Jim Cramer's 'Mad Money' Recap: Next Week's Game Plan
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NEW YORK (TheStreet) -- The markets have a tough road ahead, Jim Cramer said on Mad Money Friday as he laid out his game plan for next week's trading. Cramer said the market needs both a stimulus plan from China and positive employment numbers here at home if it stands a chance at sustaining its gains.
That's why on Monday, Cramer said, he'll be watching China. The markets are hoping for a China surprise stimulus plan. If we get one the industrials will rally, he said -- but without one those recent gains could vaporize.
Then, on Tuesday, eyes turn to the U.S. with manufacturing PMI, construction spending and auto sales all hitting the tape. Cramer said if auto sales are strong he'd consider buying CarMax
Next on Wednesday, it's Monsanto
Thursday brings earnings from Micron Technology
Finally on Friday, it's the all-important non-farm payroll numbers. Cramer said he'd buy Bank of America
Throughout the next two weeks Cramer will be watch the flood of no less than 16 initial public offerings coming to market. He said this supply will overwhelm demand and could take the markets lower as well. Only the IPO of GrubHub, debuting on Friday, remains attractive, he concluded -- but not as much as it did a week ago given the sheer number of deals on the way.
Off the Tape
In his "Off the Tape" segment, Cramer sat down with Bastian Lehmann, co-founder and CEO of the privately held Postmates, the local delivery company that has just about anything delivered to your door in less than an hour.
Lehmann explained that Postmates does not carry any inventory of the items they deliver, rather "the city is our inventory." That inventory is then delivered by Postmates' network of 2,500 contractors in five cities.