Cramer: What to Watch Next Week
What follows is Cramer’s “Game Plan” for the week of September 26.
Monday, September 26
The “Mad Money” host wants to hear one of three things Monday: that the French have put through a recapitalization plan that has a TARP-style bailout for their ailing banks, a commitment by German Chancellor Angela Merkel that specifically spells out how to save Greece, or a statement from European Central Bank President Jean Claude Trichet about cutting interest rates.
If we get all three, Cramer thinks stocks can soar higher. If we get one of the three, he thinks earnings reports will actually propel stocks higher.
Tuesday, September 27
Walgreen reports its earnings before the bell. Cramer thinks the company is doing many things right, and he expects it will report some “fine” numbers.
After the close, he's listening to two companies for a read on tech and employment—but they aren't names he would buy.
First, he has his eye on Jabil Circuit . He thinks the St. Petersburg, Fla.-based company will give us a good handle on whether the negative seasonality of tech is finally over. Cramer is betting JBL, which has a history of beating estimates, will say good things.
For a read on employment, Cramer is watching Paychex when it reports after the bell. The company handles payroll processing for hundreds of thousands of companies, and he prefers its numbers to the ones from the Labor Department.
Wednesday, September 28
Darden Restaurants announces its earnings before the open. The restaurant company, which is the parent of Red Lobster and Olive Garden, has been disappointing but Cramer thinks it could turn around sooner rather than later.
One of Cramer’s favorite dollar stores, Family Dollar , also reports before the bell. He remains a firm believer that there is a squeezed middle class in the U.S., and they are looking for bargains. There are also a couple of hedge funds ready to pounce on Family Dollar if it fails to deliver.
"It could be in a heads you win, tails you win moment for FDO,” he said.
And finally, semiconductor company Micron Technology reports after the closing bell. While Cramer likes tech right now, he does not like Micron. He would avoid it entirely.
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