Cramer: Tuesday's Key Earnings
Tuesday is a “high-risk” retail day, said Jim Cramer on CNBC's "Mad Money." What follows is his "Game Plan."
The day begins with an earnings announcement from AutoZone. The auto parts retail has one of the most successful buyback he’s seen, which is why he recommends buying it on weakness.
Best Buy will also report before the market’s open. To Cramer, it remains a value trap. The electronics retail recently went through a management shakeup, which makes Cramer nervous.
Polo Ralph Lauren is also scheduled to report Tuesday morning. While the apparel maker boasts a terrific story in both the United States and Asia, it faces challenges in Europe. Any bad data out of Europe will likely crush the stock, Cramer said.
Cramer is also looking forward to an earnings report from Dell, which he thinks will give a read on the technology industry. The Round Rock, Texas-based company is reconfiguring itself as a value added solutions tech company, Cramer said, which is far more valuable than just a personal computer maker.
“That’s a terrific strategy, but it is happening at the exact same time as some of Dell’s key customers — those in government and those in Europe — are struggling so the changes might not yet matter,” Cramer said. “That makes Dell too risky but the hefty cash position will limit the downside.”
Read on for Cramer's "Game Plan" for the remainder of the week
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