There's always a bull market somewhere, Jim Cramer reminded his Mad Money viewers Tuesday, but it sure is getting tough to find it, he admitted. Today's market was downright unruly, with real damage again coming to the tech sector.
Social media was once again in the spotlight, as shares of Facebook (FB) plunged another 4.9% after CEO Mark Zuckerberg declined to testify before U.K. lawmakers, further angering users and shareholders alike. Cramer said there is a crisis playbook for times like these, but Facebook isn't following any of it.
Google was especially hard-hit as the fallout from another crisis -- the pedestrian fatal collision that involved an Uber self-driving vehicle.
Tuesday, Nvidia (NVDA) announced it is suspending its self-driving tests, news that sent shares off 7.7%. Tesla (TSLA) also fell 8.2% on the self-driving news and on rumors that Model 3 sales are weaker than expected.
Cramer and the AAP team take a close look at the action Tuesday in Nvidia. 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.
Executive Decision: Kohl's
For his "Executive Decision" segment, Cramer sat down with Kevin Mansell, chairman, president and CEO of Kohl's (KSS) , at one of the company's new, smaller-format locations. Shares of Kohl's are up 10% since Cramer last checked in back in January, and after the company reported strong earnings earlier this month.
Mansell said one of the priorities for Kohl's over the past few years has been driving traffic, and the results of that are the 6.3% increase in same-store sales reported this quarter. Kohl's had a great holiday quarter thanks to the addition of new brand names, but also an out-performance in their private label brands, which account for 40% of sales.
Mansell was upbeat on his company's pilot program with Amazon (AMZN) , that allows Amazon customers to return items to select Kohl's locations. He said it's still early in the program, which began in January, but so far customers are responding well and it brings more people into Kohl's stores.
When asked about other factors contributing to their success, Mansell noted that Kohl's is not in the mall, and their stand-alone locations afford them a lot of flexibility. The company's new, smaller-format stores are proof of that flexibility and their willingness to try new things.
Cramer said he remains a fan of Kohl's.
Read more about how Kohl's has managed to come into the good graces of Wall Street.
Is the Mall Coming Back?
Is the mall making a comeback? If you believe the headlines, you'd think that every retailer is closing stores or going bankrupt, but that's simply not the case Cramer explained. In fact, some stores are doing quite well.
That's how Finish Line (FINL) was able to catch a bid for $558 million and why Zumiez (ZUMZ) is hitting new highs. It's also how DSW (DSW) was able to boost its dividend. Even Express (EXPR) , which has seen its shares fall 30% this year, still has a stellar-looking balance sheet.
Sure, there are many retailers on life support and still others limping along, like Sears Holdings (SHLD) , but after today's earnings surprise from Lululemon Athletica (LULU) , up 6%, it's hard to say that everything in the mall is wasting away. There's too much good happening to write them all off, Cramer concluded.
Over on Real Money, Cramer revisits what's happening in select malls and the impact on retailers. Get more of his insights with a free trial subscription to Real Money.
In his "Selloff Strategy Session," Cramer answered questions directly from viewers.
When asked about UPS (UPS) , Cramer said he likes the stock and its 3% yield over the long term, but in the short term, the company has underinvested and needs to catch up. He suggested XPO Logistics (XPO) as an alternative.
Another caller asked whether the financial sector, which represented 15% of his portfolio, was at risk given that short-term interest rates have not sent these stocks higher as expected. Cramer said this was short-term thinking and with the Federal Reserve committed to raising rates over the next few years, banking is the perfect sector to be in.
Finally, when asked about investing in the oil stocks for the long term, Cramer has a different opinion. Oil will be challenged, he said, as other forms of energy are quickly supplanting it. He would avoid this group, especially for the long term.
Cramer was bearish on Qualcomm (QCOM) .
Executive Decision: Zoetis
In his second "Executive Decision" segment, Cramer sat down with Juan Ramon Alaix, CEO of Zoetis (ZTS) , a stock that's up 13% so far in 2018.
Alaix started off by saying that in its five-year history, Zoetis -- the world's largest producer of medicine and vaccinations for pets and livestock -- has grown faster than the industry and in 2017, his company almost doubled their operating cash flow.
Innovation is what's driving the growth at Zoetis, Alaix explained. His company is continually rolling out new products for both companion animals and livestock, some for conditions that have no alternatives, and others replacing older, less-effective alternatives.
Alaix added that Zoetis' direct-to-consumer advertising has been working to both educate pet owners about various conditions that their pets may be suffering from and also alert them that treatments are now available.
When asked about their treatments for pain in cats, Alaix said that currently there are no products for pain in cats and it represents a "significant opportunity" for Zoetis, headquartered in New Jersey.
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