Sometimes things really are as good as they seem, Jim Cramer told his Mad Money viewers Friday, as he analyzed today's jobs report. The number had something for everyone, Cramer explained, and was strong enough to warrant an interest rate hike but not too strong to need multiple rate hikes that would eventually hinder stocks.
Cramer started his game plan for next week's trading on Monday, with the beginning of Bitcoin futures trading on the CBOE. Cramer said he's betting futures will add some stability to the Bitcoin market and put a lid on its skyrocketing growth.
On Tuesday, Cramer will be watching the 3M (MMM) analyst meeting. He said 3M remains a compelling story, even with shares up 33% for the year.
Wednesday brings the last Federal Reserve meeting for Janet Yellen and Cramer said Yellen deserves a lot more credit for her excellent service these past few years.
Thursday is a big earnings day with Costco (COST) , Oracle (ORCL) and Adobe Systems (ADBE) reporting. Cramer was bullish on Costco and Adobe, even though tech tends to turn in and out of favor on a dime. He was far less enthusiastic on Oracle. Danaher (DHR) holds an analyst meeting on Thursday and Cramer said this company remains one of the best run in the sector.
Finally, on Friday, it's the Centene (CNC) analyst meeting and Cramer said he expects to hear great things from this well-run healthcare provider.
Over on Real Money, Cramer says bitcoin's Wild West days may soon be over. Get more on his insights with a free trial subscription to Real Money.
More on the Jobs Report
In his "No-Huddle Offense" segment, Cramer opined a little more on today's spectacular non-farm payroll report. Economic growth without wage inflation is the holy grail of economics and that's exactly what today's report was, Cramer said, and it's truly something to behold.
Manufacturing it booming, thanks to oil and gas, and that makes everything from chemicals to plastics cheaper to produce and energy plentiful for all. Technology is admittedly keeping a lid on wages, but many people left the workforce during the recession, keeping those losses in check, at least for now.
The euphoric state won't last forever, Cramer concluded, but for now, it's amazing.
Cree's New Strength
Sometimes, it's better to be lucky than good. That's part of the reason how LED lightbulb maker Cree (CREE) was able to go from a market laggard to market darling in just three short months.
Cree was all the rage a few years ago after President Obama phased out incandescent light bulbs. But as manufacturing of LED bulbs became a commodity, Cree's shares became mired at the $20 level. That all changed in August of this year. Shares have rocketed more than 50% in just three months.
Back in 2016, Cree announced the sale of Wolfspeed, the company's RF and power chip business for $850 million. That sale was blocked by regulators in February, which eventually led to Cree getting a new CEO. Under new management, Wolfspeed pivoted to making chips for electric vehicles, a move that proved incredibly smart and profitable. Cree now plans to double its capacity at Wolfspeed, with many analysts calling it the hidden gem of the company.
As for the stock, Cramer said Cree's new division more than makes up for any weakness in its other divisions, which makes the stock once again investable.
Cramer and the AAP team, in their monthly members call, talk about their core names for 2018, including Apple (AAPL) , DowDuPont (DWDP) , Facebook (FB) , Schlumberger (SLB) and more. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
A Raging Bull Market in ... Chicken?
It may sound silly, but there's a raging bull market in... protein, Cramer told viewers. The younger, image-conscience millennials hate carbs and can't get enough protein. And the protein of choice is chicken.
That's why both Popeye's Louisiana Kitchen and Buffalo Wild Wings were recently acquired and why Tyson Foods (TSN) , our nation's largest chicken provider, has risen from the mid-$50s to over $83 a share.
Cramer said he's still a big fan of Tyson, which trades at just 14.4 times earnings. He'd also consider WingStop (WING) , but noted that stock has a sky-high valuation. There is one additional chicken restaurant, and that's KFC, owned by Yum Brands (YUM) . Yum trades for 26 times earnings and is a well-run company, he said.
Executive Decision: Tri Pointe Group
For his "Executive Decision" segment, Cramer spoke with Doug Bauer, CEO of Tri Pointe Group Inc. (TPH) , the homebuilder with shares up 52% so far this year.
Bauer said the housing market continues to be strong and Tri Pointe is seeing good demand that's also broad-based in nature, spanning from starter homes all the way to estate homes.
In California, Tri Pointe's largest market, housing remains in short supply and land is at a premium. Bauer said his company is in a unique position to have lots of great properties throughout the state to help meet that demand.
Bauer also sounded off on tax reforms, saying that while he's a believer in reform, he hopes Congress takes a balanced approach to tax cuts that protects the American home.
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