Jim Cramer's 'Mad Money' Recap: Next Week's Game Plan
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NEW YORK (TheStreet) -- One day we'll get to talk about stocks again, Jim Cramer told his "Mad Money" TV show viewers Friday, but unfortunately that day will not be today as Washington continues to dominate the financial headlines. That's why Cramer said his game plan for next week's trading is identical to this week's: sell first and ask questions later.
Other than the continued hardline discussions in Washington, Cramer said the only number that will move the markets will be Friday's jobs report. Here again, it's a "good news is bad news" situation as putting more people back to work will be seen as the time Ben Bernanke will drop the boom on interest rates.
Outside of Washington, Cramer said he'll be watching Paychex (PAYX) on Monday, as he worries that prior gains may be given up by a weaker outlook. Tuesday's only stock news will be Walgreens (WAG), Cramer said, and that company has been on a roll, reclaiming lost market share.Wednesday brings more comments from Bernanke, which may help to soothe fears for Friday, Cramer noted. Also on Wednesday, seed giant Monsanto (MON) reports. Cramer said that while Monsanto should do well with a growing global economy, the issue of farm subsidies could come up in Washington, making even this stock a tough one to call. Also on the watch list are two high-yielders, Clorox (CLX) and Eli Lilly (LLY). Cramer said both these stocks could also come under fire depending on what Bernanke & Company have to say. Cramer said his advice is to continue to raise cash and wait for the moment a budget deal is reach, because even a bad deal will give the market certainty and only then will it be allowed to head higher.
No Huddle offenseIn his "No Huddle Offense" segment, Cramer explained what he means by a great "regional to national" story. He said in the case of Dunkin Brands (DNKN), a chain that's clustered in the Northeast and along the East Coast, there is still many years of growth ahead as this high quality operator adds locations in the two-thirds of the country where it has none.
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