Mad Money

What Cramer’s Watching Next Week


What follows is Cramer's "Game Plan" for the week of Monday, Dec. 19.

Monday, Dec. 19

Problem Rooted in Europe, Not USA: Cramer

Cramer will look for Red Hat to report its quarterly earnings results. The Raleigh, N.C.-based technology company provides open source software solutions, as well as enterprise-ready open source operating system platforms. Red Hat’s products help customers save money, Cramer said, so he expects the earnings will be strong.

Tuesday, Dec. 20

Before Tuesday’s opening bell, Cramer will monitor an earnings conference call from Carnival. He thinks this cruise ship operator is a great measure of consumer confidence being as cruises is discretionary spending.

General Mills will also report on Tuesday morning. The Minneapolis-based food company recently raised its dividend, so Cramer expects its quarter will be inline with expectations.

After the closing bell, Jabil Circuit will deliver earnings. Cramer thinks this contract manufacturer is one of the most consistent companies in the technology and health care sectors. So many businesses outsource to this company, saving clients lots of money on manufacturing costs. That said, he thinks Jabil will beat expectations yet again.

Sports apparel maker Nike is also scheduled to announce its earnings results after the close. This is a very consistent company that also happened to recently raise its dividend, so Cramer thinks its quarter will be just fine.

Cramer will also look for earnings results from Paychex , a payroll processing company, after the close.

CVS Caremark will hold its investor and analyst day on Tuesday.

Cramer thinks the drug store operator will beat up on rival Walgreen , which is currently fighting with pharmacy benefit management company Express Scripts .

Wednesday, Dec. 21

Cramer is looking forward to Walgreen’s earnings results on Wednesday. He’s looking for an update regarding its squabble with Express Scripts, as mentioned earlier. There is some chatter indicating the fight could be coming to an end, he added.

After the close, Cramer will watch for Bed Bath & Beyond’s quarterly numbers. The retailer has been performing well lately with good growth, a strong balance sheet and no exposure to Europe’s debt woes.

Technology company Tibco is also delivering its earnings numbers on Wednesday. Cramer expects good things because cloud computing has been all the rage lately.

Thursday, Dec. 22

Italy’s retail sales numbers could possibly be the most important number to come out next week, Cramer said. After all, the ratings agencies are looking for any reason to downgrade Italy. So if its retail sales numbers are weak, there could be a downgrade. Look for these numbers on Thursday.

Friday, Dec. 23

November new home sales data will be released on Friday, Cramer said. He hopes new home sales aren’t up because homebuilders need to stop building new homes, so the market can get to the bottom of the old inventory. But the homebuilders have only continued to build lately.

Finally, Cramer said the French producer price index should come out Friday. He thinks it should show that inflation isn’t Europe’s real problem. Instead, it will show that deflation is the problem.

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