Jim Cramer told his “Mad Money” audience on Friday that the stock market has been very concerned about politics lately, but starting next week, earnings will once again become the top priority. Kramer said that his economic recovery and stimulus plan, President-elect Biden’s update may move the market on Thursday, but there will also be many stocks in the news as well.
Cramer’s game plan for next week begins with the annual JP Morgan Chase opener (JPM)-Get report At the healthcare conference on Monday, it will highlight many healthcare stocks that have strong growth and do not require a strong economy to maintain growth.He will listen to a speech from Bristol-Myers Squibb (BMY)-Get report, Johnson (Jiangnan)-Get report,modern (Ribonucleic acid)-Get report, Regenerant (rain)-Get report And emerging biological solutions (Electronic Business System)-Get report.
Next, on Tuesday, we are likely to hear good news from Pfizer (Polytetrafluoroethylene)-Get report, CVS Health (CVS)-Get report AbbVie (ABBV)-Get report.We will also see the earnings of KB Home, a house builder (KBH)-Get report.In terms of technology, the annual CES exhibition kicked off and Cramer will watch the keynote speech of Advanced Micro Devices (AMD)-Get report And Microsoft (Microsoft)-Get report on Wednesday.
Speaking of Wednesday, the two Walgreens (World Basketball Association)-Get report Danaher (Mr)-Get report The JP Morgan meeting will be concluded to provide the latest information on vaccine work.
Taiwan Semiconductor will release earnings on Thursday (TSMC) , This may move the entire semiconductor group.We will also hear from DAM (From)-Get report The latest information about the tourism sector.
Finally on Friday, a week ending with earnings from JPMorgan Chase and rival Wells Fargo (World Football Federation)-Get report.
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Breaking news: “Twitter suspended President Donald Trump’s account due to the risk of further incitement to violence.”
Executive decision: Micron Technology
In his first “Executive Decisions”
Mehrotra said that regardless of trends from artificial intelligence to 5G to cloud technology, Micron’s chips are mission-critical components. They continue to lead the memory market in DRAM and NAND flash memory chips.
Mehrotra pointed out that memory is still one of the fastest growing areas of the semiconductor market. He also admitted that there is indeed a shortage of supply due to the large demand for various memories. However, his company is developing new technologies to meet this demand.
Mehrotla said that Micron will continue to be committed to serving its shareholders. In the past few years, the company has repurchased $4.8 billion worth of stock.
Kramer said he liked Micron’s $30 per share and has been a fan ever since. He said that the stock price may eventually reach $100.
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Warning of oversupply
Kramer told the audience that the market seemed unstoppable, but there was one thing that prevented him from entering the night. He said there were a large number of hot IPOs last year, and the company went public through a reverse merger with a special purpose acquisition company (SPAC). problem? The lock-up period for all these transactions has now expired, releasing millions of new shares into the market.
Kramer says he has always been a big fan of the online insurance company Lemonade (LMND) , But the stock price soared to $137 last month, and then suddenly plummeted by 14%. why? As the lock-up period expires, the seller can finally sell. Kramer recommended that the stock make a profit.
Then FuboTV (Fubao)-Get report, Soaring from $10 per share to $62, including a one-week rise of 135%. But when new shares were issued, the stock quickly reversed its trend.
Finally, Kramer highlights the snowflake (snow)-Get report, This data and analysis software provider is growing at an alarming rate, and there is a three-step lock-in. The lock-in will be completed in late March and the lock-in period expires. Cramer recommends using it with caution.
JP Morgan Medical Conference
In a special interview, Kramer welcomed Lisa Gill, managing director of JP Morgan Chase, to preview the upcoming 39th JP Morgan Healthcare Conference.
Gil said that vaccines will be the top priority of this year’s conference. Pfizer, Moderna, and distribution giant McKesson will give speeches. (MCK)-Get report, An officer of CVS Health and Warp Speed operations.
However, in addition to vaccines, Jill is also optimistic about Teladoc (TDOC)-Get report, This is a virtual healthcare provider that has now become a $33 billion company. She said that consumers will never look back after they have tried telemedicine, and the home is the safest place for medical services.
Jill also has high hopes for CVS Health. This is not only the company’s new CEO, but they have transformed into a community medical destination soon after the COVID vaccine started.
In the “No Object Attack” section, Cramer recalled the early days of mobile phones, when mobile phones were only the size of a brick, the weight was the same, and the range was only a few squares. At the time, Cramer chose not to invest in this emerging technology, but he said there are real believers, believers like Andy Marsh, who is now the CEO of Plug Power. (plug)-Get report.
March saw in the clean hydrogen what he saw in his mobile phone: potential. Every new technology needs scale to reduce prices. Hydrogen is now on a scale, coupled with the growth of wind and solar energy, green hydrogen can be produced at the price of natural gas.
Kramer admits that it will take several years for this story to manifest, but Marsh has been working at Plug Power since 2008. He bet that, like mobile phones, hydrogen will be the next major green energy revolution.
Here are Jim Cramer’s thoughts on some of the stocks offered by callers in Friday night’s “Crazy Lightning Round”:
Growing generation (group)-Get report: “This number has tripled and it’s time to make a profit.”
Deere (of)-Get report: “Make some money, but I think it will be higher.”
Apartment Investment Real Estate Investment Trust (Avian Influenza)-Get report: “I don’t want to own any of these stocks.”
Alibaba (Baba)-Get report: “I think you have to buy it.”
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At the time of publication, Cramer’s Action Alerts PLUS positions were JPM, BMY, CVS, ABBV, AMD, MSFT.