International markets will carry the bulls forward, Jim Cramer told his Mad Money viewers Monday, during what will be the busiest week for earnings we've seen. No less than 200 of the S&P 500 will be reporting this week, so hold on to your hats.
Tomorrow, Cramer will be watching a litany of names, including General Motors (GM) for a read on autos, and three industrials -- Caterpillar (CAT) , 3M (MMM) and United Technologies (UTX) -- all of which Cramer expects will be better than expected. Then there's McDonalds (MCD) and Chipotle Mexican Grill (CMG) , the best and the worst in the restaurant group. Cramer said McDonalds is likely a buy, but Chipotle may go back in the penalty box for another 18 months if the recently reported health issues are to be contended with.
Finally on Tuesday, there's Advanced Micro Devices (AMD) , the red hot semiconductor that Cramer said to wait before buying, as better prices are likely.
Next, on Wednesday, some of the notable names include Boeing (BA) , Coca-Cola (KO) , Facebook (FB) , an Action Alerts PLUS holding, LAM Research (LRCX) and Paypal (PYPL) . Cramer said that Boeing is hard to understand, so don't jump the gun. But he was bullish on Facebook and LAM, as well as PayPal.
Need still more earnings? Thursday has Southwest Airlines (LUV) and Dow Chemical (DOW) , two more Action Alerts PLUS holdings that Cramer continues to like, along with the battleground of Starbucks (SBUX) , Amazon.com (AMZN) and Intel (INTC) .
On Real Money, Cramer says watch out: He doesn't know what will stem this decline in Home Depot (HD) . Get his insights with a free trial subscription to Real Money.
Executive Decision: Hasbro
For his "Executive Decision" segment, Cramer spoke with Brian Goldner, chairman and CEO of Hasbro (HAS) , a stock that declined 9.4% on what was otherwise a strong quarter for the company.
Goldner explained that the second-quarter results are always smaller, with their fourth quarter being their most meaningful. That said, Hasbro still expects a strong year as they look forward to new Star Wars and My Little Pony movies in the second half of 2017.
Outside of movie-related merchandise, Hasbro continues to see strength in eSports and video games, with both Dungeons and Dragons and Magic: The Gathering gaining in momentum with millions of views online.
Hasbro is also opportunistically buying back $150 million of its own stock and has seen 14% compound annual dividend growth in recent years. Goldner was also bullish on his company's international growth, with strength in China and Russia offsetting any Brexit-related weakness in the U.K.
Cramer told viewers to pick up shares now ahead of the company's August analyst meeting, as today's price represents a rare buying opportunity for Hasbro.
What's in a Name?
Typically, companies in the same sector tend to trade together. But in the home furnishings world, nothing could be further from the truth. Shares of RH (RH) , formerly known as Restoration Hardware, have rocketed 145% in 2017, while rival Ethan Allen (ETH) have fallen 15%.
Cramer said that RH has always been a more wild trade, and shares plunged 60% in 2016 before their meteoric rise this year. But even this year, the company pre-announced better-than-expected results in February, only to cut forecasts in June. The company has also been aggressively shrinking its share count, from 53 million shares to just 33 million.
Ethan Allen, by comparison, started the year strong, with a 5.4% increase in same-store sales, only to follow up with a 5.4% decline in the second quarter and an 8.2% decline in the third.
Do either of these turnaround stories have staying power? Cramer said he's staying on the sidelines for now, as both names are simply too volatile to gauge.
Cramer and the AAP are trimming their stake in a big name in the financial sector. Get in on the conversation and find out what they're telling their investment club members with a free trial subscription to Action Alerts PLUS.
Executive Decision: Nucor
In his second "Executive Decision" segment, Cramer sat down with John Ferriola, chairman, president and CEO of steelmaker Nucor (NUE) , a company that continues to fight in Washington against illegal dumping of foreign steel.
Ferriola made it clear that many of our trading "partners" are not in it for profit. They are simply government subsidized employment centers. We're not going to have a trade war, Ferriola continued, we're already in one… and we're losing. We cannot have a strong national defense without a strong steel industry, he said.
Ferriola said accomplishments like the newly-commissioned Gerald R. Ford aircraft carrier, which used 75,000 tons of steel, would not be possible without America's ability to produce steel.
When asked about what government support could do for the industry, Ferriola said to just wait and see. Nucor continues to invest heavily into its business and thanks to a strong balance sheet, there are many possibilities.
Cramer said he continues to be proud of Nucor and all of their efforts to keep America's steel industry vibrant.
In his "No-Huddle Offense" segment, Cramer pondered whether there's any chance of a sustainable oil rally any time soon. According to Schlumberger (SLB) , there might be reason for hope.
Schlumberger noted that both Russia and Saudi Arabia have shown restraint in production recently, while many around the globe have under-invested over the past three years, which will lead to a ramp-up period where supply could be constrained and prices could rise.
Cramer noted that the recent acquisition by Carrizo Oil & Gas (CRZO) a few months ago proved that there's no appetite for oil mergers any the moment, and that should only add to the possibility that oil prices may creep toward $50 a barrel.
Meet Jim Cramer at an exclusive reception at his Bar San Miguel in Brooklyn, N.Y., on Tuesday, July 25, from 6:30 to 9 p.m. Eastern.
The evening will start with a screening of Jim's CNBC show Mad Money. Afterward, Jim will join the party fresh off of the CNBC set to mingle, take photos and answer your investing questions.
Tickets include dinner, drinks and an autographed copy of Jim's book Get Rich Carefully.
Click here for more information or to buy tickets.
Where: Bar San Miguel, 307 Smith St., Brooklyn, N.Y.
When: Tuesday, July 25, 6:30 to 9 p.m. Eastern.
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