Mixed signals perplex markets: Cramer's 'Mad Money' recap

This market just can't seem to make up its mind, Jim Cramer told his Mad Money viewers Friday, as he laid out his game plan for next week's action. On one hand, we've got the best employment numbers in 40 years, but on the other, housing, autos, oils and retail are all slipping.

Cramer said he's starting the week watching for the latest read on durable goods orders, which will likely be bad. But he's also on the lookout for Schnitzer Steel (SCHN) , which popped 6.9% today on a promised executive action against illegal dumping. Cramer expects more positive action in the steels to come.

Next, on Tuesday, earnings from Darden Restaurants (DRI) and KB Home (KBH) . Cramer said he liked both companies, but prefers Toll Brothers (TOL) among the homebuilders.

Wednesday brings earnings from General Mills (GIS) , which will likely be disappointing, Paychex (PAYX) , which will likely be good, and an analyst meeting from Cisco Systems (CSCO) , which needs to show investors it still has more growth ahead.

Then on Thursday, Constellation Brands (STZ) reports, and as we learned yesterday, this is Cramer's favorite liquor stock. Also on Thursday, earnings from Nike (NKE) , a battleground Cramer said he's steering clear of, and Micron Technology (MU) , which will likely fall no matter how good its quarter.

Finally, Friday is the end of the quarter, which means more market gyrations will be likely.

Shares of Athena Health (ATHN) are up 37% in just over a month. Is there still more room to run?

Cramer said for years Athena had been a fast-growing stock, but as the company transitioned from growth to profitability, things began to get ugly. The company's bombastic CEO, and his "colorful" personality began to rub shareholders the wrong way.

Shares of Bed Bath & Beyond (BBBY) took a bath today, Cramer told viewers, and is likely beyond hope.

The home-goods retailer posted a huge earnings miss, delivering just 53 cents a share when the analysts were expecting 66 cents a share. Making matters worse, the company also saw a 2% decline in same-store sales.

It seems the better Bed Bath does online, the more it cannibalizes foot traffic in its stores. The company's free shipping offer over $29 is also a double-edge sword, as customers below $29 turn to Amazon (AMZN) and orders over $29 see a big hit to profits with free shipping applied.

In the Lightning Round, Cramer was bullish on Nutanix (NTNX) , Reynolds American (RAI) , Ulta Beauty (ULTA) , AGCO (AGCO) , KeyCorp (KEY) , Broadcom (AVGO) , Proofpoint (PFPT) and Mondelez International (MDLZ) .

Cramer was bearish on Mosaic (MOS) , Farmland Partners (FPI) , Applied Optoelectronics (AAOI) , FireEye (FEYE) and B&G Foods (BGS) .

Source: Bloomberg Pro Terminal

Jr Trader Alexander Kumanov

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