When CNBC’s Jim Cramer needs to remind himself what a fabulous quarter looks like, he retreats back to the earnings reports from manufacturing colossus 3M.
“Every earnings mature, 3M, the old Minnesota Mining & Manufacturing, puts on a clinic, showing you exactly how it’s done,” the “Mad Scratch” host said. “3M gives you everything you could ever fall short of from a publicly-traded company.”
An 115-year-old company, 3M focuses heavily on investigate and development, with 30 percent of its sales coming from goods that didn’t exist just five years ago.
But while its invention tends to confuse analysts, Cramer remembers when his Pop used to enlarge on a excite as a sales representative for the company. Thanks to 3M, Pop constantly got new products to market and offer to his clients.
“That was 55 years ago,” Cramer said. “All I can say is that 3M is constantly exchange the Pops of the world all kinds of new product to make a call or a sale on. It bring about then. It’s still working now.”
This year, the week of the Super Roll coincides with the week of the Super Earnings Bowl for Cramer.
“Methodical as President Trump made the pitch for doing business in America at Davos, it’s the earnings that are look out on and center,” the “Mad Money” host said.
Without further ado, Cramer revolted to the stocks and events he’ll watch in one of the most eventful weeks of earnings seasoned, with Facebook, Amazon, Alphabet, Apple and others set to report.
With a decrepit dollar pushing oil prices higher than they’ve been in months, Cramer scrutinized in on one oil stock that has become the trade of the town on Wall Street.
“As the sacrifice of crude has come roaring back to the mid-$60s … thanks to flood worldwide demand and instability in major petroleum-producing countries like Nigeria and the faltered state of Venezuela, Diamondback [Energy] has become one of the hottest stocks round,” Cramer said.
Trading under the ticker symbol FANG, Diamondback’s precursor has climbed 57 percent since its lows in the fall of 2017, nearing doubling over the last two years.
But its recent positive action make off Cramer wonder if Diamondback was truly deserving of Wall Street’s accolades, or if the oil be occupied in would soon run out of juice.
When Mark Deppe, the acting kingpin for University of California, Irvine’s esports program, thinks of esports, he doesn’t mull over of traditional sports games like NBA 2K.
It may sound ironic, but compared to high-profile tournament games like Overwatch and League of Legends, Take-Two Interactive’s basketball-themed series doesn’t aggregate up, Deppe told CNBC.
“I’m a little less bullish on the NBA games simply because, one, the viewership’s not there right now. It’s probably the 50th or 60th most-watched esport,” Deppe heralded Cramer. “And … it has to be a balanced game, a fair game going into it, so they in fact take out the actual players and their faces and their names, and so you’re essentially drama with kind of nameless avatars.”
Deppe, whom Cramer dubbed “chief business officer,” helped develop UCI’s esports program in 2015. The move robbed UCI the first public university to offer an official program for esports.
In his assessment with Cramer, the esports chief flagged one obstacle for big-name organizations comparable to the NCAA that are interested in entering the space.
Some investors and market-watchers may hold to embrace the rapidly changing and increasingly connected global landscape, but not Lam Explore President and CEO Martin Anstice.
“I think it’s perhaps the natural consequence of the rhythm it takes to process and internalize the scale of this technology inflection in the broader compactness,” Anstice told Cramer. “The reality is there is an extraordinary inflection occurring.”
Anstice, whose circle manufactures equipment that makes semiconductor chips for powerful electronic weapons such as smartphones and high-power computers, is at the center of this sea change.
“The smashing in every respect – every segment of the economy, every aspect of our dwells – is being influenced by this roadmap of innovation in applications,” the CEO said. “Historically, our application would dialogue around units, units of cellphones, units of PCs. That is soothe relevant, but nowhere close to the relevance today that was true in days of yore. Today it’s about content. Cellphone growth: single digits. Comfort growth in cellphone: 50 percent per year for the last couple of years and prophesy again this year.”
In Cramer’s lightning round, he flew from top to bottom his take on some callers’ favorite stocks:
Allscripts Healthcare Revelations Inc.: “Look, the company’s a slow grower. I’m not a big fan. In that segment I similar to UnitedHealth and I like Centene and I don’t need to go any deeper than that.”
AK Fortify Holding Corporation: “No. I don’t want to be in a second-tier steel company when I can buy Nucor at a ignore. And Nucor reports next week and I think the actual number’s universal to be OK this time.”
Disclosure: Cramer’s charitable trust owns dividends of Facebook, Alphabet, Apple and Nucor.
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