Raphael Stevens

Monday – Friday, 6:00 – 7:00 PM ET

It’s that time again! “Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.

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Mattel Inc: “Mattel I like so much, I think it’s got a great, bright future. … Sell off a little bit from the top. Buy.”

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Braskem SA: “I’m turning against the commodity stocks, and that is pure commodity. So I’m going to say you’re okay, but don’t overstay your welcome.”

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Monday – Friday, 6:00 – 7:00 PM ET

CNBC’s Jim Cramer on Friday offered a list of nine discounted retail stocks that he believes could be great additions to investors’ portfolios.
“Today we saw many of these discounted retailers rally nicely, but it will take many more days like today before these stocks come close to being expensive again. So, I would give any one of these a look,” the “Mad Money” host said.

CNBC’s Jim Cramer on Friday offered a list of nine discounted retail stocks that he believes could be great additions to investors’ portfolios.
“Today we saw many of these discounted retailers rally nicely, but it will take many more days like today before these stocks come close to being expensive again. So, I would give any one of these a look,” the “Mad Money” host said.

Cramer’s comments come after the Dow Jones Industrial Average on Friday inched up 0.4% while the S&P 500 declined 0.27%. The Nasdaq Composite dropped 1.34%.
To come up with the list of retail stocks, Cramer started with a list of every retailer in the S&P 500, the S&P Mid-Cap 400 and the S&P Small Cap 600 before taking out every company with a market cap below $1 billion. 
Then, he took out the names with stocks selling for more than 10 times earnings, and also gave the boot to GameStop and Bed Bath & Beyond because they have no price to earnings multiple and are expected to lose money this year.
Cramer then whittled down the list even further to companies that meet the following criteria:

Does not have a debt to EBITDA ratio over three
Does not have an earnings forecast this year that is down more than 20% from last year
Did not miss the numbers when reporting their first quarter results
Does not have a dividend yield under 1%

Here is the list of nine retail companies that fit the bill:

Macy’s
Signet Jewelers
Buckle
American Eagle Outfitters
Dick’s Sporting Goods
Kohl’s
Williams-Sonoma
Bath & Body Works
Best Buy

Disclosure: Cramer’s Charitable Trust owns shares of American Eagle Outfitters.
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Disclaimer

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United Airlines doesn’t expect to fly dozens of Boeing 777 jets, grounded more than a year ago after one suffered an engine failure, until at least mid-May.
The airline had most recently planned for at least some of the planes to return to service this month.
United’s Pratt & Whitney-powered 777s were taken out of service after an engine failure shortly after takeoff from Denver in early 2021.

The damaged starboard engine of United Airlines flight 328, a Boeing 777-200, is seen following a Feb. 20 engine failure incident, in a hangar at Denver International Airport in Denver, Colorado, U.S. February 22, 2021.
National Transportation Safety Board | via Reuters

United Airlines doesn’t expect to fly dozens of Boeing 777 jets, grounded more than a year ago after one suffered an engine failure, until at least mid-May. The airline had most recently planned for at least some of the planes to return to service this month.
The further delay in the planes’ return is a challenge for United as it seeks to fly as many travelers as possible during what airline executives expect to be a bustling spring travel season, including a resurgence international travel. The jets are among the largest in United’s fleet.

“Due to the delay in the return of our PW777 aircraft to active service, the May flight schedule is being reconfigured to account for the lack of these aircraft,” United said in a note sent to pilots on Friday and viewed by CNBC.
In February 2021, one of United’s 777-200s bound for Honolulu from Denver suffered an engine failure, dropping debris in a residential area before returning to Denver’s main airport. No injuries were reported.
United has 52 Boeing 777s powered by Pratt & Whitney 4000 engines. They are “being removed from the schedule through May 12 and removed from international/Hawaii routes through May 25,” United said in the note.

The Federal Aviation Administration last month issued safety directives to increase inspections of fan blades on those engines. Those directives go into effect April 15.
“We continue to work conscientiously with Boeing, Pratt & Whitney and the FAA to safely return these aircraft to service soon, and our current plan will allow them to return in the second half of May,” United said in a statement.
Boeing and Raytheon Technologies, parent company of Pratt & Whitney, didn’t immediately comment.

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Monday – Friday, 6:00 – 7:00 PM ET

CNBC’s Jim Cramer on Friday previewed next week’s roster of earnings and advised investors to stick to companies that are profitable yet affordable for investors to own.
“In this environment, you need to own companies that make stuff and do things profitably, but let’s add, also, with stocks that remain cheap on a price to earnings basis,” the “Mad Money” host said.

CNBC’s Jim Cramer on Friday previewed next week’s roster of earnings and advised investors to stick to companies that are profitable yet affordable for investors to own.
“In this environment, you need to own companies that make stuff and do things profitably, but let’s add, also, with stocks that remain cheap on a price to earnings basis,” the “Mad Money” host said.

