Cramer's Earnings 'Game Plan' for Next Week
What follows is Cramer’s “Game Plan” for the week of November 7.
Monday, November 7
Priceline.com reports after the close. The “Mad Money” host calls this one of the few high flyers that hasn’t been crimped. He thinks we need to see the company generate $1.42 billion in revenues and earn $9.30 per share “in order to keep it flying.” He also wants to hear whether the Europeans are still traveling.
Tuesday, November 8
Before the open, we’ll hear from propane company AmeriGas Partners . Cramer is worried about all propane stocks and warns homegamers to be careful of them.
Fossil also reports before the bell. Based on the company’s history, if it gets hammered after it releases earnings, we could get a decent trade. But he also said this is all about the chart and if Fossil goes below $82—the level it dropped to last time—then people may think the chart is broken because it would have taken out the low.
Wednesday, November 9
General Motors announces its earnings before the opening bell. While last month’s sales were disappointing, the automaker has a “truly gigantic cash flow.” Cramer would rather take the over than the under here and just view it as a play on China’s soft landing.
Ralph Lauren also reports ahead of the open and Cramer is urging caution. People are expecting a great deal and the bar may be too high, he said.
After the closing bell, Cisco releases its earnings. According to highly regarded Wall Street technician Dan Fitzpatrick the chart is great, so Cramer’s wondering if they can deliver. They seem to have regained the momentum, he said, and now is the seasonal sweet spot for tech.
There’s a lot on the line for Green Mountain Coffee when it reports after the bell. This is the chance for GMCR to rebut all of David Einhorn’s charges against the company, and Cramer's eager to hear what it has to say. He thinks Green Mountain needs to be forceful that margins are going higher and it can take on any competitors.
Thursday, November 10
Thursday is a big retail day, with Kohl’s reporting ahead of the open and Nordstrom announcing its earnings after the close. Both have moved up and are near their highs. If Macy’s , which reports Wednesday morning, acts poorly after what Cramer thinks is going to be a decent number, he would sell both KSS and JWN or buy put options on them.
Also after the bell, Walt Disney reports its quarterly results. Cramer thinks the Street is set to “bang the stock down” and he thinks there may be an opportunity to buy because “every one of these so-called disappointments and big sell-offs have turned out to be great buying opportunities.” In the end, he said, this is a stock for the ages.
Friday, November 11
DR Horton reports before the bell and while many people are positive on the homebuilders, Cramer thinks they are the bottom of the barrel. Until you see pricing for homes go up in all 20 regions that the Case-Shiller index follows, stay away, he said.
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