What Cramer's Watching Tuesday
Cramer has several names on his radar Tuesday.
Best Buy remains one of the best calls on how the consumer is doing, the “Mad Money” host said. That’s why he’s interested on what the company will say when it reports before the bell Tuesday. He thinks Best Buy feels increasingly irrelevant thanks to the web, and he wants to hear a viable plan for this “once great company.” Otherwise, he said, it remains a sell.
Also on Tuesday, Cummins plans to hold its analyst meeting. Cramer thinks the news will be good, but said the market won’t care because “everyone will be freaking out about Europe.”
There are two conferences starting Tuesday as well.
Deutsche Bank is hosting its technology conference through Thursday. This is important, Cramer said, because the fall conference season is when you have to start buying tech.
Morgan Stanley also has its Global Healthcare Conference scheduled Tuesday through Thursday.
Cramer is interested in watching the price movement coming out of this gathering, particularly Bristol-Myers Squibb and Johnson & Johnson. If they go up after speaking at the conference, he thinks it’s “game on for buying the rest of the shampoo, smoking and soap stocks.”
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When this story was published, Cramer’s charitable trust owned Cummins.
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