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CNBC’s Jim Cramer on Friday looked at what’s happening on Wall Street next week and explained how to prepare for a slew of earnings that will be in the spotlight, not just the Federal Reserve and labor data.
Cramer warned that next week’s deluge of reports and Fed comments will make it a difficult time to make solid investment decisions.
“You should expect to beat even the best pros next week, so don’t even think about doing anything on your own unless you’re determined in advance and don’t mind short-term performance,” he said. said.
On Monday, Kramer said the steelmaker would keep an eye on it. new core and cleveland cliffs Report your earnings. He said he believes both companies have scarcity value and enough business to continue raising prices.
Kramer called Tuesday “a classic example of a corporate traffic jam.”. ” This day will feature earnings reports from the following companies: pfizer, general motors, microsoft, alphabet, Starbucks and AMD. He said he was waiting for Microsoft’s comment on the sale of its artificial intelligence product Co-pilot. Alphabet needs to show promising data from its cloud division, he added.
The Federal Reserve will meet on Wednesday, and Mr. Cramer will look for clues that the central bank will cut interest rates if inflation is brought under control. On Wednesdays, you can also earn: master Card and boeing. Mr. Kramer said the plane maker is “back in purgatory” because of the continued failures of its 737s, and he wants to know how much purgatory it will cost. He expected Mastercard to perform better than peer Visa, but acknowledged it was a “wait and see” situation.
Thursday was another big earnings day, and here are the morning reports: honeywell and Merck after that apple, Amazon and meta After closing. Kramer said he would like to know what happens to ad revenue from Meta and Amazon. As for Apple, we’ll be waiting for next quarter’s iPhone guidance and information about the company’s China operations.
On Friday, Cramer said he would focus on the oil giant’s earnings. chevron and exxon Also employment data. He said investors should not expect the Fed to cut interest rates in March unless the unemployment rate reaches 4%.
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