Cramer: What I’m Watching Next Week
Cramer plans to watch several earnings reports next week, as well as the release of October’s employment numbers on Friday. But before you do any buying, he suggests waiting for that employment report.
“After such a big run, we need a pullback before you can buy,” he said.
With that in mind, what follows is Cramer’s “Game Plan” for the week of October 31.
Monday, October 31
Anadarko Petroleum is set to announce its earnings after the bell Monday, and Cramer thinks this is one of the fastest growing oil plays courtesy of some phenomenal finds off of Mozambique. Plus, he said, the Macondo spill is behind them, making this “a terrific story.”
Herbalife also reports after the close. The “Mad Money” host thinks this direct seller of vitamins and nutritional supplements will beat the pants off its direct-selling competitor, the poorly performing Avon .
Tuesday, November 1
When Emerson Electric announces its quarterly results ahead of the open, Cramer is convinced it will say that orders have been picking up. It may be time for this "great play” on non-residential construction to shine, he said.
He also has a lot of conviction in Hain Celestial , which reports after the close of trading. This is a high-end consumer spending and healthy eating play, Cramer said.
EOG Resources is also set to give its quarterly results after the bell. Cramer thinks the oil company is going to show you that if you buy the stock for its Eagle Ford assets, you get the Bakken for free. “That’s how cheap it is,” he said.
Wednesday, November 2
Cramer is looking for a huge quarter when Clean Harbors announces earnings before the opening bell.
“Everyone keeps buzzing about dirty water from hydraulic fracturing or fracking in the oil and gas biz.” He said. “The answer has always been Clean Harbors. They are the good drilling seal of approval.”
Cramer suggests perhaps buying some shares beforehand, because it was down almost $2 Friday.
He also likes Clorox , which reports Wednesday morning as well. Raw costs are coming down, brand extensions are growing, Latin American sales are expanding and the dividend is on the rise, he said.
After the close, we’ll hear from Continental Resources and Cramer thinks they’ll report a “blow out” quarter. This is the “best of the best Bakken shale” plays and while it was hurt last quarter by bad weather, Cramer’s betting the company makes it all back this quarter.
And he’s expecting an upside surprise when Qualcomm reports after the bell. 4G is the latest thing in the wireless business, and QCOM has it “in spades,” he said.
Thursday, November 3
Apache , the company Cramer calls the fastest growing major international oil company on earth, reports ahead of the open. It’s down 30 points from its high, which is why he’s buying it for his charitable trust.
After the bell, we’ll hear from Chesapeake Energy . Cramer calls this a “restructuring play” because the company is shifting out of natural gas and more into oil.
Also after the close, cell phone parts maker Skyworks Solutions reports its quarterly results. This stock is so low, Cramer thinks it could deliver an upside surprise.
Friday, November 4
On Friday, the highly anticipated October employment numbers will be released from the Labor Department.
“We know our economy is picking up steam,” he said. “When will the strength we see in retail, in autos, in non-residential construction and in oil and gas start to translate into actual jobs?”
Since we had such a rally, he wants homegamers to hold off buying anything until these numbers are released. If there is a sell-off, then you can pounce on the companies that reported good quarters.
Also on Friday, before the bell, we’ll hear from Windstream . This telco stock has a good yield and decent growth, and he thinks it will do terrific.
Finally, the Groupon IPO is expected next week. Cramer said the company is doing a “sliver” deal—only releasing only 5 percent of the stock—to get it to pop. He suggests getting in and getting out. And certainly don’t buy it in the aftermarket.
Call Cramer: 1-800-743-CNBC
When this story was published, Cramer's charitable trust owned Apache.
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