NEW YORK ( TheStreet) -- "We're in good shape to buy on the dips," Jim Cramer told his "Mad Money" TV show viewers Friday. That is, if the Euro doesn't take another plunge. Cramer said that although our markets are still linked to Europe, earnings here should matter again barring any catastrophic news from over there. That's why in his game plan for next week's trading, Cramer said he'll be watching Dollar General ( DG) on Monday. He said if news is good, it's time to buy rival and best of breed Dollar Tree ( DLTR). For Tuesday, Cramer said AutoZone ( AZ) should deliver strong numbers, but the earnings of home builder Toll Brothers ( TOL) likely won't matter as the stock has already run up ahead of the news. Also on Tuesday, it's an investor day for Lowes ( LOW). Cramer said news should be good, but he still likes Home Depot ( HD). For Wednesday, Cramer said he'll be watching Yum Brands ( YUM) for news of a possible spin-off of Taco Bell and strong numbers out of China. He'll also be listening in on Parker Hannifin ( PH) for the latest on the oil patch. > >> Bull or Bear? Vote in Our Poll Thursday brings Cramer fav Costco ( COST). Cramer said he's still a fan and would buy on any weakness. Finally on Friday, embattled propane company Ferrellgas Partners ( FGP) reports. Cramer said he still likes Energy Transfer Partners ( ETP) more. Also on Friday, Edwards Lifesciences ( EW), a stock Cramer said is undervalued.
Value PlayFor "Speculation Friday," Cramer featured Comverse Technology ( CMVT), which provides software and services to telco operators. Cramer explained that Comverse was ensnared in a terrible options-backdating scandal back in 2006, which the company's then CEO fleeing to a foreign country to escape extradition. Afterwards, the company never recovered and was eventually delisted. But now, Comverse is back and was relished on the Nasdaq in September. Management is currently said to be seeking "strategic options" for the company, code for breaking itself up and selling off the pieces. That's where the story gets interesting, said Cramer, as Comverse owns a stake in Verint Systems ( VRNT) valued at $747 million or $3.64 a share. Comverse as a whole is valued at only $1.3 billion. The company also has $2 billion of net operation losses that can be carried forward to offset tax bills. This leaves Comverse' remaining business valued at just 81 cents a share. Cramer said that the sum of Comverse' parts are worth at least a 35% premium to where its trades today. That fact should make the company a prime target for private equity firms, he noted. But even without a takeover or breakup, Cramer said that Comverse' business is improving and the company is trading just 55 cents off its 52-week low, minimizing the downside risk.
Riding HighRounding out his "Stocking Stuffers" list of companies that are outside of the European contagion. Tonight's recommendation, McDonalds ( MCD), one of the largest restaurant chains in the world, feeding nearly 1% of the world's population every day. Cramer said that McDonalds is a great company with fantastic management and can survive just about any disaster. The company fared well in the financial crisis of 2008 and so far has been sales gains, not declines in Europe, with sales up 16.6% in Russia and a few percentage points in the UK, France and Germany. Shares of McDonalds are flirting atar 52-week high after the company boosted its dividend by 15% to a 2.9% yield. The company is also ramping up its international expansion and should have 2,000 locations in China by 2013. McDonalds is also accelerating store growth in emerging markets around the globe and is re-imaging stores here in the U.S. to include more drive-thru capacity and nice dining rooms. Many stores are also making the jump to 24-hour service, further boosting profits. There's a lot to like about McDonalds, said Cramer, as the company is adding staff to provide better service, is introducing tons of new items, and will be raising prices across the board to offset rising commodity costs. He said the stock is expensive here at its high, and he would wait for a pullback before buying in.