Cramer's 'Mad Money' Recap: Next Week's Game Plan
NEW YORK ( TheStreet) -- Next week, it will be almost impossible to make money, Jim Cramer told "Mad Money" viewers Friday, but that doesn't mean investors can't listen and learn and prepare their next moves.
Cramer reminded viewers that the heart of earnings season is the most difficult time to trade, which is why he recommends sitting on the sidelines until after companies report.
So what will Cramer be listening to? He said that on Monday, he'll be listening to PPG (PPG) to see how that company is faring as worldwide growth returns and commodity costs remain low.
For Tuesday, Cramer said Lennar (LEN) will provide an outlook on housing in the U.S., while on Wednesday JPMorgan Chase (JPM) will offer a look into the banking world. Cramer said he'd be a buyer of eBay (EBAY) on any weakness after that company reports on Wednesday, and would also pounce on Kinder Morgan Energy Partners (KMP) .
Finally, on Friday it's General Electric (GE) taking center stage, along with Johnson Controls (JCI) and Schlumberger (SLB) . Cramer said GE, another Action Alerts PLUS name, should be able to beat expectations and he hopes to hear good things from Johnson Controls and Schlumberger over the long term.
For "Speculation Friday," Cramer featured sports apparel maker Quiksilver (ZQK) , telling viewers that timing is everything, and in this case the timing may be all wrong. Quiksilver has been in the crosshairs of the Wall Street analysts, with Goldman Sachs recently upgrading the stock while Piper Jaffray downgraded the company.
Cramer said Quiksilver has been a wild ride, with the stock soaring in 2005 only to find itself near bankruptcy in 2008. The company does have a new CEO as of today however, something that Goldman noted as a big plus for the company. But Piper noted that while we don't yet have holiday sales data for Quiksilver, the evidence from those retailers that sell Quiksilver merchandise has not been promising.
Cramer said he's siding with Piper's research, as Quiksilver has an inconsistent history of delivering on its promises, and any turnaround at the company will likely take time to bear fruit. The company is aggressively cutting costs but it also has a terrible balance sheet, he noted. Quiksilver also derives 35% of its revenue from Europe, which is a big number that won't likely turn around until later this year.