The tone of this market has changed ever since Treasury Secretary Tim Geithner said there would be no Lehman style collapse in Europe, Cramer said Friday.
So now you can pay attention to what individual companies have to say. With that in mind, what follows is Cramer’s “Game Plan” for the week of September 19.
Monday, September 19
The homebuilder Lennar reports before the open Monday. While Cramer expects “okay” numbers, he is particularly interested in the commentary on the conference call. He’ll be looking for any signs indicating when housing will bottom.
Conference season is in full swing, and Cramer thinks many of them can be market movers. So he’s watching the UBS Global Life Sciences Conference, where Celgene will present, which begins on Monday and runs through Thursday.
Tuesday, September 20
AutoZone announces earnings before the bell Tuesday. The Mad Money host’s betting this stock moves higher, and suggests buying deep-in-the-money calls for Tuesday.
Cramer is also interested in finding out how the European cruise business is doing when Carnival reports ahead of the open. And he’s got his eye on ConAgra , which also reports before the open. He wants to know what happened with its bid for Ralcorp.
After the close, we’ll get results from Adobe . Cramer thinks the company is in the crosshairs of Apple, which is going to earn much more than expected.
Oracle also reports after the closing bell. It had a disappointing quarter last time, and if it doesn’t reverse it will get hammered. But don’t forget, Cramer said, now is the season to own tech. So if Oracle does anything respectable, he thinks it will go higher.
There are also two conferences that begin Tuesday. Goldman’s Communicopia Conference runs through Thursday, and Cramer expects chatter out of Viacom , Electronic Arts and American Tower . He’s also looking for news about Yum! Brands out of JP Morgan’s US All Stars conference, which runs Tuesday and Wednesday.
Wednesday, September 21
General Mills announces its results before the open. The fundamentals are fine, Cramer said, but the upside is limited. But he thinks Bed Bath & Beyond will soar after it reports Wednesday after the bell thanks to a strong back-to-school season.
Red Hat , which is, in part, a cloud play, is also set to announce its earnings after the close. Cramer thinks it will deliver. If he’s right, he suggests buying some Salesforce.com because it is the “quintessential cloud play."
Thursday, September 22
Before the open, FedEx announces its earnings. Cramer believes the risk has been taken out of this name thanks to a slew of downgrades. He thinks it has become a contrary idea and if it stays around this level, he would buy.
After the bell, we’ll hear from Cramer fave Nike . The company has had a history of selling off after it reports, but Cramer thinks business is strong. He just warns to beware of a run-up beforehand.
Friday, September 23
National homebuilder KB Home reports before the bell and like Lennar, Cramer expects to hear that thinks are “fine, not great, not bad."
Call Cramer: 1-800-743-CNBC
When this story was published, Cramer’s charitable trust owned Apple, Oracle, Nike
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