What Jim Cramer’s Watching Next Week
What follows is “Mad Money” host Jim Cramer’s “Game Plan” for the week of April 2.
Monday, April 2
Cramer wants to see a Chinese rate cut. If that doesn’t happen, he thinks there will be a decline in the market Monday.
He’ll also have his eye on Germany, which is releasing its Purchasing Manager’s Index number. Germany, which has the lowest unemployment rate in 20 years, needs to “remain the locomotive for the rest of Europe, and this number will tell us if they still are,” he said.
Tuesday, April 3
Auto sales numbers for March are set to be released and Cramer’s interested to know if the auto companies have been hurt by high gas prices.
March truck sales data is also being released Tuesday. He expects Cummins to get “hammered” if this number is weak and if China doesn’t cut its rates.
Wednesday, April 4
Monsanto reports before the bell Wednesday and Cramer thinks it will surprise to the upside.
After the bell, Bed Bath & Beyond announces its earnings. There’s been chatter that the company is being hurt my Amazon, with people are using the store as a showroom and then buying the products online. However, Cramer doesn’t buy it and thinks the showroom talk will be “dispelled” this quarter.
Thursday, April 5
Cramer would buy CarMax if it dips after it reports before the bell. He thinks the company has the “one of the best secular trend imaginable going for it—people love to shop for new and used cars there.”
Constellation Brandsalso reports ahead of the open Thursday. He thinks this wine and spirits company has been making a series of positive moves, and he wouldn’t be surprised if the stock continues its great performance.
Monthly retail same-store sales numbers come out. Cramer believes Macy’s , Nordstrom, andRoss will do well and Target will continue to gain steam. However, the one to watch, he said, isGap. The stock has had a huge move up, so it needs to maintain its same-store sales momentum if it is going to continue to climb higher. Cramer’s betting it will.
Friday, April 6
This is the most important day of the week, despite the fact that the markets are closed for Good Friday, Cramer said. That’s because the Labor Department will be releasing the March non-farm payroll report. To keep the momentum of the first quarter going, employment needs to continue expanding, he said. However, he’s worried it will take a dip because of the weakness in the drilling sector.
Finally, looking ahead to the upcoming IPO of Retail Properties of America, Cramer said he thinks homegamers should try to get in on it because it might be part of the “Facebook gambit.”
“Institutions [will] come in to buy and hold so they can show the underwriters that they’re owners, not flippers, in order to get a piece of the Facebook deal in May,” he said.
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When this story was published, Cramer's charitable trust owned Cummins.
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