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Cramer's 'Mad Money' Recap: Earnings Matter (Final)

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NEW YORK ( TheStreet) -- "Earnings matter," were Jim Cramer's words of wisdom to the viewers of his "Mad Money" TV show Friday, as he told investors to not be blinded by macroeconomic news, and instead focus on the stocks that are doing exceptionally well.

Cramer said the strength in U.S. markets today was due to earnings finally being too good to ignore. He said while the rest of the world sold off on China's half point interest rate hike, U.S. stocks were on a tear based on good old fashioned earnings and takeover speculation.

So what's in store for next week's game plan? Cramer said he'll be watching Hewlett Packard (HPQ - Get Report) on Monday for a read on the tech sector. Will HP be another Cisco (CSCO - Get Report), a stock which Cramer owns for his charitable trust, Action Alerts PLUS , or another Salesforce.com (CRM - Get Report)?

On Tuesday, Cramer's attention turns toward J.Crew (JCG), a retailer in no man's land since it reported a bleak outlook last quarter. Cramer said he'd be a buyer if the stock goes lower, as 2011 should be a great year for the company.

Cramer said he'll also be watching Cracker Barrel (CBRL - Get Report) on Tuesday, hoping it goes lower so investors can get in at a better price. He'll also have an eye on John Deere (DE - Get Report) on Wednesday, as that stock will likely go lower on the company's historically downbeat conference calls.

Finally, Cramer said the Federal Reserve minutes to be released on Wednesday will pressure stocks. He told investors to keep their shopping lists ready to pounce on any bargains.

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SYM TRADE IT LAST %CHG
AMRC $7.12 -0.84%
CBRL $140.19 -1.30%
CLH $55.14 -1.40%
DE $88.93 0.61%
CRM $67.82 -0.02%

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