Cramer: 7 Must-Watch Events Next Week
What follows is a day-by-day look into what Cramer is monitoring in the days ahead.
Cramer will look for earnings results from Range Resources , a natural gas company that will report after Monday's close. As the price of oil continues to climb, shares of this alternative energy play are flirting with highs. The "Mad Money" host doesn't recommend buying RRC at current levels, but is interested in CEO John Pinkerton's outlook on natural gas.
Speaking of energy, McDermott International is scheduled to release earnings results on after Tuesday's closing bell. Based in Houston, McDermott is an engineering firm that focuses on offshore oil and gas construction. Being as rival Fluor recently reported a strong backlog, Cramer expects the same out of MDR.
Technology giant Apple is expected to unveil the second generation iPad on Wednesday. Cramer thinks the announcement will be a great opportunity for second derivative plays, like ARM Holdings , Micron Technology , Skyworks Solutions and OmniVision Technologies . He also thinks it could help push the market higher, as Apple's major announcements had in the past.
Joy Global , a mining equipment play, will deliver earnings before Wednesday's opening bell. The company is benefitting from increased infrastructure needs around the world, especially in China. After all, when people in developing countries move to cities, they need electricity and it's often powered by coal. Cramer expects Joy Global to report a strong quarter and looks forward to hearing about coal demand.
From the retail space, Costco will share its earnings results before the bell on Wednesday. Cramer likes the discount retailer, but would wait for a pullback before buying shares. Being as Costco is taking share from rival Walmart , Cramer would buy COST on any weakness.
H.J. Heinz will report earnings on Thursday. This stock, Cramer said, is immune to the Libyan unrest. He's interested to hear how about how things are going in emerging markets, as well as its lucrative baby formula business.
Cramer is looking forward to the all-important jobs number, which will be released on Friday. In the past two months, the employment numbers have been disappointing. There has been, however, some small signs of improvement. He hopes the jobs number will show growth.
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