Recently, the stock market has focused heavily on politics, but starting next week profits will be central again, Jim Cramer told his Mad Money viewers on Friday. Cramer said Thursday’s planned update by President-elect Joe Biden on his economic recovery and stimulus plans is likely to move the market, but there will also be plenty of individual stocks in the news.
Cramer’s game plan for next week begins with the annual release of JP Morgan Chase (JPM) – Get the report on Monday, a health conference that will highlight many health actions that have great growth and do not need a strong economy to continue growing. You will be listening to Bristol-Myers Squibb presentations (BMY) – Get the report, Johnson & Johnson (JNJ) – Get the report, Modern (MRNA) – Get the report, Regeneron (RAIN) – Get the report and Emerging BioSolutions (EBS) – Get the report.
Then on Tuesday, we’ll probably hear good things from Pfizer (PFE) – Get the report, CVS Health (CVS) – Get the report and AbbVie (ABBV) – Get the report. We will also see the gains of home builder KB Home (KBH) – Get the report. In technology, the annual CES program kicks off and Cramer will watch the presentation of Advanced Micro Devices (AMD) – Get the report and Microsoft (MSFT) – Get the report Wednesday.
Speaking of Wednesdays, both Walgreens (WBA) – Get the report and Danaher (MR) – Get the report will end JP Morgan’s conference, providing updates on its vaccination efforts.
On Thursday it will get the profits from Taiwan Semiconductor (TSMC) , which could move the entire semiconductor group. We will also hear from Delta Air Lines (DE) – Get the report for an update on the travel industry.
Finally on Friday, the week closes with gains from JP Morgan and rival Wells Fargo (WFC) – Get the report.
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Executive decision: Micron Technology
In his first “Executive Decision” segment, Cramer spoke with Sanjay Mehrotra, President and CEO of Micron Technology (MU) – Get the report, the stock semiconductor maker that fell 2.1% on Friday after hitting new all-time highs earlier in the week.
Mehrotra said that regardless of technology trend, from artificial intelligence to 5G to the cloud, Micron chips are a critical component of the mission. They continue to lead the memory market in both DRAM and NAND flash chips.
Mehrotra noted that memory remains one of the fastest growing segments of the semiconductor market. He also admitted that with such a strong demand for memory of all kinds, there are some shortages of supply. However, your company is expanding new technologies to meet this demand.
Micron remains committed to its shareholder, Mehrotra said. The company has recovered $ 4.8 billion worth of treasury shares in recent years.
Cramer said he liked Micron at $ 30 a share and has been a fan ever since. He said the shares could be as high as $ 100.
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Excess supply guarantees caution
This market may seem unstoppable, Cramer told viewers, but there’s one thing that keeps it going at night … oversupply. He said last year there were a lot of IPOs and companies that were made public through reverse mergers with special purpose acquisition companies or SPACs. The problem? All of these offers have blocking periods that are already expiring, releasing millions of new shares to the market.
Cramer said he has been a big fan of online insurance company Lemonade (LMND) , but last month shares rose to $ 137 before falling sharply by 14%. Because? Because the lockout period expired and the sellers were finally able to sell. Cramer advised profiting from this stock.
Then there is FuboTV (FUBO) – Get the report, which rose from $ 10 to $ 62 per share, including a 135% increase in a single week. But the shares quickly reversed course when new shares were issued.
Finally, Cramer highlighted the snowflake (NEW) – Get the report, the data and analytics software provider with amazing growth, but also a three-step lock that is completed in late March with a large lockout expiration. Cramer advises extreme caution.
JP Morgan Healthcare Conference
In a special interview, Cramer welcomed Lisa Gill, CEO of JP Morgan Chase, for a preview of JP Morgan Healthcare’s upcoming 39th Annual Conference.
Gill said vaccines will be the focus of this year’s conference, with presentations by Pfizer, Moderna, distribution giant McKesson (MCK) – Get the report, CVS Health and Operation Warp Speed officials.
But beyond the vaccines, Gill was bullish on Teladoc (TDOC) – Get the report, the virtual health service provider that is now a $ 33 billion company. He said consumers will not return after trying telemedicine and that home is the safest place for health services.
Gill was also bullish at CVS Health, both for the company’s new CEO and for its transformation into a neighborhood health destination, starting soon with the COVID vaccine.
Hydrogen potential
In his “No Huddle Offense,” segment, Cramer recalled the early days of cell phones, when they were the size of a brick and weighed the same, spanning just a few square blocks. Cramer then chose not to invest in this growing technology, but there were true believers, he said, believers like Andy Marsh, now CEO of Plug Power (PLUG) – Get the report.
March sees in clean hydrogen what he saw at the time on cell phones: the potential. All new technologies need a scale to reduce prices. Hydrogen now has the scale, along with the growth of wind and solar energy, to produce green hydrogen at the price of natural gas.
This story will take years to appear, Cramer admitted, but Marsh has been at Plug Power since 2008. He bets that, like mobile phones, hydrogen will be the next big green energy revolution.
Round Lightning
Here’s what Jim Cramer said about some of the actions the interlocutors offered during the “Mad Money Lightning Round” Friday night:
GrowGeneration (GROUP) – Get the report: “This has tripled, so it’s time to reap some benefits.”
Deere & Company (D ‘) – Get the report: “Take some benefits, but I think this one will increase.”
REIT of apartment investment (AIV) – Get the report: “I don’t feel like owning any of these shares.”
Alibaba (BABA) – Get the report: “I think you should buy it.”
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At the time of publication, Cramer’s Action Alerts PLUS had a position JPM, BMY, CVS, ABBV, AMD, MSFT.