What Jim Cramer Is Watching Next Week
Here is “Mad Money” host Jim Cramer’s “Game Plan” for the week to come.
MONDAY, MARCH 19
Adobe reports quarterly earnings after the close. The company’s new Creative Suite software is a must-have for web developers working in HTML5. Cramer said Adobe could be “one of the great software stories for 2012,” and he called it a keeper — even after a 26 percent increase from where he recommended it in October.
TUESDAY, MARCH 20
Tiffany reports in the morning. The only luxury retailer to disappoint last quarter, Tiffany needs to show a turnaround, Cramer said, or else the stock will take another hit.
Cintas reports after the bell. The uniform business is closely linked to hiring, which brought it to its 52-week high — not usually a status that Cramer would recommend buying, but this name could see continued growth.
Oracle also reports Tuesday. Cramer notes that the stock had a nice run but called it a sell. Increased competition from such names as Dell, IBM, Accenture, SAP and Salesforce.com make it likely Oracle will see another disappointing quarter.
WEDNESDAY, MARCH 21
General Mills reports Wednesday. Facing shrinking margins, the cereal company wasn’t presenting a pretty picture. Cramer said his charitable trust instead was playing the food space by buying Kraft because that company is headed for a split-up.
Discover Financial Services reports aftter the close. While credit card stocks have been strong, Cramer noted that Discover has been cheap, selling at a price-to-earnings multiple below its growth rate. Up more than 30 percent year to date, Cramer expects to see some profit-taking.
THURSDAY, MARCH 22
Dollar General reports quarterly results in the morning. Cramer said dollar stores are still all the rage but liked Dollar Tree best. Still, expect strength here.
FedEx also reports earnings on Thursday. Cramer expects “terrific things about global growth” but also said that the stock tends to take a hit regardless of what the company says.
Lululemon Athletica also reports on its quarter. Cramer was bullish on the brand, even as analysts raised expectations. The stock took a hit on inventory issues last time, but Cramer expected it to be under control this time around.
Accenture posts results after the bell. Cramer said the consulting firm was “so good” that it was a buy ahead of results, ideally after Oracle pushes Accenture’s stock down on Tuesday. He also expects a “bang-up quarter.”
Nike reports Thursday, too. Cramer called it Nike’s year, which will also see the London Olympics, and he reminded that the stock trades on its futures orders, not the earnings per share. Don’t be a dope and sell it on the headline, he advised, lumping the athletic wear maker among his favorites along with McDonald’s and Starbucks.
FRIDAY, MARCH 23
Darden Restaurants reports in the morning. Although still inexpensive, the stock could take a hit on rising gasoline prices, Cramer said.
KB Home also releases quarterly earnings on Friday. Up 88 percent year to date, the stock could trade down regardless of good news in the housing sector, Cramer said.
Beyond earnings, the report of February new home sales is scheduled for Friday. Cramer, a housing bull, expects the numbers to clash with what KB Homes says. On strong housing numbers, Cramer said he would look to such names as Home Depot and Lowe’s, as well as Stanley Works, which his charitable trust owns.
IPO Alert:ExactTarget could this be next week’s Demandware, Cramer said, as the Internet play had a strong bloodline. But no after-market wagering!
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