The best conference call in the defense sector

Lockheed Martin delivered the best conference call to its shareholders out of the defense sector, CN Crawler said Jim Cramer on Friday.

The largest military contractor in the world, Bethesda, Maryland-based producer, drew analyst's expectations for earnings per share

Raytheon, a major US entrepreneur, is another popular defense mass, but the earnings call does not compare to Lockheed, Cramer said.

"Lockheed Martin is set for life with the F-35," said the "Mad Money" host. LMT is for me. "

A number of companies have reported revenue in the past week but the busiest week of reports is still ahead, Cramer said.

News that domestic economy grew by 3.2% in the first three months of 2019, faster than expected 2.5%, helped move Dow Jones Industrial Average and Nasdaq Composite up more than 0.30% and S&P 500 North 0.47%, he said.

"But make no mistake about it. We are at the heart of the earnings season right now, and that's what really drives the action, "the host said.

More results will come out next week, including the April job report.

See what Cramer will look at market next week here

Columbia Sportswear CEO Tim Boyle told Cramer that his company is paying attention to an outdoor activity such as most competitors do not touch: fishing.

Performance fishing gear is a unique position for the outer brand to dig into outdoor hiking and camping, he added.

"It is an area we knew we could own and we spend a lot of time and effort focusing on the part of the business, that sport, and we just launch a channel in Instagram focusing on the PFG, "Boyle said." We think it's a great opportunity for us who don't exist at some of our competitors. "

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Uber goes public soon, and few companies are prepared for the attack that riding-seeking services will have on car and car-related sectors.

Except for Ford Motor and Honeywell, two manufacturers have shifted their focus when the industry is changing the dynamics of the world economy, Cramer said. More and more young, debt-burdened consumers tend to skip car ownership and related expenses instead of cheaper alternatives like Uber and Lyft.

"As we approach the tower of the Uber IPO, keep in mind that the automotive industry is not just a bedrock of this economy anywhere around the world, and very few companies so come," said the host. "Those who did, Ford [and] Honeywell, they are rewarded. Everyone else, they suffer."

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Cypress Semiconductor has connection products that other players in the room lacks, said Managing Director Hassane El-Khoury to Cramer.

The chip seller sells a combination chip that merges Wi-Fi and Bluetooth together, he said.

"It's a very unique ability we have," El-Khoury said. "It's very difficult to replicate, and it makes us a very sticky solution."

See discussion here

Stocks in MarketAxess, an electronic trading platform for institutional credit markets, have driven around 400% over the past five years and 45% over about nine months. The stock continues to climb out of a solid earnings report on Wednesday.

CEO Richard McVey told Cramer that the company has access to data that can help predict bond trading for customers in about 25,000 CUSIP.

"Every single band has an identifier, or a CUSIP," he said. "So we have a very credible way of predicting the next trade in these bonds … through artificial intelligence and the data we have that let us create models to predict the next trade."

See the whole interview here [19659005] Cramer lightning round: This merchant has too much competition