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NEW YORK (
TheStreet) -- Today's trading action is nothing more than a healthily pause after a spectacular run high, Jim Cramer told the viewers of his
"Mad Money" TV show Friday.
"The markets are just catching their breath," said Cramer, as he outlined his game plan for next week's trading.
On Monday, Cramer said
Enbridge Energy Partners(EEP) will report and he's still bullish on this 6.4% yielder along with all of the pipeline master limited partnerships. He said to avoid anything dealing with propane, like
For Tuesday, Cramer will be watching
ARM Holdings(ARMH) and
Amazon.com(AMZN). Cramer said he'd be a buyer of
KLA-Tencor(KLAC) if ARM reports good numbers, but he'd take a "wait-and-see" approach to Amazon.
Chipotle Mexican Grill(CMG),
Tractor Supply(TSCO) and
Cramer said he'll be listening to see if housing is back with Whirlpool and will be expecting good things from Tractor Supply. He suggested waiting on Chipotle, which hit an all-time high, but would be a buyer of Core Labs when it sells off after it reports.
In related retailed news, Cramer said to sell
JC Penney(JCP), which has now gotten way ahead of itself.
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Then on Thursday,
Cummins (CMI) and
Dow Chemical(DOW) take center stage. Cramer said he would buy Allergan and Dow on any weakness, but would take profits in Cummins, a stock which he owns for his charitable trust,
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, ahead of its earnings.
Finally for Friday, Cramer said
American Axel(AXL) and
Clorox(CLX) will have his ear. Cramer would be a buyer of both names on weakness.
Also on the week, the much-hyped IPO of Facebook may have news. Should investors get in on the deal? Cramer said that depends on the terms and the valuation, so he needs to see more. Facebook is more than just a revenue story, he said, and the deal could be a "home run" if priced correctly.