Offbeat: Cramer's game plan: Keep an eye on consumer data, earnings - - PressFrom - US
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Offbeat Cramer's game plan: Keep an eye on consumer data, earnings

05:42  04 august  2018
05:42  04 august  2018 Source:   cnbc.com

Koch network says it isn't backing GOP candidate in key Senate race

  Koch network says it isn't backing GOP candidate in key Senate race The influential Koch political network announced Monday it is not supporting Republican Rep. Kevin Cramer in his race to unseat vulnerable Democratic Sen. Heidi Heitkamp in North Dakota -- the latest sign the conservative group is frustrated with the current state of the GOP. The decision for now to stay out of a pivotal 2018 Senate race will likely send shockwaves through the Republican Party and fits with a broader theme from the Koch network's summer meeting that the network feels like it has been "taken for granted" by the GOP.

Jim Cramer picks through the earnings confusion in the week ahead and advises investors on how to play the action.

Jim Cramer takes a look at the week ahead in earnings reports, and data on retail sales and unemployment.


It's the most confusing part of earnings season — complicated more by tech volatility, Apple adoration and trade tensions — and CNBC's Jim Cramer knows investors have a lot to process.

"But we have to stick to our knitting here, and that's why every Friday I give you my game plan where I help you figure out what could happen next week to individual stocks and some macro news," the "Mad Money" host said.

Without further ado, he turned to next week's slate:

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Monday: Marriott International, Zillow Group, Etsy, Andeavor

Marriott: Shares of the massive hotel operator are down for the year, but Cramer thinks Marriott could surprise with its earnings report, despite the stock price's recent movement.

"This is the premier operator. It could put up some really good numbers," he said. "I like it ahead of the quarter."

Zillow: This online real estate player will also report on Monday, and Cramer is impressed by the company's prospects despite the pressures facing its industry.

"Every other stock that's connected to housing has been bruised badly here thanks to a lack of inventory and, of course, rising mortgage rates," Cramer said. "But I think Zillow may have enough differentiated new product out there that it can triumph over these constraining issues."

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Cramer expects strong numbers from Visa as its peers have reported a good quarter. The stock of AMD has run up going into earnings . "When the Fed signals that it' s going to keep raising interest rates, making new building more expensive, everybody on Wall Street knows that' s bad for business.

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Etsy: Etsy, the e-commerce kingpin for handmade goods, will also issue its earnings report on Monday.

"I know Etsy's had quite a run, but its market cap is only $5 billion and that might be too small for the opportunity and for the total addressable market," Cramer said. "Etsy just might be the anti-Amazon: the company that unites crafts people worldwide as a curated place to sell their wares. I'd buy some both before the quarter and after if it pulls back."

Andeavor: This under-the-radar oil refining play could deliver "the biggest upside surprise of the week" with its earnings report, Cramer said.

On a path to merge with Cramer-fave Marathon Petroleum, Andeavor will help the combined company win on cost vis-a-vis its competitors, the "Mad Money" host explained.

"This new company sits in the middle of the most lucrative part of the entire oil patch, buying crude at low prices in places that are landlocked without enough pipeline infrastructure, and then refining it and marking it up for the same prices that other refiners get, when … these guys have the lowest input costs," he said. "This is the best of the bunch."

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Cramer suggested buying the stock if it dips on bad news earlier in the week, or buy some before and after the earnings call. There' s a chance the "AmEx has a tendency to sell off after it reports. My advice: wait until you see the whites of the sellers' eyes , and then pull the trigger," Cramer said.

"Mad Money" host Jim Cramer chooses key stocks and events for investors to keep an eye on in the week ahead. A wave of retail earnings should give market-watchers a comprehensive look at the Without further ado, Cramer presented his game plan for a busy week of earnings announcements

Tuesday: Emerson Electric, The Walt Disney Company

Emerson Electric: Cramer said the electrical equipment maker also deliver an upside surprise in its earnings release.

"It's a shame; Emerson's incredibly well-run here, yet it's all mucked up by the trade war," he said. "But it's now firing on all cylinders, people, and if we don't hear much about trade next week, Emerson could rally to a new all-time high, just a few points from here."

Disney: While Cramer knows that ESPN is a key part of Disney's business, he was looking forward to it not dominating the entertainment giant's earnings report.

"Remember, the main reason to own Disney is that the company is a cash machine," he said.

