Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Friday, May 15.
"This market has to be experiencing the most debilitating rally I have ever seen. We keep going higher, but we go higher with different stocks, a fluctuating, rotating, and most of all confusing leadership that makes it unfathomable on days like today," said Cramer. The economic numbers also showed that the economy is not gaining strength and that's the reason money has been rotating in stocks.
Investors are selling retailers and restaurant stocks and buying international stocks. With that, Cramer discussed his game plan for the week:
Bullish
Advaxis (ADXS) (Lightning Round)
Blackbaud (BLKB) (discussed)
Cisco Systems (CSCO) (discussed)
Citrix Systems (CTXS) (discussed)
EOG Resources (EOG) (Lightning Round)
Federal Realty Investment (FRT) (Lightning Round)
HomeAway (AWAY) (discussed)
Kohlberg Kravis Roberts (KKR) (Lightning Round)
Netflix (NFLX) (featured)
Northrop Grumman (NOC) (Lightning Round)
Performance Sports Group (PSG) (CEO interview)
Phillips 66 (PSX) (Lightning Round)
Qualcomm (QCOM) (discussed)
Receptos (RCPT) (discussed)
Red Hat (RHT) (discussed)
TG Therapeutics (TGTX) (Lightning Round)
The Blackstone Group (BX) (Lightning Round)
Twitter (TWTR) (discussed)
Ventas (VTR) (Lightning Round)
Bearish
Emerge Energy Services (EMES) (Lightning Round)
Realty Income (O) (Lightning Round)
Ship Finance International (SFL) (Lightning Round)
Statoil (STO) (Lightning Round)
Sturm Ruger (RGR) (Lightning Round)
Netflix (NFLX) is not expensive / Cramer's Mad Money Stock Picks Recap
HomeAway : Cramer said the move for this stock is only just beginning.
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-- Written by Scott Rutt in Washington, D.C.
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Monday
Urban Outfitters (NASDAQ:URBN): The company has been on fire lately with all its brands performing well. Cramer thinks the stock is a buy at $7.
Tuesday
Home Depot (NYSE:HD), TJX Companies (NYSE:TJX) and Wal-Mart (NYSE:WMT) report on Tuesday. "The thing you need to know, though, is that these stocks are priced exactly the way the companies are ordered," said Cramer. He expects Home Depot to do well, TJX's European business will blow it out of the water and Wal-Mart is priced for disappointment. He expects a good risk-reward for Wal-Mart though.
Wednesday
Target (NYSE:TGT): Target has fallen to $78 from $83 and this creates an opportunity for investors to create half a position on Monday and half after earnings. He expects Target to do well.
Williams-Sonoma (NYSE:WSM): Last time it reported problems with West Coast slowdown and expected the issue to continue in this quarter. But Cramer knows that they are good operators and he is not willing to bet against them.
Lowe's (NYSE:LOW): It's like a parity trade with Home Depot. Both are that good.
Salesforce.com (NYSE:CRM): Cramer does not know what to expect with rumors of acquisition. He likes the stock because of the company's vision and not takeover news.
Thursday
Dollar Tree (NASDAQ:DLTR): Cramer is expecting a strong quarter.
Hewlett-Packard (NYSE:HPQ): "Whatever they say will be overshadowed by the fact that the company is splitting up," said Cramer. It won't matter if they report a bad quarter. The real problem it has is competition from Cisco (NASDAQ:CSCO) and no one would want to compete with Cisco.
Friday
Nike (NYSE:NKE) and Foot Locker (NYSE:FL): "It's a good bet regardless of the rotation."
Deere (NYSE:DE): Cramer is not a fan.
Campbell Soup (NYSE:CPB): It has missed the boat on organic movement. It should have acquired WhiteWave (NYSE:WWAV) or Hain Celestial (NASDAQ:HAIN) by now.
Bargain Stocks
"The world still loves a bargain,' said Cramer. He discussed stocks that he thinks are a bargain based on the long term.
Netflix (NASDAQ:NFLX) is a bargain stock. "The darned thing sliced through $600 like a hot knife through butter, and I think it's not done going up," said Cramer. Netflix is a subscriber story and the number has been growing steadily. The recent entry in China could send the stock higher, not because of its earnings capacity but due to the market opportunity. Cramer thinks the market cap of the company is too small considering the worldwide opportunity. This stock cannot be judged on P/E, but Total Accessible Market - TAM.
The other stock that is a bargain is Amazon (NASDAQ:AMZN). Cramer is addicted to Amazon Prime as it offers values and bargains.
The third stock is Costco (NASDAQ:COST). It is Cramer's go-to store for staples. He is willing to risk lines and pay double the membership fees just because he gets a lot of deals which save money.