What follows is “Mad Money” host Jim Cramer’s “Game Plan” for the week of Monday, April 9.
MONDAY, APRIL 9
Before the market looks for earnings reports, Cramer thinks it will digest payroll employment data, which the U.S. Department of Labor will release the Friday before. But because the market is closed Friday, investors won’t have a chance to react to the news until Monday. Cramer thinks the data will be inline, but he said it’s still good to have on your radar.
TUESDAY, APRIL 10
Earnings season begins with reports from both Supervalu and Alcoa . The former is a “poorly run” supermarket chain, Cramer said. Its stock recently hit its 52-week low and has been a “serial underperformer” with a juicy 6.7 percent dividend yield. Company executives will probably claim they’ll preserve the dividend right up until they cut it, Cramer said. Needless to say, he doesn’t recommend Supervalu’s stock right now.Page 1 of 3 | Next Page