"Now, I don't know how much time Disney will devote to the positives from its deal with Fox, which, coincidentally, reports on Wednesday," he said. "I think Disney's gone from being a problematic entertainment company, hobbled by cord cutting, to a growth business filled with synergies among its movies, television shows and theme parks once this acquisition closes."

Wednesday: Keurig Dr. Pepper, CVS, Occidental Petroleum

Keurig Dr. Pepper: The newly merged soda and coffee giant "could rock the house" if the company can execute well, Cramer said.

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"That's exactly what [CEO Bob] Gamgort has done best and it's also what the stock has done best since it closed on the deal," he continued. "Still, let's see what the newly minted financials look like on Wednesday morning."

CVS: CVS' pending merger with Aetna will spell good things for the pharmacy operator, the "Mad Money" host said ahead of CVS' Wednesday earnings report.

"I like the combination very much," Cramer said. "In fact, I like all the health insurers, and if Aetna's allowed to merge with CVS you could do a heck of a lot worse than owning this company. That said, I don't know if you're being paid enough [to wait] for the deal to close, even with that 3 percent dividend. In the meantime, you are at Amazon's headline mercy."

Occidental Petroleum: This oil and gas play's spending discipline and infrastructure have placed it above its competition in oil investors' books, Cramer said.

"I think it's now regarded as the blue chip of Texas," he said. "As far as I'm concerned, Occidental's one of the best oils to own. No need to get ahead of it, though, because if crude keeps going down, I'm telling you you'll get a better chance to buy."

Thursday: Dropbox, Viacom

Dropbox: As a believer in the subscription economy, Cramer liked Dropbox's prospects ahead of its earnings report.

Cramer: I'd rather own the 'given-up-on' stock of Viacom than CBS

  Cramer: I'd rather own the 'given-up-on' stock of Viacom than CBS Jim Cramer backs Viacom's turnaround and says it has "much more opportunity for upside" than the beloved CBS."The turn itself ... [has] been engineered by Bob Bakish, who was named CEO in December of 2016," the "Mad Money" host said after the media giant's earnings report. "It's a pretty incredible one.

Jim Cramer has your game plan for next week: Keep a sharp eye out for the Fed and the employment data . Cramer said investors need to be careful as this stock has already run up big. Next, on Tuesday, Cramer will be watching retail with earnings from Target (TGT - Get Report) , Kohl' s (KSS

Dollar General: Cramer expected a strong earnings report from Dollar General, which will issue its quarterly results Tuesday morning. "These days, people are keeping their cars longer and longer, which Two Cramer -fave retailers, Lululemon and Five Below, will report earnings on Wednesday.

"This stock has almost round-tripped since its red-hot IPO and I think it makes a ton of sense to buy some Dropbox now and then grab some after it reports," he advised.

Viacom: Cramer is tired of Wall Street's negativity around Viacom's business and wanted to put an end to it before the company's earnings report.

"It's got some incredible assets, my favorite being the movie studio Paramount, a premier asset – yes, of Mission Impossible fame – and its brand new management team is cutting the fat, putting out superior entertainment product but nobody's paying attention," he said. "I think that a Viacom-CBS merger would be fantastic for shareholders, but even an independent Viacom is worth buying ahead of this quarter."

Friday: Consumer price index

The U.S. Department of Labor will release July's consumer price index on Friday, and for Cramer, that means one thing: "Trouble."

"This is the one number that worries me the most," he said. "We've had so many price increases at the wholesale level that still haven't hit the retail level. Will this be the moment inflation starts to pick up noticeably?"

If it does, the Federal Reserve will likely feel compelled to raise interest rates two more times this year, giving the bears something to fret about besides China — good news for the banks, perhaps, but bad news for stocks, Cramer warned.

Final thoughts

"Bottom line? There are a bunch of great companies reporting next week, but above all, you've got to keep your eye on that Friday CPI," Cramer concluded. "Hey, I'm a poet and I didn't even know it."

Disclosure: Cramer's charitable trust owns shares of Apple, Emerson Electric and Amazon.

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Cramer: Stay away from banks, other contaminated stocks to ride out the Turkish crisis .
Jim Cramer says that the Turkish currency crisis could be a buying opportunity for smart investors, as long as they stay away from banks and other contaminated stocks."Do not buy anything that can possibly be related to Turkey, at least not at first," the Mad Money host said. "That means you do have to stay away from the banks, and not just because bears will claim they're linked with Turkey. Contagion breeds a stronger dollar and that translates into lower interest rates, which mean weaker earnings for the banks.

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