“To some degree, I think that’s wishful thinking,” the “Mad Money” host admitted on Friday. “But, hey, wishful thinking worked when it came to the unlikely progress between North and South Korea, so maybe this optimistic spin on trade makes more sense than the pessimistic one.”
Cramer wasn’t sure how investors’ moods would change going into next week. But he knew what he would be watching, so with that in mind, he turned to his weekly game plan:
Mazor Robotics, an Israeli company that manufactures robots that help doctors perform spine surgeries, will report earnings on Monday.
“I like to think of Mazor as the son of Cramer-fave Intuitive Surgical, … which has had a multi-year move,” Cramer said, reminding investors of his recent call that Mazor’s stock has become too expensive.
“We should wait for it to come down,” he said. “Let’s see what they have to say.”
Cramer has long been dazzled by the quarterly results from Home Depot, which will report earnings on Tuesday. With gardening season underway, Cramer expected a blowout.
“I bet Home Depot will have remarkable quarter, just stellar, thanks to tax reform, new construction, and the refurbishment of older stores,” he said. “Its conference calls have been pure joy for ages, just fantastic expositions of what’s doing well and how management views the state of the consumer.”
Macy’s: Shares of Macy’s were downgraded to “sell” from “hold” on Thursday due to potential sales weakness and the idea that profits from real estate sales were behind the company, but Cramer wouldn’t bite.
“I think both of these views are actually wrong,” he said. “Gennette still has plenty of optionality with real estate and he’s just beginning his overhaul of the chain, with an emphasis on local neighborhoods and much more curated fashion.”
Take-Two Interactive: Cramer expected continued strength from video game maker Take-Two, which will launch a new game in its Red Dead Redemption franchise later this year.
“I can’t wait to hear that call,” the “Mad Money” host said ahead of the earnings report.