This week was a tumultuous one on Wall Street, Jim Cramer told his Mad Money viewers Friday. But even though political risk is ratcheting up, companies that have great earnings are still thriving.
That's why Cramer's game plan for next week started with Enterprise Product Partners (EPD) on Monday. This pipeline operator should tell us what deregulation will mean for their business. Also on Monday, Packaging Corp of America (PKG) reports, and Cramer said this company is a terrific barometer for the economy.
Tuesday is a big day with Exxon Mobil (XOM) offering up comments on the oil industry and Apple (AAPL) , an Action Alerts PLUS holding, reporting earnings along with Sprint (S) , Under Armour (UA) and Advanced Micro Devices (AMD) . Cramer was bullish on Sprint and AMD and said to use weakness in Apple to buy in. He was unenthused with Under Armour.
On Wednesday, it's another big name and Action Alerts PLUS holding, Facebook (FB) . Cramer told viewers to "think bigger" when it comes to Facebook spending and not get nervous.
The earnings continue on Thursday, with Merck (MRK) , Amazon.com (AMZN) , Chipotle Mexican Grill (CMG) and Micron Technology (MU) . Cramer said that Chipotle has not turned positive yet, but Micron should be fabulous. He was bullish on Amazon's quest for world domination; and he advised viewers to just listen to what Merck has to say.
Finally, on Friday, in addition to the latest non-farm payroll numbers, investors will get earnings reports from AutoNation (AN) and Clorox (CLX) . Cramer said he expects Clorox to be a winner and is anxious to hear what AutoNation has to say about Americans spending on cars.
Digging Into Trump Opportunities
Investors looking for a cheap Trump stock should look no further than United Rentals (URI) , Cramer told viewers, as shares of this company have not only rallied 11% this week, but have more than tripled over the past 11 months.
When the economy is expanding, United Rentals is the company you want, Cramer explained. This company rents earth-moving and construction equipment at prices that are far cheaper than buying the equipment yourself. Plus, since United Rentals has a national footprint, it can easily move equipment to where it's needed most.
Shares of United Rentals were in the doghouse in 2015 as the oil and gas industries imploded, but since then, the stock has made up all of its losses and then some.
The company blew away earnings estimates in April of last year, saw a huge beat in July and October, and saw strong demand again this week when it posted a 43-cents-a-share earnings beat that Cramer initially thought was a typo.
Despite the fact this is the company to benefit from a Trump infrastructure plan, the repatriating of overseas funds and lower taxes, shares of United Rentals still trade for a paltry 14 times earnings.
Executive Decision: Carnival Corp.
For his "Executive Decision" segment, Cramer sat down with Arnold Donald, president and CEO of Carnival Corp. (CCL) , a company which logged 28% earnings-per-share growth in 2016.
Donald said that everyone would like a travel experience that's truly customized just for them, and Carnival's cruises are engineered to deliver just that. He said Carnival travels to the most beautiful places in the world, has the most fabulous chefs and some of the best entertainment you'll find anywhere.
Carnival is also investing in technology, Donald noted. He showcased the company's "Ocean Medallion," a token guests can wear or keep in their pocket and which provides seamless and personalized service no matter where they are on the ship.
Donald said that Carnival builds contingencies into their plans for everything from weather and geopolitical events to rising fuel prices and currency pressures.
Donald closed by saying that Carnival was the first cruise line from the U.S. to sail to Cuba and back and the company also has big plans for China, where it already has six ships in operation.
And Talking of Travel
Is it the right time to buy shares of Marriott Vacations Worldwide (VAC) , a stock that's up 88% from its 2016 lows? Cramer says: Absolutely.
Marriott Vacations sells, finances and manages timeshare properties around the globe and was quite en vogue, topping out at $92 a share in October 2015, before worries over AirBNB began crimping earnings. By February of 2016, shares had plummeted.
But since the November election, Marriott Vacations has rallied 30% and is now just $5 a share from its highs. The company once again has its groove back, Cramer noted, and enjoys a steady revenue stream from its management services.
Trading at just 17 times earnings, Cramer said he'd buy a little now and wait to hear what the company has to say when it reports next month.
In his "No-Huddle Offense" segment, Cramer clarified that he is neither pro-Trump nor anti-Trump. Cramer said his agenda is still the same: advocating for higher stock prices.
What does Cramer think of Trump's tripod of lower taxes, deregulation and repatriation of overseas capital? He likes it, as it will lead to higher stock prices.
That's why the controversy over the border wall is so important, Cramer says. It distracts from the tripod and could cause some Republicans to defect from the cause.
We are in a shaky situation, Cramer concluded, and it should concern all investors if it's not resolved in a civil and lasting fashion.
Cramer is updating his investment club members about five core stocks: Cisco (CSCO) , Apple (AAPL) , General Electric (GE) , Magellan Midstream (MMP) and Dow Chemical (DOW) . Don't you want to know what they're saying? Get a free subscription to Action Alerts PLUS.
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