Before the market’s open, Cramer will watch for Boeing’s quarterly results. The aerospace industry is red hot right now, but Boeing’s stock has lagged. If the company mentions sluggish 787 sales, he thinks the stock will drop to $70 a share. But if all is well, he thinks it could go to $76 or more.
Caterpillar will also report Wednesday morning. To Cramer, construction in the U.S. seems to be picking up, but things seem just the opposite in China. Nevertheless, he thinks Caterpillar will have a good story to tell.
Wyndham Worldwide is also scheduled to report in the a.m. The casino and hotel operator continues to blow away the numbers and it probably won’t disappoint this time either, Cramer said. This is a cheap stock that will probably go higher after it reports, he added.
Cramer will look for earnings from Cliffs Natural Resources after the close. The company recently raised its dividend, which tends to signal an upside surprise is coming. There are a lot of bears in the name, though. It’s also involved in coal, which has been struggling lately. So Cramer thinks it will be a solid trade going into the quarter, but that’s about it for now.
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