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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.
Marathon Petroleum (MPC - Get Report) and Hess (HES - Get Report) : In late November, Cramer interviewed Gary Heminger, the CEO of Marathon Petroleum. The stock has continued its rally since then and is now up more than 13% over the past month.
But after activist investor Elliott Management sent a letter to Marathon's management suggesting a "full strategic review," investors got even more excited. They shouldn't be, said Cramer, reminding viewers that Elliott was the force behind Hess' divestitures and stock buyback, and things didn't end up so well.
While activists are smart investors with good ideas, not all of their ideas are reliable, Cramer advised.
Salesforce (CRM - Get Report) , Adobe (ADBE - Get Report) , Facebook (FB - Get Report) and Electronic Arts (EA - Get Report) : Cramer busted out his "personal shopping list" of down and out but still high-quality tech stocks.
Salesforce reported great earnings a few weeks ago, but no one seems to care. Regardless of who's in office, Salesforce will keep growing like crazy. With the stock $13 per share off its highs, it's shaping up to be a buy.
Adobe's cloud-based software as a service subscription model continues to impress and Cramer expects good earnings next week. Investors looking to buy should buy some now, and then some more if it declines on the results.
Facebook, an Action Alerts PLUS holding, is a long-term growth company. Given its sizable earnings, the stock is actually cheap on a valuation basis, Cramer reasoned. Investors have backed away from Facebook after its recent conservative guidance, but it's not like it was bad guidance, he explained. There's still plenty of growth left on the table for Facebook, plus its $6 billion share buyback.
Finally there's video games, which are in a long-term secular growth trend. While Cramer likes Take-Two Interactive Software (TTWO - Get Report) , the stock is still up too much, so he prefers Electronic Arts.
Different companies have different timelines and goals, Jorden said. But at Cimarex, the company has a long-term outlook and is constantly looking to create long-term value. That's why investors willing to stick around for a while are best fit for Cimarex, because over time they will realize that value.
The company is "golden" with $45 oil prices and $2.50 natural gas prices, he added. Just a few years ago, these prices would have seemed fatal. Thanks to innovation, technology and increased productivity though, Cimarex is able to do much better than management or investors would have thought.
It would nice to see regulators working more closely with energy companies, Jorden said. That doesn't mean deregulating necessarily, but working more closely with the companies to make sure transparency and clarity are properly communicated.
Jorden is optimistic on the industry; in particular with Cimarex, he believes the company has the right productivity and innovation to further drive gains.
Cramer said this company has a good balance sheet and impressive technology so he's optimistic on the company's future.
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