Cramer’s game plan: Let the market fret over oil and get ready to buy high-quality stocks

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Cramer’s game plan: Let the market fret over oil and get ready to buy high-quality stocks

Walmart: Cramer awaited another great quarter from Walmart, which he said could be bolstered by online sales. He’ll be listening for two things on the company’s post-earnings conference call: tariff talk, as China is a major source of Walmart’s merchandise, and comments on the state of the U.S. economy.

Applied Materials: Semiconductor equipment maker Applied Materials will report earnings after the close on Thursday. The company’s stock struggled amid sectorwide declines in the tech space in October.

“You could argue that the sell-off began when Applied Materials told us about a pause in demand … back in early spring. Bulls would love to hear that the pause is over. I’m not going to give you that green light,” Cramer warned.

Nvidia: Even though Cramer called Nvidia “my favorite in the space,” he warned that the chipmaker’s narrative could be “difficult” when it, too, reports earnings after Thursday’s closing bell.

“I am concerned that Nvidia might flag that they could be facing a difficult product transition to a new set of chips that may be too advanced for today’s markets. Well, that”s a high-quality problem, but it’s a problem nonetheless,” he said.

Nordstrom: The “Mad Money” host had “mixed emotions” about Nordstrom ahead of its next earnings report.

“The department store chain should be doing well, but its shares have just run up 20 [basis] points since … the middle of May,” he noted. “There’s been a furious retail rally going on, so I say let’s wait and see.”

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