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NEW YORK (TheStreet) -- There were many reasons why the market got pummeled today, Jim Cramer told his Mad Money viewers Friday. Cramer said some investors were simply taking profits while others attempted to avoid the "sell in May" crowd. Still others fretted over Amazon.com's
But when it comes to next week's game plan, Cramer said all eyes will continue to be on Ukraine.
On Monday, Cramer said he'll be watching Corning (GLW), a value name in the tech sector that's up 16% so far this year, and Herbalife (HLF), the embattled nutritional supplement company that's in a war with activist investor Bill Ackman.
For Tuesday, Cramer's eyes will turn to 3D Systems (DDD), down 46% in 2014, and Twitter (TWTR), down 35% Cramer said if these names get hammered then it's "look out below" for all the high-multiple stocks.Next, on Wednesday, it's Time Warner (TWX) and Actavis (ACT) reporting. Cramer said he'd be a buyer of Time Warner, but is only watching Actavis to see how other high-value health care stocks may do. Thursday brings earnings from MasterCard (MA), a stock that's already down a lot but could be down even more if there's backlash from Russia, and T-Mobile (TMUS), which may be a buy if it gets hit after it reports. Finally, on Friday, Cramer said he'll be focused on Chevron (CVX), a stock he continues to recommend.
The Selling Isn't DoneUntil we see some mergers and acquisitions or some strong insider buying, the software-as-a-service and early-stage biotech cohort will be in for a lot more pain, Cramer told viewers. Cramer said with venerable names like Facebook (FB), an Action Alerts PLUS holding, and Gilead Sciences (GILD) delivering flawless quarters only to see their shares get hammered, there's little hope for many of the recent initial public offerings that shouldn't have come public in the first place.
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