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NEW YORK (TheStreet) -- Next week may be all about the upcoming Facebook IPO, but Jim Cramer showed his "Mad Money" TV show viewers Friday that there are plenty of other stocks worth looking into as he laid out his game plan for next week's trading.
Starting off the week is Groupon (GRPN), a stock that Cramer said shows us just what can go wrong with a red hot technology-related IPO. Cramer said to stay away.Tuesday brings a slew of retail earnings, including JC Penney (JCP), Dick's Sporting Goods (DKS), Saks (SKS), TJX Stores (TJX) and Home Depot (HD). Cramer was bullish on TJX and Home Depot, but told investors to steer clear of the others for now. Wednesday's earnings include John Deere (DE) -- a perpetually downbeat conference call, Target (TGT) -- a retailer whose prospects are looking up, along with two restaurants Jack in the Box (JACK) and Red Robin (RRBG). Cramer said he's intrigued by Target, but would only listen to the two burger chains' results. Then on Thursday it's Ross Stores (ROST), Gap Stores (GPS) and Dollar Tree (DLTR), along with cloud computing giant Salesforce.com (CRM). Cramer said to buy any of the retailers on weakness, but only pickup Salesforce if the weakness is severe. Friday is the expected IPO of Facebook and Cramer once again told investors to get in on the IPO, if they can, but absolutely do not buy any shares in the aftermarket.
Handling COPNow that ConocoPhillips (COP) has spun off its Phillips 66 (PSX) refining and pipeline assets, what should investors do with the pieces? Cramer weighed in. Cramer said he's always a fan of companies unlocking value by splitting themselves up. In a case like Marathon Oil (MRO), shares rose 30% from the time the deal was announced until the split actually occurred earlier this year. But once the split happens, cautioned Cramer, the opportunity comes to an end. That's why the parts of Marathon are down 19% and 4.5% since the split. So what of Conoco and Phillips 66? Cramer said that while Conoco's dividend provides it some downside protection, the company is only growing at 3% to 5% a year, hardly enough to get excited about. Cramer said he prefers Chevron (CVX), which offers a smaller dividend but also more growth. > >> Bull or Bear? Vote in Our Poll
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