Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Friday July 18.
11 Things To Watch In The Week Ahead: Halliburton (NYSE:HAL), Chipotle Mexican Grill (NYSE:CMG), Netflix (NASDAQ:NFLX), Apple (NASDAQ:AAPL), Boeing (NYSE:BA), Facebook (NASDAQ:FB), American Airlines (NASDAQ:AAL), Ford (NYSE:F), General Motors (NYSE:GM), Caterpillar (NYSE:CAT), Amazon (NASDAQ:AMZN). Other stocks mentioned: Twenty-First Century Fox (NASDAQ:FOX), Time Warner (NYSE:TWX), United Rentals (NYSE:URI), GoPro (NASDAQ:GPRO)
The height of earnings season is coming at a time of major geopolitical turmoil. It is hard to believe that stocks will be immune from these tensions. Russia vs. U.S. tensions, for example, will be bad for the banks. Cramer discussed things to watch in the week ahead.
Halliburton (HAL): If tensions over Russia increase, no one will care what HAL reports, although Cramer expects good earnings. Cramer would buy HAL on a decline, because it ultimately does well when things heat up globally.
Chipotle Mexican Grill (CMG) is performing well, but the problem is that expectations are high. Raw material prices are rising dramatically for this company. Cramer would wait to buy this stock on a discount.
Netflix (NFLX) has run going into the quarter, but Cramer is more bullish because of Twenty-First Century Fox's (FOX) bid for Time Warner (TWX). Netflix could be a good takeover play. If it reports a good number, it could soar. Cramer would put half a position before it reports and half after on a pullback.
Apple (AAPL) has run 16% so far this year, and Cramer said "I like everything I hear about Apple long-term." The company still makes outstanding products, is shareholder friendly and has a winning deal with IBM (NYSE:IBM). However, analysts are too occupied with measuring iPhone sales. Cramer would own the stock.
Boeing (BA) was the best performer in the Dow last year and has been one of the worst performers this year. Cramer believes in its long-term story and would buy it on a decline.
Facebook (FB) is worth owning into the quarter and buying the rest of the position on a decline. The stock sells at a discount to its growth rate.
American Airlines (AAL) is very cheap, and is a stock Cramer recommends.
Caterpillar (CAT): United Rentals' (URI) management reported that non-residential construction has accelerated from 1% growth to 13% for the year. Cramer thinks this is an indication that Caterpillar may report good results.
Amazon (AMZN) is facing lower expectations, and the chart is showing good things. It is down 10% off its high. Cramer would buy deep in the money call options before the quarter.
U.S. Durable Goods Number: If this number is good, it is likely that interest rates may rise. Even if interest rates go up, the increase won't be dramatic.
Cramer took some calls:
GoPro (GPRO): Everyone is excited about it, and it is going to have good sales. For those who don't mind the risk of momentum stocks, Cramer thinks GoPro is alright.
The remainder of Friday's program was a repeat-broadcast of a show that last aired on December 2013. There was no Lightning Round segment.
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