Cramer's 'Mad Money' Recap: It All Hinges on Europe
NEW YORK (TheStreet) -- Next week once again hinges on Europe, Jim Cramer told "Mad Money" viewers Friday as he laid out his game plan for next week's trading. Cramer said if the European leaders can come up with any sort of resolution, nothing else will matter. But if they don't, the markets just may give back all their gains from this week.
On Monday, Cramer said, he'll be listening to news from Ciena(CIEN) , Finisar(FNSR) and Texas Instruments(TXN) . All three will provide a gauge on tech spending, but only Ciena is likely to have anything positive to say.
Tuesday brings Juniper Networks(JNPR) , Michael Kors(KORS) and Biogen Idec(BIIB) . Cramer said Juniper is cheap but could guide still lower. Michael Kors will offer insight on the American consumer but this stock remains a battleground, said Cramer. Biogen Idec will likely have good things to say.
Then on Wednesday it's time for Dell(DELL) , which will likely offer lackluster results, and Senate testimony from J.P. Morgan Chase(JPM) . Cramer said that J.P. Morgan would be the stock to buy on a resolution in Europe, but otherwise take a pass.
Thursday's highlights include news from supermarket Kroger(KR) , Pier 1 Imports(PIR) , along with oil driller Apache(APA) and clothing giant VF Corp.(VFC) . Cramer said he'd take Whole Foods(WFM) over Kroger, but he expects good things from Pier 1. Apache and VF remain hotly contested stocks and while both companies may have positive things to say, it likely won't matter.
Cramer's bottom line: Keep an eye on Europe and be prepared to give up some gains.
In the "Executive Decision" segment, Cramer once again spoke with David Demers, CEO of Westport Innovations(WPRT) , a stock that had fallen 50% from its highs only to rocket higher by 34% this week on news of an agreement to build natural gas engines in partnership with Caterpillar(CAT) .