Transcript
Wayfair Announcer (0:00)
Homes.com knows that when it comes to home shopping, it's never just about the house or condo. It's about the home. And what makes a home is more than just the house or property. It's the location and neighborhood. If you have kids, it's also schools, nearby, parks and transportation options. That's why homes.com goes above and beyond to bring home shoppers the in depth information they need to find the right home. And when I say in depth, I'm talking deep. Each listing features comprehensive information about the neighborhood, complete with a video guide. They also have details about local schools with test scores, state rankings and student to teacher ratio. They even have an agent directory with the sales history of each agent. So when it comes to finding a home, not just a house, this is everything you need to know, all in one place. Homes.com, we've done your homework.
Wayfair Family Member (0:49)
Hey y'.
Jim Cramer (0:49)
All.
Wayfair Family Member (0:49)
As a growing family, my husband and I love game night. Especially when it's Wayfair edition.
Wayfair Game Host (0:54)
Let's do it. You gotta name as many Wayfair furniture and decor categories as you can. Ready?
Wayfair Announcer (0:59)
Go.
Wayfair Family Member (1:00)
Sofas, bar stools, beds, ottomans, outdoor seating, bookshelves, kitchen tables, garden sheds, mid century modern lamps.
Wayfair Announcer (1:07)
Time.
Jim Cramer (1:08)
Nice.
Wayfair Game Host (1:09)
You got nine out of a lot. Not too bad. Keep practicing by visiting Wayfair.com where you can shop every style for every home.
Wayfair Family Member (1:16)
Wayfair, every style, every.
Jim Cramer (1:42)
Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramerica. I'm good with my friends. Hey, I'm just trying to make a little money. My job is not just entertain, but that's get to teach you show how it works. So call me at 1873 CNBC. Tweet me Jim Cramer. When you get an unemployment report that's basically unmedable. It allows you to focus on what's really happening in the market. And what's happening is once again a broad based rally that encompasses many different and often overlooked areas that didn't get much love last year. And that's how The Dow rallied 238points. S&P gained 0.65%. The Nasdaq jumped 0.82%. We've seen breathtaking rallies in the data storage stocks. We also have some stocks that simply can't lift. And I got to mention Apple and video. I know you want to know if it's over for these two members of the Magnificent Seven. I come at a totally different way. I think both Apple and Nvidia, the companies are humming along, making a lot of money. It's simply that money managers need to sell something old if they want to buy something new. So their stocks become what is known as a source of funds. You know, it's a time honored tradition. The beginning of the year. I've seen it happen in January repeatedly over the years. You just have to wait these two out. You'll know when the selling is done. It's truly not over yet or the stocks wouldn't start rolling over every day from the get go. And you see it as well as I do. I say own Apple and own Nvidia. Don't trade them. Nothing's changed for me, as members of the CNBC Investing Club know all too well. Are they the house of Pain? Wrong address. Okay, let's go to work here. Now, what are we doing next week? Well, first of all, we are headed at the beginning Sunday morning. I'm going up to a week at the beginning of the J.P. morgan Health Care Conference. Okay, now look, this is a really special event and it's way too important to miss. I'm going to interview a dozen CEOs to see what their plans are for the new year. Historically, this is a conference where people announce grand plans, including mergers and acquisitions. I've seen a bunch of stories break there over the years. I'm going to cover all the breaking news, especially the acquisitions. There could be a lot of them at this conference, maybe some big biotechs, too. One thing I can say about the J.P. morgan Health Care Conference, it's a market mover. You don't want to miss it. Some of these companies are going to announce things that are going to blow you away. Tuesday morning starts with the December Consumer Price Index. And it matters. Today we had an inconsequential set of Labor Department figures that didn't really impact the stock market. I don't think the CPI will be weak. We're getting some indication that the holiday shopping season was very strong, the strongest in years. Look for some tension between the president who's trying to contain inflation and the consumer who's born the brunt of it, with the Federal Reserve in the middle trying to figure out if it's safe to keep cutting interest rates in a rising inflation environment. Tuesday also marks the start of earnings season with none other than the quarterly report of, yes, JP Morgan. Now, I am worried about this conference call, not the quarter, the call. The stock's coming in red hot and I don't think the company will be as brilliant as the stock would indicate. You got to remember, CEO Jamie Dimon has a certain style. When things are