CNBC’s Jim Kramer on Friday walked investors on Wall Street next week, telling him to pay attention to new economic data and revenue. micron and Costco. He also suggested that many sectors will continue to gather, even if some investors may be skeptical of recent profits.
“In one of these days, there’s a top — the real peak — but what should be informed of the top is simply not doing the job,” Cramer said. “That’s why so many people really hate this market, but that’s what goes on higher.”
On Monday, Cramer suggested that Wall Street learn more about Friday’s meeting with President Donald Trump and Chinese leader Xi Jinping. The White House told CNBC that the two have made progress towards dealings on Tiktok, but there has been no agreement yet. Kramer said he believes the details from the Trump and Zinping discussion will drive inventory.
Tuesday will bring revenue from Autozone and Micron. He expressed optimism about the auto parts dealership business as many Americans drive used cars and carry out their own maintenance. Cramer said Micron is one of his favourite companies, but there is a “sink or swim business.” He said the chipmaker stocks ran on a massive scale and said he would wait for a pullback before buying.
New home sales data was released Wednesday, with Cramer saying he wants to see more deals. While the pool of old houses grew, he suggested that home sales would not increase until mortgage interest rates fell. Uniform maker Sinta And home builders KB Home Reporting Wednesday, Cramer said the former could bring “opposite surprises.” However, he said that KB Home might reflect peers Renalstocks fell after posting a revenue error on Friday.
Jabil Costco is scheduled to post revenues on Thursday. Cramer is positive at Jabil, saying there is a lot of demand for products from electronics manufacturers. He said he was in favor of keeping Costco, but showed that quarterly results may not move inventory.
On Friday, the Labor Bureau will report the latest Personal Consumption Expense Price Index, a key inflation indicator for the Federal Reserve. Cramer said ideally, the data indicates that tariff-related inflation is “essentially one-off.”
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