Cramer's 'Mad Money' Recap: Next Week's Game Plan
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NEW YORK ( TheStreet) -- After this week's stellar rally created by the Federal Reserve, investors want to know where things go from here, Jim Cramer said Friday.
So he laid out for "Mad Money" viewers his game plan for next week's action.Earnings reports will be sparse next week, but it's the heart of conference season, which is when big money managers decide how they're going to play the rest of the year. That's why Cramer will be watching the Salesforce.com (CRM) conference on Tuesday. He said investors could use deep-in-the-money calls, particularly the November 140, ahead of the event. Also on Tuesday, an analyst day for AFC Enterprises (AFCE), purveyors of the Popeye's restaurant chain, along with earnings from FedEx (FDX) and Manchester United (MANU). Cramer said AFC remains a keeper and he'd be a buyer of FedEx on any weakness. Manchester United remains in the sell block. Wednesday brings an energy and a global life-science conference, events which could be good news for Schlumberger (SLB), EOG Resources (EOG), Biogen Idec (BIIB) and Celgene (CELG). There's also earnings from Bed Bath & Beyond (BBBY) and Ascena Retail Group (ASNA). Cramer said he'd use September 65 calls for Bed Bath but would be a buyer of Ascena outright. For Thursday, Oracle (ORCL) and Tibco (TIBX) earnings come into focus. Cramer said both names are starting to move as the seasonally strong tech season is upon us. Finally, it's Darden Restaurants (DRI) and KB Homes (KBH) reporting on Friday. Cramer said he's fearful of owning Darden going into earnings and is also wary of KB Home.
Executive DecisionIn the "Executive Decision" segment, Cramer once again sat down with Charif Souki, chairman and CEO of Cheniere Energy (LNG - Get Report), a stock that's had a stellar 10% gain since Cramer first got behind the company in June 2010. Cheniere is currently building America's first liquefied natural gas export terminal to send our clean and abundant fuel around the globe. Souki said that after years of being patient, the project is now underway and Cheniere doesn't need any more capital to complete it. Among the company's partners are global oil and gas giants Total (TOT) and Chevron (CVX). Souki noted that if you have a good project, people will listen, which is why he now has partners around the globe.
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