Jim Cramer's Week Ahead: Fed Meeting and Big Tech Earnings
Next week marks the start of earnings season on Wall Street, and CNBC's Jim Cramer is set to keep a close eye on two significant events: the Federal Reserve's meeting and quarterly results from major technology companies. He advises investors to stay cautious and avoid making any big decisions during this busy time.
Cramer describes the upcoming week as a "sheer hell week," noting that the market will be flooded with earnings reports and public comments from figures like President Trump, which could disrupt the market's normal flow. "Like I always say, don't try to make decisions during this part of earnings season, just listen," he emphasizes.
On Monday, Cramer will be analyzing earnings from SoFi and AT&T. He is optimistic about SoFi's performance despite its stock being heavily shorted. He also expects good results from AT&T, given favorable outcomes reported by its competitor, Verizon.
The following day, on Tuesday, General Motors is set to release its earnings. Cramer predicts solid results but warns that the stock might dip due to market focus on Tesla in the automotive sector. Cramer is more hopeful about Starbucks, praising new CEO Brian Niccol for his previous success at Chipotle and suggesting that it could be a good investment following his strategy announcement.
Wednesday is expected to be particularly busy, with the Fed announcing its decision on interest rates. Cramer predicts no cuts, citing the strength in employment as a reason. T-Mobile and ServiceNow will also share their earnings, with Cramer believing T-Mobile's stock will rise, whereas ServiceNow might be targeted for buying if it drops post-report. Additionally, tech giants Microsoft and Meta are expected to report, with Cramer classifying their earnings as wild cards. He also notes that Tesla could be a stock to hold onto, even if its earnings miss estimates.
On Thursday, Cramer will evaluate earnings from Caterpillar, highlighting its shift towards steady growth instead of cyclical patterns. Apple will also report, and while expectations are low, Cramer sees Apple as a strong long-term investment capable of overcoming its current challenges. Meanwhile, he advises caution regarding Intel, which needs to stabilize its finances before becoming a solid buy.
Finally, on Friday, results will come in from Chevron and Exxon Mobil. Cramer expresses reluctance towards these stocks due to potential increases in drilling related to relaxed federal regulations under President Trump.
Additionally, the Labor Department is scheduled to release the personal consumption expenditures price index on Friday, a key inflation measure for the Fed. Cramer predicts the report may not reflect a cool-down in prices due to sustained consumer spending.
Cramer, Earnings, Fed