In 2017’s biggest earnings week, don’t chase

Investing


Industrials: Tuesday will be critical in determining the strength of the industrial cohort, with earnings reports from General Motors, United Technologies, Caterpillar, 3M and Stanley Black & Decker.

Cramer expects all of them to deliver strong results, particularly given the post-hurricane cleanup projects in Texas and Florida and the boon from a weaker dollar.

“Now, you have to keep in mind that the moves in these stocks ahead of earnings have been pretty mind-blowing, so don’t freak out if the stocks can’t get more lift after they report. That especially goes for Caterpillar, which has been nothing short of phenomenal,” he said.

“But please be aware: if these stocks come in ahead of the quarter, that will most likely prove to be a buying opportunity, not unlike [Thursday’s] much-pilloried session,” Cramer added.

McDonald’s: The ubiquitous fast-food chain will report earnings on Tuesday, and with a red-hot stock, Cramer will be keeping an eye out for any potential weakness.

Chipotle: Cramer would be wary of Chipotle’s stock. The company reports earnings after the close, and the “Mad Money” host does not think it has bottomed yet after recent negative publicity.



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