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All eyes will be on the Federal Reserve, Jim Cramer told his Mad Money viewers Friday as he laid out his game plan for this week's trading. If the Fed does nothing on Wednesday, the markets will soar. But if it starts hinting of another rate hike, look out below.
Cramer said he'll be watching TravelCenters of America (TA) on Monday to hear if lower gasoline prices have helped consumers. He'll also be listening to 3D Systems (DDD) , a company he profiled on March 9.
Next, on Tuesday, it's Valeant Pharmaceuticals (VRX) reporting, along with Children's Place (PLCE) and Oracle (ORCL) . CBS (CBS) will be holding an investor day. Cramer was bullish on Children's Place and CBS, but said Valeant has become a political hot button and Oracle has no catalyst.
Wednesday brings earnings from FedEx (FDX) , Williams-Sonoma (WSM) and Expedia (EXPE) . Cramer said FedEx is cheap but vulnerable after a big run, while Williams-Sonoma needs to show it can turn itself around.
Thursday brings earnings from Adobe (ADBE) . Cramer was bullish on the company's prospects.
Ulta Transcends Short-Sellers
Short-sellers are just as prone to wishful thinking as those who are long a stock, Cramer told viewers as he took another look at Ulta Salon (ULTA) , which has been roaring back from its Feb. 19 lows, including a powerful 17% gain Friday.
Cramer said the decline in Ulta started off as general market weakness but was accelerated by a negative research report that sent shares plummeting. The bear case was made in the report that Ulta had reached saturation in its store count and that same-store sales were about to decline.
But Cramer noted that when a retailer hits saturation it happens slowly, and that's not happening with Ulta. The company justified its expansion plans by noting its salon customers spend 2.5 times more in the stores than regular customers, but there are only a limited number of salon appointments available in every store.
As for those "declining" same-store sales, Ulta posted a 12.5% gain, not loss, in its most recent quarter, and that number is up from the growth the company saw last year.
Cramer concluded the bears have simply gotten Ulta all wrong and he continues to recommend the stock.