Some days, the market is focused on macro issues, like trade or the price of oil. But other days, when there's no macro news to sift through, sometimes all it takes is for the market to rally is good news from a few stocks with great pin action.
That was the case today, with Micron leading the semiconductors higher. Many investors still see Micron as a commodity chipmaker and aren't willing to pay up for the boom and bust cycles of the past. They refuse to believe "this time is different" which is why shares popped 4.6%, sending rivals Western Digital (WDC) up 4.8%, along with practically all of the other chipmakers.
Then there's Macy's, which saw accelerating earnings as the retailer continues what Cramer called an exciting turnaround. The strong news from Macy's not only sent up other retailers, like Walmart (WMT) , but also the apparel makers, like PVH (PVH) , Nike (NKE) , Estee Lauder (EL) and more.
These two stocks have nothing in common, Cramer concluded, other than being written off by the naysayers. But combined, they were enough to excite the bulls on a day when not much else was going on.
Cramer and the AAP team note that this week, Nordstrom (JWN) and Kohl's (KSS) have traded in positive territory, and their outlooks have turned bright again. 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: PayPal
For his "Executive Decision" segment, Cramer sat down with John Rainey, CFO of PayPal (PYPL) , ahead of the company's investor day next week.
Rainey said some of the topics they hope to share with investors next week include his company's separation from eBay (EBAY) , their strong balance sheet and their capital allocation plans. He said splitting with Ebay has always been part of the plan and allows them to do more with other marketplaces. Ebay currently represents only 13% of PayPal's business, but they will still be a very visible part of the eBay platform.
As for their cash flows, Rainey said that PayPal has great cash flows that will allow them to return capital to shareholders and acquire companies for additional growth.
Rainey also sees tremendous opportunities in serving the two billion people around the globe that use traditional banks. Nearly 70% of these people have mobile devices, he said, and they would love to have accounts, loans and mortgages.
Finally, when asked about cryptocurrencies, Rainey said the problem with crypto is the volatility. For merchants with only a 10% gross margin, a 15% swing in the value of a currency can be make or break.
Buying Opportunity for Defense Stocks
If you liked the defense stocks before they reported earnings this quarter, you should like them even more now, Cramer told viewers, even though the group seems to have lost its momentum.
Stocks like Lockheed Martin (LMT) , Northrop Grumman (NOC) and Raytheon (RTN) , an Action Alerts PLUS holding, were all flying high earlier this year, but lately, the stocks have been punished and some are now down for the year.
Lockheed posted a top and bottom line beat with raised guidance when it last reported, Cramer noted, but after cautions comments on its conference call, shares tanked 6% by the close that day. The following day, Northrop reported and similarly fell 2.6% on solid results. Finally, Raytheon posted a modest earnings beat and shares went into a tailspin.
Cramer reminded viewers that the defense stocks shouldn't trade off of the latest headlines about peace talks with North Korea, they should be trading off of military spending by governments around the globe. With tensions in the Middle East and elsewhere, the world will be buying a lot more of what these three companies are selling.
Executive Decision: Tableau Software
In his second "Executive Decision" segment, Cramer sat down with Adam Selipsky, president and CEO of the data analytics company, Tableau Software Inc. (DATA) . Shares of Tableau are up 34% in 2018.
Selipsky said that Tableau's mission is simply to help people see and understand data. That's why he's so excited for their latest offering, Tableau Prep, which provides an easier way to prepare data for analysis.
Tableau found that users spent nearly 80% of their time preparing data and only 20% actually analyzing it. Prep helps flip that equation by using smart algorithms to perform tasks like combining columns automatically.
Selipsky noted Tableau's partnership with Charles Schwab (SCHW) , in which 50% of the company's employees are now using Tableau software on a daily basis for not only financial planning, but also back office functions and customer acquisition.
Tableau is a big player in the cloud, Selipsky said, but they realize the transition will take many years to complete, which is why they offer a range of deployment options including on-premise and fully managed solutions.
In his "No-Huddle Offense" segment, Cramer said while the headlines are littered with stories aiming to scare you out of the stock market, most of them are nothing to be worried about.
There are stories about how trade tensions will cause China to sell U.S. Treasuries. But according to the latest report, China hasn't sold anything. Other stories claim that the yield on the 30-year is too close to the 10-year. But Cramer said nobody in their right mind would buy a 30-year bond with rates being so low.
Still other articles proclaim interest rates are too high, while others argue they're too low. Whether it's a strong dollar, or rising oil prices, there seems to be reasons to worry on every page.
But Cramer said what matters most is that employment is strong, and the U.S. has some of the lowest energy costs in the world. That means more investment and more jobs, which will lead to more spending.
Over on Real Money, Cramer says it's easy to scare people, but hard to set them at ease. Get more of his insights with a free trial subscription to Real Money.
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