Game Plan: Earnings Bonanza!
Cramer has sources that indicate Citigroup CEO Chuck Prince could be out of a job next week. “That gives you until Friday to buy Citigroup .”
Next week will also bring a cascade of earnings, with nearly half the Dow 30 and 85 S&P 500 components reporting. There are three companies in there that Cramer thinks are poised to benefit from the weak U.S dollar the way McDonald’s has on its substantial overseas business. Any of the three are worth owning into their earnings, he said.
First there’s Coca-Cola , which has more than half its business abroad. KO is a true rest-of-world play and Cramer said it could go to $60 after it reports.
United Technologies reports Wednesday before the bell. UTX, like Coke, should “handily beat its numbers” when it exchanges all its foreign money for weak dollars. People love a big industrial company with overseas exposure, and UTX is the one, Cramer said.
Wednesday will also bring Altria’s numbers. Cramer continues to regard MO as one of the cheapest stocks in the Dow and he believes next quarter will be the last before it breaks itself up. “I don’t think people realize how much value is locked up within this business,” Cramer said.
Jim's charitable trust owns Citigroup, McDonald's and Altria.
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