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NEW YORK (TheStreet) -- With just about every industry coming up short in the earnings department, Jim Cramer told his Mad Money viewers Friday that he's advising caution. The data are not encouraging, he said, but there's still a steady drumbeat of investors expecting a Federal Reserve interest rate hike when what's really needed is another rate cut.
Cramer's game plan for next week's trading begins over the weekend, with Greece. If a deal can be reached, that would be good; if not, be prepared for more pressure on the markets.
Then, on Thursday, J.M. Smucker (SJM) reports, along with Verifone (PAY) and chipmaker Ciena (CIEN). Cramer is a fan of Smucker and Verifone for the long term, but told viewers to be careful with Ciena, which has run up ahead of the quarter.