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Tug-of-War: Cramer's 'Mad Money' Recap (Friday 11/20/20)

The market needs clarity on the vaccine and the election.
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The stock market is a tug-of-war between the virus and the vaccine, and also between Biden versus Trump, Jim Cramer told his Mad Money viewers Friday. Hopefully, during next week's holiday-shortened week, we will get some clarity on both.

Cramer's game plan for next week starts on Monday, when he hopes to get some clarity on both Trump's waning efforts to overturn the election results and on the distribution plans for the coming vaccines. As we saw with Workday  (WDAY) - Get Workday, Inc. Class A Report Friday, even a great company can plunge 9.2% on uncertainty.

Tuesday is a huge earnings day. We'll hear from Best Buy  (BBY) - Get Best Buy Co., Inc. Report, American Eagle Outfitters  (AEO) - Get American Eagle Outfitters, Inc. Report and Gap Stores  (GPS) - Get Gap, Inc. Report, all Cramer favs. We'll also hear from Dollar Tree  (DLTR) - Get Dollar Tree, Inc. Report, Dicks Sporting Goods  (DKS) - Get Dick's Sporting Goods, Inc. Report and Burlington Stores  (BURL) - Get Burlington Stores, Inc. Report, three names Cramer was not a fan of. He recommended Dollar General  (DG) - Get Dollar General Corporation Report as an alternative.

Outside of retail, Medtronic  (MDT) - Get Medtronic Plc Report will be reporting, but Cramer expected sales to be light. Among the food stocks, Cramer liked Hormel Foods  (HRL) - Get Hormel Foods Corporation Report over J.M. Smucker  (SJM) - Get J.M. Smucker Company Report. In tech, he recommended VMWare undefined , Analog Devices  (ADI) - Get Analog Devices, Inc. Report and Dell  (DELL) - Get Dell Technologies Inc Class C Report.

On Wednesday, Deere & Co.  (DE) - Get Deere & Company Report will be reporting and Cramer was a fan of owning agriculture.

Finally, Cramer said the Thanksgiving typically begins the seasonally strong holiday period and investors should consider buying his list of "up stocks" from yesterday beginning on Tuesday. 

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Executive Decision

In his first "Executive Decision" segment, Cramer checked in with Anders Gustafsson, CEO of Zebra Technologies  (ZBRA) - Get Zebra Technologies Corporation Class A Report, one of the companies helping to prepare millions of doses vaccines for distribution around the globe.

Gustafsson explained that Zebra is no longer just a barcode company. Their technology is already playing a vital part in the fight against COVID-19, including helping to track test samples around the globe.

Zebra is gearing up for the coming global vaccine distribution with innovative products like labels that change color based on temperature exposure. He said this is crucial for COVID vaccines, which must be kept at very low temperatures in order to work. Using Zebra's labels, the entire logistics chain can tell at a glance whether vials, boxes and pallets are properly cared for as they move around the world.

Beyond labeling, Zebra is also actively promoting technologies to help with contact tracing and even social distancing. Zebra sensors can provide employees with realtime feedback when they get closer than six feet from others.

Executive Decision II

For his second "Executive Decision" segment, Cramer spoke with Laura Alber, president and CEO of Williams-Sonoma  (WSM) - Get Williams-Sonoma, Inc. Report, the home goods retailer. The company just posted a monster dollar-a-share earnings beat, yet the stock still trade for less that 15 times earnings.

Alber said that all of the investments and initiatives they've put into place are finally coming into fruition. When she began at the company, 40% of sales came from their catalog. Today, 70% of sales stem from digital. They continue to invest heavily into e-commerce and digital applications to make buying for your home easier than ever.

Your home is your biggest asset, Alber said, and people are investing in their homes to make them more comfortable. Thanks to covid, our homes are for school, work and entertainment and Williams-Sonoma can help in every area.

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Alber noted that Williams-Sonoma also has a thriving commercial business as well, helping to outfit restaurants, cafes and retailers with high-quality and stylish furnishings. 

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Executive Decision III

For his final "Executive Decision" segment, Cramer checked in Mick Farrell, CEO of ResMed  (RMD) - Get ResMed Inc. Report, the medical device maker that's up 17% over just the past month and 36% for the year.

ResMed made a huge pivot earlier in the year to aid in the fight against COVID-19. The company increased its ventilator production by 350%, Farrell said, making and distributing over 150,000 units around the globe. While production continues, ResMed is now slowly returning to its core markets combating sleep apnea, COPD and asthma.

Farrell said the pandemic has helped raise awareness for the importance of respiratory health. It has also shown the world the importance of digital solutions that can provide care outside of traditional hospital settings.

ResMed has helped over 100 million patients so far and the company aims for 250 million by 2025. 

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said if you invest while ignoring politics, you risk getting blindsided, which is why he offered up some insights for what might happen if Trump is successful in overturning the election results.

First, he said the automakers have been on fire, especially those focused on renewable energy. But if Trump remains president, those stocks will take a hit. Second is China. The market is betting on a thawing in U.S.-China relations. If that doesn't happen, look for Apple  (AAPL) - Get Apple Inc. Report and others to decline.

The oil stocks have done terribly under Trump, Cramer continued, because more drilling leads to lower crude prices. That would continue under four more years of Trump. Finally, Cramer said the restaurants would actually be more enticing under Trump, as he's unlikely to force them to limit their operations no matter how bad the pandemic gets. 

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Lightning Round

In an upbeat segment, here's what Cramer had to say about some of the stocks that callers offered up during the Mad Money Lightning Round Friday evening: Cramer was bullish on Norwegian Cruise Line  (NCLH) - Get Norwegian Cruise Line Holdings Ltd. Report, Bristol-Myers Squibb  (BMY) - Get Bristol-Myers Squibb Company Report, Ncino  (NCNO) - Get nCino Inc Report, Raytheon Technologies  (RTX) - Get Raytheon Technologies Corporation Report and Boeing  (BA) - Get Boeing Company Report.

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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, BMY and BA.