Investing Club: What Cramer is watching Wednesday — oil producers' next move, Ford splits, Salesforce delivers monster quarter

Published Wed, Mar 2 20229:12 AM EST

What I am looking at March 2, 2022 Oil: Will the U.S. producers break discipline and begin to drill given their low cost and the spare capacity they have? The CEO who knows the most is Rick Muncrief of Club holding Devon Energy (DVN). He pioneered the return strategy and has demonstrated the most discipline. He will be our special guest at the Club's Monthly Meeting this Friday at 12:30 p.m. ET. The interview itself will be worth the price of Club dues. The West encircles Russia as Russia encircles the Ukrainian cities of Kharkiv and Kyiv. Leningrad redux. Commodities soaring on this at highest level since 2009, and not driven by China. Russian stock market remains shut. Will be depressed by ruble and lack of earnings power. State of the Union—war footing ... Ford (F) is splitting into two teams : internal combustion engine (ICE) business and electric vehicle (EV). When ICE can help EV on the basics, it will ... But EV will be run by Doug Field, late of Apple (AAPL) car and Tesla (TSLA) ... helped launch the Model 3. He will be doing the Model E for Ford and it will be Ford's bid to be bigger than Tesla in the U.S. in just a couple of years time. He has to top 352,000 and Jim Farley is confident with this new split he will ... he expects 2 million EV cars by 2026. Club holding Salesforce (CRM) follows Workday (WDAY) with a monster quarter . Huge operating leverage and $1.5 billion with remaining performance obligation. Revenue of $7.3 billion, up 27% year-over-year, far ahead of expectations. Non-GAAP earnings per share of 84 cents vs. 75 cents, clean beat ... gross margin good, $100,000 annually 46% ... Big wins include Carvana (CVNA), PayPal (PYPL), Netflix (NFLX). Nordstrom (JWN) joins Walmart . (WMT) and Target (TGT) in better-than-expected earnings reports. These numbers have not meant much because of inflation. Could that change? Even as SoFi Technologies (SOFI) had a better-than-expected quarter, Bank of America downgrades, cites bad risk-reward after stock jumps 18% in the aftermarket. Ross Stores (ROST) delivers surprise beat but again price targets were too high ... fourth-quarter EPS of $1.04 vs. expected 97 cents, announced $1.9 billion buyback. Domino's Pizza (DPZ) downgraded to hold from buy at Credit Suisse. New leadership, with COO Russell Weiner taking over from CEO from Ritch Allison ... Myriad supply chain problems ... Plug Power (PLUG) CEO Andrew Marsh still talking green hydrogen, but there isn't enough and it is too expensive. DexCom (DXCM) should move after Citi offers positive catalyst and Bank of America reinstates this glucose monitor company with a buy ... FDA granted breakthrough status for hospital settings. Chevron (CVX) has multiple price target boosts … major holding of the Trust and no need to sell. Still yields 3.8% and is NOT a variable dividend play. Exxon Mobil (XOM) yields 4.4% but has slower growth. Commodity prices jumped the most since 2009, but cars use much less oil than the old days … 20% more fuel efficient than previous generation. Zoom Video (ZM) downgraded to hold from buy at Wol