CNBC’s Jim Cramer said Friday that the stock market is well-positioned to rebound next week if leading companies plan to report strong earnings results.
The “Mad Money” host said that’s because the market ended the week on a calm note after the S&P 500 ended in the red for three consecutive days.
Don’t waste time during a busy week. disney It was reported on Monday that there is talk of a successor to the CEO. Kramer’s Charitable Trust, a portfolio managed by CNBC Investment Club, abandoned Disney in November after a long period of poor performance. “There’s always been some kind of division that has prevented that. I don’t know what it is this time. That’s never going to happen,” Kramer said.
Get updates on Tuesdays from the names below. pfizer, pepsi, Merck, advanced micro deviceand chipotle pepper. Investors will look to AMD for insight into the AI boom, but even with impressive numbers, it could still see a sell-off, Cramer said. That appears to be the “new pattern” for semiconductor stocks, he said.
See you Tuesday, western digital is holding an event called Innovation Day, where the company will focus on innovations aimed at supporting growing data storage demands. Cramer said upcoming events are “critical” after the company’s stock tumbled on Friday despite posting a strong quarter the previous night. “We need to figure out what it is,” he said.
Eli Lilly In a report Wednesday morning, Kramer said he would be interested to see if the obesity drug maker releases new trial results for its GLP-1 portfolio. The results could be more meaningful to stock price movements than the quarterly results themselves. Lilly stock has fallen about 3.5% since the beginning of the year.
alphabetThe report, which will be published Wednesday night, will be one of the most significant for the market.
“This company was dismissed by many as the smallest of the Magnificent Seven,” Kramer said, but the story has completely flipped. “It doesn’t matter if it’s Gemini, the best chatbot, or YouTube, the world’s most popular video site, or Waymo, or even Google itself. Alphabet is the best, and I think it can cause a huge uproar when it gets press.”
Another tech giant we’ll be reporting on next week is: Amazonis expected to release numbers after the close of trading on Thursday. Kramer said Amazon has become a controversial stock. Kramer said that when stocks finally gain traction, sellers emerge, eroding gains. “What got forgotten in the shuffle was the greatness of the company itself,” said Cramer, acknowledging the stock’s lackluster recent returns. “I’m a believer.”
The January jobs report concludes the week on Friday, but Cramer said it could be weaker than expected for both job growth and wage inflation. That could help lower bond yields while allowing stock prices to rise, he said. “I think that’s a distinct possibility.”
Disclosure: Cramer’s Charitable Trust has positions in LLY, AMZN, and GOOGL.
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