Don't blame the earnings for Friday's market selloff, Jim Cramer told his Mad Money viewers Friday. Sometimes even great earnings aren't enough to lift the entire market, but they sure can make a big difference to individual stocks. That looks to be the case going into next week's trading as well, as Cramer laid out his game plan.
The week kicks off on Monday with earnings from Agilent (A - Get Report) and Intuit (INTU - Get Report) , two stocks Cramer was bullish on, along with Urban Outfitters (URBN - Get Report) and Palo Alto Networks (PANW - Get Report) , two stocks he advised watching and listening to.
Tuesday's bears included Medtronic (MDT - Get Report) , Burlington Stores (BURL - Get Report) , Lowes (LOW - Get Report) , HP Enterprise (HPE - Get Report) and the retailer that Cramer is most worried about, GameStop (GME - Get Report) .
Trading ends on Wednesday with earnings from Deere (DE - Get Report) , but Cramer said he prefers AGCO (AGCO - Get Report) . We'll also get the latest durable goods orders before the holiday and Cramer was looking for a hot number heading toward what's expected to be a December interest-rate hike from the Federal Reserve.
Over on Real Money, Cramer says Amazon (AMZN - Get Report) can't really take over the world. But its competitors need to pay attention. Get more on his insights with a free trial subscription to Real Money.
Executive Decision: Applied Materials
For his "Executive Decision" segment, Cramer spoke with Gary Dickerson, president and CEO of Applied Materials (AMAT - Get Report) , the semiconductor maker with shares that are up 75% year-to-date after posting a record quarter.
Dickerson said there's never been a better time to be an investor in Applied Materials in the company's 50-year history. He said trends like big data and artificial intelligence are changing the competitive landscape and his company is emerging as a big winner.
There are many tech trends pulling in Applied Materials' favor, including the Internet of things, which requires super fast processors to make sense of the mountains of sensor data being received. There's also a big trend in OLED screens, which are becoming mainstream in many mobile smart devices as well as in next-generation large screen TVs. Applied Materials' display business saw 55% growth last year, Dickerson said.
Beyond all of these multi-year drivers, Dickerson said that the overall push towards artificial intelligence puts his company in the driver's seat, as does the continued strength of big data and the data center.
Cramer and the AAP team have the latest updates on several important names, including Comcast (CMCSA - Get Report) and Qualcomm (QCOM - Get Report) . Find out what they're telling their investment club and get in on the conversation with a free trial subscription to Action Alerts PLUS.
Know Your IPO
In his "Know Your IPO" segment, Cramer urged investors to not invest in a stock if they don't know what a company does, especially if that company is Chinese.
There's been an influx of Chinese IPOs on the U.S. markets, Cramer explained, and of the 11 deals this year, only four have been winners if you invested in the open market. Some, like China Rapid Finance (XRF - Get Report) have seen positive results, but many of the most recent deals, like Qudian (QD - Get Report) ,have been disasters, losing 40% of its value in a little over a month.
Making matters worse, when a hot Chinese IPO does well in the U.S., that opens the flood gates for similar IPOs, none of which end up being as good as the original.
That's why Cramer stressed that investors should never invest in a company, IPO or otherwise, if they don't know the company well. This is particularly important with Chinese companies, where access to information is more difficult to obtain than for U.S.-based companies.
Executive Decision: Owens Corning
Thaman said that the past three years have seen a real change in Owens Corning, and the company is now seeing 10% revenue growth. Homeowners are seeing the equity in their homes rise and that means more roofing projects, especially given the hurricanes in Texas and Florida. Owens Corning's core business is back, Thaman said.
Owens Corning is also a leader in insulation, and thanks to smart acquisitions, now has offerings for low-, medium- and high-temperature applications in the U.S., Europe and China, which are the three biggest global markets.
Here in the U.S., Thaman was quick to note that their insulation is produced with 100% renewable energy, most of which is wind energy.
The Lightning Round
In his "No-Huddle Offense" segment, Cramer pondered how a single company, Amazon, could matter so much to so many industries. Why is Amazon so powerful?
Is it because the company seemingly has unlimited cash? Or an incredible CEO in Jeff Bezos? Or is it simply because consumers love Amazon as it's the best way to get just about anything? Cramer said the answer is all of these things.
The reason the drugstore stocks like CVS Health (CVS - Get Report) and Walgreen Boots Alliance (WBA - Get Report) have seen their stocks plunge in recent months is because investors know that if Amazon started offering same-day delivery for prescriptions, consumers would snap it up in a heartbeat.
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