CNBC’s Jim Kramer on Friday told investors what they’re looking for next week on Wall Street, including the latest non-farm pay report and revenue from it. Paychex and Nike.
“Lord of the employment numbers for all the other entries here. I know that everything related to this data center is overheating, so be sure to worry about me. But another part, the car house, the retailer is scary.” “Can Jay Powell save the rest of the economy without boiling the data center’s economy? Well, you know me. I think he’s done a pretty good job so far.”
On Monday, Cramer will pay attention to quarterly reports from carnival and Jeffreyscalling both companies “oddly important.” Cramer pointed out that the cruise industry has been working well since Covid. He said he believes that Carnival and his peers can continue to see the benefits. He also said investors were performing best in the market, adding that it would help boutique investment bank Jeffries to determine whether those stocks are justified.
Tuesday will bring revenue from Paychexpay processors and human resources companies for small and medium-sized businesses. Cramer said PayeChex is a solid indicator of the economy. Nike Also reporting on Tuesday, Cramer proposed that shoe makers are the most important company of the week. He isn’t sure if the upcoming report will “become a breakout quarter,” but he said there will be a breakout in the end as the company improves under new CEO Elliot Hill.
on wednesday, Konagra – The company known for various brands such as Birds Eye, Duncan Hines, and Marie Calender’s will report. Cramer is worried about Conagra’s oversized dividends and said the company would need a “statement surprise” to reverse the stock’s downward trend.
On Thursday, there is a lot of notable economic data coming from total car sales, weekly unemployment claims and durable products, Cramer said. But the most important information, he continued, is a non-farm salary report, which will be released on Friday. The hot figure could discourage the Federal Reserve from making another interest rate cut, Cramer suggested.
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Disclaimer CNBC Investing Club Charitable Trust owns shares in Nike.
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