The Goldilocks employment report was a perfect opportunity for investors to improve their positions and raise money, Jim Cramer told Mad Money viewers on Friday. But don’t be fooled, he warned, interest rates and the bond market still control where stock prices go next.
Cramer’s schedule for next week’s action is keeping an eye on the bond market as an additional rise in interest rates will hurt earnings in the stock markets. Cramer’s other eye will be on Stitch Fix ((SFIX) – Get the report On Monday. He expects this online retailer to have another better than expected quarter.
Next, we will receive income from Campbell Soup on Wednesday ((CPB) – Get the report and Oracle ((ORCL) – Get the report. Cramer said packaged groceries may not impress Wall Street these days despite a 3.2% dividend yield, but Oracle is exactly the low-risk technology stock investors are looking for.
Thursday brings in revenue from two more retailers, JD.com ((JD) – Get the report and Ulta Beauty ((ULTA) – Get the report. Cramer is looking for strong results from both companies, especially long-time favorite Ulta.
Finally on Friday, AT & T. ((T.) – Get the report will have an analyst day, but Cramer said he wouldn’t be a buyer. The troubled telecommunications company may have a tempting dividend yield, but its stocks keep falling, wiping out those gains.
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Executive decision: Okta
In his first “Executive Decision” segment, Cramer spoke to Todd McKinnon, President and CEO of cybersecurity giant Okta ((OKTA) – Get the reporttogether with Eugenio Pace, CEO of Auth0. Earlier this week, Okta announced it was acquiring $ 6.5 billion worth of Auth0.
According to McKinnon, Okta ended the year strong with subscription revenue up 43% to over $ 800 million for the year. The markets for cybersecurity and identity management are huge, and there is still a lot of room for growth.
Pace noticed that the world is run by software and that every business is becoming a software company. That means there is a growing need for developer tools that make developer lives easier and faster, which is what Auth0 offers.
When asked why Okta needed to acquire Auth0, McKinnon said the companies are complementary. He said the personal identity market is worth $ 30 billion, but customer ID management that makes Auth0 stand out is adding another $ 25 billion.
Assuming the bad guys are everywhere, McKinnon concluded, which is why the combination of Okta and Auth0 enables companies to quickly and securely authenticate any user, machine, and now customer.
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At the time of publication, Cramer’s Action Alerts PLUS had no position in the stocks mentioned.