Jim Cramer was enthusiastic on his Mad Money show Friday evening. Why? The stock market finished strong and the reopening of America is alive and well as the vaccine rollout is growing.
Here’s his game plan for next week:
On Monday Cramer’s looking for developments with China’s labor situation and if any more negative news comes out with companies doing business there — like Nike (NKE) – Get Report. He’ll also be watching Amazon (AMZN) – Get Report to see how the employee union voting goes.
On Tuesday, we’ll get a bevy of earnings from some companies thriving under the pandemic, like McCormick (MKC) – Get Report, Lululemon Athletica (LULU) – Get Report and Chewy (CHWY) – Get Report, and others that have struggled, including PVH Corp. (PVH) – Get Report.
We’ll also get earnings from BlackBerry (BB) – Get Report, a favorite on Reddit.
The earnings keep on coming Wednesday with Walgreens (WBA) – Get Report, Dave & Buster’s (PLAY) – Get Report and Micron Technology (MU) – Get Report all set to report. Micron’s business has been strong lately, as has the stock, Cramer added.
Kroger Co. (KR) – Get Report also has its analyst meeting scheduled.
On Thursday, things slow down a bit, with just CarMax (KMX) – Get Report reporting earnings. This could be the “best quarter” of the week, he added. Used car sales are on fire due to the semiconductor shortage impacting new car sales.
Enjoy the three-day weekend, with the stock market closed on Good Friday, ahead of Easter.
Cramer and the AAP team are looking at everything from earnings and politics to the Federal Reserve. Find out what they’re telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts Plus.
Executive Decision: BorgWarner
On the show’s first “Executive Decision” segment, Cramer spoke with Fred Lissalde, CEO of BorgWarner (BWA) – Get Report.
The company is making a powerful transition to focus more of its business on electric vehicles. By 2025, BorgWarner expects to generate 25% of its revenue from EV and expects that figure to climb to 45% by 2030.
The industry is getting electrified, Lissalde said, explaining that it’s happening with commercial vehicles as well as light vehicles. The bus business will be a fast adopter, too, he added.
As for the transition to EV, Lissalde said, “It’s a natural extension of what we’ve been building over the past years.” There’s finally a tipping point in the market and a readiness among automakers and consumers for these products.
The company plans to invest $8 billion in the effort by 2025, with $5 billion of that coming from its free cash flow.
Cramer said he is excited by the move, adding that BorgWarner is also a natural beneficiary of the reopening economy in the short term. It’s stock is cheap too, he said.
Executive Decision: KBR
On the show’s second “Executive Decision” segment, Cramer spoke with Stuart Bradie, president and CEO of KBR Inc. (KBR) – Get Report.
The stock hit a new 52-week high on Friday, with shares being fueled higher by the company’s recent Investor Day presentation. The company has made a massive transformation from energy to more environmentally friendly solutions.
Further, most of the company’s revenue now comes from government contracts. Bradie explained that defense work and contracting with NASA have been huge opportunities for the company.
With the Space Force in its infancy and more companies coming to the space front, it’s going to be a very exciting arena to operate in over the long haul, he said.
KBR is also working with green ammonia solutions to help create a better renewable energy source. Being an ESG stock (environment, social and governance) is sustainable, while creating value and longevity for the future, he added.
Search Jim Cramer’s “Mad Money” trading recommendations using our exclusive “Mad Money” Stock Screener.
To watch replays of Cramer’s video segments, visit the Mad Money page on CNBC.
To sign up for Jim Cramer’s free Booyah! newsletter with all of his latest articles and videos please click here.
At the time of publication, Cramer’s Action Alerts PLUS had a position in AMZN.