Lowe’s: Even though Lowe’s has had some strong earnings results of late, Cramer didn’t want to recommend the retailer’s stock ahead of its report.
“I don’t believe Lowe’s is performing at the level of Home Depot, and I think the Home Despot didn’t get nearly the credit it deserved after reporting its blowout quarter. So why take a chance with the likely inferior Lowe’s?” he said.
Salesforce: Shares of this Cramer-fave cloud play have run ahead of its Tuesday earnings report, but the “Mad Money” host still excepted a big quarter.
“Every year I go to Dreamforce in San Francisco, that’s their tech festival, and each time I’m blown away by all the new clients and all the business they’re doing around the world. I think Salesforce goes higher, as CEO Marc Benioff just keeps winning contract after contract, but please don’t buy the first tick of the trade if it’s up,” Cramer said.
HPE: Cramer felt “uneasy” about Hewlett Packard Enterprise ahead of the tech company’s earnings report on Tuesday because of its cohort of competitors.
“I’m as negative on it as I am positive about HP. That’s the one that’s got the PC and the printers, and it continually blown away the numbers,” he said. “That thing’s been a total beast and beasts tend to keep running.”
GameStop: Having spoken to an array of gaming companies and CEOs, Cramer was especially worried about this video game retailer’s earnings report.
“The digital world has really taken over,” he said. “I think there’s just not enough brick-and-mortar business left for GameStop to make a real go of it.”