Tuesday will tout earnings from a number of key companies for “Mad Money” host Jim Cramer to decipher.
DuPont , Biogen Idec , Domino’s Pizza , Panera Bread and the biggest highlight of them all — Apple — are all slated to report their quarterly results.
Cramer likes DuPont but wonders if the company should be doing more to keep up with companies like PPG Industries “that keep bringing out the value.” He also wonders if there are faster growing parts of the business that deserve to stand alone as their own entities, with the slower growth parts broken off and rolling over hefty dividends, “a la Abbott Labs and Kraft .”
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As a big biotech fan, Cramer also likes Biogen Idec and says it’s got the best growth of all the drug companies he follows. “I think we’ll hear about some clinical trial results that could send the stock flying,” he said.
And the bears won’t seem to let up on Domino’s, even though last week’s chart signaled a bottom in the stock, he said. Cramer thinks that’s “short-sighted” and says the pizza chain operator could be ready to run again. Also in the food and grain space, Panera Bread and Buffalo Wild Wings will tell us how commodity costs are impacting the bottom line. He also wonders if the companies’ mere mention of higher wing costs due to more expensive chicken feed could harm profits just enough to cause the stocks to sell off.
Finally, we get word from Apple. Cramer reiterated that this would not be an important quarter for Apple, saying it would be more of a transition period ahead of Apple’s new iPhone and iTV. You have to hope this stock goes down so you can get into it ahead of those cycles, he said. “I need you in this stock, it’s bedrock. Don’t trade it — own it.”
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When this story was published, Cramer's charitable trust owned Abbott Labs, Apple, Boeing, Chevron, DuPont, Eaton and Weyerhauser.
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