Cramer's 'Mad Money' Recap: Next Week's Game Plan (Update 2)
(Story updated to add Cramer's Lightning Round picks, his take on a number of stocks in his homework segment and his concluding remarks.)
NEW YORK (TheStreet) -- If investors remember one thing about the stock market, it should be that 2012 is not like 2011.
That's what Jim Cramer told his "Mad Money" TV show viewers Friday, as he once again reminded them that we're in a stock picker's market. That's why his game plan for next week's trading is all about individual companies.
On Monday, Cramer said he's watching Lions Gate Entertainment (LGF) to see how opening weekend goes for "The Hunger Games." He said anything less than $120 million in ticket sales and investors need to sell.
Cramer said Lennar needs to post a strong number, or all of the gains in the home-related stocks will be at risk. He was bullish on both spice-maker McCormick and apparel-maker PVH, but said he's a seller of Walgreens and would pick up some CVS Caremark (CVS) instead.
Wednesday brings Family Dollar (FDO) , Paychex (PAYX) and Red Hat (RHT) . Cramer said expectations are high for Family Dollar and he would use any weakness in the group to buy Dollar Tree (DLTR) . He remained bullish on Paychex, a stock with a 4% yield, and cloud software purveyor Red Hat, which is up 25% for the year.
For Thursday, Cramer said it's all about Best Buy (BBY) and Research in Motion (RIMM) . Cramer is not a buyer of Best Buy and said using the April 25 call options would be a better play for investors looking to gamble on earnings. He had nothing good to say about Blackberry maker Research in Motion.