GO
Loading...

What Cramer's Watching Next Week

In the days to come, Cramer said he plans to keep his eye on the FXE, the exchange-traded fund that measures the U.S. dollar against the euro. That’s because he believes when the dollar rallies, “single-minded” traders sell regardless of what any good earnings reports say.

So what else is on Cramer’s radar next week? What follows is his “Game Plan.”

MONDAY, MAY 23

The “Mad Money” host will be listening when Tech Data reports before Monday's opening bell. He said the company is like a supermarket for all things tech. While he doesn’t want to trade the stock, he said its forecast could be a good gauge on the tech sector.

TUESDAY, MAY 24

AutoZone reports its quarterly results before the bell. This stock has been a terrific deep-in-the-money option play because of its $277 price tag, Cramer said. You want to use options to limit your downside, while giving you a lot more upside bang for your buck.

Cramer said Medtronic's earnings could spark the next leg of its rally. The medical device maker is also scheduled to report Tuesday morning.

WEDNESDAY, MAY 25

American Eagle Outfitters reports before the bell Wednesday. Cramer wants to stay away from this stock because he said the teenage apparel group is too erratic.

Another apparel company, Polo Ralph Lauren , also reports Wednesday morning. Cramer likes this stock, which lost ground Friday because Gap guided down.

“I’m not worried about cotton costs here because Ralph can raise prices and people will still buy it. Why? Because they love the quality of the merchandise," he explained.

But Cramer is more downbeat about Toll Brothers . The homebuilder is expected to announce earnings before the open. While he thinks TOL is the “best of the best in housing,” he said the housing market is abysmal.

Also before the bell, we’ll hear from Costco . Cramer would sell this stock before earnings and buy it back after the quarter. He said it almost always gets hit because it always moves up too much before it reports and then tends not to deliver.

After the close, NetApp announces its quarterly results. While it has been upgraded several times, it has traditionally been a downer after it reports. Cramer suggests selling some the day before.

THURSDAY, MAY 26

Cramer fave H.J. Heinz reports before the opening bell. He thinks the rally for this food company will continue, but at a more muted level because valuations are so stretched.

After the close, OmniVision Technologies announces its quarterly results. This image sensor company supplies sensors for Apple's iPhone, and Cramer wants to see what OVTI’s call says about the demand for the smartphone.

There are also two initial public offerings Cramer will be watching the week of May 23. The LinkedIn phenomenonwill create demand for Yandex, a Russian online search engine, when it goes public. Cramer said take the money and run on this one because he doesn’t trust Russia.

Freescale, which manufactures semiconductors for cars, is also issuing its IPO. Cramer thinks it could be a good one thanks to the amazing comeback of the auto industry, and because other private equity deals have been good this year.

When this story was published, Cramer's charitable trust owned Apple.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Symbol
Price
 
Change
%Change
AEO
---
AZO
---
COST
---
FXE
---
GPS
---
HNZ
---
MDT
---
NTAP
---
OVTI
---
RL
---
TECD
---
TOL
---
AAPL
---

Featured

Contact Mad Money

  • Showtimes

    U.S.
    Monday - Friday 6p ET
    Australia
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.