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NEW YORK (TheStreet) -- Has the rotation out of domestic stocks, including retail, gone too far? Jim Cramer told his Mad Money viewers Friday that we'll find out next week, when a slew of retailers report their earnings.
The parade of earnings continues on Wednesday with Target (TGT), a stock Cramer owns for his charitable trust, Action Alerts PLUS, along with Lowe's (LOW) and Williams-Sonoma (WSM). Cramer's betting on Target performing well, along with Lowe's but felt the West Coast port strike could still hinder Williams-Sonoma.
Finally, on Friday, it's Foot Locker (FL), which Cramer liked, John Deere (DE), which he didn't, and Campbell Soup (CPB), a stock Cramer said needs to acquire something natural and organic if it ever hopes to be worth the investment again.
Netflix is a subscriber story, and according to Cramer, its service remains one of the biggest bargains out there, offering tons of entertainment for just pennies a day.
While shares of Netflix might not make sense on an earnings per share basis, they do make sense based on its total addressable market, which remains huge.
What other stocks offer bargains? Cramer called out Amazon.com (AMZN), with its $99 a year Prime service that would be a bargain at twice the price given all it offers to members. There's also Costco (COST), which also remains cheap, even after an incredible run.
Off the Tape
In his "Off The Tape" segment, Cramer sat down with Jason Robins and Matt Kalish, cofounders of the privately held DraftKings, a fantasy sports platform that just made CNBC's "Disruptor 50" list.
Kalish said that DraftKings was born out of a love for sports and their fans feel the same way. Robins added that many of DraftKings' members stay playing with just a single sport, but begin adopting other sports as well so they can keep on playing.
DraftKings has been getting noticed, with Major League Baseball having a stake in the company and ESPN coming on as a marketing partner.
When asked about coming public with an initial public offering, Robins said that for right now they're focused on engaging sports fans and building a great business. They haven't given a lot of thought about an IPO.
Know Your IPO
In his "Know Your IPO" segment, Cramer followed up on four recent initial public offerings investors need to know about.
Cramer was bullish on Bojangles (BOJA), the quick-serve fried chicken restaurant chain that's up 25% since its IPO, but he suggested waiting until the stock falls into the low $20s before pulling the trigger or buying Popeye's Louisiana Kitchen (PLKI) instead.
Cramer was not a fan of Etsy (ETSY), nor Party City (PRTY), saying Etsy doesn't appear to have a path to profitability and investors can do better than investing in Party City with proven retailers like Target and Costco.
In the Lightning Round, Cramer was bullish on Bristol-Myers Squibb (BMY), Orbital ATK (OA), Lockheed Martin (LMT), Palo Alto Networks (PANW), CyberArk Software (CYBR), Cisco Systems (CSCO), Red Hat (RHT), Dunkin Brands (DNKN), Starbucks (SBUX), Flotek Industries (FTK), American Tower (AMT), BioMarin (BMRN), Receptos (RCPT), Juno Therapeutics (JUNO) and Carmax (KMX).
Off the Tape 2
In a second "Off the Tape" segment, Cramer sat down with Brian Billingsley, North American CEO of Klarna, the online payment processor that rang in at #33 on CNBC's Disruptor 50 list for 2015.
Billingsley said that 85% to 90% of all online shopping carts still get abandoned thanks to cumbersome checkout processes, but Klarna aims to fix that. Using its system, the first time a customer checks out, only a minimal amount of information is needed, but thereafter, purchases are only a click away.
The Klarna system is also dynamic, offer simple payment options for a $10 purchase, but offering installment plans and other financing options for higher-priced goods.
Billingsley noted that Klarna has increased conversions by 70% at some of its customers, part of the reason why Cramer said this company has a great story to tell.
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