NEW YORK ( TheStreet) -- "We should've been down today," Jim Cramer told the viewers of his "Mad Money" TV show Friday. He said the tragedy in Japan has sent the markets higher, as investors pondered the possibilities of huge rebuilding efforts. But is that enough to offset a slowing China? Cramer said probably not, which is why he told viewers to temper their enthusiasm. Cramer's game plan for next week's trading instead focused on a handful of companies reporting earnings, as they will provide the best read on what the U.S. and global economies look like with $100-a-barrel oil. On Monday, Cramer said, Hewlett-Packard ( HPQ - Get Report) should be able to tell us its strategy, as well as if there really is a glut in tablet computers and a stalling out of the PC market. Also on Monday, we will hear from Chevron ( CVX - Get Report), the first of the big oil companies to report with sky-high oil prices, along with chip-maker Xilinx ( XLNX - Get Report), who should provide a read on the communications equipment market. On Tuesday, Cramer said he'll be watching the William Bair & Company conference on cloud computing in the hopes positive news there could lift the tech sector overall. Then on Wednesday, Cramer said Superior Industries ( SUP) will offer guidance on the auto market amidst higher gas prices. Thursday will be the most important day for Cramer, as fav Lululemon ( LULU - Get Report) reports earnings. He said the shorts are worried, but Lulu management has a bad habit of scaring analysts. Also on Thursday, show giant Nike ( NKE - Get Report) reports. Cramer said watch those future order numbers for a read on this company. Finally, 3M ( MMM - Get Report) and FedEx ( FDX - Get Report), will provide two other takes on the economic outlook. Friday is options expiration, Cramer reminded viewers, which usually means at least one day of volatility in the markets. He told investors to be ready one day next week.
Executive DecisionIn the "Executive Decision" segment, Cramer spoke with Martin Franklin, chairman and CEO of Jarden ( JAH), a stock that's up 31% since Cramer first recommended it in November 2009. Franklin commented on the recently announced partnership between Starbucks ( SBUX) and Green Mountain Coffee Roasters ( GMCR) to bring Starbucks coffee to Green Mountain's single-serve K-Cup pods. Franklin said the deal is important for growing the single-serve coffee market and is great news for Jarden's single-serve Mr. Coffee brewers who use K-Cup pods.
Pulse on Health Care"There's one part of health care that's working," Cramer told viewers, and that's the medical device makers. He said, unlike the drug makers, which are having a harder and harder time creating, and winning approval for new drugs, the device makers are taking advantage of market trends and demographic trends, to power higher. Cramer explained that as big money managers fight to beat the benchmark S&P 500 every year, they often mimic, then tweak, the makeup of the venerable index. So with 11% of the S&P 500 being made up of health care, mutual funds and hedge funds must own at least a little health care. But which ones? Cramer said that Stryker ( SYK) is at the top of his list. This company has 20% market share in joint reconstructive products and trades at less than 12 times forward earnings, with an 11% growth rate. He said the company is diversifying away from focusing on just hips and knees and into more lucrative devices. Stryker also derives 40% of its business from hospital surgical equipment; another plus. Among the others in the group, Cramer said that Medtronics ( MDT - Get Report) has gone nowhere and with its CEO leaving, he'd stay away. He said that Zimmer Holdings ( ZMH), which is similar to Stryker, is just not as strong a company. St Jude ( STJ) is another promising candidate, said Cramer, but with the stock near its 52-week high, he'd wait for a pullback before diving into this company, with its newly minted dividend.