good, he likes to talk about what could go wrong, not what could go right. Things are good. That orientation is what often terrifies people. Though I would emphasize I think JP Morgan's actual quarter will be amazing. But that's not the point. Jamie's cautious comments crushed his own stock last quarter. He could do it again. Remember I told you, buy it into that weakness. I hope I can be as Clearboy at this time. My suggestion is wait to see if Jamie's worried, cautious, even pessimistic. Watch the stock go down. If that happens, you can pounce on some of it at the end of the day and you buy some and then you may have to buy some the next day. That's what happened the last pattern. Delta reports too. And I got to tell you, the airlines are putting up some terrific numbers. I expect a fine quarter from Delta as it's arguably the best run airline. Wednesday morning we get not one but two key numbers. Okay, we get the retail sales and the producer price index. Now these numbers like the CPI on Tuesday, could give the Fed cover to bless us with rate cuts. Of course, there's a caveat here. Unlike the cpi, these numbers are on a delay. They're from November thanks to that backlog from the government shutdown. I think December was a strong month in the country with big holiday spending that will not be included. Wednesday also brings more bank earnings. The star most likely will be the one that's been the star for a while now. Citigroup. It's gone from ugly duckling to beautiful swan. But the analysts haven't caught up with the new numbers yet. So it just keeps surprising the upside. We get the upside estimate revisions and then the stock flies, you know. But it's not the only one. We also hear from Wells Fargo, which we own for the Travel Trust. Now this bank stock has been fabulous to us. And Charlie Scharf, the CEO of Wells, has pivoted the bank from a plain old banking company to a full corporate and individual bank which which includes a lucrative merger and acquisition practice. They're on the Netflix deal. Wells is constantly paring costs and surprising us with its efficiency. I am optimistic. Maybe he talks a little about how is helping them. He's a visionary. Charlie. Bank of America reports to it's been consistently good with very few surprises. I expect none this time. Just a solid growth quarter that will help drive up the stock over time. Thursday we'll get some fireworks. Two investment banks, Goldman Sachs and Morgan Stanley should both report excellent numbers. The amount of activity in Financial markets is unusually strong. The asset gathering Morgan Stanley has been extraordinary. Ted Pick good job there. Goldman's takeover business should be tremendous. David Solomon I expect both numbers. I expect number increases for both Goldman and Morgan Stanley. We also get to Hear results from BlackRock. Remember, they have the most money under management of any company on earth. These guys have been emphasizing all sorts of new kinds of funds. So in the large prosecutory of money reports, I think I'll be able to be over a pretty good number. Unfortunately, in a period when some banks are reporting extraordinary quarters that might not be good enough for this Travel Trust holding stocks within the same sector compete with each other for dollars and right now the banks are running circles around the rest of the financials. Taiwan Semi reports Yes, and that's the manufacturing partner of both AMD and Nvidia. It should be a monster quarter but I think everyone knows that. I want to point out that Nvidia stock has been incredibly weak despite a steady drumbeat of good news. Maybe a strong quarter from partner Taiwan Semi can help shake off some of the sellers. The winners in the Semi area so far though have been the opposite of the very complicated Nvidia. Their data storage simple names like Western Digital, Sandisk and Seagate. Also a little more complicated. Micron. These are the companies right now that are moving up along with the semiconductor capital equipment companies. To that I'm focused on Applied Materials and LAM Research. After the close we hear from truck giant JB Hunt probably seen their trucks on the road. I think this group is finally broken out of its doldrums the freight recession. I don't typically recommend truckers very hard business but a good number from JB Hunt emboldens me to keep pushing. Federal Express, FedEx what a winner that's been. Raj Submarines just done a fantastic job there. On Friday we get a big bank break when we can focus on just pnc, a regional bank that's been an up and down performer for years where it did nothing but go up. I prefer the other bank stocks. Now the beginning of earnings season sets the tone for bushel of quarters ahead. It makes sense. The banks always kick things off and it's reasonable to extrapolate all sorts of trends for consumers, right? Corporations for the financials. The bottom line, a strong start to earnings season could lead to a nice tone going forward. Yes, you can take your cue from the bank earnings and you know what? I bet they'll be darn good ones. I want to start with Gregory in California.