Even as the Fed tries to tamp down higher prices, “we’ve already seen signs that inflation is peaking in many areas. Unfortunately, so is the rest of the economy,” he later added.
Cramer said that on Monday, he’ll be keeping his eye on Russia’s invasion of Ukraine and its effect on commodity prices. He also said he’ll be watching the 30-year Treasury bonds.
“The 30-year, not the 20[-year], is where all the action will be once the Fed starts selling its bond portfolio. You need to know that this sell-off in the 30-year is signifying that much higher rates are on the way,” Cramer said. “Get ready for them. Higher long rates will likely hurt the Nasdaq like we saw today, not the Dow, which can hold up just fine because it’s full of tangible companies that fit my criteria.”
The Dow Jones Industrial Average on Friday rose 0.4%. The S&P 500 dropped 0.27% while the Nasdaq Composite tumbled 1.34%. All three declined for the week.
Also on Cramer’s radar is an expected “red-hot reading” in the March consumer price index releasing next Tuesday. 

“It’ll be inexorable and nasty until we see the peak in everything. Whatever the so-called consensus is, it’s almost always too low right now, and so that’s going to gaffe the bondholders and put pressure on the stock market that day,” he said.
Cramer also previewed next week’s slate of earnings and gave his thoughts on each reporting company. All earnings and revenue estimates are courtesy of FactSet.
Tuesday: Albertsons, CarMax
Albertsons

Q4 2021 earnings release before the bell; conference call at 8:30 a.m. ET
Projected EPS: 64 cents
Projected revenue: $16.76 billion

Cramer said he expects great results from Albertsons and is on the lookout for an announcement, whether they’re planning on going private or revealing a big buyback or dividend.
CarMax

Q4 2022 earnings before the bell; conference call at 9 a.m. ET
Projected EPS: $1.27
Projected revenue: $7.5 billion

“Any sign that this endless series of price hikes is over, or that demand has been destroyed … will reinforce my thesis that all the used car companies must be sold,” Cramer said.
Wednesday: JPMorgan Chase, Bed Bath & Beyond, BlackRock, Delta Air Lines
JPMorgan Chase

Q1 2022 earnings release at 6:45 a.m. ET; conference call at 8:30 a.m. ET
Projected EPS: $2.72
Projected revenue: $30.57 billion

“Every time the Fed raises rates, these guys instantly become more profitable on a risk-free basis,” Cramer said. 
Bed Bath & Beyond

Q4 2021 earnings release; conference call at 8:15 a.m. ET
Projected EPS: 4 cents
Projected revenue: $2.08 billion

“The question here is simple: Will big new shareholder Ryan Cohen, of Chewy and GameStop fame, join the board, and will the Buy Buy Baby business be sold to private equity? I think it’s all on the table, and the stock goes up substantially,” Cramer said.
BlackRock

Q1 2022 earnings release before the bell; conference call at 8:30 a.m. ET
Projected EPS: $8.95
Projected revenue: $4.73 billion

Cramer said he’s interested in hearing about how “individuals might get to vote their index fund shares.”
Delta Air Lines

Q1 2022 earnings release before the bell; conference call at 10 a.m. ET
Projected loss: loss of $1.30 per share
Projected revenue: $8.74 billion

Cramer said he’s in favor of travel stocks but believes airlines are currently a tough sell “given how much money they can lose in a Fed-mandated recession.”
Thursday: Goldman Sachs
Goldman Sachs

Q1 2022 earnings release at 7:30 a.m. ET; conference call at 9:30 a.m. ET
Projected EPS: $8.95
Projected revenue: $11.98 billion

“I have never seen Goldman Sachs stock this cheap, ever. … I think you’re getting a fairly good chance to catch a bounce here, if not an investment, because by this point, it should be no surprise that Goldman’s first quarter was ugly,” Cramer said.

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Elon Musk tweeted Tesla may get into the lithium mining and refining business directly and at scale because the cost of the metal, a key component in manufacturing batteries, have gotten so high.
“Price of lithium has gone to insane levels,” Musk tweeted.
Lithium deposits are not uncommon in the US, but refining resources are limited.

Elon Musk tweeted Tesla may get into the lithium mining and refining business directly and at scale because the cost of the metal, a key component in manufacturing batteries, has gotten so high.
“Price of lithium has gone to insane levels,” Musk tweeted. “There is no shortage of the element itself, as lithium is almost everywhere on Earth, but pace of extraction/refinement is slow.”

The Tesla and SpaceX tech boss was responding to a tweet showing the average price of lithium per tonne in the last two decades, which showed a massive increase in prices since 2021. According to Benchmark Mineral Intelligence, the cost of the metal has gone up more than 480% in the last year.
There are indeed deposits of lithium all over the United States, according to the the U.S. Geological Survey, a division of the U.S. Department of Interior.
Lithium is valuable in electric vehicle batteries because it is both the lightest metal and the least dense solid element. That means that batteries made with lithium have a high power-to-weight ratio, which is important when dealing with transportation.
Friday’s tweet is not the first time Musk has raised the idea of Tesla mining its own lithium.
In 2020, Tesla secured its own rights to mine lithium in Nevada after a deal to buy a lithium mining company fell through, according to Fortune, which was siting “people familiar with the matter.”

