Connect with us

News

Cramer’s week ahead: Earnings reports from retailers and Nvidia

Published

on

CNBC’s Jim Cramer guided investors through next week’s Wall Street action, pinpointing earnings reports from numerous retailers, as well as semiconductor giant Nvidia.

“Next week is historically a pretty positive time, but I’m cognizant that we’ve had a big run here,” Cramer said. He said he’s optimistic next week will be strong, albeit short, “if we get a continuation of the rotation into beaten down retailers, along with a huge guide-up by Nvidia.”

On Monday night, Cramer said he’ll be waiting on a report from Zoom, wondering if the stock will be able to break out of its Covid funk. But he admitted that may prove difficult due to the popularity of Microsoft‘s rival video conferencing platform.

Cramer said Tuesday brings a “deluge” of earnings from retail companies: Best Buy, Burlington, Dick’s Sporting Goods, Kohl’s, Nordstrom and Lowe’s. To Cramer, many of these companies’ quarters are difficult to predict, especially Burlington and Dick’s Sporting Goods. He expressed pessimism about Nordstrom, saying he “can’t think of a way to save” the retailer, except for a merger. But he suggested that Best Buy could surprise to the upside.

Nvidia will also report on Tuesday, and Cramer reiterated that investors should own the stock because it is the “king” of AI semiconductors. However, he advised against buying ahead of the quarter because of the stock’s recent huge run.

Advertisement

Agriculture equipment manufacturer Deere reports on Wednesday. Cramer said the company has been a “consistent winner” for years but has seen issues due to declines in grain prices. Cramer will be waiting to see if the company’s strategy during the down cycle proves to be effective.

Jim Cramer looks ahead to next week's market calendar

Jim Cramer’s Guide to Investing

Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.

Disclaimer The CNBC Investing Club Charitable Trust holds shares of Nvidia and Microsoft.

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer TwitterFacebookInstagram

Questions, comments, suggestions for the “Mad Money” website? [email protected]



Source: CNBC

Advertisement

Follow us on Google News to get the latest Updates

Advertisement
Advertisement

Trending