In this article, we will look at Jim Cramer’s Mad Money game plan for the week ahead. The host of CNBC’s Mad Money said on Friday that the market is heading into a difficult stretch, with the coming week packed with major tech earnings.
This thing, this market is a beast. More accurately, it’s a beast if you own anything connected to the data center or anything named Intel… the most astonishing resurrection that I’ve ever seen from a major company. Now, the data center is a pretty broad term, encompassing everything from Google and Amazon to Meta and NVIDIA, and Broadcom and back again. Unfortunately, it sucks up most of the market’s oxygen. So, many other sectors have been suffocating, particularly healthcare. The move is so powerful that we found ourselves taking profits in stocks that far exceeded our price targets.
READ ALSO Jim Cramer’s 12 Stock Calls: GE Vernova, Arm, and Vertiv and Jim Cramer’s Mad Money Recap: 12 Stocks, Including RTX & Marvell
Cramer also highlighted that Wednesday will bring a Federal Reserve meeting, which he noted is the last one to be chaired by Jerome Powell. He mentioned that the Justice Department has ended its investigation into cost overruns tied to renovations at the Federal Reserve building. He also said that Kevin Warsh has been nominated by President Donald Trump. He added, “He’ll be good.”
So, here’s the bottom line: We’re coming into one of the toughest weeks of the year for a stock picker, for someone like me, because there’s just so many companies reporting at the same time. That’s why you need to stop, look, and listen before you take action. Conference call, not the headlines, will determine the stock price. Please, listen to the conference call or don’t do anything until the next day.
Our Methodology
For this article, we compiled a list of 17 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 24. We listed the stocks in the order that Cramer mentioned them.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Jim Cramer’s Week Ahead: 17 Stocks in Focus, Including Alphabet and Bloom Energy
17. Chevron Corporation (NYSE:CVX)
Chevron Corporation (NYSE:CVX) was on Jim Cramer’s Mad Money game plan for the week ahead. Ending his game plan with the company, Cramer said:
Finally, on Friday, let’s get boring. Chevron and Exxon are important. Now, these are usually placid affairs, but not this time. We’re going to listen closely, see if their plans have changed because of the war with Iran. I think these oil companies have classic long-term approaches, but they also know that you need to get the oil transported from one place to another. And now it’s easier to say get the oil out of Venezuela than it is anywhere in the Middle East.
Chevron Corporation (NYSE:CVX) is an integrated energy company that explores, produces, refines, and markets oil, natural gas, and petrochemical products. It is worth noting that when a caller inquired about Exxon on April 2, Cramer said:
Well, look, I think, you know, first of all, Chevron I like more than Exxon. I think they’re more forward-looking. So I would not, I don’t want you to cash out of Exxon for Chevron, but I’m just telling everybody else that’s the case. I think that, I’m going to speak as a portfolio manager myself for my Charitable Trust. I sold my oil, and it was a mistake, and it was clearly a mistake because we forget how important oil is to our country. We spoke to ONEOK today, just shows you the value of it. I think you should have one.
I’ve been trying to go back and forth with Jeff Marks about what to do. I would encourage you to stay in Exxon if you, if someone’s watching and listening and they don’t own one, go for Chevron. These are known as E&P plays, and I think you just own it, and take it from me as someone who wishes that he had not sold his one oil. It’s really good to have one. To be up 34% year to date is great… Just hold on. And new people who are thinking, wow, Jim really likes to own an oil, the oil that I like to own is Chevron.
16. Sandisk Corporation (NASDAQ:SNDK)
Sandisk Corporation (NASDAQ:SNDK) was on Jim Cramer’s Mad Money game plan for the week ahead. Calling the stock a rocket ship, Cramer said:
Two rocket ships blast off Thursday evening, Sandisk and Western Digital, up 317 and nearly 135% year-to- date… 317%, this is Sandisk. This is like low tech, okay? Can we really ask these stocks to do more? Yes, if they keep blowing away the numbers, and given the memory shortage, I bet they can keep blowing away the numbers.
Sandisk Corporation (NASDAQ:SNDK) sells NAND flash-based storage solutions, including solid-state drives, embedded storage, removable cards, and USB drives. On April 22, Cramer noted that he missed out on the stock’s rally, as he said:
I’m going to talk about 16 [stocks] that I was unable to land, couldn’t bring them in… They are so far away from where I first wanted to buy them that I just have to say I’m late, forget about them. Except that time after time it would’ve worked if I hadn’t forgotten about them, if I just bought them today or yesterday, the day before, a week before, a month before, whatever. Which are the tantalizing stocks that have just driven me to ruin? Let’s start with memory and storage, yeah, the devices that hold the data. You ready? You can write them down, but they’re so hot they’ll burn the paper. Seagate, Sandisk, Western Digital, and Micron. I liked all these…
Listen to me. These stocks are being driven up by desperate buyers with persistent orders that take them higher every day. And now I’m going to tell you how it works. Let’s say you want some Sandisk, okay, so do many other people. With the stock at, say $957, you go in, and you place an order like this $957, right? Sandisk, buy me 100,000 with a $1,000 top. A half dozen buyers are actually putting in that same order at the same time you are, literally. And that’s why the stock could rally 8.4% today, up 75 bucks.
These orders are often put in before the market opens. It’s like a train, and they don’t want to miss it. These orders and people don’t have any quit, and that’s how a stock goes up dramatically. Multiple buyers with high tops just buying and buying. Why do these memory stocks work? Simple, shortages. AI needs a huge amount of memory. Nobody in this industry was ready for that level of demand. It’ll take them years to build out enough production capacity to meet the demand.