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The landlord for two Washington, D.C., men accused of impersonating Homeland Security agents won a judgment for more than $222,000 in unpaid rent.
The rent was for five apartments they lived in and loaned out to Secret Service agents, a court filing shows.
The default judgment against “United States Special Police,” a company connected to the men, Arian Taherzadeh and Haider Ali was entered in Superior Court in Washington in January.

Arian Taherzadeh seen in photos submitted in a D.O.J. affidavit.
Courtesy: D.O.J

The landlord of two Washington, D.C., men charged with impersonating Department of Homeland Security agents won a judgment for more than $222,000 in unpaid rent for the five apartments they lived in and loaned out to U.S. Secret Service agents, a court filing shows.
The default judgment against “United States Special Police,” a company connected to the men, Arian Taherzadeh and Haider Ali, was entered in Superior Court in Washington in January.

United States Special Police, which is not a law enforcement agency, had leased the five apartments at Crossing on First Street since late 2020, according to a lawsuit filed in July by a limited liability corporation owned by Tishman Speyer, the real estate giant that owns the building.
But USSP had not paid any rent during that time, the suit says.
And “they had created a fake person to sign the lease,” a federal prosecutor said in court Friday, referring to Tazherzadeh and Ali.

A Tishman Speyer spokesman declined to comment on the case.
The rent case came to light as the men were due to appear at a detention hearing in U.S. District Court in Washington.

Prosecutors have asked a judge to order that the men be held without bail.
Ali, 35, and the 40-year-old Taherzadeh were arrested Wednesday at Crossing on First Street, located in the Navy Yard area of Southeast Washington.
Federal prosecutors accuse them of impersonating Homeland Security agents for several years, and say the FBI found weapons, ammunition, and law-enforcement paraphernalia in their apartments, despite the fact that neither man is employed by law enforcement.
A court filing by prosecutors on Friday said, that while they were claiming to be law enforcement agents involved in covert operations, “they compromised United States Secret Service (USSS) personnel involved in protective details and with access to the White House complex by lavishing gifts upon them, including rent-free living.”

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“Taherzadeh stated that Ali had obtained the electronic access codes and a list of all of the tenants in the apartment complex,” which has hundreds of units, the filing said. Those access codes allow tenants to enter their apartments and the amenity areas, and operate elevators in the complex.
Four Secret Service personnel have been placed on leave as a result of the case.
The Secret Service has not said if those agents include one who had been assigned to first lady Jill Biden’s protective detail.
That agent was identified in a criminal complaint as being offered an AR-15-style assault rifle valued at $2,000 by Taherzadeh. He lived in an apartment below Taherzadeh in the same building, the complaint said.
This is breaking news. Please check back for updates.

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Target has a new landing page on resale site, ThredUp, which features items from its private labels and limited-time designer collections along with select items from luxury brands.
The big-box retailer previously launched — and then shut down — a test in 2015 with the online thrift shop.
The resale market totaled $15 billion last year and is expected to more than triple to $47 billion by 2025, according to Jefferies.

Target ThredUp website
Source: Target

Target is tiptoeing back into secondhand sales through a deal with resale company, ThredUp.
The big-box retailer confirmed Friday that it launched a page on ThredUp’s website in late March that includes listings of women’s and kids’ apparel, along with accessories. Some items are from Target’s private labels, such as kids’ clothing brand Cat & Jack, or its limited-time designer collaborations, such as one with Lilly Pulitzer in 2015, and others are from luxury brands not typically sold by Target. All are curated by Target from ThredUp’s inventory.

A company spokesperson said Target is in a “test and learn” phase with ThredUp. She declined to share financial terms of the deal. ThredUp also declined to comment.
This is not the first time Target has teamed up with ThredUp, an online consignment and thrift store. Target launched — and then shut down — an approximately six-month test in 2015. It allowed shoppers to get Target credit for gently used items that ThredUp was willing to resell.
A Target spokesperson said the company decided to partner again with ThredUp to tap into customers’ interest in value and sustainability. Target’s new webpage on ThredUp’s website is labeled as a beta test. It includes about 400,000 pieces priced at up to 90% off.
The partnership fits into Target’s broader sustainability initiatives, including Target Zero, a new label in stores and online that points out products or packaging designed to be refillable, reusable or compostable. The retailer also recently turned a San Diego-area storefront into its first net-zero energy store by adding massive carport solar panels.
For retailers, resale is a way to get in front of Gen Z and millennial shoppers who enjoy the “treasure hunt” and green aspects of thrifting, said Ashley Helgans, an equity research analyst who follows the sector for Jefferies. Through secondhand purchases, those younger consumers may develop an affinity for new brands and decide to make purchases directly from the original seller, she said.

For ThredUp, striking deals with retailers is a way to expand its reach and sell inventory more quickly in a growing, but highly fragmented industry, Helgans said. It competes with other players, including The RealReal, eBay, Poshmark and Depop.
ThredUp has also struck profit-sharing deals with retailers like Walmart and Madewell, which cross-list items on their own websites.
Helgans said Target’s previous test may have come too early. In 2015, the resale market stood at about $1 billion, according to Jefferies. It’s now grown to an estimated $15 billion in 2021 and is expected to more than triple to $47 billion by 2025.

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