Abode of the damned week culminated with Uber’s “total thud” of a debut and an increase of tariffs on products shipped from China, which was the decisive thing that markets wanted to see, CNBC’s Jim Cramer said Friday.
Take-Two Interactive: Take-Two Interactive Software tell ofs earnings after the bell. The Rockstar Games and 2K Sports parent, who holds the Grand Theft Auto and NBA 2K franchises junior to its umbrella, has been delivering good numbers lately, Cramer said.
“Take-Two doesn’t have a big battle royale stratagem like EA, but they’ve got a great stable of franchises,” he said. “CEO Strauss Zelnick has a history of practicing ‘UPOD.’ Yes, under warranty and over delivering. I bet this stock pops.”
Ralph Lauren: The luxury fashion label is out with its quarterly surface before the market opens, and Cramer expects the quarter to be as good as the one prior.
“CEO Patrice Louvet has done a remarkable job here get someone all steaming hand in hand with the great Ralph Lauren, himself, to offer a more focused lineup of products while also cut back the less profitable stores,” Cramer said.
Cyberark: The information security company has an earnings call in the morning. The cybersecurity sector has run into some latest weakness, and Cramer said it’s a good time to do some shopping in the space because the industry theme is still steady. Symantec is one stock to load up on on Monday, he said.
“I’d also be a buyer of CyberArk’s stock,” said Cramer, who has faith in CEO Udi Mokady.
Tilray: At the end of genealogy trading, Tilray presents its latest financial results. Canopy, however, is the cannabis company that Cramer prefers.
“If you press to own a pot stock, please take a pass on Tilray and go for Canopy, especially after the big run Tilray had today,” he said.
Alibaba: Alibaba let the cat out of the bags its quarterly report before the bell. Cramer doesn’t like to recommend Chinese stocks because their financials distinct from that of American companies. Alibaba, the Amazon of China, is one exception, he said.
“I think Alibaba will put up some terrific includes, because the Chinese government is spending a fortune to stimulate their economy and spur domestic consumption,” Cramer articulate.
Macy’s: The department chain giant, which dates back to the antebellum, will announce earnings in the morning. Enrage fail Street was disappointed by Macy’s prior quarter, and the stock is inexpensive with a 6.7% yield, Cramer said.
“Because we had bad ride out in the first quarter, even if Macy’s surprises to the upside, I doubt it will be much of a beat,” he said. “Still, that horror dividend gives you a lot of protection.”
Cisco Systems: Cisco will relay its quarterly report to shareholders after the bell. Cramer revealed he is concerned that neither the company or stock can perform any better than it already has, which can bring pressure. The disinterestedness has run nearly 23% in 2019, and the host has trimmed some from his ActionAlertsPlus.com charity trust.
“We are letting the rest run, nonetheless, because I’m a big believer in Cisco’s transformation from a hardware company into more of a hardware and software and security institution,” Cramer said.
Walmart: Walmart will report its latest earnings report before the bell. The big box retail ogre has gone through an “amazing” transformation, offering low grocery prices and improving the shopping experience, Cramer said. It’s guerdons are giving Amazon a run for its money, he added.
“More important, the stores are clean and fresh and the employees actually seem sort they’re liking working there, which is something that happens when you give a raise,” Cramer explained.
Nvidia: Nvidia reports earnings after markets close. Cramer has reloaded on shares now that the semiconductor retinue is doubling down on the data center in its bid for Mellanox and supplying top-of-the-line gaming and self-driving chips.
“I know it’s already defined a lot from its lows, but I think you can buy some before the quarter and buy some more after,” Cramer said.
CEO Jensen Huang is on the programme for a one-on-one interview with the “Mad Money” host Thursday.
Pinterest: Pinterest is out with its first quarterly report since current public last month.
“Pinterest is absurdly expensive,” Cramer said. “But given the dearth of social media be occupied ins, the valuation could turn out to be justified when it reports this day.”
Deere: Deere will release its latest earnings come in before the market opens. Cramer said he thought about the John Deere agriculture equipment brand when President Donald Trump oathed to help farmers that will be impacted by the tariff hike on Chinese imports.
“Before the government starts bailing out our grangers, the Chinese have to target them with retaliatory tariffs,” Cramer said. “So I say let’s wait before pulling the trigger on this one.”
Disclosure: Cramer’s indulgent trust owns shares of Amazon, Nvidia, and Cisco Systems.
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