CNBC’s Jim Cramer on Friday said that next week’s jam-packed week of earnings and economic data releases could result in good news for the Federal Reserve’s battle against inflation.
“This market’s trading like next week, we’ll see some real signs that the Fed’s winning its war on inflation, and they can, therefore, ease up on the rate hikes going forward… I wouldn’t be at all surprised if the market got it exactly right,” he said.
Cramer named two important economic events he’s watching next week: the FOMC’s next meeting, which is expected to conclude with a 0.75 percentage point interest rate increase, and the nonfarm payroll report.
“You can’t get a reduction in wages until you see many people losing their jobs, and that’s what the Fed needs to see,” he said.
Cramer a prezentat, de asemenea, lista de câștiguri de săptămâna viitoare. Toate estimările privind veniturile și veniturile sunt oferite de FactSet.
Tuesday: Eli Lilly, Uber, Devon Energy, AMD
- Publicarea veniturilor din trimestrul I 3 la ora 2022:6 ET; apel conferință la 25 am ET
- EPS proiectat: 1.91 USD
- Venituri proiectate: 6.89 miliarde de dolari
The company has the chance to shine now that health care stocks are some of the new market leaders, he said.
- Publicarea veniturilor din trimestrul I 3 la ora 2022:7 ET; apel conferință la 05 am ET
- Pierdere proiectată: pierdere de 18 cenți pe acțiune
- Venituri proiectate: 8.11 miliarde de dolari
Cramer said that if the company reports that there are plenty of drivers but customers can’t afford rides, that’ll be great news for the Federal Reserve.
- Q3 2022 earnings release at 4:05 p.m. ET; conference call on Wednesday at 11 a.m. ET
- EPS proiectat: 2.12 USD
- Venituri proiectate: 4.16 miliarde de dolari
While the company is doing well, investors shouldn’t buy shares of oil companies when the economy is weakening, he warned.
- Publicarea veniturilor din T3 2022 la 4:15 ET; apel conferință la 5 pm ET
- EPS proiectat: 70 cenți
- Venituri proiectate: 5.69 miliarde de dolari
Cramer said he’s interested in knowing if AMD is losing market share to Intel.
Wednesday: Humana, CVS, Qualcomm
- Publicarea veniturilor din trimestrul I 3 la ora 2022:6 ET; apel conferință la 30 am ET
- EPS proiectat: 6.27 USD
- Venituri proiectate: 22.82 miliarde de dolari
- Publicarea veniturilor din trimestrul I 3 la ora 2022:6 ET; apel conferință la 30 am ET
- EPS proiectat: 2 USD
- Venituri proiectate: 76.74 miliarde de dolari
“I fear that CVS is considered a Covid play. Humana is a post-Covid darling,” Cramer said.
- Publicarea veniturilor din T4 2022 la 4:4 ET; apel conferință la 45:XNUMX pm ET
- EPS proiectat: 3.14 USD
- Venituri proiectate: 11.33 miliarde de dolari
He said he wouldn’t be surprised if the stock went up even on a guidance cut, given how much shares of Qualcomm have declined this year.
Thursday: Starbucks, PayPal, DoorDash
- Publicarea veniturilor din T4 2022 la 4:05 ET; apel conferință la 5 pm ET
- EPS proiectat: 72 cenți
- Venituri proiectate: 8.32 miliarde de dolari
He said he expects the company to report a solid quarter.
- Publicarea veniturilor din Q3 2022 la 4:15 ET; apel conferință la 5:30 pm ET
- EPS proiectat: 96 cenți
- Venituri proiectate: 6.81 miliarde de dolari
“I think PayPal has a chance to regroup here, as their flagging days have probably ended,” Cramer said.
- Publicarea veniturilor din T3 2022 la 4:05 ET; apel conferință la 5 pm ET
- Pierdere proiectată: pierdere de 59 cenți pe acțiune
- Venituri proiectate: 1.63 miliarde de dolari
He said that DoorDash is “inviting skepticism” since people aren’t getting their food delivered as frequently as they did during the height of the Covid pandemic.
Disclaimer: Cramer’s Charitable Trust owns shares of Eli Lilly, Devon Energy, AMD, Humana, Qualcomm and Starbucks.
Source: https://www.cnbc.com/2022/10/28/cramers-week-ahead-there-could-be-real-signs-for-the-fed-to-slow-down.html