- CNBC's Jim Cramer guided investors through next week's Wall Street action, including comments from the Federal Reserve and earnings from Big Tech.
- Tuesday will feature earnings reports from Pfizer, General Motors, Microsoft, Alphabet, Starbucks and AMD, while Apple, Amazon and Meta will report on Thursday.
- Mr. Kramer said he would also keep an eye on the earnings of steel and oil majors.
CNBC's Jim Cramer on Friday looked at what's happening on Wall Street next week and explained how to prepare for a slew of earnings that will be in the spotlight, not just the Federal Reserve and labor data.
Cramer warned that next week's deluge of reports and Fed comments will make it a difficult time to make solid investment decisions.
“You should expect to beat even the best pros next week, so don't even think about doing anything on your own unless you're determined in advance and don't mind short-term performance,” he said. said.
Mr. Kramer said Monday that he would closely monitor the earnings reports of steelmakers Nucor and Cleveland-Cliffs. He said he believes both companies have scarcity value and enough business to continue raising prices.
Kramer called Tuesday “a classic example of a corporate traffic jam.”. ” On this day, the financial results reports of Pfizer, General Motors, Microsoft, Alphabet, Starbucks, and AMD will be unveiled. He said he was waiting for Microsoft's comment on the sale of its artificial intelligence product Co-pilot. Alphabet needs to show promising data from its cloud division, he added.
The Federal Reserve will meet on Wednesday, and Mr. Cramer will look for clues that the central bank will cut interest rates if inflation is brought under control. Gains from Mastercard and Boeing are also expected to arrive on Wednesday. Mr. Kramer said the plane maker is “back in purgatory” because of the continued failures of its 737s, and he wants to know how much purgatory it will cost. He expected Mastercard to perform better than peer Visa, but acknowledged it was a “wait and see” situation.
Thursday is another big earnings day, with Honeywell and Merck announcing in the morning, followed by Apple, Amazon and Meta after the close. Kramer said he would like to know what happens to ad revenue from Meta and Amazon. As for Apple, we'll be waiting for next quarter's iPhone guidance and information about the company's China operations.
Mr. Cramer said Friday that he would focus not only on the jobs report but also on the earnings of oil giants Chevron and Exxon. He said investors should not expect the Fed to cut interest rates in March unless the unemployment rate reaches 4%.
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