The stock market has been a lot politically focused lately, but from next week earnings will be back at the center, Jim Cramer told his Mad Money viewers Friday. Cramer said President-elect Joe Biden’s planned update Thursday on his economic recovery and stimulus plans will likely move the market, but there will also be plenty of individual stocks in the news.
Cramer’s game plan for next week kicks off the annual JP Morgan Chase (JPM) – Request report healthcare conference on Monday, highlighting many health stocks that are experiencing tremendous growth and don’t need a strong economy to keep growing. He listens to presentations from Bristol-Myers Squibb (BMY) – Request report, Johnson & Johnson (JNJ) – Request report, Modern (MRNA) – Request report, Regeneron (RAIN) – Request report and Emergent BioSolutions (EBS) – Request report.
Then, on Tuesday, we’ll most likely hear good things from Pfizer (PFE) – Request report, CVS Health (CVS) – Request report and AbbVie (ABBV) – Request report. We will also see income from housing builder KB Home (KBH) – Request report. In the tech field, the annual CES show kicks off and Cramer watches the Advanced Micro Devices keynote (AMD) – Request report and Microsoft (MSFT) – Request report on Wednesday.
Speaking of Wednesday, both Walgreens (WBA) – Request report and Danaher (MR) – Request report will wrap up the JP Morgan conference and provide updates on their vaccination efforts.
Thursday will see Taiwan Semiconductor gain (TSMC) , which could relocate the entire semiconductor group. We also hear from Delta Air Lines (FROM) – Request report for an update on the travel industry.
Finally, on Friday, the week ends with JP Morgan and rival Wells Fargo wins (WFC) – Request report.
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Breaking news: Twitter suspends President Donald Trump’s account “because of the risk of further incitement to violence.”
Executive decision: Micron technology
In his first “Executive Decision” segment, Cramer spoke with Sanjay Mehrotra, President and CEO of Micron Technology (MU) – Request report, the semiconductor maker with stocks falling 2.1% Friday after hitting new all-time highs earlier in the week.
Mehrotra said that regardless of the technological trend, from artificial intelligence to 5G to the cloud, Micron’s chips are a mission-critical component. They continue to lead the memory market in both DRAM and NAND flash chips.
Mehrotra noted that memory is still one of the fastest growing segments of the semiconductor market. He also admitted that with such a strong demand for all kinds of memory, there is a shortage of supply. However, his company is ramping up new technologies to meet that demand.
Micron remains committed to its shareholder, Mehrotra said. The company has repurchased $ 4.8 billion worth of its own shares in recent years.
Cramer said he liked Micron at $ 30 a share and has been a fan ever since. He said stocks could eventually reach $ 100.
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Oversupply guarantees Please note
This market may seem unstoppable, Cramer told viewers, but there’s one thing that’s keeping him up at night … oversupply. He said last year there were a ton of red-hot IPOs and companies that went public through reverse mergers with specialty acquisition companies, or SPACs. The problem? All of these deals have lockup periods that are now expiring, bringing millions of new shares to the market.
Cramer said he is a huge fan of online insurance company Lemonade (LMND) , but last month, shares surged to $ 137 before plunging suddenly 14%. Why? Because the lockup period had passed and sellers could finally sell. Cramer advised taking a profit on this share.
Then there is FuboTV (FUBO) – Request report, which rose from $ 10 to $ 62 a share, including a 135% increase in one week. But stocks quickly reversed when new shares were issued.
Finally, Cramer emphasized Snowflake (SNOW) – Request report, the data and analytics software provider with amazing growth, as well as a three-step block that will be completed in late March with a major block. Cramer advised extreme caution.
JP Morgan Healthcare conference
In a special interview, Cramer welcomed Lisa Gill, CEO of JP Morgan Chase, for a preview of the upcoming 39th annual JP Morgan Healthcare Conference.
Gill said vaccines will be at the center of this year’s conference, with presentations from Pfizer, Moderna, distribution giant McKesson (MCK) – Request report, CVS Health and Operation Warp Speed officials.
In addition to vaccines, however, Gill was optimistic about Teladoc (TDOC) – Request report, the virtual healthcare provider that is now a $ 33 billion company. She said consumers don’t go back after trying telemedicine and home is the safest place for health care.
Gill was also optimistic about CVS Health, both for the company’s new CEO and for their transformation into a neighborhood healthcare destination, which will soon begin with the COVID vaccine.
Potential for hydrogen
In his “No Huddle Offense” segment, Cramer reminisced about the early days of cell phones, when they were the size of a rock and weighed the same weight, with a range of just a few square blocks. At the time, Cramer chose not to invest in this fast-growing technology, but there were real believers, he said, believers like Andy Marsh, now the CEO of Plug Power. (PLUG) – Request report.
March sees in clean hydrogen what he saw in mobile phones: potential. Any new technology needs scale to bring prices down. Hydrogen now has the scale, in combination with the growth of wind and sun, to make green hydrogen at the price of natural gas.
It will take years for this story to unfold, Cramer admitted, but Marsh has been with Plug Power since 2008. He is betting that hydrogen, like cell phones, will be the next big green energy revolution.
Lightning round
Here’s what Jim Cramer had to say about some of the stocks that callers offered during Friday night’s “Mad Money Lightning Round”:
GrowGeneration (GROUP) – Request reportTo: “This one has tripled, so it’s time to take some profit.”
Deere & Company (FROM) – Request report: “Take some profit, but I think it will go higher.”
Apartment Investment REIT (AIV) – Request report: “I don’t feel like owning any of these shares.”
Alibaba (BABA) – Request report: “I think you should buy it.”
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At the time of publication, Cramer’s Action Alerts PLUS held JPM, BMY, CVS, ABBV, AMD, MSFT.