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NEW YORK ( TheStreet) -- Get used to the new market where interest rates rule the roost, Jim Cramer told his "Mad Money" TV show viewers Friday as he laid out his game plan for next week's trading.
Cramer said that first thing Monday morning, investors should be adding the CBOE Interest Rate 10-Year Treasury Index, TNX, to their screens. He said this measure of interest rates has become an excellent contra-indicator. When interest rates are on the rise, stocks are headed lower.
Tuesday brings new home sales and the Case-Schiller index. Cramer said these data points are very tricky because both too hot and too cold will be seen as bad news. Also on Tuesday, Lennar (LEN), Carnival Cruises (CCL) and Walgreen (WAG). Cramer said only Walgreen makes his buy list and he'd be a buyer on weakness.On Wednesday, Cramer will be watching Paychex (PAYX) for a read on employment and the economy, along with Bed Bath and Beyond (BBBY) and General Mills (GIS). Cramer said he's a fan of Bed Bath, and if General Mills is strong, he'd use that data to buy some McCormick (MKC) and ConAgra (CAG), both of which report on Thursday. Also making the list on Thursday are Nike (NKE) and Accenture (ACN). Cramer said he's not a fan of Nike's Chinese exposure, but he would buy Accenture. Finally, on Friday BlackBerry (BBRY) will report and Cramer said this stock garners more attention that it deserves. He said investors can buy the stock under $12 but must sell it over $15.
Five Easy PickingsThe markets may not be done heading lower, but that doesn't mean its too early to begin picking amongst the rubble, Cramer told viewers, as he highlighted five stocks that are ripe for the picking. Cramer said with Obamacare just around the corner, the health care industry will be springing back to life, which will be great news for Healthcare REIT (HCN - Get Report) and Healthcare Trust (HTA - Get Report), which are both down over 20% from their highs. Healthcare REIT sports a 4.5% yield, he said, while Healthcare Trust now has a 4.9% yield. Another real estate investment trust winner will be Liberty Property Trust (LRY), said Cramer, because this office and industrial REIT is also down 22% from its highs and now has a 5.4% yield. Also making the list is American Realty Capital (ARCP - Get Report), another major player in the REIT space with a monster 6.4% yield and an ailing share price.
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