Cramer's 'Mad Money' Recap: Next Week's Game Plan
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NEW YORK (TheStreet) -- There's too much fear in this market, Jim Cramer told "Mad Money" viewers Friday as he laid out his game plan for next week's trading. There are still some winners out there, if investors know where to look.
Both Burger King (BKW) and Cirrus Logic (CRUS) will have his attention on Monday. Cramer said he's not a fan of either stock at the moment but Burger King will provide insight into McDonald's (MCD) while Cirrus can shed light on Apple (AAPL), a stock he owns for his charitable trust, Action Alerts PLUS.Then, on Tuesday, Cramer said Botox maker Allergan (AGN) will report, and he hopes that stock will become a buy in 2013. Also reporting: Ford Motor (F), a stock which he said has a chance to break out a bit, and SiriusXM Radio (SIRI), a stock that's no longer has any upside. For Wednesday, it's Clorox (CLX), Excelon (EXC), General Motors (GM) and Ralph Lauren (RL) taking center stage. Cramer said he'd take profits in Clorox and buy it back on weakness, but would be careful with GM and Ralph Lauren. He does like the 6% yield on Excelon, however. Thursday brings results from Chart Industries (GTLS), Kellogg (K), oil giant Exxon-Mobil (XOM) and Chesapeake Energy (CHK). Cramer said he likes Kellogg and Chesapeake and also feels that Exxon and Chart can offer more insight into the oil and natural gas markets. Finally, on Friday, Cramer said Beam (BEAM) will be reporting, which makes a good time to buy Diageo (DEO). He also suggested picking up some Chevron (CVX) on any weakness.
Executive DecisionIn the "Executive Decision" segment, Cramer spoke with Rick Hamada, CEO of Avnet (AVT), the supermarket for all things tech. Avnet pre-announced a weak quarter a few weeks ago and delivered on its guidance Friday, missing estimates by 1 cent a share on light revenue. Shares of Avnet now trade at just 7.5 times earnings. Hamada said Avnet's weakness stemmed from light overall revenue and weakness in its higher-margin western regions, including the U.S. He said both the company's component and computer businesses saw declines in the quarter.
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