What Cramer’s Watching Next Week
What follows is “Mad Money” host Jim Cramer’s “Game Plan” for the week of December 12.
Monday, December 12
Cramer suggests placing your orders Monday morning for two “smoking hot” IPOs scheduled to occur this week—Zynga and Michael Kors, because he thinks shares will be difficult to obtain.
If you can get in on either IPO, he thinks the pop could be enormous. But he warned homegamers never to buy stocks in the aftermarket. He would also sell them sooner rather than later to avoid risk.
Additionally, Cramer would buy some Electronic Arts Monday because he thinks the Zynga IPO will take it up in its wake.
Tuesday, December 13
Best Buy reports earnings before the bell. Cramer thinks this company is in secular decline and feels there is no reason to speculate on this stock.
General Electric , which owns 49 percent of CNBC parent company NBC Universal, holds an investor outlook meeting Tuesday. Judging by the company’s surprise 13 percent dividend boost Friday, Cramer expects good news. He thinks it’s not too late to buy some Monday morning.
Also on Tuesday, the Federal Reserve meets. Cramer expects nothing but soothing words from Ben Bernanke.
Wednesday, December 14
Two semiconductor companies have analyst meetings Wednesday—Broadcom , which has Apple exposure, and Avnet . With stocks and expectations so low, Cramer thinks a trade could be at hand for both names.
Thursday, December 15
Cramer will be listening when FedEx announces its quarterly results before the open Thursday. He said we need to hear that business is better around the world to keep this momentum up. "This stock has been able to kill or make a rally," he said.
He expects Pier 1’s earnings to be “smashing” when it reports ahead of the bell. “I think this is one of the best domestic retail stories out there,” he said.
Accenture reports after the bell. Cramer believes ACN will give a read on the consulting and outsourcing services business and he’s interested to see if there’s enough global strength to continue the rally.
Also, Honeywell is set to give investors its financial forecast for 2012. Cramer thinks we’re going to find that the company is still one of the “best stories out there.”
Finally, two “stinkers” report after the close—Research In Motion and Adobe . Cramer thinks both of these names have been left behind. However, Adobe has new products that could produce by this time next year so it might be too late to sell. RIM, he said, is a very weak hold.
Friday, December 16
Darden Restaurants reports before the bell, and Cramer wants to hear a recognition that something is structurally wrong that management needs to address, or we need new management. This is a name that pays you to wait, but Cramer is nervous the company has lost its way.
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When this story was published, Cramer's charitable trust owned Apple.
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