Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
NEW YORK (
) -- Next week once again hinges on Europe, Jim Cramer told
viewers Friday as he laid out his game plan for next week's trading. Cramer said if the European leaders can come up with any sort of resolution, nothing else will matter. But if they don't, the markets just may give back all their gains from this week.
On Monday, Cramer said, he'll be listening to news from
. All three will provide a gauge on tech spending, but only Ciena is likely to have anything positive to say.
. Cramer said Juniper is cheap but could guide still lower. Michael Kors will offer insight on the American consumer but this stock remains a battleground, said Cramer. Biogen Idec will likely have good things to say.
Then on Wednesday it's time for
, which will likely offer lackluster results, and Senate testimony from
J.P. Morgan Chase
. Cramer said that J.P. Morgan would be the stock to buy on a resolution in Europe, but otherwise take a pass.
Thursday's highlights include news from supermarket
Pier 1 Imports
, along with oil driller
and clothing giant
. Cramer said he'd take
over Kroger, but he expects good things from Pier 1. Apache and VF remain hotly contested stocks and while both companies may have positive things to say, it likely won't matter.
Cramer's bottom line: Keep an eye on Europe and be prepared to give up some gains.
In the "Executive Decision" segment, Cramer once again spoke with David Demers, CEO of
, a stock that had fallen 50% from its highs only to rocket higher by 34% this week on news of an agreement to build natural gas engines in partnership with
Demers said the deal with Caterpillar is a validation of what Westport has been saying for years, that natural gas can be a cleaner, cheaper fuel than imported oil and diesel fuel. He said that it really shouldn't come as a surprise that large users of energy are interested in American natural gas.
Demers continued that for years the real challenge at Westport was just proving the technology works. Now that natural gas engines are out there, all of the pieces of the puzzle are slowly coming together. One of those is the railroads, said Demers, an industry that's watching closely to see if Westport's natural gas locomotive, set to debut next year, really can deliver on its promises.
When asked about his stock's 50% haircut just a few weeks ago, Demers responded to rumors that partner
was moving to compete with Westport. He called the rumors patently false, saying Westport and Cummins will be working together for the next 10 years and there's "lots happening" with that partnership. Cummins did opt to go it alone in developing some natural gas technology, he added, but that was not in an area where Westport wanted to invest.
Cramer said that Westport remains the best bet on America finally adopting natural gas as a surface fuel.
Beyond the Headlines
Don't judge a quarter by its cover, pay attention to more than just the headlines, Cramer reminded viewers, looking at the earnings of
. When Forman reported Wednesday, the headlines read of a huge three-cent-a-share earnings miss on revenue that fell below estimates. But was that really the case?
Shares of Brown-Forman opened up 25 cents a share after the earnings release, noted Cramer, but closed the day up 4.6%. That's because those who did their homework got the really story, he added. In fact, Brown-Forman's operating income was up 13%, beating expectations. The perceived weakness stemmed from fluctuations in foreign exchange rates and inventory changes, along with the sale of a winery business that made for confusing estimates in the first place.
For the year just closed, Brown-Forman saw net sales rise by 9%, said Cramer, with sales of its flagship Jack Daniels brand leading the way, up 12%. Brown-Forman's other categories, including vodka, tequila and even bourbon also showed strong sales. Additionally, the company is seeing a halo effect from its new products, which are exposing more and more consumers to their brands.
Brown-Forman also saw strong international sales across the board. Plans to push through price increases, the first since the 2008 recession, are being well received. Given we're now in an environment where costs for commodities are falling, Cramer said, Brown-Forman is one shareholder-friendly company that investors shouldn't pass up.
Here's what Cramer had to say about caller's stocks during the "Lightning Round":
: "I'll give you three:
, Brown-Forman and Beam. They're all good. "
: "I don't like the ag market. I want you to sell, sell, sell
Deere & Company,
: "They're making a comeback. I'll endorse it."
: "It has many different businesses. I'll bless it."
: "No one wants to touch steel. I want you to let it go."
: "No, no. Let it run then sell, sell, sell. I'd rather see you in
In the "Mad Mail" viewer feedback segment, Cramer followed up on
, a stock that stumped him during an earlier show. Cramer said that after receiving a huge takeover bid he would "take the money and run" as the company had lackluster performance before the takeover.
Cramer also followed up on
a retailer of apparel and home decor items with 78 locations. He said the company is in the right place at the right time and he likes the company as a speculative stock.
When asked about
Cramer said the airlines are not his cup of tea but he understands the appeal with falling oil prices. When asked to choose between
for an IRA portfolio, Cramer chose B&G for its dividend yield. Cramer said he'd be a buyer of
, but only after July.
Finally, when asked about choosing the first stock for a child's portfolio, Cramer said
is the one to start with.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer sounded off against the bears who feel the precipitous decline in the price of oil is a bad thing.
Cramer agreed that on some level falling oil prices could mean a slowing global economy, but that is a "deranged" way to look at things. He said that here at home there are hundreds of people who benefit from lower gasoline prices for every one who gets hurt by them.
In times gone by the renewed purchasing power created by lower fuel costs would have rallied the markets for weeks, said Cramer, but not today where the markets are conditioned to look overseas for guidance.
The decline in oil is perhaps the biggest positive thing the markets have seen in ages, and for the market to take down the stocks of those companies that benefit most from the decline is just plain stupid, Cramer concluded.
--Written by Scott Rutt in Washington, D.C.
To contact the writer of this article, click here:
To follow the writer on Twitter, go to
To submit a news tip, send an email to:
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC
At the time of publication, Cramer's Action Alerts PLUS had positions in JPM and DIS.
Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."
None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.