Cramer's Outlook for the Week Ahead: Key Fed Meeting and Major Earnings Reports

As Wall Street gears up for a new week, CNBC's Jim Cramer has outlined what investors should focus on. The upcoming Federal Reserve meeting and earnings reports from significant companies like FedEx, Micron, and General Mills are central to next week’s market dynamics.

Cramer emphasized that the market will largely react to external influences, notably from the White House and the Fed. "No matter what we hear from these companies, next week this market's hostage to the White House and the Federal Reserve," he stated.

On Monday, the week starts with retail sales data, providing insight into consumer behavior. Cramer suspects that consumer spending might be affected by fears surrounding job stability, largely stemming from sentiments expressed by the Trump administration.

Tuesday will see the beginning of Nvidia's annual GTC conference, showcasing the latest innovations in artificial intelligence. Economic indicators will also include housing starts, which Cramer plans to scrutinize, as any downturn in the economy is likely to be reflected in housing market data.

The Fed's crucial meeting on Wednesday will provide updates on inflation. Earlier economic data released this week showed positive signs, which could influence market sentiment. Additionally, General Mills is set to release its earnings that day, and Cramer is not optimistic about their performance. The company faces scrutiny over its colorful cereals from Secretary of Health and Human Services Robert F. Kennedy Jr., and its high-calorie products may struggle as buyers increasingly turn to weight loss solutions like GLP-1 drugs.

Thursday is packed with earnings reports from notable companies including the parent company of Olive Garden, Darden, FedEx, Micron, Nike, and Lennar. Cramer anticipates solid results from Darden due to its value offerings. He sees FedEx's earnings report as a potential opportunity for investors to buy its stock at a favorable price, while he will be monitoring Nike for signs of recovery and growth. Regarding Lennar, Cramer mentioned that lumber prices might be a talking point in their report, potentially negatively impacting the discussion.

Finally, on Friday, Carnival will announce its earnings. Cramer pointed out that while the cruise industry has been performing well, this success isn't fully reflected in stock prices. He believes Carnival is maintaining a strong business, suggesting that its stock could rise following the report.

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Disclaimer: The CNBC Investing Club Charitable Trust holds shares of Nvidia.

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Cramer, Earnings, Fed