Jim Cramer believes there's always opportunity in the market. You simply have to know where to look.
And with 35 years of experience, Cramer knows where to look.
However, before he outlined specific opportunities, Cramer offered a word of caution. "No matter how well individual companies may do, we could see this whole market swoon if the mess gets worse."
As long as you keep geopolitical events top of mind every day, the following events could make you money in the week ahead, Cramer says:
Mon., June 16
On Monday, Cramer will be looking for insights on the strength of the recovery. "We get May industrial production numbers, and I think there are still plenty of people out there who believe the economy downshifted last month. I find that hard to believe. This number ought to clarify things."
Tues., June 17
On Tuesday, the health of the housing sector takes center stage with housing starts. "This group's been weak, and I'd love to see some bounce-back, but judging by the slowdown in mortgage applications, I don't think we'll get one."
Also Cramer will be looking at a single stock opportunity, with Bob Evans Farms reporting on Tuesday. Cramer thinks the quarter will be weak, but he's also a buyer of any pullback because he believes, ultimately, an activist investor agitating for change, will get the company to spin off its food division. The "Mad Money" host detailed his outlook at length earlier in the week. Click below for full details.
Wed., June 18
Like most of Wall Street, on Wednesday, Cramer will be squarely focused on the Federal Reserve with a statement due at the conclusion of the two-day meeting. "Also, I want to hear how the economy is doing from Janet Yellen's press conference."
However, Cramer said for boots on the ground insights about how the economy is doing, he'll also be listening to the FedEx conference call Wednesday morning. "I think the FedEx statement along with the Q&A tell you more about what's going to happen than pretty much any other source I can find. And I do want to be careful of the transports here given that oil might be bubbling higher."
Also, Cramer will be watching for the latest read on cloud computing as Red Hat delivers earnings. "I believe the whole group will climb higher, if the reaction to this key cloud play is positive. However, I think these stocks are still too expensive relative to the rest of the market and I prefer the cheaper old tech names such as Intel and Hewlett-Packard."
Thurs., June 19
On Thursday, Cramer will be looking for specifics from Rite Aid as it releases quarterly results. "I've liked Rite Aid for ages, and I continue to think it's a buy. But I want more color about issues involving the price it pays for drugs. The stock still hasn't found its footing since the negative news came out. If you haven't bought it yet, wait until after the quarter before you pull the trigger."
Read more from Mad Money from Jim Cramer
Cramer cautious, 'something unexpected may be imminent'
Trader 'tell' surfaces in energy stock
This tech IPO unlike most others
Also Thursday, Cramer will also be watching results from Kroger. "I think there's a ton of M&A activity coming in the space and Kroger might comment on it, which would put me on the hunt for some more takeover names in the supermarket aisles. I also hope Kroger can give us a read on Whole Foods, which has been trying to bottom lately, but I need to see a good number from that one before I put my natural and organic weight behind it."
Fri., June 20
On Friday, Cramer will be looking to see if fireworks explode as Darden reports earnings. "There's an activist calling for the heads of the management team, but the company's attempting to fix itself by selling off the faltering Red Lobster business."
Also Cramer will be monitoring results from Carmax, which he says, gives you a read on the best driver of the U.S. economy, the auto industry. "I think it was very strong in May." As a related play, Cramer said, "Watch Alcoa. These days, whenever we hear that auto and truck sales are strong, Alcoa runs up because cars and trucks are using more and more aluminum to keep their weight down."
Call Cramer: 1-800-743-CNBC
Questions for Cramer? firstname.lastname@example.org
Questions, comments, suggestions for the "Mad Money" website? email@example.com