Cramer’s week ahead: Brace for negativity

Bestinau got that-

CNBC’s Jim Cramer on Friday knowledgeable consumers to brace themselves against Wall Toll road’s negativity next week as concerns over a capacity recession mount.

“I create imagine that our financial system’s headed for a slowdown — that’s lawful what rate hikes create. But a slowdown would no longer necessarily translate into a horrific, atomize-landing recession. … There are a immense series of ways this grief can play out that create no longer end in a beefy-blown recession,” the “Enraged Money” host stated.

“Irrespective of what happens next week, Wall Toll road’s going to live in correct news, scandalous news mode. … So, in all likelihood you might want to serene metal your self for the negativity,” he later added.

Key aspects of the Treasury yield occupy inverted this week, raising concerns that the financial system is headed for a recession. Yield curve inversions occupy traditionally preceded recessions however are no longer guaranteed indicators.

The Dow Jones Industrial Practical rose 0.4% on Friday whereas the S&P 500 gained 0.34%. The Nasdaq elevated 0.29%.

Cramer furthermore previewed next week’s slate of companies reporting quarterly earnings, to boot to other events relevant to the market.

All earnings and income estimates are courtesy of FactSet.

Monday: U.S. Census Bureau’s Durable Items notify

  • File launch at 10: 00 a.m. ET

“If or no longer it’s solid, I’m in a position to uncover you it’ll be pronounced because the last correct number” of a cycle on its last legs, Cramer stated. “If or no longer it’s scandalous, it’ll be the foremost scandalous series of the apocalypse.”

Tuesday: Acuity Brands, Greenbrier Corporations

Acuity Brands

  • Q2 2022 earnings launch at 6 a.m. ET; conference call at 8 a.m. ET
  • Projected EPS: $2.38
  • Projected income: $885 million

“Final time they did effectively, however thanks to the inverted yield curve, this time within the occasion that they suppose things are correct, they is also branded as hopeless optimists on their conference call except they uncover a truly depressing fable,” Cramer stated.

Greenbrier Corporations

  • Q2 2022 earnings launch; conference call on Wednesday at 11 a.m. ET
  • Projected EPS: 19 cents
  • Projected income: $576 million

Cramer stated that he’ll be keeping “plummeting freight rates” in thoughts when reviewing the corporate’s earnings. “I create no longer focus on or no longer it’s customer query sinking however provide of drivers rising,” he stated.

Wednesday: Federal Reserve March meeting notes, Levi Strauss

Federal Reserve

  • March 15 – 16 meeting minutes launch at 2 p.m. ET

“Those notes reach from a length earlier than the give scheme in transportation rates, and that is the reason one thing that can maybe lower inflation all by itself. … Take note that [the minutes are] former,” Cramer stated.

Levi Strauss

  • Q1 2022 earnings launch; conference call at 5 p.m. ET
  • Projected EPS: 42 cents
  • Projected income: $1.55 billion

Cramer stated he’s attracted to finding out whether or no longer rising tag of cotton has affected Levi Strauss’ sinful margins.

Thursday: Constellation Brands, Conagra Brands

Cramer stated he cherished the juxtaposition of the two manufacturers: Constellation’s manufacturers encompass names like Corona and Mi Campo whereas Conagra’s portfolio contains manufacturers like Slim Jim and Earth Balance.

Constellation Brands

  • Q4 2022 earnings launch earlier than the bell; conference call at 10: 30 a.m. ET
  • Projected EPS: $2.09
  • Projected income: $2.02 billion

Conagra Brands

  • Q3 2022 earnings launch at 7: 30 a.m. ET; conference call at 9: 30 a.m. ET
  • Projected EPS: 58 cents
  • Projected income: $2.84 billion

Friday: Baker Hughes’ North American rig count

  • Free up at 1 p.m. ET weekly

“The oils are arguably the last last solid neighborhood besides the recession-proof utilities, and to boot they like that they’ll occupy a ton of cash keeping down manufacturing,” Cramer stated.

Read More

Leave a Comment