What Cramer Expects of Ford's Earnings
Cramer plans to monitor Ford Motor's third-quarter earnings when the automaker reports before Wednesday's opening bell.
Last week, Ford struck a new four-year contract with the United Auto Workers union, avoiding a possible labor strike. Cramer thinks the agreement bodes well for the No. 2 U.S. automaker's future prospects.
"I believe that the strike took the big negative off the table here and the raw cost situation, whether it be plastics or aluminum or steel, has improved," the "Mad Money" host said. "But Europe hasn't and I think that will temper the guidance."
Ford's stock has moved off the bottom lately and Cramer thinks it can continue to climb slowly, but surely. If the stock is at the $13 level before it reports, though, he doesn't think it will be able to break out.
Cramer plans to track other earnings reports this week. Read on for his earnings-loaded "Game Plan."
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