CNBC’s Jim Cramer previews next week’s earnings reports from companies such as Target, Kohl’s and Foot Locker. The “Mad Money” host also chats with LivePerson CEO Robert LoCascio, who discusses how artificial intelligence has changed the way customers interact with companies. Later in the show he explains why both Wells Fargo and Walmart are worth buying.
Earnings from Macy’s and Target … plus a trade deal?
Macy’s store in New York City.
SOPA Images | LightRocket | Getty Images
There are a number of important earnings reports out next week, from companies such as Macy’s and Target, but CNBC’s said he’ll be paying attention Monday to potential developments in trade negotiations between the U.S. and China.
The “Mad Money” host said he does not think a deal is totally out of the question. In fact, the stock market is really counting on one, he said.
“After still one more bullish week … this market needs a win in these negotiations with China,” Cramer said. “If we don’t get something positive, I think the whole edifice will start to crack.”
A.I. is changing how customers talk with companies
Robert LoCascio, CEO of LivePerson.
Adam Jeffery | CNBC
2020 is going to be a big year — for artificial intelligence.
At least, that is what CEO Robert LoCascio told Cramer.
“When we think about 2020, I really think it’s the start of everyone having [AI],” said LoCascio, who explained that his company is allowing consumers to “message your brand like you message your friends and family.”
Here’s why Walmart is a buy
Cashiers ring up shoppers at a Walmart store in Burbank, California.
Patrick T. Fallon | Bloomberg | Getty Images
Retail stocks have seemingly gone “completely crazy” lately as recession fears calm, Cramer said.
With Macy’s flying and Walmart facing friction, “it’s like the world’s been turned upside down,” Cramer said.
But Cramer said Walmart, which just reported a strong quarter, is worth buying while it is tangled up in this moment of retail reshuffle. That’s because the rotation will eventually reverse, Cramer said.
“I’m going to give you my blessing to start buying some Walmart right here. Do it slowly,” he said. “It’s ultimately the big winner.”
Cramer’s lightning round
In Cramer’s lightning round, the “Mad Money” host advised callers on their favorite stock picks of the day.
Wells Fargo: “I am a buyer. Why? Because Charlie Scharf be running that.”
: “I was wrong .. I said is no good, and Cronos has got all that money from , so if you want to own … a cannabis stock, that would now be the lower risk one. It turns out there is no lower risk cannabis stock. This stock is cheap on every single basis other than earnings. I said it’s got a lot of cash, it’s doing a lot of things right. But it’s cannabis and that turned out to be a bust. Maybe one day it won’t be.”