Stocks discussed on the in-depth session of Jim Cramer's Mad Money Program, Thursday, June 9.
The market took a breather on Thursday, and it was a dull session. "There is only one problem with this benign market. You still need to feed the bull, and there just is not enough news flow to move the needle at the moment," said Cramer.
J. M. Smucker (NYSE:SJM) rallied 8% in strong earnings, thanks to the acquisition of Big Heart Pet Brands. Restoration Hardware (NYSE:RH), on the other hand, delivered a poor quarter, which led to the stock falling 21%. Williams-Sonoma (NYSE:WSM) fell on pin action in the group. "Believe me when I say that nothing has changed at Williams-Sonoma in the last few weeks," added Cramer.
This left the market to trade on macro themes. Oil was around $50, and Cramer will be watching the rig count number on Friday. "Oil is the most important gauge of this market, and an oil decline pretty much eliminates any upside," said Cramer.
Apart from that, Cramer likes Honeywell (NYSE:HON) and Johnson & Johnson (NYSE:JNJ) due to the weakening dollar, and Lululemon Athletica (NASDAQ:LULU) and Ralph Lauren (NYSE:RL), since they are doing better than the retail trend is.
Finally, Apple (NASDAQ:AAPL) was the only stock that went up by 1% after a slump in mall traffic, since only Apple's store remains crowded. "I learned early on, 'never short a dull market.' Since this may be the dullest market I have seen in ages, what can I say? The thing is resting, working off all that bullishness. And nothing more, or less for that matter," concluded Cramer.
CNBC released its fourth annual Disruptor 50 list of privately held companies, and Blippar was 9th on the list. The company is using technology to utilize what it calls discovery behavior through the use of augmented and virtual reality. Blippar's app allows the user to point the camera at any object and they get additional information on it, including where they can buy it and how it is connected to everything else.
Cramer interviewed company co-founder and CEO Ambarish Mitra to know more about the technology and what lies ahead in that field. Mitra believes there is suppressed curiosity in human beings; they walk around being curious about the objects around them, and it takes time to find information. Blippar is changing that. The company has 65M users and has advertisers like Nike (NYSE:NKE) and Coca-Cola (NYSE:KO), among others.
"Think about what it could be doing for the illiterate people in the world," he said. "That's where our long-term vision is. To bring in a sense of knowledge power in the world, and that is what this knowledge graph is doing," he added.
Mitra has come from a humble background and has experience in technology. "Everything I have ever built in my life has been empowerment-oriented. That is the person that I am, and I feel that there is a lot to give. Technology is genuinely the biggest equalizer in the world," said Mitra.
He also added that people like Elon Musk should not fear about Blippar's use of virtual reality. "This is human information that already exists. All we are trying to do... we are bringing parity and we are bringing distribution, which is really, really good for the world."
George Soros' preference for gold
Just because George Soros likes gold, that doesn't mean it's time to sell. Cramer is tired of negative billionaires. "They aren't the stewards of your capital. They aren't the be-all and end-all. They are simply people with a worldview that they are sharing with the media, so you shouldn't be blinded by the billionaire limelight hoping it will shine on you," he added.
Cramer said he couldn't recall a time when Soros wasn't negative on everything. It makes sense for investors to buy gold if they are negative about stocks. Other investors use gold as the insurance policy against market chaos. Cramer has always recommended exposure to gold by owning either bullion or the gold ETF (NYSEARCA:GLD) or Randgold Resources (NASDAQ:GOLD).
Soros deserves respect for his long-term track record, but he doesn't manage portfolios for everyone, Cramer explains. "He can be fickle. Maybe he changes his mind. You think you're going to get a call when that happens? No more than you would get a call from Carl Icahn before he decides to dump Apple," said Cramer.
You only have to get rich once, and then there is no need to take a chance with high-growth stocks. Soros is worth $23B, and naturally, owning risky stocks might not be a good idea for him. Don't take advice from someone just because they are rich. "The last thing Soros needs to do is find a new idea that might make him a fortune. He already has a dozen fortunes. Yet, the same idea could be very important to homegamers like you," Cramer noted.
"Do your own homework, come up with your own ideas, and if you like them, buy some. Even if George Soros is negative on the world."
Off the tape
Cramer went off the tape to review Arctic Zero, makers of ice cream alternatives for those with dietary restrictions. He interviewed CEO Amit Pandi to know more.
Pandi said that though everyone loves ice creams, not everyone can eat it. Arctic Zero takes care of that problem by creating alternatives. The company uses a proprietary process that blends fiber with natural sweeteners closely emulating ice cream. Its products are fat-free, lactose-free, GMO-free, gluten-free, low glycemic and kosher.
Arctic Zero is a six-year old company which is self-funded and has no venture capital. The company has 20 products on the market, with more flavors coming soon. Its products are available at Wal-Mart and Whole Foods too.
Viewer calls taken by Cramer
Kinder Morgan (NYSE:KMI) and Ensco (NYSE:ESV): Both are not good stocks, as both were not able to maintain their dividends. The best-of-breed in the group are Chevron (NYSE:CVX) and Schlumberger (NYSE:SLB).
Amazon (NASDAQ:AMZN): There is never going to be another Amazon, and hence, it does not trade like any other stock. It's a cult stock.
Yahoo (NASDAQ:YHOO): There are going to be multiple bids, and hence, investors should hold on to it.
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