It’s a great time to be a stock-market investor, Jim Cramer told his Mad Money viewers Wednesday. Despite our nation’s problems and those around the globe, one thing was clear from President Trump’s State of the Union address Tuesday night: he cares about the stock market.
Love him or hate him, Cramer said, Trump’s policies have helped juice the market and the economy, keeping unemployment and interest rates low and our stock market rising.
Every year, Cramer said, he looks for ideas and proposals in the State of the Union address that shareholders can profit from. This year, that theme was that Trump is paying attention to the stock market.
Mad Money isn’t about politics, but politics can influence your portfolio, Cramer noted. The markets dislike Sens. Bernie Sanders and Elizabeth Warren, fearing their policies would be anti-business. The markets like candidates that maintain the status quo and promote laissez-fair capitalism.
Cramer said it’s the intertwining of Trump’s fortunes with the stock market that allows investors to overlook all sorts of concerns that would normally have been paramount.
Cramer and the AAP team are looking at everything from earnings and tariffs to the Federal Reserve. Find out what they’re telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts Plus.
Executive Decision: Clorox
For his “Executive Decision” segment, Cramer spoke with Benno Dorer, chairman and CEO of Clorox (CLX) – Get Report, the consumer goods giant that just posted a 15-cents-a-share earnings beat that sent the stock up 6.5% over the past week.
Cramer first asked about the coronavirus, as bleach is one of the most effective ways to kill viruses. Dorer said Clorox is ready to help combat coronavirus with disinfecting sprays and wipes and is focused on educating consumers on how best to use their products to stay healthy this flu season. So far, he said there are no inventory shortages, but Clorox is building inventories just in case.
Turning to the quarter, Dorer said Clorox saw 3% sales growth with better gross margins and profits. They are well positioned to excel in the second half of 2020.
When asked about sustainability, Dorer said that sustainability is good for business. That’s why Clorox has committed to reducing their packaging by 50% over the next 10 years, while also reducing the amount of plastic and water they consume. Everything is being rethought, he said, from better logistics to compostable wipes.
On Real Money, Cramer keys in on the companies and CEOs he knows best. Get more of his insights with a free trial subscription to Real Money.
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At the time of publication, Cramer’s Action Alerts PLUS had a position in CLX.