Under Armour: Cramer still preferred competitor Nike’s stock over Under Armour’s ahead of the latter’s Tuesday earnings report.
“It’s Under Armour’s bad luck that they compete against one of the best-run businesses on earth,” he said.
Molson Coors: The “Mad Money” host also didn’t expect much from Molson Coors’ quarterly results, though he did note that the beer brewer’s report could affect pot stocks.
“I think the cannabis stocks could be in play because this company understands it may need to take a bigger plunge into the marijuana market than the tire-kicking it’s done so far,” he argued. “See, the Canadian cannabis stocks started to roll over this week after an incredible run, but the fact is they are really serving as beer replacement[s] in a lot of states.”
Occidental Petroleum: Even though he called Occidental “one of the healthier … oil companies” out there, with “fabulous” properties in Texas’ oil-rich Permian Basin, Cramer preferred a different energy play.
“I like BP more if you want to own an oil because it has a higher, 5.8 percent yield,” he said. “That’s a full percentage point above [Occidental]. Believe me, with oil looking like it is going back to the $40s, you’re going to need some yield protection.”
Twilio: The action in shares of Twilio, a cloud-based communication enabler that works with the likes of Airbnb and Lyft, concerned Cramer ahead of the company’s Tuesday earnings report.
“[Twilio] represents, I think, maybe the best growth stock in tech right now,” he said, adding that he’d like to buy shares for his charitable trust. “But […] the stock is running right up into what we call ‘the print’ — it gained more than 4 [basis] points today alone.”
“I want this stock to be lower to buy, but I bet the quarter’s a legit blowout like the last one,” he added.
Activision Blizzard: Could this video game maker be capitalizing on the battle royale trend set by Fortnite like some of its peers? Cramer’s eager to find out when Activision issues its quarterly results Tuesday evening.
“Activision’s stock has lost nearly half of its value since October, but I think EA put a floor under the group today, which means this one might be worth speculating on,” he said.