Jim Cramer - Mad Money

They report Monday. An apparel company that include Calvin Klein among its brands. We've become so used to disappointments from retail that we will glaze over if they deliver bad numbers. Estimates have been consistently cut for PVH, so there's little hope of a beat.

It reports Wednesday. It's a retail stock, a tough sector. It's fallen with the sector. Wait for the bounce, but in this market it feels like a bet and not an investment.

It reports Thursday. Their last quarter was disappointment. The above 5% dividend yield is a warning.

Nike has lost its edge. ON is a better company, and Nike's peers aren't standing still as Nike turns around.

Surprisingly is up 24% this year. Telcos are safe in a tough economy; they aren't cyclical and enjoy steady business (i.e. cell phones). Also, they pay pretty good dividends. That said, ATT was a value trap for record decades (high dividend, sinking stock price). But ATT has changed, no longer diversifying away from the phone business, but sticking with it. Last year, they sold their disastrous stake in DirecTV. Meanwhile, the wireless business has gotten less competitive, and so allowing them to raise prices to consumers. Last December's investor day projected 3% annual adjusted EBITDA growth, $18 billion free cash flow in 2027 to be paid in dividends (under 4%) and share buybacks. Their growth target in fibre broadband (they are market leader) is 45 million locations in the US by 2029 (3 million per year); these investments generate higher revenue per user. The buildout is expensive though, but ATT expects margin expansion out of it. The company is confident that Washington will give them tax incentives again. It's no longer a value trap.

They have a hideous balance sheet. They need to make money or find an investor.

He believes in the new AI-powered industrial revolution where everything needs NVDA's GPUs. However, he sees shares coming down from here, and tonight's tariffs make it worse. Trades below 25x PE this year is cheap. Expect turbulence.

Sells at 38x PE, so this will be down on today's tariff news, but buy it after all the tariff news.

He's liked it since the $30's. But trades at a high PE in the 30's like CMG. Buy weakness.

It IPOs on March 28. In 2025: $1.91 billion in revenues, $15.1 billion RPO and 96% revenue come from contracts that last 4 years. Not yet profitable, but moving in the right direction. Great growth, but what are previous generation GPUs worth, how concentrated are its customers and will demand for computer continue? He thinks demand for AI infrastructure will stay strong for a long time, so he's interedsted in CRWV. The IPO price if $47-55, but it lacks profits. Grew 700% last year, and projects 200% in 2025. So considering enterprise value, you can buy this in the $50s, but not $60s.

It IPOs on March 28. In 2025: $1.91 billion in revenues, $15.1 billion RPO and 96% revenue come from contracts that last 4 years. Not yet profitable, but moving in the right direction. Great growth, but what are previous generation GPUs worth, how concentrated are its customers and will demand for computer continue? He thinks demand for AI infrastructure will stay strong for a long time, so he's interedsted in CRWV. The IPO price if $47-55, but it lacks profits. Grew 700% last year, and projects 200% in 2025. So considering enterprise value, you can buy this in the $50s, but not $60s.

The last quarter was bad and put them in the penalty box. Buy Dell instead.

Reported a great quarter on Q3 with a modest top and bottom line beat and positive conference call. Shares popped 4% today.

A long-term position for him. He's betting on the CEO who is switching to a more lucrative model. Great technology.

The merger with Family Dollar never made sense, and he never liked FD. This has led to $8 billion in losses. Shameful. They never had a plan to integrate.