Mad Money

Why a deal with Iran is good for stocks

Cramer lays market's cards on the table

The market on Thursday was so wild and out of control, Jim Cramer was surprised it even did anything. There were so many wildcards floating around at this point, investors are perplexed.

The first wildcard is the Iranian nuclear deal. There are so many investors' questions swirling around at this point, Cramer just wants to see a decision made. Is it good for the economy? Will Iran flood the world with oil when sanctions are removed? Will it sponsor fewer terrorist groups, or does this mean nothing at all?

"To me when I see these situations I always think that the conclusion, even a bad conclusion, eliminates uncertainty," the "Mad Money" host said.

Thus, any sort of an agreement would indicate to Cramer that the world is a more certain place. And if the world is a more certain place, he is more inclined to buy stocks then sell them.

"Yes, I'm saying this deal is good news," Cramer added.

In his perspective, the country is not at risk of Iran flooding the world with oil to cause the smaller oil and drilling companies from collapsing. The good news is that these companies have plenty of cash and opportunities to raise money if needed. Thus, the Iranian deal is a net positive from Wall Street's point of view.

Iranian Foreign Minister Mohammad Javad Zarif gestures gestures as he speaks during a press conference at the Swiss Federal Institute of Technology in Lausanne (Ecole Polytechnique Federale De Lausanne) on April 2, 2015, after the announcement of an agreement on Iran nuclear talks.
Fabrice Coffrini | AFP | Getty Images

Another wildcard out there is Friday's employment number. Predictions are all over the place for this!

"I think anything that shows we've created less than 300,000 jobs will be viewed as a positive by the market," Cramer said.

Cramer reminded investors that this isn't the same old Fed that is just looking at hiring numbers. They are taking into consideration various endpoints, thus the numbers are up in the air at this point.

So with Friday off as a break from the market and wildcards all over the place, here is what is on Cramer's radar for next week:

Monday: ISM Non-Manufacturing
Cramer expects Monday will be all about the employment number. And regardless of whether we get a good jobs number, March was still a weak month. Cramer suspects that the release of the ISM non-manufacturing survey will confirm this.

Tuesday: Dave & Busters
Dave & Busters: Cramer was never a fan of this company because of the inconsistency from the last time it went public. However, it looks like it might have gotten its act together this time around.

Wednesday: Alcoa, Rite Aid, Bed Bath & Beyond
Alcoa: This company acts as a barometer for the aerospace, turbine, car and non-residential industries. However, it is in the process of buying RTI International Metals, and Cramer suspects that this could impact Alcoa's stock until the merger closes. But he likes the deal and thinks it might be a good idea to start picking up some of the stock for six months from now.

Read more from Mad Money with Jim Cramer
Cramer Remix: Time to buy these oil stocks
Cramer: Market's No.1 enemy right now
Cramer: Oil patch is ready for buying

Thursday: Constellation Brands, Walgreens Boots Alliance
Constellation Brands: Cramer loves this stock ahead of the quarter, especially since it has delivered awesome earnings in the past.

Walgreens: Cramer recommended ringing the register for this stock, because he is concerned about drugstores with international exposure.

Friday: Consumer Confidence
This data point is important because it is relevant to both the retail and housing stocks, which are two of Cramer's favorite groups. He will be watching Lennar and Toll Brothers to see if they break out.

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