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NEW YORK (
TheStreet) -- "I'm staying cautious, and you should too," 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 with all stocks seemingly correlated to the
S&P 500 average and the woes of Europe, individual company news will continue to not matter. But eventually, he said, what's driving down good stocks will start driving them higher.
Cramer said it's still too early to sound the "all clear," but once some of the European worries are solved, the facts will improve. That's why Cramer will be listening to the
earnings on Tuesday for a read on the health of the consumer. Although, he noted, Best Buy is becoming increasingly irrelevant as customers increasingly choose to shop elsewhere.
Also on Tuesday,
, a stock which Cramer owns for his charitable trust,
Action Alerts PLUS
, is hosting an analyst day and big conferences in tech and pharmaceuticals are also kicking off. Cramer said it might be the time to start buying into some of the most beaten down stocks in these areas.
On Wednesday, Cramer said the
analyst meeting will have his attention, as that's another great read on the U.S. economy. While on Thursday, Cramer said that
Pier 1 Imports
will report and that stock remains a buy.
Cramer was also bullish on
, but markedly bearish on
Research In Motion
, saying the company is dying a slow death at the hands of the iPhone.
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