Of the many companies scheduled to report quarterly earnings Wednesday, Jim Cramer plans to monitor just three companies' results.
In the "Mad Money" host's opinion, the “agriculture trade is alive and well.” So he looks forward to an earnings announcement from Monsanto, the world's largest seed company.
“Funny thing about Monsanto. Even though it makes seeds, it trades as if it’s a biotech company,” Cramer said, noting that based on its price-to-earnings multiple, Monsanto is more expensive than Celgene or Gilead Sciences right now.
“Monsanto’s an innovator and the company has patents on seeds that are worth fortunes,” Cramer continued. “But is it the big winner that everyone thinks it is?”
Meanwhile, Family Dollar Stores is also scheduled to deliver earnings Wednesday. This stock has lagged its dollar store peers, Cramer said, so FDO is the stock some analysts “love to hate.” He remains bullish on Family Dollar and dollar stores in general, though.
After the close, hotel operator Marriott International will announce its earnings results. The Bethesda, Md.-based company recently caught a downgrade from JPMorgan, which troubled Cramer.
“It was one of those downgrades I took note of because it was so close to the quarter that I figured the guy knows something we don’t,” Cramer said. “That, to me, says be careful here.”
Either way, when it comes to lodging, Cramer continues to prefer Wyndham Worldwide because he thinks it offers more value.
Read on for Cramer's Game Plan for the remainder of the week.
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