Key Sectors Reporting Earnings This Week

The recent market rally has not been without skeptics. Mad Money host Jim Cramer is certainly among that group, calling the recent rally a “repulsive bull market” because it is not based on fundamentals. However, with several key sectors reporting earnings this week, Cramer believes the underlying situation could change.


Investors should take notice of these earning calls this week for any data they may provide to justify a bull rally.



Adobe [[ADBE]] and Research in Motion’s [[RIMM]] earnings reports should give investors an idea of how significantly Apple [[AAPL]] is hurting their business. Cramer advised investors to be prepared to buy Apple stock if either ADBE or RIMM mentions them on their earnings call.



Cramer recommended buying Bed, Bath and Beyond [[BBBY]] ahead of its quarterly report on Wednesday. Given the record low mortgage rates, he also recommends paying attention to Linear’s [[LLTC]] and KB Homes [[KBH]]. However, management from both companies were bullish even in the depths of the housing crisis.



Cramer again focused on the “red hot bull market in footwear” on Friday’s Mad Money show. While there have been some rumors of weak demand from Nike [[NKE]], Cramer buying on any dips. Cramer is also looking at Finish Line’s [[FINL]] report on Thursday for indications on the footwear sector in general.



The key earnings report in the food sector this week will be ConAgra [[CAG]]. Cramer likes the strong management team at CAG and believes the food giant is reaping the benefits of low commodity costs. Cramer also recommends investors buy Darden Restaurants [[DRI]] ahead of their earnings report on Wednesday. Darden will likely hear plenty of questions about the effect on seafood prices in the wake of the Gulf of Mexico disaster. However, Cramer is confident that the Gulf oil spill will have minimal effect on the company.



Cramer doesn’t believe that Jeffries [[JEF]] had a very hot quarter, but he is bullish on the stock because of financial reform.


Cramer also warned investors to stay away from Walgreen [[WAG]] given their ongoing feud with CVS Caremark [[CVS]].


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