Don't read too much into today's drama in Washington, Jim Cramer told his Mad Money viewers Friday. This is not the end of the Trump rally.
If fact, with health care on the back burner for awhile, today's news is actually a win for the rest of Trump's agenda, including tax reforms, repatriation and infrastructure spending. And that could translate into wins for investors who look forward to the sectors benefiting from that agenda.
Cramer's game plan for next week's trading continued to focus on individual companies, many of which have fantastic things to say.
On Monday, Cramer will be looking to Red Hat (RHT) to learn how the transition to cloud computing is going.
For Tuesday, it's earnings from Carnival (CCL) , along with Darden Restaurants (DRI) , spicemaker McCormick (MKC) , Ollie's Outlet (OLLI) and Dave & Busters (PLAY) . Cramer was bullish on the outlook for all of these companies.
Thursday puts content delivery network Akamai (AKAM) in the spotlight and Cramer said he's willing to speculate on the stock, even after the company disappointed last quarter.
Finally, on Friday, Blackberry (BBRY) will report earnings, and Cramer said the amazing thing about this company is that people continue to be hopeful for a turnaround. "Just say no," he concluded.
Cramer and the AAP team say that despite political tremors, investors demonstrated resilience this week. Find out about their ideas for the week ahead for Southwest (LUV) , Alphabet (GOOGL) , Starbucks (SBUX) and more, as well as what they're advising their investment club members with a free trial subscription to Action Alerts PLUS.
The Trump Trade Isn't Just About Trump
The pundits may say that the Trump rally is all about Trump, but Cramer said there are plenty of bull markets out there that are also helping stocks along. Case in point: the stealth bull market in dentistry, which is riding not one, but three, secular trends that have helped it outperform the markets.
The three stocks in this group are Align Technologies (ALGN) , up 19% for the year, Henry Schein (HSIC) , up 13%, and Dentsply Sirona (XRAY) , which has risen 8%. Cramer said all three companies are in different parts of the dental supply chain but each are benefiting from three secular trends.
First, there's the aging of America, with 75 million boomers that all need increased dental care. Second, there's the expanding middle class worldwide, all of which would like healthier and straighter teeth. And third, yes, it's the selfie generation, which increasingly must look its best for Shapchat, Instagram and countless other social media apps.
These stocks are not cheap, however, with Align trading at 32 times earnings with a 23% growth rate, Henry Schein at 21 times earnings with 10% growth and Dentsply at 19 times earnings with an 8% growth rate. That said, Cramer felt the bullish outlooks for these companies makes their price premiums well deserved.
Where's the Party?
When you manufacture commodities, you're always in the middle of a boom-or-bust cycle, Cramer told viewers. In the case of Micron Technology (MU) , makers of DRAM and flash memory, the big question is, "Are we too late to the party?"
Shares of Micron were up another 7.4% today after the company raised its outlook for the year by 50%. The company said supply remains tight and demand is voracious, but Cramer said he's seen this movie before.
Back in 1993, shares of Micron were at $3.80, but spiked to $47 by September of 1995. A year later, $8. A similar story in 1999, when shares went from $17 to $98 only to end up back at $8 years later.
But this time, the ride may last for a little while longer, Cramer said. Micron is more diversified than ever before, and this time there are fewer competitors to ramp up supply and kill the bull. That's why he thinks there's still more to run for Micron. But for those who prefer a safer way to play semiconductors, he'd look toward the equipment makers like LAM Research (LRCX) .
Read more of Cramer's in-depth analysis of Micron with a free trial subscription to Real Money.
Executive Decision: Apple Hospitality REIT
For his "Executive Decision" segment, Cramer sat down with Justin Knight, president and CEO of Apple Hospitality REIT (APLE) , the real-estate-investment trust which owns 236 hotels in 33 states under the Hilton and Marriott brands. Shares of Apple Hospitality are down 7% for the year but sport a 6.4% dividend yield.
Knight said the world is a different place since the last time he appeared on Mad Money, but the underlying fundamentals at his company remain strong and demand for hotels continues to increase. He cited strong markets in Southern California, Phoenix and throughout the Southeast, but admitted some weakness in energy markets and also markets tied to foreign travel.
When asked about forecasts, Knight said he feels it's better to under-promise and over-deliver rather than the other way around. He added that Apple Hospitality continues to be opportunistic with acquisitions and divestitures as the market presents them.
Finally, when asked about the age of his company's properties, Knight said the average property was built or renovated during the past four years, which is significantly younger than the industry average of 11 years.
Off the Charts: Cramer and Carley Garner look at the euro's charts and say a combination of factors have them thinking that the long, boring period of trading may be about to end.
The Lightning Round
Off the Tape: Boxed
In his "Off the Tape" segment, Cramer sat down with Chieh Huang, founder and CEO of the privately-held Boxed, a company working to create an online version of the warehouse club that lets consumer buy in bulk and have it delivered right to their door.
Huang said that for many years, value equaled price, but in today's world, value equals price plus convenience. For people in suburbs, the warehouse club makes a lot of sense, but for those in urban markets who don't have cars, lugging bulk items around doesn't work.
Huang continued by saying that Boxed is a wholesaler and many of the items they sell are in sizes that you won't find at other merchants.
Boxed is also taking a different approach to their employees, assisting with life-changing events as they occur and even paying the college tuition for some employees' children.
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