Cramer: 3 Things to Watch Tuesday
On any given day, investors have a lot to watch and sorting it all out is often the biggest battle. Cramer tries to make things easier on investors, though, by offering his weekly "Game Plan." Here's what the "Mad Money" host plans to watch on Tuesday, Dec. 6.
To start, Cramer expects AutoZone will "blow the numbers away" when it reports earnings before Tuesday's opening bell. Should this occur, he thinks AZO will take out its 52-week high. Business is strong for the auto parts store operator, Cramer said, as evidenced by its aggressive stock buyback.
Toll Brothers will also deliver earnings before the market’s open. The Horsham, Pa.-based company designs and builds luxury single-family homes in 19 states. Some think home prices have finally hit bottom, making housing an investible theme yet again. Cramer thinks this particular stock has recently gained too much to trade, though.
(RELATED—Earnings Preview: Toll Brothers' Fiscal 4Q Report)
Speaking of housing, home improvement retailer Lowe’s will host its investor and analyst conference on Tuesday. The Mooresville, N.C.-based company will likely talk about how it’s been turning things around, Cramer surmised. Goldman Sachs upgraded the stock ahead of what could be a bullish meeting. Cramer remains partial to “best of breed” Home Depot, though.
Read on for Cramer's "Game Plan" for the rest of the week.
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