Cramer's 'Mad Money' Recap: Get Ready for the Bears

Stock quotes in this article: BBY , RIMM , GS , FLEX , VFC , NILE , MASI , AGU  

Click here for an archive of Cramer's "Mad Money" recaps.


The bears are getting to ready to slam some stocks next week regardless of their earnings reports, Jim Cramer told viewers of his "Mad Money" TV show Friday.

Best Buy (BBY Quote), Research In Motion (RIMM Quote) and Goldman Sachs (GS Quote) all report next week, and Cramer said he likes all three. They represent what he used to call "the fulcrum of the market" during his days as a hedge fund manager.

But Cramer expressed caution on these three stocks going into their quarterly reports. It's too important, he said, to the bears for these stocks to be crushed.

Take Goldman Sachs, which he owns for his charitable trust, Action Alerts PLUS, which was highlighted in a Wall Street Journal article for betting against mortgages. While this might seem like good news, it's bad for the stock, Cramer said.

"The thing about stocks is that they react a lot better to unknown good news rather than known good news," he explained. "You need a combination of a low price plus an upside surprise to get a stock to go up."

Cramer said he expects the bears will slam this stock down regardless of what it reports. That will give people a great opportunity to buy Goldman after its quarter.

The same goes for Best Buy, he continued. Cramer believes it will be a better buy on a pullback after it reports.

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