CNBC's Jim Cramer walks investors on Wall Street next week, telling him to be aware of the next Federal Reserve meeting and revenue report. Fedex, micron and General Mills. He also warned that market action, regardless of revenue, is likely to be shaped by President Donald Trump and the Fed.
“No matter what you hear from these companies, this market will be hostages next week in the White House and the Federal Reserve,” he said.
Monday brings data on the consumer landscape in its retail sales report. Kramer predicted that consumers had pulled back their spending as the Trump administration fears the state of the economy and worried they would lose their jobs.
Tuesday marks the beginning nvidiaThe annual GTC conference will showcase artificial intelligence innovations from around the world. The home launch was also released on Tuesday, and Cramer said he would pay close attention to the outcome as all sorts of economic slowdowns will be reflected in housing data.
The Fed met Wednesday to read to investors about inflation and stated that the economic data released earlier this week is quite promising. General Mills also reported that day, with Cramer saying he doesn't expect a big result. Because of the artificially colored cereal, the company is at the intersection of Health and Human Services Secretary Robert F. Kennedy Jr., and its fattening products may not work out as consumers continue to use GLP-1 weight loss drugs, he added.
Thursday is a strong income day with businesses including parents at Olive Garden. DardenFedEx, Micron, Nike and Renal Set it to report. Cramer said he believes Darden will post solid results to deliver that value. The FedEx report may give investors the opportunity to buy stocks at discounts, Cramer said he was impressed with the company's management team. He will also be waiting to see if Nike shows that it is ready to go back on track and grow. And during Renner's report, “The wood is on the table.” And it could be debated negatively, he continued.
on friday, carnival Will Report, Cramer said the cruise sector has been gaining strength recently. Even the stock price doesn't reflect that. Cramer said inventory could rise as he doesn't think the carnival business is weak.
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