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NEW YORK (
) --"Europe's leaders actually did something worth while this week," Jim Cramer told his
TV show viewers on Friday.
He said with the positive news out of Europe, he's keeping his threat level assessment at DEFCON 3 as he prepares for next week's trading.
Cramer said that on Monday he'll be watching the IPOs of Michael Kors and social gaming network Zynga. He said both should be bought, but only on the IPO and not in the open market. After they debut, they should be sold. Cramer said that Zynga may even be strong enough to lift rival
For Tuesday, Cramer said the Federal Reserve meeting will have his attention, as will the outlook from
, which now yields 4%. He said that
also reports, but that stock remains in secular decline and should not be bought.
Then on Wednesday, Cramer recommended both
, two stocks with low expectations that should have bottomed.
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Thursday brings a slew of news from market mover
, along with
Pier 1 Imports
Research In Motion
. Cramer was bullish on Pier 1, Accenture and Honeywell, but said that it's too early for new products from Adobe to matter and Research In Motion remains a weak hold at best.
Finally for Friday, Cramer said
reports, and while the company has a great dividend yield, management appears to have lost its way and needs to outline a serious turnaround plan.