What follows is Jim Cramer's "Game Plan" for the week of Monday, Dec. 16.
MONDAY, DEC. 16
The week will begin with a read on the world's economy, the "Mad Money" host said. The release of the Purchasing Managers' Index from both China and the Eurozone will gauge the manufacturing activity growth in both parts of the world.
"Given that many portfolio managers are looking for a resurgence of international industrials based in the United States, the profit-taking in this cohort's been downright horrendous," Cramer said. "So strong numbers from Europe and China could allow for a nice oversold rally."
TUESDAY, DEC. 17
The Federal Reserve will hold its last policy-setting meeting of the year on Tuesday. The meeting is scheduled for two full days, so the central bank will not release its results until Wednesday at 2 p.m. ET. But from employment to housing, among other signs of economic strength, Cramer said there's a chance the Fed may soon become less accommodative.
Meantime, Jabil Circuit is scheduled to report earnings. To Cramer, Jabil is a barometer on its customers' demand, which is thought to include Apple.
WEDNESDAY, DEC. 18
The 2 p.m. ET Fed announcement will likely garner the most attention, but Cramer will also look for earnings from Federal Express. The package delivery company will give a read on how Asia's economic strength and ecommerce sales.
General Mills is also scheduled to deliver earnings on Wednesday. Other than deflation, Cramer doesn't see a lot of upside for this food company. With a 3 percent dividend yield, it had been attractive to investors looking for a return, but with the end of the ultra-low interest rates, Cramer thinks it might now wind up getting sold regardless of its results.
Homebuilder Lennar will also announce earnings on Wednesday. Cramer thinks it will post a good number, but warned investors that its stock might face resistance because the homebuilders don't seem to have any believers left.
Affter the bell, Oracle will post earnings. The software company is the market leader, but Cramer isn't sure he wants to own it because the industry has moved onto different technologies.
THURSDAY, DEC. 19
ConAgra will share its earnings on Thursday. Cramer thinks the food company bit off a little more than it could chew when it bought Ralcorp, so he wants to hear how things are going now.
Darden, the parent company of both Red Lobster and Olive Garden, will also report on Thursday. Cramer warned investors that the restaurant operator is "not a earnings story," so it could very well disappoint the Street.
After the close, Nike will announce earnings. Cramer thinks it will have good results.
Pier 1 is also scheduled to report. Though the home furnishings company disappointed in its latest release, he thinks CEO Alex Smith will have turned things around.
FRIDAY, DEC. 20
Finish Line is expected to post earnings Friday. Cramer recommends investors take a shot at the stock before the athletic apparel retailer reports.
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