Cramer's 'Mad Money' Recap: Game Plan for Next Week (Final)
NEW YORK ( TheStreet) -- Investors rejoice but traders beware. Those were Jim Cramer's words to his "Mad Money" TV show viewers Friday, as he laid out his game plan for next week's trading. He explained that Friday's unemployment data could wipe out any gains for the week, but that will only give longer-term investors a chance to buy on the cheap.
Tuesday brings Dominos Pizza (DPZ) and Emerson Electric (EMR) , two companies Cramer was excited about, but also Cummins (CMI) and Chesapeake Energy (CHK) , two companies Cramer was worried about. He advised taking profits in both names.
Wednesday's earnings include Allergan (AGN) , Clorox (CLX) , Time Warner (TWX) , Garmin (GRMN) and Continental Resources (CLR) , all companies Cramer said he'd be a buyer of. He was bearish on CVS Caremark (CVS) , which is losing customers to rival Walgreens (WAG) , and Green Mountain Coffee Roasters (GMCR) , a company with too many still unanswered questions.
Then on Thursday, it's Airgas (ARG) , Teradata (TDC) and AIG (AIG) , a stock Cramer owns for his charitable trust, Action Alerts PLUS, taking center stage. Cramer said he expects good things from all three companies.
But regardless of the earnings, Cramer warned investors that Friday's unemployment data will be key and a bad number will cause all of these names to go on sale.
Executive DecisionIn the "Executive Decision" segment, Cramer spoke with T.J. Rodgers, president and CEO of Cypress Semiconductor (CY) , a stock that received a 10% haircut after it lowered expectations in the first quarter, but is still yielding 3%.
Rodgers admitted to "screwing up" in the company's first quarter, albeit not as badly as they initially projected. That said, Rodgers noted that the company's guidance for the remainder of the year is conservative. "The only way for us to mess up now is to not execute," he concluded.
Putting his money where his mouth is, Rodgers also noted that he recently purchased 500,000 shares of Cypress stock, a bullish gesture that Cramer said is not seen by many CEOs.
Turning to the company's business prospects, Rodgers said that buttons on gadgets will become obsolete, as touch interfaces will be the way humans interact with everything from their watch to their TV in the near future. That trend, said Rodgers, leaves huge opportunities for touch controllers that Cypress manufactures. He also touted the company's investment in Deca Technologies as being another huge opportunity for Cypress.