As retail stocks drag the market down on weak earnings reports, Jim Cramer feels like some stocks will need positive news from Washington policymakers to see any real upside.
“But on a case by case basis, there’s still plenty to cheer about with individual stocks,” the “Mad Money” host said.
That’s why Cramer is looking forward to Tuesday, when next week’s onslaught of retail earnings begins with one unexpectedly promising name.
“Tuesday marks the beginning of next week’s retail gauntlet — boy, it doesn’t end, does it? — and it starts with the least Amazon-able of all the major retailers. It starts with the despot, Home Depot,” Cramer said.
Because the retailer deals in home improvement products and tools, Cramer has always liked this stock versus the other struggling names.
“I always encourage people to buy this stock, but not all at once because you know what? Home Depot, up here, [has] become quite volatile. So maybe you pick up some Monday and then some after they report,” he advised.
Even though some on Wall Street are predicting a turnaround for Target and blessing the stock because of its seemingly safe 4.3 percent yield, Cramer is not so convinced about what its Wednesday earnings report will bring.
Yet another tech name benefiting from the rise of the cloud, Cramer expects excellent numbers from Salesforce.com’s Thursday earnings report.
“Remember, the stock does act weirdly, though, even on good quarters, so don’t attempt to trade it. Just own it,” Cramer advised.
Cramer says that Foot Locker is one of two stores that is bucking negativity around mall-based retail. After Kohl’s management said business from Under Armour and Nike was good and Adidas reported a strong quarter, Cramer expects positive things from Foot Locker’s Friday earnings report.
Data visualization may sound complex, but for new Tableau Software President and CEO Adam Selipsky, his company’s world-class platform can be applied to everything from a baseball team to a liquor company.
“What we’re really about is helping people see and understand data, and then eventually taking action based on that,” Selipsky told Cramer on Friday.
Selipsky nodded to his company’s recent partnership with the Texas Rangers, who previously received data from a series of jumbled sources including individuals’ Excel files that were difficult to share and integrate into their operations.
“With Tableau, everybody can pull from the same data sources, can share views of their data. They’ve got full tracking of who’s coming to the ballpark, what they’re buying at the ballpark, what’s…