MONDAY, FEB. 25
For Cramer, the week begins with earnings conference call from home improvement retailer Lowe's before the opening bell.
"With housing roaring back, people either need to fix up their old house in order to sell it, or fix up their new house to improve it. Central to this thesis is that it's finally worth it to put money into improving your home."
Rental car operator Hertz will also deliver earnings before the open. Cramer thinks its results will likely signal strength in the rental car business.
Later, Darden Restaurants will host an analyst meeting. Cramer likes to monitor Darden because he thinks it's a good read on how consumers are doing. If consumers are strapped, they might not be going to Darden's Red Lobster and Olive Garden restaurants, for example. If consumers are doing well, though, they're more likely to dine out.
TUESDAY, FEB. 26
Although earnings from Lowe's on Monday will help determine whether the "home repair thesis" in intact, but Cramer said Home Depot will be the real barometer. The home improvement retailer will deliver its quarterly numbers before Tuesday's opening bell.
Luxury retailer Saks will also deliver earnings before the open. From Michael Kors to Coach, Cramer noted each of the high end retailers have been painting a very different picture lately. He's interested to see what Saks has to say.
Car parts retailer Autozone is also slated to announce earnings before the open. As with housing, Cramer thinks consumers are spending money to fix their cars, too. He's looking forward to an update on the "auto improvement thesis."
American Tower, which builds cell phone towers, will also post earnings Tuesday morning. Although cell phone tower stocks have been hurting lately, Cramer thinks American Tower could turn things around with what could be a "blowout" quarter.
WEDNESDAY, FEB. 27
"These two will give us a low-end read and a read on the value shopper," Cramer said. "I even think Groupon may actually report a better quarter than people are expecting."
THURSDAY, FEB. 28
Electronics retailer Best Buy is expected to deliver earnings before Thursday's open. To Cramer, it's results will be a good read on consumer discretionary spending.
"Suddenly people are warming up to Best Buy, betting that things have gotten so good that it could once again be the target of a potential leveraged buyout by its founder," Cramer said. "I think the company's viable despite being what some describe as merely an offline Amazon showroom, and that the stock might actually continue its momentum higher."
Elsewhere in the retail space, Kohl's is also slated to report Thursday morning. Like Best Buy, he thinks its results will tell a lot about consumer spending.
After the bell, Deckers Outdoor will make an earnings announcement. To Cramer, the worst may be over for the maker of UGG brand footwear. He likes the stock in the mid-$30 range.
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