Cramer: What to Watch Next Week
What follows is Cramer's "Game Plan" for the week of Monday, August 1
MONDAY, AUGUST 1
FMC Corp , which reports after the close, is a terrific place to go if there is no debt-ceiling deal and the market gets hammered on Tuesday, Cramer said. There’s a huge bull market in chemicals, and FMC is a suburb way to play it.
Cramer is also a fan of Herbalife , which is expected to announce its earnings after the bell. But he cautions not to pay up as this stock has run a lot.
TUESDAY, AUGUST 2
Duke Energy reports before the opening bell. The “Mad Money” host said this utility has a nice yield, which is exactly the right kind of thing to buy into the Washington chaos. He hopes it goes down, so home gamers can buy it cheaply.
Despite the bull market in the coffee space, Cramer wants home gamers to stay away from Peet’s Coffee & Tea , which announces its earnings after the close. He thinks the company is making the wrong move by focusing on the consumer packaged coffee business instead of expanding their store count. Plus, the stock is expensive compared to Starbucks.
WEDNESDAY, AUGUST 3
Cramer likes Allergan , which reports before the bell. He thinks the pharmaceutical company, along with Celgene , has hyper-growth without economic sensitivity. That means whatever happens in DC, he doesn’t think they’ll let us down.
Cramer also expects to hear good things when Clean Harbors delivers its quarterly results before the open. It’s the quintessential oil service play in the domestic oil and gas drilling boom, he said.
Energy Transfer Partners , an oil and gas pipeline company, reports its earnings after the market closes. Cramer said in a week of chaos, we want calm—and ETP is the definition of calm with its 7.6 percent yield.
Another oil and gas play, Pioneer Natural Resources , is also scheduled to report after the closing bell. This is Cramer’s pick to be the next Petrohawk Energy , which got taken out at a massive premium. He thinks the only way to get a lower price on this name is if the debt talks hammer it.
THURSDAY, AUGUST 4
Cramer fears a shortfall when Treehouse Foods reports before the open, so he would avoid it. He’s worried about private label pricing and how the company may not be able to pass along input costs.
Cramer would also stay away from LinkedIn , which comes in after the closing bell. He thinks the social networking site will probably deliver a monster quarter, but said everyone is already greedy here. He'd ring the register.
However, Cramer does like Copano Energy , which also reports after the close. The stock has a 7 percent yield and has exposure to some of the hottest oil and gas shales out there, he said. It provides nice safety with genuine takeover possibilities, which is why Cramer hopes it gets pounded.
FRIDAY, AUGUST 5
The most trade-able opportunity of the week comes in the form of pipeline king Enbridge , which delivers its quarterly results before the opening bell. If this one gets hammered before it reports, Cramer wants home games to buy it. He calls it the best growth pipeline story in the world. Plus, it has a 3.2 percent yield.
Finally, Windstream also reports before the open. Cramer said this is the only high-yielding telco company that has consistently made the quarter, and he’s betting this time is no different.
A previous version of this story listed the wrong stock ticker for Enbridge (ENB).
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