Friday Night's Show Highlights:
The Game Plan next week? Apple and so much more!
Friday, October 17, 2014
Providing you important Mad Money show recaps, stock recommendations and comments for the Wed., Thurs. and Friday night shows, including the Game Plan for the coming week...
Jim: Today is a perfect example of how, when some things go right, namely the possibility of avoiding a worldwide recession, or a sense that the federal government is at last taking decisive action against Ebola, we can focus on what we do best in Cramerica... spotting the top companies to invest in.
That's why, when we got a terrific series of earnings reports today, as the geopolitical smoke cleared, we could rally as hard as we did, with the Dow rocketing 263 points.
Now later tonight, I'm going to go over my checklist of positives that I think are creating an investable bottom... not a trading one. But if earnings are front and center going forward, then we have a ton to focus on. In fact, I regard next week as the single most important week of earnings season. It's only come down four times a year.
Let me give you the Game Plan...
It starts off, yes of course, with the earnings of Apple, the biggest company in the world. And let me tell you, still on of the most undervalued. Of course, when companies report even the best earnings on a day of a major selloff, traders take their cue from the action, not from their homework, and presume the worst... something I'll explain in more detail later in tonight's show. I think the same thing happened to Apple when it announced some very exciting new tablet products yesterday to reignite that slipping category. Apple's refreshing the entire iPad product line, and offering some catchy new items to go with its new iPhone6. And right now... well, yesterday at least... no one seemed to care. When it comes to Apple, my view remains very simple. I say, you don't trade it. You own Apple. And one of the reasons you want to own it is for next year's sales of the kind of product that was introduced yesterday. You don't own it for this past quarter. It's just not that significant. Now, is you haven't bought Apple after watching my show for the last 10 years, or nine and a half, why don't you wait until after it reports, when some bearish analyst, and there always are, and some loser commentators, will likely give you a bargain with their myriad reasons about why Apple has peaked. Apple's too cheap to peak. Let them take it down though. They always seem to want to be so important. Let them do it. It's your opportunity...