Cramer’s Earnings Game Plan for Next Week
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Food giant Kellogg will also deliver earnings Thursday.
"I think you want to own this stock going into this number as the company's restructuring is really taking off and it's beginning to grow again," Cramer said, adding Kellogg boasts a safe, juicy dividend yield. "Kellogg is an anti-'fiscal cliff' stock if ever there were one."
(Related: Jamie Dimon: CEOs Cutting Back Due to 'Fiscal Cliff'.)
Cramer is looking forward to an earnings report from Chesapeake Energy on Thursday, too. In a recent interview, CEO Aubrey McClendon told Cramer the company has raised a lot of cash and can grow its production by roughly 20 percent. He hopes to learn more about its plans during its conference call.
FRIDAY, NOV. 2
Liquor maker Beam will report earnings before Friday's opening bell. When it comes to liquor stocks, Cramer currently prefers competitor Diageo, but noted that Beam does represent a decent value at current levels. On the call, though, he hopes the company will comment on the industry's growth.
"There's lots of talk of slowing sales," Cramer said. "If Beam says there's no slowdown, I would be inclined to pick up Diageo, not Beam, off the call."
Finally, Chevron is scheduled to post its quarterly results on Friday.
"Chevron is far too often undervalued given its much better growth profile than most of the other majors, including Exxon," Cramer said. "If it's down going into the quarter and oil's strong the day before, it might be a good deep in the money near month call option play."
When this story was published, Cramer's charitable trust owned Apple.
—Reuters contributed to this report
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