As Wall Street enters the height of earnings season, CNBC’s Jim Cramer pinpoints the most important events coming next week, including the Federal Reserve and Big Tech earnings.
Cramer said earnings are especially important as the government shutdown lags macroeconomic indicators. He added that Friday’s gains were quite alarming.
“If it weren’t for today’s incredible rally that took technology to the moon, we wouldn’t be so worried about next week,” he said. “But given the unbridled nature of this movement, I feel like we need to put some twist on today’s feast. If not, we might as well scrap next week’s Halloween and call it an early Christmas.”
Monday brings profits from steel giants new coreCramer said he thinks management will applaud President Donald Trump’s tariffs, but doesn’t expect the company to take a big hit. Kramer suggested the tariffs would help prevent other countries from dumping steel into the United States, allowing them to sell government-subsidized products at much lower prices than domestic manufacturers.
on tuesday, united health, SoFi, Celestica and UPS I will report. Kramer said UnitedHealth could reveal whether a government investigation into its billing practices was harmful. SoFi, a digital bank, is trading so large that Cramer said he wonders if there is anything that could justify a move beyond the current situation. He said Celestica is a great high-tech manufacturer whose products are in demand and suggested it can continue to rise. Mr. Kramer said UPS’s quarter provided a “reasonable risk reward.”
consumer name VF Corporation and royal caribbean A report is expected on Tuesday. visa and seagate. Kramer said he expects apparel maker VF Corp. to perform well despite last quarter’s “less than satisfying results.” He praised cruise company Royal Caribbean, saying its stock has performed well post-pandemic. Kramer called Visa a “clockwork stock” that never misses a beat, but disk drive company Seagate could report a crash.
Wednesday brings in a number of celebrity earnings, including: CVS, caterpillar, boeing and starbucks. Cramer said he thinks the retail pharmacy giant will have a better-than-expected quarter, and suggested investors should lock in profits even if Caterpillar had a good quarter, as Caterpillar has posted strong profits recently. He went on to say that Boeing should offer “subdued positives” and believes the aircraft maker is in a good position in the ongoing trade war. Cramer added that while Starbucks may do a little better than expected, “Brian Niccol’s humility will be a sign of the times.”
Major tech companies are scheduled to report on Wednesday. alphabet, microsoft and Meta. Cramer predicted that all three companies would deliver strong results, and suggested that Microsoft could be the strongest of the group. He said Alphabet’s quarter will be supported by its Waymo, YouTube and search businesses, while Meta will focus on advertising and discuss Ray-Ban glasses.
chipotle pepper, ServiceNow, Carvana and Agnico Eagle Financial results are also expected to be announced on Wednesday. Cramer said the Mexican restaurant chain “doesn’t seem to be able to deliver” and that this quarter could be “make or break in maintaining the company’s growth status.” He said cloud software company ServiceNow could have its best quarter this week and that Carvana could “blow the doors off” if it reports that. Cramer recommends owning Agnico Eagle gold stock over peers Newmont.
The Federal Reserve will meet on Wednesday. Cramer said the economy appeared to be starting to stall and consumer price indexes were good enough to justify lowering borrowing rates, and he expected the central bank to cut interest rates by a quarter of a percentage point.
master card and Eli Lilly He is due to report on Thursday and said he believes the former should have a solid result, but the latter is “out of luck.” Kramer suggested that major pharmaceutical companies need to announce new uses for GLP-1 drugs or say when they will launch tablets.
Thursday also brings gains from tech giants. Amazon and apple. Cramer said Amazon needs its web services division to grow or its stock price won’t rise. He said Apple should have a “good story to tell over multiple years” and argued that investors should own the stock rather than trade it.
oil major chevron and exxon I will report on Friday. He said both stocks are “laggards” that are linked to oil prices, so it will be difficult for them to gain momentum.
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