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NEW YORK (TheStreet) -- We need to see the speculative stocks and the biotechs get washed out before we sound the "all clear," Jim Cramer told his Mad Money viewers Friday. Cramer said that caution, not aggression, will be the theme of next week's game plan.
On Monday, Cramer said, his mandate is that if you're trading on margin, you sell. Never invest with borrowed money because times like these are when margin traders tend to get crushed, he cautioned.
For Tuesday, Cramer said he'll be watching Alcoa (AA), a stock that's up 60% from its lows last year. He said to expect some profit taking in Alcoa even if it reports a great quarter.Next, on Wednesday, it's Constellation Brands (STZ) and Bed Bath & Beyond (BBBY) in the spotlight. Cramer said Constellation is benefiting from the forced spinoffs of Anheuser-Busch InBev (BUD) but Bed Bath remains in "no man's land." Then, on Thursday, Pier 1 Imports (PIR) and Rite Aid (RAD) will be reporting. Cramer said he expects good things from Pier 1 but the stock is too high to recommend. Rite Aid is a possible buy if the market weakness continues into next week. Finally, on Friday, it's Wells Fargo (WFC) and JPMorgan Chase (JPM), a stock Cramer owns for his charitable trust, Action Alerts PLUS. Cramer said he was hoping to see a gentle rise in interest rates to help these big banks along, so for now just listen to what these banks have to say.