Cramer's 'Mad Money' Recap: Next Week's Game Plan
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NEW YORK (TheStreet) -- After this week's stellar rally created by the Federal Reserve, investors want to know where things go from here, Jim Cramer said Friday.
So he laid out for "Mad Money" viewers his game plan for next week's action.
Earnings reports will be sparse next week, but it's the heart of conference season, which is when big money managers decide how they're going to play the rest of the year.
That's why Cramer will be watching the Salesforce.com (CRM) conference on Tuesday. He said investors could use deep-in-the-money calls, particularly the November 140, ahead of the event.
Also on Tuesday, an analyst day for AFC Enterprises (AFCE) , purveyors of the Popeye's restaurant chain, along with earnings from FedEx (FDX) and Manchester United (MANU) . Cramer said AFC remains a keeper and he'd be a buyer of FedEx on any weakness. Manchester United remains in the sell block.
Wednesday brings an energy and a global life-science conference, events which could be good news for Schlumberger (SLB) , EOG Resources (EOG) , Biogen Idec (BIIB) and Celgene (CELG) .
There's also earnings from Bed Bath & Beyond (BBBY) and Ascena Retail Group (ASNA) . Cramer said he'd use September 65 calls for Bed Bath but would be a buyer of Ascena outright.
For Thursday, Oracle (ORCL) and Tibco (TIBX) earnings come into focus. Cramer said both names are starting to move as the seasonally strong tech season is upon us.
Finally, it's Darden Restaurants (DRI) and KB Homes (KBH) reporting on Friday. Cramer said he's fearful of owning Darden going into earnings and is also wary of KB Home.