Cramer's 'Mad Money' Recap: Next Week's Game Plan (Final)
(Story updated to add Cramer's comments on growth stocks and how to trade Apple.)
NEW YORK ( TheStreet) -- While this week's trading action brought an overblown sell-off, Jim Cramer told his "Mad Money" TV show viewers on Friday that next week brings renewed hope. He said if there's another big sell-off, he's just got the stock to buy.
Cramer's game plan for next week included several "look-and-listen" earnings calls, including Clean Energy Fuels (CLNE) and Urban Outfitters (URBN) on Monday. He said Clean Energy should provide a read on natural gas adoption for America's truck fleet, while Urban Outfitters needs to detail a plan to reignite growth.
Tuesday brings a pair of investor conferences in the oil patch. Cramer said that Anadarko Petroleum (APC) and Chevron (CVX) should give investors a handle on the state of the world's oil and gas supply.
Then on Wednesday, Cramer said he'll be watching the short squeeze in Vera Bradley (VRA) , a stock he's previously said is far to hot to handle.
Next week also brings a Federal Reserve meeting on Tuesday and the February consumer price index and industrial production numbers on Friday, three more "look and listen" data points.
So what should investors actually buy next week? Cramer said he's bullish on the IPO of Dreamware, an ecommerce software maker. But his pick of the week was discount retailer Ross Stores (ROST) , a stock Cramer said he'd buy aggressively on any weakness or sell-off in the market.
In the "Executive Decision" segment, Cramer spoke with Gordon Kerr, president and CEO of Enerplus (ERF) , a Canadian oil and gas producer that sports a hefty 9.1% yield.
Kerr said the Enerplus has enjoyed a lot of successes in both the U.S. and Canada over its 25-year history and plans to continue to spend money adding acreage and reserves in both the Bakken and Marcellus shale fields here in the U.S. He said even with rising costs in the Bakken region, each long well that Enerplus drills provides $12 million to $13 million is profits for the company.
When asked about the companies financing options and whether Enerplus' dividend is safe, Kerr said that his company has a lot of flexibility, including the possibility to offer long-term debt, partner with others to develop some if its longer-term opportunities or sell an equity stake in some other investments that it has made. In short, Kerr said the dividend is safe and Enerplus will even be expanding its dividend reinvestment plan to include U.S. shareholders soon.
Kerr was also a big proponent of using domestic natural gas for surface vehicles. He said while gas prices haven't curbed economic activity yet, the ability to reduce the carbon footprint while using a domestic resource just makes sense. He said there's a great chance than ever that both the U.S. and Canada will be exporting natural gas soon given our huge supplies and inability to use it.