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What Cramer Expects of JPMorgan, Safeway's Earnings

Wednesday, 12 Oct 2011 | 6:32 PM ET

JPMorgan Chase CEO Jamie Dimon needs to really impress when the financial institution reports its earnings results before Thursday's opening bell, Cramer said, because "everything good here has meant absolutely nothing" in the banking sector lately.

Cramer's Stock Market Game Plan
Mad Money host Jim Cramer lays out next week's investment strategy, but cautions that unless something positive comes out of Europe, it will be tough for the U.S. markets to gain traction .

"He's got to find a way to say, 'Listen, we are better than everybody else. We have real growth and we are going to go around the world and pick up shares from every loser bank out there,'" Cramer said of Dimon. "He's gotta do that."

In addition to growth, Cramer hopes Dimon also reveals a "big dividend boost." He'd like JPM to sport a 4 percent dividend yield and not just because the stock's been slammed.

Meanwhile, grocery store operator Safeway will likely deliver another "stinky, horrible number" when it reports earnings before Thursday's open, Cramer said. After all, the retailer is facing tough competition from rivals Target , Wal-Mart , Costco and Whole Foods .

"They're getting it from all sides. I can't see how you can own Safeway other than the fact that the street hates it so much," Cramer said. "But the street also hated SuperValu SVU and boy was that ever right to hate."

Read on for more of Cramer's "Game Plan."

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