The 7 Things Cramer's Watching Tuesday
To help you navigate through this volatile market, Cramer regularly draws up his "Game Plan" for the week ahead.
On Tuesday, the "Mad Money" host will monitor three companies' earnings announcements, including generic drug maker Perrigo , luxury retailer Saks and TJX Companies . Cramer thinks all three names will post positive results.
Technology giant Dell is also set to report earnings on Tuesday. Cramer doesn’t like tech right now being as summer is typically a slow time for the space, but he’s betting Dell will have some positive results. After all, the company is putting some distance between itself and Hewlett-Packard .
The German and French Finance Ministries will also meet on Tuesday. It’s likely their comments will move the markets, rendering earnings results meaningless.
Finally, Cramer will also watch for a few pieces of economic data. The first is housing starts, which Cramer argues need to slow in order to stop putting pressure on existing home sales. The second piece of data is industrial production.
“Remember—from now on we are in recession watch and this industrial production number could give us a clue about the actual earnings damage and that’s been wrought by government fiddling worldwide,” Cramer said.
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