BOD: Saks, Federated
Before giving his game plan for the coming week, Cramer addressed two companies from his "Benefit of the Doubt," or BOD, series that are still down because of "sloppy quarters": Saks (SKS Quote) and Federated Department Stores (FD Quote). The whole point of the BOD list, he said, was to buy stocks after a disappointing number. Now is a good entry point to get into these two retailers, Cramer said, and he recommended buying them on Monday.The Game Plan
Cramer laid out his game plan for the earnings-rich week to come. He advised people to buy Steel Dynamics (STLD Quote) if it drops below $45.50 when it reports its earnings next week. Steel Dynamics closed at $44.77 on Friday. On Tuesday, Coca-Cola (KO Quote) reports, and analysts are all set to raise numbers because it is a great way to play the weak dollar, according to Cramer. He said he would pay up to $55.85 for the stock. Coca-Cola closed at $49.88 on Friday. Also on Tuesday, Wells Fargo (WFC Quote) and Washington Mutual (WM Quote) report, in addition to a bunch of other regional banks, he continued. For those who own a regional bank, Cramer suggested making a hedge by purchasing Annaly Mortgage (NLY Quote) for protection. United Technologies (UTX Quote), which reports Wednesday before the market open, has exposure to the rest of the world and is "impressive," he said -- and at under $65, it is a "gift." UTX closed at $65.05 on Friday.- Loading Comments...
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