Cramer's 6 Things To Watch Next Week
What follows is Cramer's "Game Plan" for the week of Monday, April 4.
MONDAY, APRIL 4
Reports indicating China has finished raising interest rates drove many materials stocks stocks higher this week. To get a better read on what's going on in the People's Republic, Cramer plans to listen to Schnitzer Steel Industries' conference call after Monday's closing bell. Cramer said the Portland, Ore.-based company sells into the most cyclical of Chinese industries—the steel business.
TUESDAY, APRIL 5
KB Home is scheduled to report quarterly earnings on Tuesday morning. Given the weak U.S. housing market, Cramer isn't a fan of the homebuilders. He said they are "their own worst enemies" for continuing to build new homes despite little demand and home sales dwindling. Nonetheless, KB Home should provide an update on the housing situation.
WEDNESDAY, APRIL 6
Monsanto will release its earnings results before Wednesday's opening bell. Being as this agricultural chemical maker also produces genetically-modified seeds, Cramer thinks of Monsanto as an ag biotech stock. Considering the increased demand for food around the world, farmers need Monsanto's "super-seeds" to grow more crops per acre. By the way, Cramer also likes DuPont in the seed space.
Cramer will look for a read on the U.S. consumer when Ruby Tuesday reports earnings after the closing bell. He's interested to hear what the restaurant chain operator will say about how $4 gasoline is affecting the consumer.
THURSDAY, APRIL 7
Home furnishing company Pier 1 Imports will give its earnings report on Thursday morning. Cramer said the company's been consistently strong since having called the bottom in retail a few years ago. He'll look to gauge the strength of the consumer through its conference call.
FRIDAY, APRIL 8
Finally, Cramer will look for the Commerce Department's February numbers on wholesale inventories. If inventories are high, Cramer said that means earnings will have to come down because companies will need to slash prices to sell goods. If inventories are low, prices can rise along with profitability.
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