10 Things Cramer's Watching Next Week
What follows is Cramer’s “Game Plan” for the week of May 9.
MONDAY, MAY 9
Clean Energy Fuels is scheduled to report its quarterly results after the close Monday. The company provides natural gas as an alternative fuel for vehicle fleets, so Cramer is interested to find out how the spike in diesel may have affected CLNE.
MarkWest Energy Partners will also deliver earnings after Monday's close. This master limited partnership has been hit hard, like other MLPs, because of worries about a change in the tax code that would dramatically lower their ability to pay big dividends, the “Mad Money” host said. He believes that no such change will happen and he suggests buying Enterprise Products Partners EPD, after it reports on Tuesday.
TUESDAY, MAY 10
Cramer fave Fossil will announce its quarterly results Tuesday before the open. Cramer said the last time the retailer reported, stocks plummeted. That turned out to be a buying opportunity, he said, and Fossil came roaring back. He’s interested to see if history repeats itself.
After the close, Walt Disney will report its earnings. The "Mad Money" host said he wants to hear about theme park attendance and how ABC and ESPN are doing.
“Few companies tap into the national psyche better than Disney,” Cramer said. “So listen carefully to what they have to say.”
WEDNESDAY, MAY 11
Macy’s will announce its quarterly results before the opening bell and Cramer wants to find out how the company “blew away” the retail sales numbers last Thursday. He also wants to get a good read on apparel makers like Phillips Van Heusen , who got hammered Friday. Cramer said he smells opportunity and believes he may have a several recommendations after Macy’s reports.
Cisco Systems reports after the close. CEO John Chambers can’t blow this quarter, Cramer said, because “if he misses, then it would be three strikes and he is on the Wall of Shame.” Cramer isn’t sure if Chambers can deliver because he said Juniper Networks, Hewlett-Packard and NETGEAR seem to have Cisco beat.
Sina, the so-called Twitter of China, also reports after the bell. Cramer has been recommending this stock because he thought it would pop with the initial public offering of social networking site Renren . But Sina got slammed instead.
“The Chinese stock market is just a miserable place to try to make money,” he said. “Too many accounting problems and not enough oversight.”
If Sina reports a strong quarter, Cramer would take some profits. He would stick with Chinese Internet search provider Baidu , though.
THURSDAY, MAY 12
Two retailers are scheduled to report on Thursday. Kohl’s will announce its quarterly results before the opening bell and Nordstrom reports after the market's close. Cramer said the retailers’ news will give us a read on whether the consumer has been hurt by higher gasoline.
FRIDAY, MAY 13
The preliminary May Michigan consumer sentiment surveywill be released Friday. Cramer thinks consumer sentiment was hurt when gas started heading toward $5 a gallon. He’s betting it will go higher now that the price at the pump is down and al Qaeda chief Osama bin Laden has been taken out by U.S. forces.
When this story was published, Cramer's charitable trust owned Kohl's and Juniper Networks.
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