Cramer: Next Week's Most Important Earnings Reports
Cramer on Friday revealed his "Game Plan" for the week of Dec. 20:
Darden Restaurants is scheduled to report quarterly earnings on Monday. The parent company of Olive Garden and Red Lobster, Cramer called it "the ultimate barometer for dining out," and its earnings will be a tell on consumer confidence. He's bullish on the restaurant industry, especially Chipotle Mexican Grill , Yum! Brands and BJ's Wholesale Club .
Jabil Circuit also reports on Monday. The St. Petersburg, Fla.-based company produces all things tech, including computing, storage, industrial and networking gear. Its products are so widespread that Cramer said the company's earnings are a good read on the health of the whole tech sector. Although, Jabil's results could be damaged by the weakness at Cisco Systems, which accounts for 15 percent of its sales. Cramer, however, expects Jabil to deliver a beat.
Speaking of tech, Adobe Systems reports on Monday as well. If it delivers a good number, Cramer thinks there will be more talk of it being a possible takeover candidate. For those interested in this name, Cramer suggests buying deep-in-the-money call options.
Paychex is yet another company announcing its numbers on Monday. Cramer is interested in this name because if staffing and payroll companies are doing well, it's an indication that job creation is improving. He also noted that this stock boasts a juicy 4-percent dividend yield.
On Tuesday, Cramer will look for earnings reports from both The Finish Line and Nike . He wants to know if The Finish Line has dealt with the inventory problems it faced last quarter. The retailer ran out of merchandise to sell, he said.
"Nike remains my fave as the best-of-breed way to play the fabulous bull market in shoes," Cramer said. "Nike's got scale, steadiness and stellar growth courtesy of the company's geographic expansion, including into China."
CarMax also delivers its quarter on Tuesday. It should provide a read on where the auto bull market is headed, Cramer said.
Walgreen is up on Wednesday. Cramer had been frustrated with this stock but changed his mind after last quarter, which showed marked improvement. He thinks the company is improving its stores and regaining market share while decelerating its new store openings.
After the closing bell on Wednesday, Bed, Bath & Beyond will share its earnings results. Cramer thinks it will be an "excellent tell" on housing and consumer spending, as well.
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