Over the many years Jim Cramer has been involved with the stock market, he has seen the same sophomoric strategy over and over again this time of year: investors sell in September to avoid the treachery of October.
"But given that we are on track to have the best October in four years…maybe investors will think twice before they put their brains and portfolios on month-by-month autopilot," the "Mad Money" host said.
Next week is one of four weeks that Cramer says there are way too many companies that report. It will be a terrible time to make snap judgments, or it could crush your portfolio. That means after a company reports, wait to hear the conference call.
In Cramer's experience, an earnings release and simple headlines prove to be right only 50 percent of the time. So, it is important to do the homework.
With that in mind, Cramer outlined the stocks and events he will be watching next week.
Tuesday: United Technologies, Verizon, Chipotle
Chipotle: Lately, the stock has pulled back, but Cramer thinks this could be just profit taking. He recommended using deep-in-the-money call options to bet on this stock going into the quarter.
Thursday: 3M, Eli Lilly, Alphabet, Amazon, Microsoft, Caterpillar, McDonald's
This will be a hideous day for Cramer, and he's not looking forward to it. In fact, he thinks it will be absolutely miserable!
"It seems like everybody who hasn't yet reported decides to do it that session," he said.
McDonald's: Will it pull off something big? Cramer thinks CEO Steve Easterbrook has this company on a long-term turnaround, but it might be safer to wait and see what it has in store after the magnificent run the stock has had.