'Mad Money' Recap: Next Week's Game Plan (Final)
NEW YORK ( TheStreet) -- Jim Cramer expects good things to happen in next week's trading.
He told his "Mad Money" TV show viewers Friday that they should be patient and stay constructive, using market declines to buy in and not bail out of stocks. Cramer said while his game plan for next week's trading hinges on Friday's latest labor report, there are still a few interesting stocks to watch out for.
On Monday, Cramer said he'll be listening to Arcos Dorados (ARCO) for a read on whether the stalled McDonald's (MCD) might be worth buying soon. He'll also be listening to the ConocoPhillips (COP) investor update. Cramer said this stock, which he owns for his charitable trust, Action Alerts PLUS, will be splitting into two companies and investors need to pay attention.
For Tuesday, Cramer said that Dick's Sporting Goods (DKS) and Vail Resorts (MTN) will provide a read on the sporting goods and consumer discretionary markets. He'll use Dick's call to see if there are other sports apparel stocks worth buying and see if Vail is slowing from higher gasoline prices.
Wednesday brings Brown-Forman (BF.B) , Ciena (CIEN) and a Honeywell (HON) investor conference. Cramer said he's bullish on Brown Forman and would pickup some Beam (BEAM) and Diageo (DEO) ahead of the release. He'd also buy Honeywell ahead of the conference. Ciena is in one of the worst industries out there, said Cramer, and he's not a buyer.
Finally on Friday there's the almighty labor report, the one number that will affect both the November elections as well as the short-term sentiment of the market.
Huge Short Interest
Some stocks just cannot be owned no matter how hot the sector it's in, Cramer told viewers. Such is the case with women's handbag and accessory maker Vera Bradley (VRA) . Cramer said while there's a huge bull market in women's accessories, Vera simply doesn't measure up to some higher-end rivals like Michael Kors (KORS) or Coach (COH) .
Cramer explained that the stock of Vera Bradley has become a battleground. On the one hand, the company excels in store growth, as it plans to expand its store count by 29% this year. But on the other hand, the company has been falling short in same-store sales growth, which trails that of Kors or Coach.