What Cramer's Watching Wednesday
The Deutsche Bank Energy Conference and UBS Global Life Sciences Conference will draw Jim Cramer’s attention Wednesday.
At these conferences, it’s important to hear from the individual companies, but the “Mad Money” host also likes to gauge interest in each meeting. Cramer reported that the truck manufacturers and parts makers meetings are rumored to draw the most attention this year. That said, Cramer reminded his viewers that he likes Eaton, which does make some truck parts.
(Read More: 2 'Terrific' Buying Opportunities.)
Elsewhere in the market, Bed Bath & Beyond and Ascena Retail Group are scheduled to report earnings.
Ascena operates dressbarn, a women’s clothing retailer. The company just bought Charming Shoppes, too. Cramer expects to hear things are integrating nicely, which would cause its stock to push higher.
(Related: 5 Stocks Set for Solid Earnings.)
Bed Bath & Beyond is going to be “tricky,” Cramer said. Its results last quarter sent the stock sharply lower, so Cramer suggests playing BBY through call options.
“The contract I like would be the September 65 calls for roughly $5. If Bed Bath delivers, that stock could go back to its old high of $74 and change,” Cramer said. “If it doesn’t, the stock will most likely give up a lot of the hard fought gain back to $70.”
Read on for Cramer's Top Dividend Stocks 2012
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