The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
Stocks fell for a third straight day on Thursday as Wall Street digested a mixed batch of corporate earnings results.US Marketsread more
Netflix blames its content slate, regional price increases and a "pull-forward effect" of its strong Q1 growth for the miss.Technologyread more
Netflix lost paid U.S. subscribers for the first time in eight years and fell below analyst estimates for international subscriber growth.Tech Driversread more
Nancy Pelosi and House Democrats argue the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
Jeffrey Epstein, a former friend of presidents Donald Trump and Bill Clinton, had asked a judge to release him on a bond of as high as $100 million or more.Politicsread more
Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million.Financeread more
Southwest joints United and American in taking the Boeing 737 Max out of its schedules through early November with no end in sight to the federally mandated grounding of the...Airlinesread more
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread more
Morgan Stanley highlighted 20 companies including Uber and American Express that it expects earnings will drive the stock price in the near-term.Investingread more
The filing came a day after the judge in Michael Cohen's criminal case ordered their release, saying that the end of a probe into those payments to alleged sexual partners of...Politicsread more
It is no secret to that as investors close in on the end of earnings season, it has been a vast disappointment. But not to Jim Cramer! In fact, he loved that the earnings were so terrible because it sets the bar really low for the rest of the year. And low expectations equal more money in your pocket.
When a majority of companies reported earlier in the year they cited disappointing earnings due to three points:
1. The strength of the U.S. dollar
2. European was in the middle of being beaten down
3. The lower price of oil had not yet penetrated its way through the system
Now the landscape has changed.
"I see the dollar putting in a top, I see Europe getting better than expected. I see order where others right now are gripped by chaos," said the "Mad Money" host.
This changing backdrop means that when companies report next week, investors won't hear CEO's whine and complain about all of the headwinds out there. Yippee!
This means that most companies reporting will be basking in the glow of low oil, better employment and insanely low mortgage rates.
With this in mind, here are the companies that Cramer will be watching next week:
Monday: Masco, Dun & Bradstreet
Masco: This cabinet, plumbing and paint maker has a ton of business in Europe. Cramer suspects it will have a risk reward factor and likes this one.
Dun & Bradstreet: This business information company reports after the close, and Cramer is expecting to hear good things.
Tuesday: CVS, Regeneron
These two companies are Cramer's favorites and he's super excited to hear from both.
CVS: Cramer is really hoping that the stock actually goes down, so that investors can buy ahead of the quarter.
"You may like a fine cabernet, or even a somewhat bitter pinot noir, but I like a terrific merlot namely, Larry Merlo the CEO. Sorry, I couldn't resist," said Cramer.
Regeneron: Though the biotechs have been getting slammed recently, Cramer still is a buy for this one. Not to trade, but to hold long-term. This company does not trade on earnings, it trades on FDA approvals. So if Regeneron reports disappointing numbers, this is an opportunity to buy on weakness.
Whole Foods: This stock has been making a real comeback now that it has been cutting prices, remodeling and offering loyalty to its shoppers. Cramer is watching for an upside.
Read more from Mad Money with Jim Cramer
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"Instead of reporting next Thursday, I wish WhiteWave were acquired by one of two other food companies reporting that same day, Kellogg or Kraft, both of which are desperate for natural and organic infusion, " said Cramer.
Ventas: This is Cramer's favorite real estate investment trust. He's loving the yield over 4 percent, and considers this one a buy