Sometimes, nothing a company can do will be good enough for the bears, Jim Cramer told his Mad Money viewers Monday. That was certainly the case with Apple's (AAPL - Get Report) event Monday where the company unveiled new services to drive its growth.
Cramer said services are the future for Apple, but many investors still cling to the old model, seeing Apple as only a device maker. While none of the new services announced today may be earth shattering, collectively they represent huge opportunities for Apple. There are plenty of people willing to pay money for better news, video games, TV and movies, Cramer said, and the company's new credit card, with daily cash back incentives will be appealing to many.
What were the skeptics looking for? Cramer said they're looking for bold moves into new areas. But for that to happen, Apple would need to buy the likes of Viacom (VIAB - Get Report) and CBS (CBS - Get Report) , which would total $40 billion. Or, the company could acquire Cerner (CERN - Get Report) for $23 billion to make inroads into healthcare. Finally, Cramer suggested that Apple could spend $20 billion to acquire Dexcom (DXCM - Get Report) and Tandem Diabetes (TNDM - Get Report) and become an instant powerhouse in medical devices.
Sadly, without big takeovers like these, the bears are unlikely to be impressed with anything this great American technology company has to offer.
Cramer and the AAP team have it all on the Apple services event (lots of positives, few surprises). 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.
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Executive Decision: ThermoFisher Scientific
For his "Executive Decision" segment, Cramer spoke with Marc Casper, president and CEO of ThermoFisher Scientific (TMO - Get Report) , on the heels of the company's $1.7 billion acquisition of Brammer Biosciences. Shares of ThermoFisher were up 1.8% on the news and have gained 20% in 2019.
Casper said ThermoFisher is helping companies develop and manufacture the very latest in gene and immunotherapies, and Brammer Biosciences will add to their capabilities. They help enable many exciting treatments for rare diseases where other options may not exist.
When asked about their history of smart acquisitions, Casper explained they take a very disciplined approach, ensuring they can add value and are the right owners for these businesses.
Finally, when asked about China, Casper said that China represents 10% of their revenues and is a market growing 20% organically. While the U.S. remains the leader in biotech, Casper said China is a leader in the application of those discoveries as they aim to raise the standard of living for Chinese citizens.
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Buying Opportunity: Nike
Investors looking to pick through the rubble from Friday's selloff should look no further than Nike (NKE - Get Report) , which plunged 6.6% on terrific earnings. Nike delivered a three-cents-a-share earnings beat with inline revenues and expanding gross margins. Even in China, the company's footwear and apparel business grew by 20%.
So why did shares plunge? Cramer said the stock had run up going into earnings on no news, making it nearly impossible for the company to impress Wall Street enough to hold onto those gains.
Despite Friday's weakness, Cramer said there's a lot to like with Nike, including the company's investments into digital and personalized products that customers love. Shares trade for just 27 times earnings, far less than rival Under Armour (UAA - Get Report) , which sells for 43 times earnings.
Cramer said he's be a buyer of Nike on any weakness, as the company has a long history of under-promising and over-delivering for investors.
Executive Decision: Pegasystems
In his second "Executive Decision" segment, Cramer also sat down with Alan Trefler, founder and CEO of Pegasystems (PEGA - Get Report) , the 35-year old enterprise software company that's reinvented itself in the cloud. Shares of Pegasystems are up 255% over the past five years, including 33% so far this year.
Trefler explained that Pegasystems is no. 1 in business process management software, helping companies to be more agile and efficient in everything they do. They are also a leader real-time interaction software that allows companies to make decisions and execute workflows the moment event happen.
Pegasystems is also moving into the lucrative customer-relations management, or CRM, market. When asked whether they aim to compete with the king of CRM, Salesforce.com (CRM - Get Report) , Trefler explained that Pegasystems is more complimentary to Salesforce, adding capabilities and making others easier to manage.
Finally, Trefler addressed the notion that in order to be a successful tech company, you need to be in Silicon Valley. He said that Pegasystems, based in Boston, has access to terrific schools, like MIT, and the Northeast provides a more stable environment in which to grow.
Darden Restaurants: More Chicken
In his "No-Huddle Offense" segment, Cramer said investors who pay attention to the macro environment can easily be misled. Sometimes, great results come from a better bowl of pasta.
Case in point: Darden Restaurants (DRI - Get Report) , which saw strong earnings this quarter not because of the trade war or Brexit, but because of a new Chicken Alfredo dish with 50% more chicken. The company is benefiting from growing wages and also falling labor costs, proving that it's innovation that leads the way to profits.
Cramer said when investors focus on individual companies, they can find stories like Darden, stories that transcend the big-picture macro environment.
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