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The markets may still be celebrating a Trump victory, Jim Cramer told his Mad Money viewers Friday, but an errant cabinet appointment could send us lower. Until that happens however, Cramer's game plan for next week continues to focus on earnings.
On Monday, Cramer said, he'll be looking out for Tyson Foods (TSN - Get Report) , Jack in the Box (JACK - Get Report) and Palo Alto Networks (PANW - Get Report) . Tyson is good, but out of favor, Cramer said while remaining bullish on Jack and Palo Alto.
Tuesday is a huge day, with Burlington Stores (BURL - Get Report) , Dollar Tree (DLTR - Get Report) , Urban Outfitters (URBN - Get Report) and Signet Jewelers (SIG - Get Report) all reporting. Cramer was not impressed with any of the four.
Cramer was not bullish on Campbell Soup (CPB - Get Report) , which also reports Tuesday, but did have good things to say about Tech Data (TECD - Get Report) , Analog Devices (ADI - Get Report) and Hewlett Packard Enterprise (HPE - Get Report) , an Action Alerts PLUS holding.
Thursday is Thanksgiving, followed by the Black Friday retail season kickoff.
The stock and bond markets are closed on Thanksgiving and close early on Friday.
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 firstname.lastname@example.org
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.
From Worst to First: United Continental
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 (UAL - Get Report) 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 - Get Report) , which he said was tied for his favorite airline.
Trump and Apple
What does a Trump administration mean for Apple (AAPL - Get Report) , 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.
The Season of Shopping
Retail earnings have been all over the map this quarter, but Cramer did the homework to reorder the group into what's working and what cannot be saved.
One theme that's become apparent is that consumers are betting that a Trump tax cut will lead to more money in their pockets. That's good news for the so-called "trade-up" stocks like Nordstrom (JWN - Get Report) and Kohl's (KSS - Get Report) .
In the battle for your dollars, there have been obvious winners, Cramer said, as Home Depot (HD - Get Report) trounced Lowe's (LOW - Get Report) , and Target (TGT - Get Report) beat Walmart (WMT - Get Report) . Meanwhile, both Ross Stores (ROST - Get Report) and TJX Stores (TJX - Get Report) saw tremendous growth.
Many of the losers can be found at the mall, with Gap Stores (GPS - Get Report) and Abercrombie & Fitch (ANF - Get Report) continuing to disappoint. The only winner at the mall was Childrens' Place (PLCE - Get Report) , but Cramer said he's not counting out a turnaround at L Brands (LB - Get Report) .
In his "No-Huddle Offense" segment, Cramer said there was no blaming the macro picture during the conference call of Salesforce.com (CRM - Get Report) , nor Nvidia (NDVA or Netflix (NFLX - Get Report) , or even Children's Place.
But for everyone else, the macro economic environment has indeed become a serious issue. The complaints are real, Cramer said, and no longer a bogus alibi companies use to mask other problems.
That's why so many investors are celebrating a Republican president paired with a Republican-controlled Congress. They hope the gridlock will be over.
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