Cramer's 'Mad Money' Recap: Next Week's Game Plan
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NEW YORK (TheStreet) -- There are a ton of earnings coming out next week, Jim Cramer told "Mad Money" viewers Friday, as he laid out his game plan for next week's trading.
Cramer said investors need to stop, look and listen before they buy and make sure they can process all of the information that will be coming at them.
On Monday, Cramer said Citigroup (C) will be reporting. While the banks are cheap and making a lot of money, he still prefers sticking with JPMorgan Chase (JPM), a stock he owns for his charitable trust, Action Alerts PLUS, along with Wells Fargo (WFC). Then on Tuesday, Coca-Cola (KO) and IBM (IBM), two more Action Alerts PLUS holdings, will report along with Goldman Sachs (GS) and Johnson & Johnson (JNJ). Cramer said he expects good things from Coke and IBM but really has no idea whether Goldman has any earnings power or not. He said if Johnson & Johnson lays any groundwork for splitting itself up, that would be extremely bullish for that stock. Wednesday brings earnings from Bank of America (BAC) and Pepsico (PEP). Cramer said he'd buy Bank of America on weakness ahead of its earnings as this company is cleaning up its balance sheet and putting its past behind it. He also expects good things from Pepsico but would also like to hear the company's stance on the pushback against sugary sodas. Another busy day on Thursday, as Union Pacific (UNP) pulls into the station. Cramer said he'd be in this name on weakness. He was less bullish on Chipotle Mexican Grill (CMG), a stock he said could see another down leg coming if same-store sales are not over 9%. Also reporting on Thursday, Google (GOOG) and Microsoft (MSFT). Cramer was bullish on Google but said that he's amazed that some analysts are predicting a shortfall for Microsoft ahead of a major product cycle, Windows 8. Finally on Friday, General Electric (GE) and Honeywell (HON) report. Cramer was bullish on GE, an Action Alerts PLUS stock, as well as Honeywell, which he would buy on weakness. Then there was Schlumberger (SLB), yet another Action Alerts PLUS name, and one that Cramer said has growth and profitability.Select the service that is right for you!
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