CNBC’s Jim Cramer said next week could provide important answers for technology stocks after a blockbuster quarter. Dell Technologies Enthusiasm for data center trading has grown even more.
“Looking back, I guess you could say this was the moment when Dell simply took over the computer space,” the “Mad Money” host said Friday, calling the company’s recent financial results one of the biggest “explosions” in memory.
Companies related to technology, especially artificial intelligence infrastructure, dominated the market this year. But he said one notable laggard has emerged. Nvidia.
That could start to change next week when CEO Jensen Huang gives a keynote speech at Computex in Taiwan. Cramer said the event is historically a “pivotal moment” for Nvidia and could include new announcements, especially regarding PCs. Executives at other major technology companies arm holdings, marvel technology, intel and Qualcomm We will also participate in Computex.
Kramer then turned to the week ahead.
Monday
In addition to Mr. Huang’s presentation, Merck will host a review of the company’s cancer portfolio after the annual ASCO meeting to give investors a closer look at the company’s pipeline.
Tuesday
dollar general Rival subsequent report dollar tree It announced stronger-than-expected results on Thursday. Kramer expects Dollar General stock could rebound.
After the bell, palo alto networksThe company reported that it is a holding in Cramer’s Charitable Trust, a portfolio managed by CNBC Investment Club. Stocks often recover earnings before profit-taking begins, but Cramer said the rise in AI-powered cyber threats could support performance.
Ulta The company’s report comes after a difficult year, with its stock price falling significantly since its last earnings report in March. Deutsche Bank lowered its price target on Friday ahead of the company’s earnings release. “It was unpleasant,” Kramer warned.
Wednesday
medical equipment manufacturer medtronic The report comes after a grueling ordeal for a wide range of medical technology groups. Kramer said he’s not ready to take an aggressive stance on the stock yet until he looks at this quarter.
After the transaction closes, 2 shares in a charitable trust — broadcom and cloud strike – Report. Kramer said that although Broadcom stock has lagged some of its AI chip competitors this year, it “could have a good quarter.” Meanwhile, CrowdStrike is on a “parabolic” trajectory and could face profit-taking even on strong financial results, Cramer said.
discount retail stores Five Below is also reported. After a sharp pullback from its highs, Cramer said he likes the stock “very much here.”
Thursday
network company siena But Kramer said the company’s proprietary technology has room for further growth.
meanwhile, lululemon The company is facing what Cramer described as a potential “reset quarter” amid continued turmoil, and he has warned investors not to buy shares ahead of earnings.
Friday
The week concludes with the Labor Department’s monthly employment report, which could set expectations for a rate cut.
“This is a very important number,” Cramer said, because the Fed under new Chairman Kevin Warsh “needs to get the numbers weak enough to justify cutting rates.”
