Cramer's 'Mad Money' Recap: Next Week's Game Plan (Correct)
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(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,
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)
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