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Stephanie Huang (0:00)
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Caller (1:05)
New York next week.
Jim Cramer (1:07)
Oh yeah, Boeing. I've been scaling out of that one. It's been on a decline and I thought with the news out today, it should have bounced higher.
Stephanie Huang (1:14)
I'm out of the name, stock fix and weather forecast.
Jim Cramer (1:16)
Thanks for watching fast. Hey, I'm Kramer. Welcome to Mad Money. Welcome to Crame America. Other people want to make friends. I'm just trying to save you some money. My job is not just to entertain, but to educate, to explain. So call me 1-800-743- CNBC. Tweet me at Jim Cramer. Oil will come back down. I don't know if it'll be this weekend, but at some point it's going to pull back because there's just way too much of it. That's why stocks, which started the day off horrendously as oil shot up into the 90s, managed to bounce off their lows, even if the ultimate session was ugly. With The Dow sinking 453 points, S&P shedding 1.33% and the Nasdaq falling 1.59%, Wall Street's convinced that this move in oil must be ephemeral, or I have to tell you, those numbers would be much, much lower. But with this war, strange things can happen. Iran still seems armed to the teeth with muscle, with missiles, with drones, and they want to shut down the entire Middle east petroleum. That's really what's going on here. It's why oil skyrocketed. It's something that Iran can still do, perhaps the night where they think at least pressuring President Trump to stop prosecuting the war. Now, we obviously don't know how long the war will last, though, and oil has a mind of its own. As long as prices stay elevated, any other asset class could be standing on quicksand. When oil goes up, stocks go down. Period. End of story. So let's start our game plan for next week with a recognition that oil's rally was so easy it just burst right through the 90s that it wouldn't shock me if it went even higher, especially if the shipping companies refused to go through the Strait of Hormuz even after being offered insurance. You know what, the captains may be willing to risk going through that bottleneck, insuring the cargo, but letting the crew take the brunt of an Iranian attack seems wrong to me. I don't know why. I don't know how many people are going to take that deal. Now. I accept the stranglehold Iran has on the Persian goal. If the president were to open the Strategic Petroleum Reserve for a few weeks, then oil could be crushed. Unfortunately, the reserve's at half capacity right now. Maybe not enough to last through the entire conflict if President Trump keeps insisting on Iran's unconditional surrender. Presumably. Unless something truly horrific happens over the weekend, though, we'll be back dealing with stocks, looking for those that might be immune to the pain from higher oil and the pump. So let's start with one that I think is. Let's start with Casey's, the shorthand for the 2900 store chain that lives in all so many small towns in America. By the way, the breakfast pizza is fan favorite. We tried it. We liked it here. Casey sells gasoline, too, so someone may want to spin that as negative, but I think the crowd will love it when it reports after the close. It's the best chain of stores that nobody on Wall street has ever heard of. Or of course, gone to. Tuesday morning we get results from Kohl's and this earnings season has been kind to almost all the retailers. Kohl's new management will most likely be treated well. I like to buy inexpensive quality and we got some real great numbers from the last few weeks from solid discounters like Burlington. Boy, that was really good. Ross Stores was even better. TJX was strong. I don't know if we actually need calls, but it could be the beginning of rebuild. That's worth watching after the close. Wow. Big one. Oracle reports this one's a total pain point ever since it decided to go all in on building data centers. The plan was hatched back when the stock was in the low 100. Then it soared to $345 as we learned that Oracle had huge orders to build data centers all over the country, including a gargantuan one from OpenAI. But when Oracle took down a gigantic amount of debt to do the build out, investors started getting worried. The stock's now been more than cut in half since then. It's no exaggeration to say that Oracle is the most important company reporting this week. We need to hear that the data centers build out is going well and the company starting to make money or maybe soon. I don't know. I wouldn't mind if they sold that Cerner medical records business they bought even if they got less. Less money than they paid for. You know what? Hey, why don't I get the full skinny on what's really going on at that Oracle mega data center place in Open that they're doing with Open Air in Abilene, Texas. A lot of chatter about how open. I may not want to do more at that site. I don't know. I want to find out more. I want Oracle to tell me because I've got to tell you. The story that appeared this afternoon that there might be trouble did knock down all the hyperscalers and all the semis in a blaring last hour of trading. I don't know may not be true. We also hear from aerovironment and this one's timely. We have lots of defense stocks just going higher and higher, led by Lockheed Martin. That's big hardware, by the way. I like RTX too. If you want drones though, and I know many of you do, you do buy the stock of AeroVironment. It's a longtime Kramer fave, but things don't seem right here. November of 2020 for this company announced a deal to acquire blue Halo for $4.1 billion to exploit that company's counter drone technology as well as its satellite abilities. Blue Halo has a big contract with the Pentagon for satellite work. The stock was pummeled recently though when we heard that the contract will be rebid. Now we got to find out what's really happening here. I think our environment has terrific technology, but we need to learn more about Blue Halo because without that contract, maybe these guys paid too much for the acquisition and the stock is overvalued. I want to know, Melanie, one other thought. Helmet Terrific aerospace parts company gives a presentation about its technology on Tuesday. It seems that almost every time this company speaks, its stock jumps. We joke about how much helmet is love even Go as far as to give it a nickname for how met. How I met your mother. I think you can own it with a little risk and a lot of love. Right here. It's just in the sweet spot where Wednesday. All right. Consumer Price index. I'm wondering. We'll just ignore it because of the oil. The run in oil? I hope not. Because some of the key components, insurance, food, rent, they're going lower. It's vital that inflation at least give the appearance that it could go down or else the Federal Reserve will struggle to justify more rate cuts because of what's happening with oil. I think the economy and the market both need lower rates. Look at that. Today's lackluster employment report. A lower CPI will allow incoming Fed chief Kevin Wash and to convince voting members that they need to keep cutting rates. I bet we get a soft number. I just don't know if it will matter. The food stocks have been horrendous of late. One of the worst is Campbell's, which has salty snacks, baked goods and of course, soups. This darn thing's only worth $7.7 billion now. Despite that acquisition of Rao's, which has been a home run for the company at 6% yield, looks real safe. But the issue, the real sticking point is, is that Campbell's earnings are suspected to be down in 2026. And money managers don't like to buy the stocks of companies that are going up, down years. Plain and simple. Thursday we get reports from three that I like. Dick's Sporting Goods, Dollar General and Ulta Beauty. Dick's on a big winning streak when it comes to the numbers, but not the stock. All this week though, if a retailer reported a good number, its stock was rewarded. So maybe this can finally blast off for the same reason. I think you can buy both Dixie, Dollar General and Ulta Beauty unless oil makes a quick run to 120. These fit the description of what's working. Your bargain offerings. Real bargains. They have them. As long as the price crude doesn't go insane, it will matter. And these will go higher. Finally, on Friday, we got the most important figures for the week. It's called the Personal Consumption Expenditures Data PC, which is the Fed's preferred way to measure inflation. Again, we're not able to predict oil, but exile. This one should go for the bulls. Here's the bottom line. It is tough to make judgments about the market when we don't have a clear sense of where this war with Iran is headed and what's going to happen in oil but we can still make judgments about individual companies. To me, what's amazing is that oil did skyrocket 35% in one week. By the way, that was the most in one week ever. And yet the market didn't crater. Maybe that and not the oil premium is the real takeaway. Let's take calls. Let's go to Bobby in North Carolina. Bobby.