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NEW YORK (
) -- "With market sentiment starting to change, we can finally start caring again about good news," Jim Cramer told the viewers of his "Mad Money" TV show Friday.
He said while he still remains cautious, he just can't be as negative as he's been. That's why next week's game plan is all about the bigger picture.
Cramer said the expected IPO of the Chicago Board Options Exchange, which will trade under the ticker "CBOE," will likely be next week's bright spot. He said this deal, if priced correctly, can be a money maker for investors as well as CBOE. Cramer said the deal also has huge implications for the rest of the exchanges, and the markets as a whole, so he'll be watching closely.
reports its earnings. Cramer said the company must earn 50 cents a share in earnings on $11 billion in revenue in order to impress Wall Street, and he doubts they can do it.
On Thursday, both
Pier 1 Imports
report their earnings. And while Cramer said the companies are likely to have good numbers, it likely won't matter given the week's economic data.
Cramer said the important news for the week comes out on Wednesday, as we get both May housing starts and the producer price index, PPI, with the consumer price index, CPI on Thursday. He said the housing starts should dip given the expiration of the federal tax credit, but if they don't fall off a cliff, that's good news.
Regarding the CPI and PPI, Cramer said he hopes to see some inflation, which would mean the U.S. economy is healthier than most believe. If they're negative, he said, that's bad news for stocks.
Finally, Cramer said Friday is options expiration, which typically leads to volatile trading on the Wednesday or Thursday prior. Cramer told viewers to keep an eye out for that.
Safe Green Plays
Closing our his week long series on macro-economic themes that can't be stopped by government interventions, Cramer turned his focus onto ecological clean up companies, a sector that's front and center since thte
oil spill in the Gulf.
According to recent studies, the top 3,000 largest companies in the world cause $2.2 trillion in environmental damage every year, and that's not counting the damage caused from consuming their products. Given this huge trend, companies that help clean things up will be in demand for a long time, said Cramer.
One company that caught his eye was
, the company that won the contract to clean up the Gulf shores. Clean Harbors gets 64% of its sales from environmental services, and is forecasting a 15% to 20% increase in revenues as a result of the spill.
Cramer said with the stock up a quick 10 points, trading at 22 times earnings, Clean Harbors may seem expensive, but given its 17% long term growth rate, it's a steal. He said investors should use caution however, and not pay up or chase the stock.
As a speculative play, Cramer recommended
, which makes environmentally friendly fluids used in oil and gas drilling. The company has 21% market share in the oil shale regions of our country, said Cramer and is growing strong.
Finally, Cramer mentioned
, with its 3.8% yield. Cramer called the company a stable bet in the fight to keep our environment clean. He said Waste Management has great management and is seeing volumes turning positive later this year.
Due for a Rebound
In the "Executive Decision" segment, Cramer spoke with Dr. Sehat Sutardja, president and CEO of
, a key player in Cramer's mobile Internet tsunami thesis. Recently, Marvell shares have been under pressure due to short-term concerns, and Cramer wanted to set the record straight.
Sutardja said he's in the business for the long term, adding semiconductors will remain an important growth area for countries all over the world. He said that while investors may worry about what's happening over the next six to eight weeks, he's focused on the next three to five years.
Sutardja said that historically semiconductor stocks are affected by seasonal patterns, but he said those patterns are also affected by product cycles and new product introductions as well. "Seasonal patterns are not something I worry about," he said.
Cramer agreed, saying the markets have taken Marvell's stock far too low. He said he'd pull the trigger and buy some on Monday.
Cramer told a viewer that in his opinion
should post a $20 billion bond in order to cover the potential clean up costs in the Gulf and not use reductions in their dividend as a means to finance clean up efforts. "Why are they so un-creative?"
Cramer was bullish on
He was bearish on
-- Written by Scott Rutt in Washington D.C.
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At the time of publication, Cramer was not long any stock mentioned.
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