Jim Cramer's 'Mad Money' Recap: Next Week's Game Plan
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NEW YORK (TheStreet) -- All eyes are on next week's non-farm payroll numbers, Jim Cramer told his "Mad Money" TV show viewers Friday, and investors are already positioning for what's expected to be a second weak number in a row.
With a growing sense of doom among big investors, Cramer said his game plan for next week's trading expects that 75% of the markets will be controlled by Friday's report, leaving only 25% of the action riding on actual stocks.
On Monday, Cramer expects both Ascena Retail Group (ASNA) and SolarCity (SCTY) to end higher after they report. On Tuesday, he said investors should be buying AutoZone (AZO) on any weakness ahead of its earnings.The liquor and spirits market remains on fire, said Cramer, which is why he said Brown-Forman (BF.B) is worth more than it currently trades. The company reports on Wednesday. Thursday brings Joy Global (JOY) and Kroger (KR), two stocks Cramer said will likely fail to deliver, but he was a fan of Costco (COST) and would buy that stock on any weakness ahead of the quarter. Finally, on Friday, in addition to the non-farm payroll numbers, it's Foot Locker (FL) reporting. Cramer said he'd buy this stock if the markets take a hit.
Golden BullsCramer rolled out the red carpet for his first "Golden Bull Awards" celebrating the companies and executives worth praising for what they've been able to accomplish for their shareholders. Cramer's first honor for "Best Director" goes to Bob Iger, CEO of Walt Disney (DIS), a stock that was up 55% in 2013 and is up another 6% so far in 2014. Disney, under Iger, has become a media and content powerhouse, said Cramer, with movies, TV, sports and theme parks all poised to deliver excellent results for years to come.
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