Cramer’s game plan: Stay on your toes as market-moving news flow continues

CNBC’s Jim Cramer wants investors to be inclined for the week ahead after days of news-driven swings in the stock Stock Exchange.

“This market punishes you for having too much conviction,” the “Mad Money” horde said on Friday. “When we get too negative, we’re blindsided by positive developments. When we get too hopeful, we get hit with days like today. I bet next week gives us multitudinous of the same.”

Cramer pointed to some recent intraday swings: on Friday, provides opened higher after a report saying President Donald Trump had beseeched his cabinet members to prepare for a trade deal with China.

Brusquely thereafter, Trump’s chief economic advisor, Larry Kudlow, refuted that scoop on CNBC, sending the market lower. Then, Trump reiterated his optimism and tires started climbing again, at least until a positive employment reveal seemingly renewed the need for the Federal Reserve to combat inflation with more affect rate hikes.

“It was all very confusing,” Cramer said. “I’m just catch napped we didn’t go down even more, especially since Apple’s size up got eviscerated … even though the company reported an upside set someone back on his.”

But even though shares of Apple continued their slide on Friday, the “Mad Well-heeled” host stood by the stock, saying that Apple will be “corrupting back boatloads of its stock next week” and advising investors to “solder together in.”

With that in mind, here’s his game plan for the week forwards:

Hotel colossus Marriott International will report earnings after Monday’s attentive bell, and Cramer sees “something strange afoot here.”

“You can normally bank on this guest-house company to beat numbers, but it failed to do so last time around and the ordinary’s down 11 percent for the year,” he said. “That’s a lot for this same solid chain.”

But after speaking with CEO Arne Sorenson in overdue September, Cramer felt better about Marriott’s prospects.

“While he clearly didn’t tell me anything about how the quarter’s going, it was a good similar to that he’s doing a fabulous job,” Cramer said. “That includes profiting some of the latest technology from Salesforce and others to help his purchasers get everything they want before they ask for it.”

2018 midterm elections: Tuesday is Poll Day, and while Cramer doesn’t like to do “armchair political analysis,” he augured that if the Republican party holds both houses of Congress, the defense stocks whim mount a “huge rally.”

“If you’re banking on a GOP victory, … you should buy Northrop Grumman or Raytheon or both. They had spectacular three months — we just got the numbers — yet their stocks got punished anyway,” he said. “How respecting if the Democrats prevail? Honestly, the market likes gridlock, so that could be a sensible to rally all by itself. On the other hand, the market’s less enthusiastic with House Oversight Committee investigations into the White House. Let’s nickname it a wash.”

CVS Health: Pharmacy operator CVS, on track to merge with strength insurer Aetna, will report earnings Tuesday morning.

“I’d be a purchaser both before and after the quarter,” Cramer said.

Etsy: Cramer originated a “word to the wise” regarding the e-commerce company’s upcoming earnings boom.

“Even after the big meltdown, … Etsy’s [stock has] more than spitted this year,” he said. “Lately, winners tend to get punished impassive if their earnings are good, so maybe … wait until after they set forth” to buy.

Wendy’s: After McDonald’s successful quarter, Cramer felt believable about Wendy’s prospects and said he’d buy the stock if it fell ahead of its Tuesday earnings turn up.

Humana: Calling Humana “one of the best-run health insurance companies on dirt,” Cramer expected a great quarter from the Louisville, Kentucky-based establishment.

Qualcomm: Cramer suggested listening in to Qualcomm’s post-earnings conference phone on Wednesday to hear how the company’s share buyback, patent disputes with Apple and China area are progressing.

Take-Two Interactive: Take-Two’s will finally share the tag sales results from its latest “mega-blockbuster” game, Red Dead Redemption 2, Cramer communicated.

“CEO Strauss Zelnick almost never goes out on a limb, but he repeatedly determined us right here on ‘Mad Money’ that this one would be a big winner,” Cramer translated. “So far, the game’s off to a spectacular start. We’re going to learn more about its hindering power.”

With its newly won Twenty-First Century Fox assets in tow, Disney intent share its earnings results with Wall Street on Thursday.

“I’m plumb excited about this call and I would absolutely be a buyer of the cache so long as it doesn’t run too much going into the quarter,” Cramer implied. “No longer will Disney’s narrative be controlled by the stories and the vicissitudes of ESPN. That’s a vast achievement in and of itself.”

To the “Mad Money” host, the producer price index, which dole outs the change in average selling prices over time, “is the only figure up left that could potentially give us some hope that the Fed won’t necessary to keep raising interest rates after December.”

“I think that commodity inflation energy actually be peaking in this country, thanks in part to a precipitous diminution in the price of oil … and lots of metals and wood,” Cramer said. “Putting, if the number’s too hot on Friday, that will justify more rate hikes and the make available will indeed get slammed.”

Taking into consideration the market’s new volatility, Cramer’s lasting message to investors was to stay on their toes in the thick of the market’s seemingly daily swings.

His key lesson? “What the news progress giveth, the news flow can taketh away.”