Cramer's 'Mad Money' Recap: Earnings Descend (Final)
NEW YORK (TheStreet) -- Everyone will be buzzing over tomorrow's unemployment number, Jim Cramer told his "Mad Money" TV show viewers Thursday, but when it comes to next week's trading, earnings will be the only thing that matters. Cramer told viewers to take a deep breath, because next week kicks off another important earnings season for the markets.
Cramer said that on Monday, the markets will be digesting tomorrow's unemployment data, a report that should have come out yesterday given that the markets will be closed Friday. But beyond that, Cramer suggested that tomorrow's report will largely be a non-event, and he expects numbers to be in line with expectations.
Tuesday will be a tough day for the markets, said Cramer, as both Alcoa (AA) and grocery chain Supervalu (SVU) kick off earnings season. Cramer told viewers to stay away from Supervalu, a serial underperformer that's just off its 52-week low. Alcoa, however, is tougher, as there's still too much aluminum being produced worldwide, despite continued cuts at Alcoa, he said.
Wednesday brings Titan Machinery (TITN) , a machinery company that will offer an early look into the agriculture and construction industries. Also on Wednesday, the Federal Reserve beige book report, another non-event, said Cramer.
Then on Thursday, it's Google (GOOG) in the spotlight. Cramer said this company is inexpensive, but does have many moving parts that investors like to pick apart. He told investors that Google is not a buy because of these many skeptics, but he still likes the company.