Everything Jim Cramer said on 'Mad Money,' including playing earnings week, FAANG audit, bank stocks


CNBC's Jim Cramer takes a look at the week ahead for earnings, which includes a deluge of reports on Tuesday and Wednesday. The "Mad Money" host says it's time to revamp the FAANG group and swap one company for another tech giant. Later in the show, Cramer makes recommendations for financial stocks.

Earnings overload


has a jam-packed week choked with earnings reports circled on his calendar for the commercialism week beginning Monday, October 21.

Questions abound whether or not economic weakness and trade worries can still spook investors, though consumer-based firms square measure given a pass, the "Mad Money" host aforesaid Friday.

"Next week is hard to game: too several firms, too several variables. it'd simply be worthwhile to sit down on your hands throughout the week: no buys, unless we tend to see one thing actually game-changing from China," he said. "Otherwise, at this time in earnings season, you ought to merely try and stop, look and listen" and do your prep.
FAANG organization

Microsoft corporate executive Satya Nadella smiles throughout the Microsoft Build developer conference in port of entry on could ten, 2017.

David Ryder | Bloomberg | Getty pictures

Time to retire FAANG?

Cramer, United Nations agency enjoys golf stroke acronyms to smart use, is currently on the prowl for a brand new play on words to redefine the cluster of huge technology stocks.

Though he didn't invent the FAANG descriptor, the host popularized the term that encompasses the web stocks of , , , Netflix and Google-parent Alphabet. currently he's career for an additional big in school to displace the streaming platform from the bunch.

"I say we tend to replace Netflix with the so much less episodic Microsoft, however if we tend to do this, well, you recognize we have some troublesome selections to form," Cramer aforesaid. "I would like a brand new descriptor."
Waiting to show positive on Wells urban center

People walk by a Wells urban center bank branch on Gregorian calendar month thirteen, 2017 in ny town.

Spencer Platt | Getty pictures

After a bank earnings blitz on, Cramer skint down the performances within the major establishments of JPMorgan Chase, Bank of America, Citigroup and Wells urban center. He gave his blessings to speculate in every of the stocks except the latter, that he known as the "perennial whipping boy" of the cluster.

"As for Wells, why do not we tend to wait and see ... what Charlie [Scharf] will do" once he takes over as corporate executive next week, the host aforesaid, "and if he tells an honest story, i'd got to modification my mind and tell you to shop for this once best-of-breed commercial bank."
Assessing anarchist Sachs, Morgan Stanley and yankee specific

People enter front of the yankee specific offices in ny town.

Getty pictures

"When it involves the remainder of the financials, it is GS, anarchist Sachs, even if it feels generally like it's in purgatory," Cramer aforesaid, "and I like it to Morgan Stanley. would not|i would not} bet wouldn't bet against either, though. As for yankee specific, today's pullback i am career it a present."

In Cramer's lightning spherical, the "Mad Money" host zips through his thoughts concerning callers' favorite stock picks of the day.

RingCentral: "We happen to love RingCentral significantly, however we tend to conjointly perceive that this is often not the marketplace for the RingCentrals. allow them to are available and solely then does one pull the trigger."

Cypress Semiconductor: "That one's done. that is a cha-ching, cha-ching. We're not arbitrageurs. could I counsel going into ... perhaps even metric linear unit because it comes in."

Beyond Meat: "You've ought to sell on the far side. i prefer the fellows behind on the far side such a lot, but, you recognize what, that is not enough. the {very fact|the actual fact} is that this stock's very overvalued versus all the competitors that square measure coming back in. you've got to still sell on the far side. We'll get to level that's right."

Disclosure: Cramer's public trust owns shares of anarchist Sachs, Citigroup, Microsoft, Facebook, Amazon, Apple, and JPMorgan Chase.

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