I wouldn't expect next week to be as good as this one, says Jim Cramer
Speakers
Jim Cramer
— Host, Mad Money
Summary
Jim Cramer reviews the past week's earnings and looks ahead to the coming week, offering specific stock recommendations. He is bullish on several tech and data center plays, cautious on some laggards, and highlights key earnings reports and the upcoming labor report.
- Palantir is a buy despite market rotation away from expensive software.
- ON Semiconductor is recommended after a parabolic earnings move.
- Pfizer is unattractive due to lack of catalysts and weak yield.
- AMD is bought ahead of earnings with high expectations.
- Lumentum, Arista Networks, and Astera Labs are data center connectivity plays to buy.
- Strategy (MSTR) should be avoided; buy Bitcoin directly instead.
- CVS Health is expected to deliver good quarters due to improved operations.
- McDonald's is a buy given its value package and weak competition.
Trade Ideas
Palantir business strong, would own it.
Palantir has a strong business, an excellent book of business, and many satisfied customers. Despite the market losing its taste for expensive software, he would own the stock.
Buy ON Semi after parabolic earnings.
Semiconductors are on fire, and ON Semi went parabolic after earnings. The stock is not just tied to autos, and he recommends buying some.
Avoid Pfizer, no catalyst, yield weak.
Pfizer is in a multi-year rut with no needle movers in the portfolio; its yield is not attractive compared to bonds, and he wants an upside surprise, implying avoidance.
Buy AMD ahead of quarter.
AMD will have an upside surprise this week, and he buys ahead of the quarter because CEO Lisa Su is the best.
Buy data center connectivity plays.
Lumentum and Arista Networks help data center machines communicate; he would buy both.
Pressed bet on Astera Labs.
Astera Labs is a fabless semiconductor company focused on connectivity, and he pressed his bet because the stock goes up.
Avoid MSTR, buy Bitcoin directly.
Strategy (formerly MicroStrategy) is just a bitcoin proxy; if you want bitcoin, buy bitcoin directly instead of the stock.
CVS will deliver good quarters.
CVS will deliver good results for a quarter or two because CEO David Joyner fixed the company while competitors struggle, and Aetna numbers are strong within CVS.
McDonald's worth buying now.
McDonald's always surprises to the upside, competition is less effective, and its value package is popular. The stock is drifting lower, making it worth buying.
