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Cramer's 'Mad Money' Recap: Next Week's Game Plan

Tickers in this article: AA ALLT BABY BIIB BKW CELG CVX ETN ETP GOOG GRA HLF HNR HON JCI JDSU JPM MON PSX S SWN SZYM T TASR TEVA VZ WAG WFC
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NEW YORK ( TheStreet) -- It's a treacherous time to trade on earnings, Jim Cramer warned "Mad Money" viewers Friday, but it's a great time to listen to what companies have to say.

Cramer said that's why his game plan for next week's trading includes a lot of listening but not a lot of trading.

On Monday, Cramer said he'll have his eye on the JPMorgan Chase (JPM) health-care conference, where both Celgene (CELG) and Biogen Idec (BIIB) are expected to present. Cramer said he expects to hear great things from both of these companies.

Tuesday brings earnings from Monsanto (MON) and Alcoa (AA) . Cramer said Monsanto has rallied big, so he expects a sell-off, which would be a great time to buy. Alcoa will remain challenged, he said.

For Wednesday, it's the Walgreen (WAG) analyst day taking center stage and Cramer said he'll be waiting to hear about the company's international plans, which he expects to be good news for the stock.

Turning to Thursday, the Herbalife (HLF) analyst day will give the company a chance to respond to a rash of short selling, said Cramer, but he's continuing to stay far away from this heated battleground stock. Also on Thursday, Chevron (CVX) reports. Cramer said this would be a good name to pickup on weakness.

Finally on Friday, Wells Fargo (WFC) , a stock Cramer owns for his charitable trust, Action Alerts PLUS, will report. Cramer said this bank is taking huge market share in mortgages and he'd buy more if the stock gets hammered.

Break Up Johnson Controls

Some companies are worth more in pieces than they are as a whole, Cramer reminded viewers. He said Johnson Controls (JCI) , which was down 1.8% in a roller-coaster 2012, would be an excellent candidate for splitting itself into three separate companies.

Johnson Controls currently has three different divisions, each accounting for about a third of company sales. It's a big player in HVAC and building efficiency systems, it manufactures automotive seats and interior components and the company makes batteries, both old-fashioned car batteries as well as some newer hybrid batteries.

Johnson Controls currently trades at a discount to similar companies like Eaton (ETN) and Honeywell (HON) , noted Cramer, and with easy comparisons the stock should perform well even without a breakup. But with a breakup, the stock would be worth a whole lot more.

Cramer said that Johnson Controls is fairly valued using 2013 earnings estimates, but said that's the wrong ways to value the company's businesses, all of where are late-cycle recovery plays that are just coming into their sweet spot. If the divisions were separate and easy for investors to understand, they'd be using 2014 and 2015 estimates to value the potential for a strong housing recovery and continued strength in the auto markets worldwide, he said.

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