Jim Cramer from CNBC provided insights into the upcoming events on Wall Street for the following week, outlining key considerations for investors. He emphasized the challenges posed by a multitude of high-profile earnings releases, a Federal Reserve meeting, and a labor report.
Cramer cautioned that the abundance of reports and the Federal Reserve’s statements would create a challenging environment for making informed investment decisions. He advised against taking any spontaneous actions unless investors had already pre-determined their course of action and were indifferent to short-term performance.
Cramer’s Outlook for the Week: Federal Reserve Meeting, Labor Report, and Earnings from Big Tech (Credits: CNBC)
On Monday, Cramer highlighted the earnings reports from steelmakers Nucor and Cleveland-Cliffs, expressing confidence in their scarcity value and business strength to sustain pricing.
Tuesday was labeled a “classic example of the corporate traffic jam” with earnings reports from Pfizer, General Motors, Microsoft, Alphabet, Starbucks, and AMD. Cramer specifically anticipated insights into Microsoft’s artificial intelligence product, Co-pilot, and sought encouraging data from Alphabet’s cloud division.
Wednesday featured the Federal Reserve meeting, where Cramer sought clues about potential rate cuts if inflation remained under control. The day also included earnings reports from Mastercard and Boeing.
Cramer noted Boeing’s continued challenges with the 737 issue, expressing curiosity about the associated costs. Regarding Mastercard, he predicted stronger results compared to Visa but acknowledged it as a “wait and see” situation.
Thursday was marked by significant earnings reports from Honeywell and Merck in the morning, followed by Apple, Amazon, and Meta in the evening. Cramer focused on understanding advertising revenue trends for Meta and Amazon while also keenly awaiting iPhone guidance and insights into Apple’s business in China.
On Friday, Cramer directed attention to earnings reports from oil giants Chevron and Exxon, alongside employment data. He highlighted the significance of the unemployment rate, stating that if it did not reach 4%, investors should not anticipate a March rate cut from the Federal Reserve.
Cramer’s comprehensive guide to investing was recommended, and interested individuals were encouraged to join the CNBC Investing Club to stay updated on his market moves.
