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Jim Cramer Previews Key Economic Week: CPI Data and BlackRock Investor Day

Published 1 week ago3 minute read
Jim Cramer Previews Key Economic Week: CPI Data and BlackRock Investor Day

CNBC's Jim Cramer walked investors through the key events and data points to watch in the upcoming week on Wall Street. He highlighted the significant influence of social media on market sentiment, referencing the recent spat between President Donald Trump and Tesla CEO Elon Musk. Cramer advised investors to monitor platforms like Truth Social for insights into White House developments, stating, "Given what happened with the president and Elon Musk this week, you need to follow all the palace intrigue, even if you don't want to."

Monday's agenda includes important discussions between White House officials, notably Treasury Secretary Scott Bessent, and their Chinese counterparts. Cramer expressed optimism about these talks, particularly due to Bessent's participation, hoping for productive outcomes. Also on Monday, Apple will commence its annual Worldwide Developers Conference (WWDC). Cramer suggested this software-focused event could serve as a positive catalyst for Apple's stock, even amidst concerns regarding tariffs and the company's progress in artificial intelligence.

Tuesday is set to be a busy day. Cramer will be closely watching Morgan Stanley's conference, where Capital One is anticipated to provide details on its recent acquisition of Discover Financial. Cramer believes this deal will have a positive impact. Deere & Company is also holding an investor day, and Cramer is optimistic that the company can present a strong case regarding orders from farmers, which could drive its stock higher. J.M. Smucker is scheduled to report its earnings, but Cramer expressed uncertainty about whether the snack food company can overcome the broader challenges that have plagued the packaged food sector. GameStop will also release its earnings, and Cramer pointed out the retailer's substantial investments in cryptocurrency. He speculated that GameStop might benefit from the excitement surrounding the recent successful IPO of crypto platform Circle Internet.

On Wednesday, market participants will look for insights from Nvidia CEO Jensen Huang's keynote address at the GTC conference in Paris. A critical economic release, the Consumer Price Index (CPI), is due before the market opens. Cramer emphasized that this report could illustrate how new tariffs are affecting consumers and is a key metric for the Federal Reserve. He warned that a high CPI reading would likely make the central bank hesitant to cut interest rates. Earnings reports from Chewy and Oracle are also slated for Wednesday. Cramer conveyed optimism for Chewy's quarterly results, describing the stock as a consistent winner. Regarding Oracle, despite a previous disappointing quarter, Cramer believes the company could demonstrate solid revenue growth as its investments in data center buildouts start to pay off.

Adobe is set to report its earnings on Thursday. Cramer praised the company and suggested its stock "looks like the stock could break that downtrend it's been experiencing for some time," while also acknowledging the high level of competition within its sector. Additionally, Cramer highlighted several investor days that could significantly impact markets, including those for Cardinal Health and BlackRock. He showed particular interest in BlackRock's event, positing that a positive presentation could lead to gains in its stock price.

The week will conclude on Friday with the release of the consumer sentiment reading. Cramer expects this reading to reflect a "pretty darned gloomy" outlook among consumers, a sentiment reinforced by recent corporate earnings calls, such as Dollar General's. The article also included a disclaimer noting that The CNBC Investing Club Charitable Trust holds shares in Apple, Nvidia, Capital One, and BlackRock.

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