Cramer's 'Mad Money' Recap: Next Week's Game Plan
NEW YORK (TheStreet) -- If we want Friday's rally to continue, we need new news out of China, Jim Cramer told "Mad Money" viewers as he laid out his game plan for next week's trading.
Cramer said the rally was all about money managers covering their shorts ahead of a possible Chinese stimulus plan and if one arrives on Monday, the markets will be off to the races.
That's why on Monday Cramer will be watching Citigroup(C) , a bank that he doesn't like as much as some domestic names. But if China can jump-start the rest of the world's economies, Citigroup might become more attractive.
Tuesday brings earnings from Johnson & Johnson(JNJ) , Coca-Cola(KO) and Intel(INTC) . Cramer said he hopes to hear the phrase "unlock value" from J&J, but expects rough earnings from Coke between a strengthening dollar and a shortage of corn.
Intel's earnings will also be tough, but if the stock manages to hold its ground Cramer said it might be time to buy into all of tech.
For Wednesday, Bank of America(BAC) , US Bancorp(USB) m Honeywell(HON) and Yum Brands(YUM) will be reporting.
Cramer said Bank of America will likely be bad and US Bancorp good, but he wants to hear about aerospace from Honeywell before opining. Cramer said that it's time to sell Yum Brands ahead of earnings given the weakness in China and rising grain prices.
Then on Thursday, Verizon(VZ) and Google(GOOG) take the stage. Cramer said that Verizon remains a favorite but Google will struggle with a huge business in Europe and nothing in China.
Finally, on Friday, General Electric(GE) reports. Cramer said he wants to hear good things from GE's financial services division and hopes strength there can offset the company's alternative energy business.