The July jobs report released on Aug. 6 will matter more than any company's quarterly earnings, Cramer said on Friday's Mad Money.
"We can get all the positive earnings you ever dreamed of," he said. "But if we get a disappointment on Friday, you can kiss your gains goodbye."
The consensus on Wall Street for the July report puts the unemployment rate at 9.6%, Cramer said, with nonfarm payrolls down 60,000 and an increase of 100,000 jobs in the private sector. While he doesn't expect the jobs report will beat the Street's expectations, he is keeping in mind that a disappointing number could cancel out any gains.
With that omen hanging over the week ahead, here are earnings reports to watch:
The week begins with two of Cramer's favorite wireless tower plays, SBA Communications after Monday’s closing bell and American Tower on Tuesday morning. He has high expectations for these stocks not only because they're "key parts of the mobile Internet tsunami," but also because Verizon , AT&T , Sprint and Crown Castle all recently reported strong earnings.Page 1 of 4 | Next Page