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The stock market made it through September despite the naysayers, Jim Cramer told his Mad Money viewers Friday. That's why next week's game plan includes more of the same, using the fear to buy, not sell, growth companies.
On Monday, Cramer said, he'll be watching the earnings of Carnival Cruises (CCL) as well as Vail Resorts (MTN) to hear how the Zika virus is affecting vacationers. Carnival has a lot of Caribbean exposure, but Vail sits at 8,200 feet above sea level, well above the 6,500 feet Zika carrying mosquitos can survive. Also on Monday, Thor Industries (THO) , a stock Cramer said is a buy.
Wednesday brings earnings from Paychex (PAYX) and Cramer expects them to be good, but not so for BlackBerry (BBRY) , which continues to flounder. He said that Pier 1 Imports (PIR) might be attractive, but only after the company lays out its turnaround plans.
Finally, on Friday, Cramer focuses on spice maker McCormick (MKC) , which he said is a buy on any weakness.
Cramer on HP
Believe it or not, personal computers are making a comeback, Cramer told viewers, and that's great news for the HP (HPQ) , the PC and printer spinoff of the faster-growing Hewlett Packard Enterprise (HPE) .
HP saw its shares decline over 25% in the first three months as an independent company, which made perfect sense, as PC sales peaked in 2011 and have been declining from 365 million units to just 288 million last year.
But since making its lows, shares of HP are now up over 65%, coinciding with a a bottoming in PC sales. Chip maker Intel (INTC) noted improving demand for PCs when it last reported and HP followed suit, posting its first positive sales number in six quarters.
Then there are printers, which like PCs were in decline until the second quarter of 2016. Add to that HP's purchase of Samsung's (SSNLF) printer business and Cramer said there will finally be less competition for printers.
Cramer was also bullish on HP's 3.3% dividend yield, which makes it the perfect stock to own in a low interest rate environment. Trading as just 9.4 times earnings, Cramer said HP is still cheap, even after its 65% rally from the bottom.
What's Wrong With Ulta?
What happens when a high-flying momentum stock misses the mark? Look no further than Cramer fave Ulta Salon (ULTA) . After the company reported strong earnings in August, shares immediately plunged 6%, and are now down over 12% in less than a month's time.
Was there something wrong with Ulta's earnings? The company delivered a 3-cents-a-share earnings beat on a 22% rise in revenue year over year. Same-store sales popped 14.4% and Ulta's gross margins also expanded. To top it off, Ulta's management gave robust guidance.
In fact, Cramer said every single metric Ulta Salon reported was absolutely fabulous. The problem? They weren't fabulous enough for a company that typically beats numbers by an even wider margin.
Analysts assumed Ulta would post epic numbers forever, Cramer said, and even the slightest of disappointments is enough to send some of them for the exits.
But trading at 33 times earnings with a 20% long-term growth rate, Cramer said he's still a huge fan of Ulta, which remains one of the best, if not the best, story in retail at the moment.
More on Lululemon
When asked about his company's latest same-store sales number, which disappointed analysts, Potdevin said the metrics need to change to keep up with the changing face of retail. He said Lulu keeps a very light retail footprint, and has augmented that with a strong digital presence. Guest engagement, not same-store sales, is the more important metric, he added.
Potdevin also commented on Lulu's growing line of mens apparel, noting that like women, men also appreciate the anti-bacterial fabrics as well as the on-site tailor, which can make alterations and provide the perfect fit and instant gratification.
Potdevin concluded that after a few years of playing defense, Lulu is now back on offense. As long as his company produces superior products, he said, they're seeing very little price resistance.
In the Lightning Round, Cramer was bullish on Advanced Micro Devices (AMD) , Bluebird Bio (BLUE) , Enterprise Products Partners (EPD) , SPDR Gold Shares (GLD) , Randgold Resources (GOLD) and Impinj (PI) .
No Huddle Offense
He said Twitter lacks what every tech stock must have, growth, and that makes it hard for any potential acquirer to justify today's soaring stock price.
Any company that does acquire Twitter would crater their own earnings for years while they turn the ship around, Cramer said. That's why shares of Salesforce.com (CRM) , a rumored acquirer, plunged over 5% on just the thought of a Twitter tie-up.
But for all that ails it, Cramer said Twitter does have untapped potential. However, on Mad Money he never recommends stocks on a takeover basis unless the fundamentals are sound. In the case of Twitter, the fundamentals are decidedly not sound under the current management.
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