Cramer's 'Mad Money' Recap: Next Week's Game Plan
But his game plan for next week's trading is still to urge caution, so investors should do their homework and only buy on weakness and not into strength.
Cramer said on Monday he'll be watching Caterpillar (CAT) , a company he said has set the bar too high. He advised buying CAT only under $93. Yahoo! (YHOO) also reports on Monday, and Cramer said that company's new CEO continues to turn things around.
Tuesday brings EMC (EMC) , about which Cramer has some trepidation, along with Ford (F) , Pfizer (PFE) and Amazon.com (AMZN) . Cramer said he's a buyer of all three stocks, but only after they report and especially if they get knocked down.
On Wednesday, it's Boeing (BA) and Qualcomm's (QCOM) turn at bat. Cramer said he'd steer clear of Boeing and use United Technologies (UTX) or Honeywell (HON) for aerospace exposure. As for Qualcomm, Cramer said he wants to listen and hear that company's take on the saturation of smart phones.
Finally on Friday, Exxon Mobil (XOM) and Chevron (CVX) , a stock Cramer owns for his charitable trust, Action Alerts PLUS, will report. Cramer said he'd sell Exxon into any strength and buy more Chevron on any weakness.
In the "Executive Decision" segment, Cramer spoke with Dan Fulton, president and CEO of Weyerhaeuser (WY) , a stock that Cramer sold for Action Alerts PLUS after it had risen 36% over the past six months. Shares of Weyerhaeuser fell 2% in the day's trading after it reported a monster quarter.
Fulton said it's been a long time coming, but he now feels very confident about the housing recovery in the U.S. He said he was very encouraged by the turn in California as well as in other hard-hit areas of the country. Fulton also noted that Weyerhaeuser's export business, particularly to the Asia-Pacific region, remains strong and growing.
When asked about the effects of Hurricane Sandy on the building supply market, Fulton explained it will take time for the rebuilding effort to get into full swing. He said demand is already strong for both lumber and oriented strand board, or OSB, products, and that will continue as the building season gets underway.
Similarly, Fulton said Japan's rebuilding efforts after the tsunami there of a few years ago have also been slow to get underway because the primary concerns were for emergency shelter followed by the need to rebuilt infrastructure, both of which needed to be completed before a big rebuild in housing.