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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for next week's trading.
Apple (AAPL) : What does a Trump administration mean for Apple, the Action Alerts PLUS holding that Cramer has repeatedly urged investors to just own for the long haul? Turns out, there are both positives and negatives.
On the negative side, Trump wants to get tough on China, where not only are Apple's product made, but also where it sells 20% of them. Clearly, a 45% tariff on Chinese goods or an all-out trade war would be bad news for Apple.
Trump has also been critical of skilled-worker visas, something that Silicon Valley depends heavily on. Finally, there's that matter of Trump suggesting a boycott of Apple products until they gave the FBI a backdoor security access into their phones.
But there are also positives to a Trump win: mainly a lower corporate tax rate and a possible overseas tax holiday that would let Apple repatriate most of its $237 billion cash hoard.
Adding them all up, Cramer said he sees the positives being a lot more likely than the negatives, which is why he continues to be bullish on Apple.
A Special Invitation ...
It's not how you voted, it's how you invest. So how can investors win in the wake of this historical election? If you're planning to be in New York on Tuesday, Dec. 6, you are invited to join senior editors from TheStreet and our special guest experts for a cocktail party and lively conversation about the outlook for the U.S. financial markets. Which companies and sectors are poised to profit? What shocks and opportunities await investors in the new year? Listen to and meet our panelists: Lew Altfest, CEO of Altfest Personal Wealth Management; Barry Ritholtz, founder of Ritholtz Wealth Management; and Larry Siegel, director of research at the CFA Institute Research Foundation, with moderator Robert Powell. This evening event is free and will be held in midtown Manhattan. Reservations are required. For more information or to RSVP, please email email@example.com
In this week's roundup for Action Alerts PLUS, Cramer and Jack Mohr say that the tech breakout notwithstanding, financials were strong again. Read what they're telling their members about next week with a free trial membership to their investment club.
United Continental (UAL) : Don't assume that winners will always stay winners, Cramer told viewers, and don't assume that loser will stay losers either. Sometimes, under the right CEO, a company really can go from worst to first, and that's exactly what United Continental has done under CEO Oscar Munoz.
For years, United was the laggard among the airlines, but this year the stock is the best performer, up 19% for the year. Cramer said the credit for the change goes all to Munoz.
After dealing with a heart transplant, then a proxy fight, Munoz has managed to execute a turnaround of epic proportions, with not only earnings improving, but also delayed and canceled flights and even lost luggage problems getting markedly better.
United is also being responsible, keeping its balance sheet strong, adding less new capacity to maintain margins and not engaging in price wars that have been afflicting the industry.
Despite all of these strides, shares of United trade at just 8.5 times earnings. Cramer said he'd use any weakness in the stock to pull the trigger on United, and also Southwest Airlines (LUV) , which he said was tied for his favorite airline.
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