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NEW YORK (
) -- Good news is bad news and bad news will be good news when it comes to next week's trading, Jim Cramer told his
TV show viewers Friday. Cramer said that with the Independence Day holiday on Thursday, things should be quiet on Wall Street -- but then again, anything can happen.
Cramer said that starting next week, all of the analysts will begin looking into 2014 for their earnings estimates, and that's historically a good time for stocks. But with only a handful of data points coming in, next week's game plan will continue to be more of the same.
For Monday, Cramer said he'll be watching the Chinese PMI data, along with economic date from China. He remains bullish Japan will have a good second half of 2013. Tuesday brings U.S. auto sales and factory orders, numbers that should show whether the Fed had any impact on these two key sectors of our economy.
Later in the week, it's European retail sales on Wednesday. Cramer said this number could signal the beginnings of a recovery, but probably won't. Thursday is the holiday, which means there will be light trading on Friday, when the U.S. non-farm payroll numbers are released. Cramer said once again, the number must be just right because too high and too low will be seen as bad news for stocks.
Off the Charts
In the "Off The Charts" segment, Cramer went head to head with colleague Carly Garner to see if the bottom is finally forming in gold after what has been a horrendous selloff these past few months.
According to Garner's analysis, using a chart of the gold futures and the commitment of traders report, the bottom in gold will be coming sooner as opposed to later. The commitment of traders report, which means how many futures contracts both large and small traders are holding, shows that the big investors are running extremely lean on gold, while the smaller investors have all but given up. Why is this important? Cramer said it's because there's simply no one left to sell.
Looking at a monthly chart of gold futures, Garner noted that July is historically a seasonal low for gold, but this year both the relative strength indicator, or RSI, along with the Williams oscillator, are also at historic lows. In fact, the RSI is at its weakest point in 13 years, while the Williams is at levels only seen three times in the past 13 years.
Based on all these factors, Cramer said it's clear that a snap back is imminent, which is why Garner would be buying on any weakness. Cramer said he's in agreement with the Garner's excellent research.
Invest in America: Power Panel
For his final "Invest in America" segment of the week, Cramer conducted a "power panel" with the three CEOs he spoke with yesterday,
Alan Mulally, and
When asked about beating adversity, something all three CEOs have done admirably, they agreed the most important thing is to surround yourself with a great team of like-minded individuals who are willing to dig in and get the job done. They all agreed there are many opportunities to contribute to making a better world and younger people need to find their passion and get to work.
All three CEOs also agreed their companies represent some of the best innovation America has to offer. While Ford works on alternative fuels and reduced emissions, Macy's innovates with new retail concepts and Starbucks invents new, healthier drinks.
The American dream is alive and well and our society needs to celebrate the creative and entrepreneurial minds that are going out there and making a difference. Success comes with sacrifice, which is why you should never give up and never quit before your achieve your goals, the panel agreed.
In the Lightning Round, Cramer was bullish on
US Airways Group
Cramer was bearish on
What Have We Learned This Week?
Following up on a week's worth of interviews with some of America's greatest CEOs, Cramer offered his thoughts on the stocks of each company he featured.
and its culture of science and innovation will serve it well, which is why he owns it for his charitable trust,
Action Alerts PLUS and thinks it's still a buying opportunity.
, with its 20-year plan for growth and superior products, is headed to $120 a share and beyond, said Cramer.
Is Macy's going to suffer at the hands of
? Cramer said the smart money is on CEO Terry Lundgren.
Then there's Ford, another Action Alerts PLUS holding. Cramer said that Mulally's "profitable growth for all" mantra will resonate in its stock and he'd continue to be a buyer.
Finally, Cramer said that after 20 years as a public company, Starbucks is still in the early innings of its growth story and the stock won't quit any time soon.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer sounded off against what he called the "new norm" of lower job creation in our country. He said the conference call from
was downright depressing, as management told analysts that four years after the recession America still doesn't not have an environment that encourages new business formation.
Cramer said while our government has displayed a total lack of leadership in introducing any bold plans to get America back to work, there's also a growing sense that new businesses simply cannot compete against the firepower of America's best and brightest companies. Given all of the increased regulations and hurdles most new businesses must go through, it's easy to see why fewer and fewer are even considering taking the risk.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC
-- Written by Scott Rutt in Washington, D.C.
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At the time of publication, Cramer's Action Alerts PLUS had a position in DD, F, JOY.
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."
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