CNBC’s Jim Cramer’s on Friday told investors what to follow next week as earnings season kicks off.
CNBC's Jim Cramer's on Friday told investors what to follow next week as earnings season kicks off, highlighting reports from JPMorgan, Netflix, Goldman Sachs and PepsiCo. "Once we process the new tariffs, we've got a ton of earnings reports coming next week, so you better keep your eyes open," he said.
Also next week is the latest consumer price index report and earnings from BlackRock, United Airlines and Johnson & Johnson."Once we process the new tariffs, we've got a ton of earnings reports coming next week, so you better keep your eyes open," he said., and Cramer said he'll be waiting to hear whether there has been any slowdown in spending or pick up in loan losses. While he said JPMorgan is"the star of the show," he also cares about Wells Fargo, which is no longer subject to a punitive. Cramer predicted Citigroup's report would be well-received, but he said BlackRock might tell"the most exciting story." The Labor Department will release the consumer price index report on Tuesday, Cramer added, an important metric for the Federal Reserve when it makes decisions about interest rates.are set to report, and Cramer said he's optimistic both outfits will post strong quarters as mergers and acquisitions heat up. He said there could be"another round of semi buying" if semiconductor capital equipment companywill report on Wednesday as well. Cramer said Bank of America has put up consistently good earnings and suggested the stock was cheap becauseRetail sales figures will come out Thursday, and Cramer said he's worried about a slowdown as political chaos affects consumers., PepsiCo and Netflix are set to report Thursday. Cramer said Abbott's quarter tends to be"misinterpreted in a negative way," saying the healthcare name is one of his favorite companies. Cramer called PepsiCo"too cheap relative to its growth rate," and he noted different factors that could be weighing on the stock, like the rise of GLP-1 weight loss drugs and scrutiny on junk food from Health and Human Services Secretary Robert F. Kennedy Jr. Cramer said he bets Netflix will report a great quarter, but he said the bar for the streaming giant is high.will report earnings. According to Cramer, American Express tends to sell off even when the report is good. The industrial sector has been doing well lately, and Cramer said 3M might report one of the best quarters of the group. He was also optimistic about Charles Schwab, but said"the short-sellers like to come out and color the opening of trading when Schwab opens," advising investors to be careful before they buy.Feeling out of the loop? We'll catch you up on the news you need to know with the Chicago Catch-Up newsletter.Glen Ellyn
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