Earnings season begins with reports from major banks

CNBC’s Jim Cramer briefed investors on next week as Wall Street enters earnings season, highlighting reports from financial giants including: wells fargo, goldman sachs, citygroup, bank of america, morgan stanley and JP Morgan.

He acknowledged Friday’s big decline but said he didn’t think the trade signaled the end of the market’s multi-year bull run.

“This has been an eventful week, compounded by the sudden drop in U.S. Treasury yields that would normally signal good times ahead,” he said. “But it’s hard to think of anything positive that could happen after today, and there are definitely a lot of negative things that could happen.”

Kramer pointed to Monday as a start for the enterprise software giant. sales forceannual conference. He also said he hopes there will be some clarity on President Donald Trump’s plans to impose additional tariffs on China. Markets soured on Friday after President Donald Trump threatened “significant increases in tariffs” on Chinese goods imported into the United States to counter expanding restrictions on the country’s exports of rare earth minerals. On Friday night, President Trump announced on social media that he would impose 100% tariffs on imported goods.

Earnings season begins on Tuesday, starting with quarterly results. black rockWells Fargo and Goldman Sachs. Cramer said all three companies have had strong results this year and are “not a target of a trade war.” He suggested that Goldman Sachs could be in for the “biggest upside surprise.” JPMorgan and Citigroup will release their reports on the same day, and Cramer said he is optimistic about both banks’ results.

Tuesday also brings in the following earnings: johnson & johnson and domino pizza. Kramer said he expected the pharmaceutical giant to report the best quarter in the sector, but suggested the pizza maker could miss that prediction.

bank of america, morgan stanley and Abbott Laboratories is scheduled to report on Wednesday, and Cramer noted that Morgan Stanley has been surprisingly positive over the past few quarters. He also said that Abbott Laboratories is usually reliable.

There will also be an analyst meeting with Salesforce on Wednesday. dollar tree. Cramer noted that both companies’ stock prices have been under pressure of late, with Salesforce weighed down by concerns about artificial intelligence products and Dollar Tree weighed down by new tariffs.

Major trucking company JB Hunt and united airlines is expected to report on Wednesday, and Cramer said the two could provide solid information about the economy at a time when investors are largely lacking in economic data due to the government shutdown.

On Thursday, taiwan semiconductor, CSX and charles schwab Report your earnings. Kramer said he expects mostly positive numbers from Taiwan Semiconductor, which makes chips for industry leaders. Nvidia and AMD. Kramer said CSX is likely to explain its recent management shakeup, while Schwab could provide insight on retail participation in the market.

We will deliver your quarterly report on Friday. american express and the oil giant S.L.B.. Kramer said American Express stock prices tend to fall immediately after earnings. He added that SLB management typically “tells it like it is.”

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Disclaimer CNBC Investing Club Charitable Trust owns stock in Salesforce, Blackrock, Wells Fargo, Abbott Laboratories, Nvidia, and Goldman Sachs.