Next week’s trading will depend on the latest economic data and what the Federal Reserve has to say about it, Jim Cramer told his Mad Money viewers on Friday. But if there’s one thing Cramer has learned throughout his career, it’s never to sell a bull market.
There will surely be a lot of talk Monday about “growth versus value,” Cramer said, but people should ignore it. Instead, focus on finding high-quality companies that are doing well and your portfolio will pay off.
Cramer’s game plan continues Tuesday with latest producer price index and Oracle earnings (ORCL) – Get report. He said that if we see strong inflation again with the PPI, it could be difficult for the Fed to ignore it. As for Oracle, the company is viewed by many as a fossil, but they actually offer many cutting-edge cloud solutions.
On Wednesday, the Fed will meet and investors will want to hear the words “transitory inflation.” We will also get the latest number of homes started and Lennar home builder earnings. (LEN) – Get report, which should describe the evolution of raw material prices.
Then on Thursday, we’ll hear from grocer Kroger. (KR) – Get report, but Cramer said he’d rather have America’s largest grocery store, Walmart (WMT) – Get report. He was optimistic with Jabil (JBL) – Get report, the contracted manufacturer and Adobe Systems (ADBE) – Get report, who has his finger on the pulse of the cloud.
Finally, on Friday, Cramer told viewers to stay tuned for what WallStreetBets’ next target might be, as the clan tends to focus on one action each week. But don’t buy into the hype, Cramer urged, only buy if the company’s long-term perspective makes sense and is worth it on its own merits.
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Am I diversified?
In his “Am I Diversified?” Segment, Cramer spoke to callers and responded to tweets sent via Twitter to @JimCramer to see if investor portfolios have what it takes for today’s markets.
The first portfolio included AbbVie (ABBV) – Get report, Valero Energy (FLEA) – Get report Black stone (BX) – Get report, CSX (CSX) – Get report and Intel (INTC) – Get report. Cramer called this portfolio interesting, but recommended switching from Intel and adding Advanced Microdevices (AMD) – Get report.
The top holdings in the second portfolio included Exxon Mobil (XOM) – Get report, Amazon (AMZN) – Get report, Altria (month) – Get report, Carvana (CVNA) – Get report and Roblox (RBLX) – Get report. Cramer blessed this portfolio as properly diversified.
The third portfolio had Airbnb (ABNB) – Get report, Coupa Software (BLOW) – Get report, Amazonas, First Horizon National (FHN) – Get report and Gap Inc. (Gps) – Get report as its top five actions. Cramer applauded this portfolio for also being highly diversified.
The main stocks in the fourth portfolio were Realty Income (OR) – Get report, IBM (IBM) – Get report, Johnson and Johnson (JNJ) – Get report, PepsiCo (ENERGY) – Get report and Chevron (CLC) – Get report. Cramer said this portfolio is exactly how you make money in the long run.
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At the time of publication, Cramer’s Action Alerts PLUS had a position at WMT, ABBV, AMD, AMZN.