Cramer's 'Mad Money' Recap: Next Week's Game Plan (Correct)
Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
(Corrects story originally published May 3 to say Weyerheuser's shareholder meeting is Friday. The company reported earnings April 26.)
NEW YORK (TheStreet) -- No single number is more important to this stock market than the monthly employment number, Jim Cramer told his "Mad Money" TV show viewers Friday, as he laid out his game plan for next week's trading.
Cramer said that while it will be hard to replicate this week's rally to new highs, the markets may still have the wind at its back starting on Saturday.That's because on Saturday, the Berkshire Hathaway (BRK.B) annual meeting will commence and Cramer said Warren Buffett will likely have a lot of positive things to say. That's why he feels Saturday will be the launchpad for that stock's next move higher. Turning to Monday, both Anadarko Petroleum (APC) and EOG Resources (EOG) will be reporting, and Cramer said he expects to hear good things from both companies. Tuesday brings earnings from Whole Foods (WFM) and Walt Disney (DIS). Cramer noted that Whole Foods may see some pressure in the short term, but he's still a fan of the company in the longer term. He was also upbeat on Disney, saying he hopes the stock gets crushed so investors can buy in on the cheap. On Wednesday it's Continental Resources (CLR) and Heckman (HEK) in the spotlight. Cramer said Continental should shine, while Heckman may be sluggish this quarter due to skepticism over natural gas. On Thursday Dish Network (DISH) and Priceline.com (PCLN) will be reporting. Cramer noted that Dish's play for Sprint Nextel (S) will make for a colorful conference call, while Priceline will likely deliver another stellar quarter. He said investors need to be careful with this wild trader. Finally, on Friday Weyerhaeuser (WY), a stock Cramer owns for his charitable trust, Action Alerts PLUS, holds its shareholder meeting. Cramer remains bullish on our country's largest land owner.
Cramer's Shopping ListSome stocks just don't reflect that things are getting better, Cramer told viewers. So he presented them with a shopping list of names that can be bought the next time the market sells off. Cramer said the financials are among the undervalued, with names including Citigroup (C), once a $500 stock, now trading for a scant $46 a share despite being a far better company than it was at $500. He also gave the nod to JPMorgan Chase (JPM) and Wells Fargo (WFC), along with KeyCorp (KEY) and First Horizon (FHN)
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV