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Cramer’s game plan: Opportunities in week ahead

CNBC's Jim Cramer believes there's always opportunity in the market, that is, if you know where to look. So where is he looking, next week? Here's his game plan:

Mon., September 8

Cramer said Monday should start with a bang as Alibaba kicks off its roadshow.

"I've been consistently recommending Yahoo as a way to play Alibaba until it comes public, as Yahoo's is a huge shareholder in the company and I am reiterating that stance," Cramer said.

Tues., September 9

On Tuesday, tech will steal the spotlight as the Street turns its attention to the highly anticipated Apple event.

"Let me be very clear about this. I like Apple. I've liked it forever. However, this is an event that may have lost a lot of its surprise factor and even its wow factor because of the news flow ahead of the meeting. So my take is that if you don't own any Apple you might get a better chance to buy some at a lower price after the meeting. But this is not a call to trade Apple. I don't want to play that game. Just own it."

Elsewhere in the market, Cramer intends to sift through earnings from Palo Alto Networks, also due Tuesday.

"I believe Palo Alto has the most sophisticated software out there to stop attacks," he said. "That should translate into a very strong quarter."

Jeffrey Coolidge | Getty Images

Wed., September 9

Retail will land front and center on Wednesday as Restoration Hardware releases quarterly results.

"On the one hand, we had the recent earnings disappointment from Williams Sonoma, often considered to be a Restoration analogue. On the other hand, we got that amazing Home Depot quarter with its acknowledgement that there's been a sharp increase in big ticket spending," Cramer said. "Here's where I come out. This morning, Arum Rubinson, an analyst I respect from Wolfe Research, bumped up his "sell" recommendation to a "hold" in recognition citing some recent positive developments that make him uncomfortable recommending investors short the stock. I always take notice of these kinds of developments."

Given that 21 percent of the company's float is sold short, Cramer thinks investors could be looking for a squeeze.

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Thurs., September 11

If a broad market catalyst drags down stocks as a whole next week, Cramer says think about buying some Kroger, which reports on Thursday.

"It's an undervalued supermarket chain with growth characteristics that are sustainable if not downright spectacular. It's a terrific story if you can nab it when it's down," Cramer said.

Also Thursday, LuluLemon will release earnings, but if you're looking to get behind yoga, Cramer says to considerDeckers instead.

"Deckers hit a new high today," so you may want to buy, strategically, "but when you want to invest in the strong secular growth story that is yoga, I want you to think about Deckers, not LULU."

Fri., September 12

On Friday Cramer will be eager to hear from Darden.

"Now divested of the underperforming Red Lobster chain, and with the addition of some now in-house agitators, the activists from Starboard, it could become more focused and a just plain better operator. With a 4.5 percent yield and a new team, I say Darden could be a "buy." But there will be fireworks, so strap yourself in."

Call Cramer: 1-800-743-CNBC

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