Cramer's 'Mad Money' Recap: Cramer's Game Plan
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NEW YORK (TheStreet) -- Special situations will dominate next week's trading, Jim Cramer told "Mad Money" viewers Friday as he laid out his game plan. Cramer said next week may be the week Europe gets its act together, but don't count on it.
That's why on Monday Cramer will be awaiting the U.S. Supreme Court's decision on Obamacare. He said if the law is struck down, large employers including Wal-Mart (WMT) and Home Depot (HD) will be buys.But if the law is upheld, look for gains in United Healthcare (UNH) and Express Scripts (ESRX). Also on Monday is an investor day at Hershey (HSY). With so many candy bars being sold near gas stations, Cramer said he has to wonder if that spare change from the pump will be headed towards more sweets. Tuesday brings earnings from Dollar General (DG), a stock Cramer continues to praise, along with an analyst day from NetApp (NTAP), a stock that stopped the last tech rally dead in its tracks. On Wednesday, homebuilder Lennar (LEN) reports, an excellent barometer for the industry, said Cramer. Also reporting, McCormick (MKC) and General Mills (GIS), a stock which Cramer owns for his charitable trust, Action Alerts PLUS. Cramer remained bullish on both food stocks. Finally, Paychex (PAYX), another stock that will benefit from a repeal of Obamacare, will be reporting earnings. Then on Thursday, it's battleground day, said Cramer. Nike (NKE), Research in Motion (RIMM), Tibco Software (TIBX) and Family Dollar (FDO) will all be reporting. Cramer said that Nike is a high-quality stock that may be trading at a discount, but investors should be careful with Tibco. He is bullish on Family Dollar. Finally, on Friday, Cramer said that KB Homes (KBH), one of the worst homebuilders, will be reporting. He suggested taking gains in Lennar ahead of KB's report on Friday.
Bullish on Burger ChainThere's a fight going on over at Jack In The Box (JACK), Cramer told viewers, and the analysts are losing. That's why Cramer said he's gone bullish on the burger chain that also includes the Qdoba chain of Mexican restaurants. Cramer explained that Wall Street analysts have been very negative on the turnaround happening at Jack In The Box, which is why the Bank of America/Merrill Lynch upgrade Friday from underperform directly to "buy, buy, buy" was so important. He said that in the firm's prior research, the analyst hinted that he was losing conviction in his sell rating because he raised his price target yet remained bearish on the stock. But now with one analyst in the buy camp, more will follow.
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