“If Fed chief Jay Powell watched our interview last night … he may find he’s made more progress than he might have realized,” Cramer said. “Maybe Powell will hit us with another 75 basis point hike here and then say maybe it’s time to take a more measured approach to assess how things are going,” he added. The “Mad Money” host’s comments came after FedEx, a company that operates on the state of the economy, warned Thursday of reduced global shipments and an impending global recession. Stocks closed Friday as Wall Street digested the news, with the major averages posting their fourth losing week in the past five weeks. Cramer also previewed next week’s earnings table. All earnings and revenue estimates are provided by FactSet. Monday: AutoZone
Q4 2022 Earnings Announcements at 6:55 AM ET. conference call at 10 a.m. ET Projected EPS: $38.5 Projected revenue: $5.16 billion
Cramer said he’s interested to know if company officials see an end to the car shortage. Tuesday: Nvidia
GTC Financial Analyst Q&A at 1 p.m. ET
Cramer said he remains bullish on Nvidia despite the stock’s recent declines. “This is how Nvidia behaves – you have frighteningly fast moves down, followed by long rallies.” Wednesday: General Mills, Salesforce, Lennar, KB Homes General Mills
Q1 2023 earnings announcements at 7am ET. conference call at 9 a.m. ET Projected EPS: $1 Projected revenue: $4.72 billion
The company will likely be a winner because it is the best food stock in an uncertain economic environment, Cramer predicted. Salesforce
Investor Day at 4 p.m. ET
Cramer said that while he doesn’t expect to hear anything that could prompt him to buy the stock, he’s still bullish on the long-term. Lennar
Q3 2022 earnings announcements at 4:30 p.m. ET. conference call on Thursday at 11 a.m. ET Projected EPS: $4.86 Projected revenue: $8.97 billion
KB Home
Q3 2022 earnings announcements between 4:10 and 4:20 p.m. ET. conference call at 5 p.m. ET Projected EPS: $2.66 Projected revenue: $1.88 billion
Cramer said he expects both Lennar and KB Home to be soft because of rising mortgage rates. Thursday: Costco, FedEx, Qualcomm Costco
Q4 2022 earnings announcements at 4:15 p.m. ET. conference call at 5 p.m. ET Projected EPS: $4.17 Projected revenue: $70.8 billion
Cramer said he hopes the stock falls so Investing Club can buy more. FedEx While the company could reveal more information about its latest quarter, its trajectory likely won’t change as it already reported disappointing results in its preliminary announcement, Cramer said. Qualcomm
Auto Investor Day at 3 p.m. ET
Cramer said the company will show off the “new Qualcomm” during the event. Disclaimer: Cramer’s Charitable Trust owns shares of Costco, Salesforce, Nvidia and Qualcomm.
Jim Cramer’s Guide to Investing
Click here to download Jim Cramer’s no-cost Investment Guide to help you build long-term wealth and invest smarter.
