NEW YORK (
TheStreet's Jim Cramer told Brittany Umar next Friday's August jobs report will be a real market mover, and will be especially important this time.
Cramer said It'll be important because of the
Federal Reserve, which seems to be disregarding the debt ceiling, higher energy costs and other weak economic indicators in its decision to taper its bond buying.
Cramer said the jobs data need to be strong for the U.S. citizen but weak for stocks because any Fed action hinges on the report.
How to invest? He suggested investors hold onto
(DLTR - Get Report) heading into
(DG) earnings report, scheduled for Wednesday.
Dollar General, which would benefit from a weak labor market, could announce a big dividend, a stock buyback or a merger with
Family Dollar Stores
, he added.
Should Dollar General report a good quarter, Dollar Tree will likely trade higher, too. Cramer concluded that these stocks would do well if the Fed does start cutting back.
-- Written by Bret Kenwell in Petoskey, Mich.