CNBC’s Jim Kramer on Friday walked investors on Wall Street next week, highlighting new economic data and expected announcements appleThe latest iPhone. He also warned that September is usually a tough month for the entire market.
“When we head towards next week, we should keep in mind that in September it’s a historically scary month for the market where bad news is bad news and good news is fleeting,” Cramer said. “It’s not the end of the world, but it’s a terrible stretch of the calendar.”
On Monday, Cramer pays attention to quarterly reports from Casey’s general store. He added that he likes the company’s retail concept and holds a favorable position in small US towns. Cramer suggested buying some shares before and after the report, declaring the company “is the kind of off-the-scene story that could work with this tape.”
apple The iPhone 17 is scheduled to be released on Tuesday, and Cramer said it clearly can move the needle. Tuesday will also bring revenue from Oracle, Aviation environment and GameStop. Cramer said Oracle’s stock has been improving performance since “reinventing” it to concentrate purely on the data center rather than on software. But even a solid quarter could lead to profits as the market has been “false” recently, he continued. Cramer expressed confidence in drone maker Aeovironment as a US defense budget balloon. Like Oracle, good results can also lead to benefits, and Cramer continued, even though he thought he had “a great story to tell.” However, Cramer says he doesn’t feel the same way about Gamestop, suggesting he’s not very optimistic about the outcome.
The Labor Bureau will release two key inflation indicators next week. Wednesday’s producer price index and Thursday’s consumer price index. Cramer said Wall Street is looking for data to encourage the Federal Reserve to cut interest rates more aggressively. Tame numbers can spell good news for the market, he said, but warned that nothing will last September bullishness.
Thursday will bring revenue from Croger and Adobe. Cramer was optimistic about the quarterly outcomes and potential gatherings for the grocery giant. However, he wasn’t sure about Adobe. The software company said it has become less of a favourite on Wall Street as investors are worried about competition in the field of artificial intelligence.
Cramer said on Friday he expects tariff news, perhaps a much-anticipated obligation on semiconductor imports. These tariff outlooks are under pressure on Wall Street, he continued.
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