Inc. Report , Boeing (BA) - Get The Boeing Company Report and Caterpillar (CAT) - Get Caterpillar Inc. Report .
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.
Cramer's 5G Favorites
In a confusing market, investors should always be prepared to fall back on long-term secular themes, like the coming 5G wireless buildout. Cramer's already highlighted several names in this group including Nokia (NOK) - Get Nokia Corporation Sponsored American Depositary Shares Report , Skyworks Solutions (SWKS) - Get Skyworks Solutions Inc. Report and Broadcom (AVGO) - Get Broadcom Inc. Report , but on Friday, he added three new names to his growing list of winners.
First up was VMware (VMW) - Get VMware, Inc. Report , makers of virtualization software that's now being used by telco providers as part of 5G implementations. Cramer said he's always been a fan of VMware and now he likes the company even more.
Next was a pair of chipmakers, Silicon Labs (SLAB) - Get Silicon Laboratories Inc. Report and Marvell Technologies (MRVL) - Get Marvell Technology Inc. Report . Cramer said both of these companies are poised to win big as they have the best 5G chips for the job. Marvell also has a diversified portfolio of chips in other hot sectors including the Internet of things and automotive.
Executive Decision: LivePerson
For his "Executive Decision" segment, Cramer sat down with Rob Locascio, founder and CEO of LivePerson (LPSN) - Get LivePerson Inc. Report , the customer relations software provider with shares up 375% over the past three years.
Locascio explained that after pioneering chatbot software for companies, he realized that voice and AI are the future and has now pivoted LivePerson to embrace those technologies. Now, instead of calling a company and being on hold, you can message or talk to an AI bot and get your questions answered and your problems solved.
LivePerson has many examples of their technologies in use, from messaging a bot to order beer and a hot dog for delivery to your stadium seat at a ballgame to bypassing the line checking in to a Las Vegas hotel. Locascio said now that Apple has opened up iMessage to businesses, that will be yet another platform for LivePerson to integrate their technology into.
Put the Team First
In a special interview, Cramer spoke with John Harbaugh, head coach of the Baltimore Ravens football team. Harbaugh was a part of Armour Day, the annual community event hosted by Under Armour (UAA) - Get Under Armour Inc. Class A Report to support their hometown of Baltimore.
Cramer called Harbaugh an inspirational leader that always promotes a "team-first" approach. Harbaugh said that you can always accomplish more when no one is looking to take individual credit for the work that's being done. Harbaugh also applauded Under Armour for their support of Baltimore and the surrounding community. At the end of the day, giving back is what business should be all about, he said.
Harbaugh and the Ravens are also active in supporting disaster relief and military families around the nation.
Cramer was bearish on Aurora Cannabis (ACB) - Get Aurora Cannabis Inc. Report , Seaspan (SSW) - Get Seaspan Corporation Report , Walgreens Boots Alliance (WBA) - Get Walgreens Boots Alliance Inc. Report and Sirius XM Radio (SIRI) - Get Sirius XM Holdings Inc. Report .
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At the time of publication, Cramer's Action Alerts PLUS had a position in CSCO, NVDA, FIVE, AAPL.