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NEW YORK (
) -- The economy stumbled last month, Jim Cramer said on
Friday about the day's disappointing jobs number. But that's now behind us, which means the markets will be looking forward to earnings and the latest macroeconomic data.
That's why on Monday Cramer said he'll be watching a host of economic data from China, Germany and Japan, as well as the latest words from our own
chairman, Ben Bernanke. Beyond the macro news will be earnings from
, which Cramer expects will be horrible.
Tuesday brings more macro data and also an analyst meeting from
. Cramer said he's looking right past those into Wednesday, when
Bed Bath & Beyond
report earnings. Cramer will be looking for resilience from both companies.
On Thursday it's more bad news, with the latest unemployment claims, this time including the opening wave of government layoffs from the sequester. One bright spot:
, a company likely to report good numbers that will be swallowed up by the jobless rate, Cramer said.
Finally, on Friday it's bank day, with
reporting. Cramer said he'd stay away from both stocks going into earnings and consider them again after a 2% to 4% pullback. There will once again be a single bright spot on Friday, and that's
Executive Decision: Nick Schorsch
In the "Executive Decision" segment, Cramer sat down with Nick Schorsch, chairman and CEO of
American Realty Capital Properties
(ARCP - Get Report)
, a real estate investment trust that's up 13% so far this year and currently yields 6.1%.
ARC has been in a battle to acquire the privately held REIT of Cole Capital Properties III. Schorsch said the deal would be 10% accretive to ARC shareholders and would be a good deal for Cole's shareholders because they would have a publicly traded vehicle for their investment. He said ARC has the capital and credit available to complete the deal and he hopes that the mudslinging comes to an end so the companies can seriously consider the merger.
When asked about the company's dividend, Schorsch said that ARC is committed to raising its dividend along with its growth prospects. As such, ARC plans to grow earnings by 16% this year, not including a deal with Cole. He said that either with or without a deal, ARC is poised to have a great 2013.