The stock market has focused heavily on politics recently, but starting next week, gains will once again be in the spotlight, Jim Cramer told viewers of Mad Money on Friday. Cramer said the scheduled update of President-elect Joe Biden on Thursday on his economic recovery and stimulus plans is likely to move the market, but there will be plenty of individual action in the news as well.
Cramer’s game plan for next week begins with the annual launch of JP Morgan Chase (JPM) – Get the report Monday’s medical conference, which will highlight many healthcare stocks that are growing high and do not need a strong economy to continue to grow. He will listen to presentations from Bristol-Myers Squibb (BMY) – Get the report, Johnson & Johnson (JNJ) – Get the report, Modern (mRNA) – Get the report, Regeneron (RAIN) – Get the report and emerging BioSolutions (EBV) – Get the report.
Then, on Tuesday, we will most likely hear good things from Pfizer (FE) – Get the report, CVS Health (CVS) – Get the report and AbbVie (Abbvie) – Get the report. We’ll also see earnings from home builder KB Home (KBH) – Get the report. In technology, the launch of the annual CES show begins, and Cramer will watch the presentation from Advanced Micro Devices (I HAVE D) – Get the report and Microsoft (MSFT) – Get the report Wednesday.
Speaking of Wednesday, both Walgreens (WBA) – Get the report and Danaher (MR) – Get the report will conclude the JP Morgan conference with updates on their vaccination efforts.
Earnings from Taiwan Semiconductor will be obtained on Thursday (TSMC) , which could move the entire semiconductor group. We will also hear from Delta Air Lines (FROM) – Get the report for an update of the tourism sector.
Finally on Friday, the week closes with earnings 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 semiconductor maker with shares that fell 2.1% on Friday after hitting new all-time highs earlier this week.
Mehrotra said that regardless of the technology trend, from artificial intelligence to 5G to the cloud, Micron chips are a critical component of the mission. They continue to be the market leader in both DRAM and NAND flash chips.
Mehrotra noted that memory remains among the fastest growing segments in the semiconductor market. He also admitted that with such a strong demand for memory of all kinds, there are some shortages of supply. However, his company is developing new technologies to meet this demand.
Micron remains dedicated to its shareholder, Mehrotra said. The company bought back its own shares worth $ 4.8 billion in recent years.
Cramer said he liked Micron for $ 30 a share and has been a fan ever since. He said the shares could eventually see $ 100.
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Excessive supply guarantees caution
This market may seem unstoppable, Cramer told viewers, but there’s one thing that keeps it up at night … oversupply. He said last year that there were a lot of hot IPOs and companies that became public through reverse mergers with specialist acquisition companies or SPACs. Problem? All these transactions have blocking periods that are now expiring, releasing millions of new shares on the market.
Cramer said he was a big fan of online insurance company Lemonade (LMND) , but shares last month rose to $ 137 before falling sharply by 14%. Why? Because the lockout period has expired, and the sellers have finally managed to sell. Cramer advised to make a profit 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 stocks quickly reversed when new shares were issued.
Finally, Cramer highlighted the Snowflake (THE SNOW) – Get the report, the provider of data and analysis software with an amazing increase, but also a three-step lock that ends at the end of March with a big lockout expiration. Cramer advised to be extremely careful.
JP Morgan Healthcare Conference
In a special interview, Cramer greeted Lisa Gill, CEO of JP Morgan Chase, back for a preview of the upcoming 39th annual JP Morgan Healthcare conference.
Gill said vaccines will be the focus of attention at this year’s conference, with presentations from Pfizer, Moderna, distribution giant McKesson (MCK) – Get the report, CVS Health and Operation Warp Speed officials.
However, beyond the vaccines, Gill was optimistic about Teladoc (Tdoc) – Get the report, the virtual healthcare provider that is now a $ 33 billion company. She said consumers do not return after trying telemedicine, and home is the safest place for health services.
Gill was also optimistic about CVS Health, both for the company’s new CEO and for turning them into a neighborhood healthcare destination, starting soon with the COVID vaccine.
Potential for hydrogen
In his “No Huddle Offense” segment, Cramer recalled the early days of mobile phones, when they were the size of a brick and weighed just as much, with a range of just a few square blocks. Back then, Cramer chose not to invest in this growing technology, but there were true believers, he said, believers like Andy Marsh, now CEO at Plug Power. (SNUFF) – Get the report.
March sees in pure hydrogen what he saw then in mobile phones: potential. Every new technology needs scale to reduce prices. Hydrogen now has scale, combined with wind and solar growth, to produce green hydrogen at the price of natural gas.
Cramer admitted that this story will last for years, but Marsh has already been at Plug Power since 2008. He bet that, like mobile phones, hydrogen will be the next big green energy revolution.
Lightning round
Here’s what Jim Cramer had to say about some of the actions the callers offered during the “Crazy Lightning Round” on Friday night:
GrowGeneration (GROUP) – Get the report: “It has tripled, so it’s time to make some profits.”
Deere & Company (OF) – Get the report: “Take some profits, but I think it goes higher.”
REIT investment in apartments (AIV) – Get the report: “I have no desire to hold any of these stocks.”
Alibaba (crone) – Get the report: “I think you have to 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.