Cramer's 'Mad Money' Recap: Next Week's Game Plan
NEW YORK (TheStreet) -- Next week's trading will hinge on the latest jobs report, Jim Cramer cautioned "Mad Money" viewers Friday as he laid out his game plan.
Cramer said the wealth effect has been enough to overcome the market's sequestration fears, but worries about the Federal Reserve and its rampant bond buying all depend on a jobs number that's not too good, nor too bad.
Beyond the jobs report, Cramer said Ascena Retail Group (ASNA) will have his attention on Monday, as this once-loved retailer has become terribly disappointing. Cramer said he wants to see a solid quarter before even thinking about investing in this name.
Tuesday brings earnings from the rural-based Tractor Supply (TSCO) . Cramer said he's betting this company takes out its all-time high.
Then on Wednesday, a lot of activity. Brown Forman (BFB) is holding an analyst day and Cramer said he'd be a buyer on weakness. Likewise with Petsmart (PETM) , which reports earnings and Honeywell (HON) , both Cramer faves. He noted that he's worried about Exxon Mobil (XOM) , however, and would not be a buyer.
For "Speculation Friday," Cramer said that sometimes it's worth taking a second look at under-performing stocks that still have the potential to turn themselves around.
That's certainly the case with beauty product maker Elizabeth Arden (RDEN) , a stock that was crushed 16% on Jan. 31 after the company reported miserable results and slashed guidance for 2013.