The bull market seems unstoppable, Jim Cramer told his Mad Money viewers Friday, but we need to see what next week's earnings have in store. In the absence of other news, the markets pay attention to earnings, Cramer said, as they did today to Adobe's (ADBE) terrific results that sent shares up 3.8%.
Cramer's game plan for next week starts on Monday with an analyst meeting for MDU Resources (MDU) , the infrastructure and pipeline company that almost no one's heard of, but which will have an excellent read on what Trump's deregulation efforts and pro-fossil fuel stance will mean to these sectors.
On Tuesday, it's earnings from General Mills (GIS) , Lennar (LEN) , Nike (NKE) and FedEx (FDX) . Cramer said some traders may want to buy General Mills on weakness as it might be a takeover target. He was also bullish on the possibility that Nike and FedEx could have strong results, but cautioned that Lennar will need blowout numbers to keep heading higher.
Wednesday brings earnings from apparel-maker PVH (PVH) and Cramer said this company may have enough international exposure to break free from the U.S. mall declines. He was also bullish on Canada Goose (GOOS) , which he featured yesterday, and Tiffany (TIF) , which ended the day up 2.7%.
Then on Thursday, it's Accenture (ACN) , GameStop (GME) , Micron Technology (MU) and KB Home (KBH) reporting. Cramer was bullish on Accenture, but said to sit and watch GameStop. Micron will have an uphill battle to top already high expectations, however. Cramer would be a buyer of KB Home on any weakness from Lennar earlier in the week.
Meanwhile, on Real Money, Cramer says he thought jeweler Tiffany (TIF) would have had better legs than outerwear maker Canada Goose (GOOS) . Picture that. Then, check out his analysis with a free trial subscription to Real Money.
In a special interview, Cramer again sat down with, Rusty Braziel, president and CEO of RBN Energy, the place that Cramer said he goes to for insight and analysis on energy and the oil patch.
Braziel said that oil prices have been stuck in the $50 range for the past two and a half years, but when he looks ahead to the next five years, he sees oil prices at ... $50. The reason, he said, is that U.S. oil producers have learned how to make more with oil at $50.
U.S. drillers are now using longer lateral pipes, up to two miles long, and are fracking more types of rock, both of which allow more oil to be extracted from every well. Even in places like the Permian Basin, where drilling has been going on for 50 years, technology is allowing more oil to be found.
When asked about pipelines, Braziel said that Trump's pro-pipeline stance will be good news for the Bakken, which needs more pipelines. He also noted that in the Marcellus and Utica regions, 20 new pipeline projects are underway to help move natural gas to the coasts from which it can be exported.
Cramer does his Homework
In his "Homework" segment, Cramer followed up on a few stocks that stumped him during earlier shows. He said that Advanced Disposal Services (ADSW) , our nation's fourth-largest solid waste disposer, is too pricey at 57 times earnings and he still prefers Waste Management (WM) .
Cramer said that Brookfield Infrastructure Partners (BIP) is attractive with a 4.7% dividend yield, but is also susceptible to currency fluctuations, which makes it too risky.
He was also bearish on Macquarie (MIC) , another infrastructure name with a 6.6% yield. He said this bond market equivalent stock is also not coming into favor with a Federal Reserve raising interest rates.
Finally, when asked about Penumbra (PEN) , Cramer said the easy money has already been made, but he'd bless it for speculation only as long as investors don't chase shares higher.
It's not Just a Game
There's a powerful new growth driver in the market, Cramer told viewers, and it's eSports -- professional video gaming leagues and tournaments that have evolved into big time events with TV deals, sponsorships and substantial prize money.
It may sound odd to the uniformed, Cramer admitted, but these eSports leagues are for real. In an upcoming "Call of Duty" tournament in Dallas, more than 176 teams will compete for $200,000 in prizes.
Take-Two is late to the eSports party, Cramer admitted, but now has a partnership with the NBA that be another major growth driver for a company that's already up 65% over the past 12 months.
Other ways to play eSports include the graphics chip makers of Nvidia (NVDA) and Advanced Micro Devices (AMD) . Cramer said you can't go wrong owning either one of these. He also gave the nod to Logitech (LOGI) , makers of keyboards, mice, joysticks and headsets for all types of hardcore gaming. Shares of Logitech are up 27% for the year.
Cramer and the AAP team are looking at how to deal with the cautious movements of the market. In their weekly roundup, they're reviewing Adobe (ADBE) , Apache (APA) , Snap (SNAP) , Facebook (FB) and more. Find out what they're advising their investment club members with a free trial subscription to Action Alerts PLUS.
In his "No-Huddle Offense" segment, Cramer assured investors that no, it's not time to worry about the onslaught of coming IPOs… yet.
As yesterday's IPO of Canada Goose and today's IPO of Mulesoft (MULE) both proved, there's still demand in the market for new offerings. But that certainly wasn't the case in March 2014, when the market was asked to absorb 275 new issues.
Ultimately, the stock market is a game of supply-and-demand, Cramer reminded viewers. Supply can, and often does, kill the bull, but we're not at those 2014 levels yet, even with all of the chatter about deals in the pipeline.
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