CNBC’s Jim Cramer provided investors with a preview of the upcoming week on Wall Street, emphasizing key economic indicators and corporate earnings reports. Among the highlights are data releases from the Labor Department and financial results from companies including FedEx and Jabil.
Cramer reflected on the recent downturn in technology equities, maintaining his confidence in artificial intelligence as a transformative force. He suggested that some high-growth tech stocks may become attractive investments once their price levels adjust downward.
“We need every piece of data to stay informed as capital shifts from the Magnificent Seven to other sectors, almost like a fire hose,” Cramer remarked.
Tuesday will bring the release of the nonfarm payroll report, a critical gauge of labor market health. Cramer noted that extended government closures had previously limited access to macroeconomic insights. A robust jobs figure could reduce pressure on the Federal Reserve to lower interest rates, whereas softer numbers might support further monetary easing. Retail sales data, also due Tuesday, will be scrutinized for signs of consumer weakness that could justify additional rate reductions.
Jabil and General Mills are scheduled to report earnings on Wednesday. Jabil, a key supplier of data center infrastructure and hardware, may offer signals about the broader AI sector’s trajectory. Cramer believes its performance could help stabilize investor sentiment. Meanwhile, General Mills’ results will be watched closely amid challenges facing food producers, including shifting dietary trends and the rising use of GLP-1 medications for weight management.
Thursday features earnings from Darden, Cintas, Nike, and FedEx. While higher beef prices have pressured some restaurant operators, Cramer believes Darden is relatively insulated due to the low beef usage in its Olive Garden brand. Cintas, which provides workwear and safety products, serves as a barometer for small business activity. Nike may not yet show a turnaround, but Cramer sees FedEx as a potential standout. He praised the company’s leadership and pointed to sustained momentum in e-commerce as a tailwind for shipping demand.
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Cramer’s week ahead: New economic data and earnings from FedEx, Jabil
CNBC ‘s Jim Cramer on Friday told investors what to look out for next week on Wall Street, including new economic data and earnings from FedEx and manufacturer Jabil . n nHe also remarked on this week ‘s big decline in tech stocks. He said he still believes in the power of artificial intelligence and suggested some of these names might be worth buying once their valuations come down. n n”We need every piece of data to keep up on what ‘s really happening as the money rotates from the Magnificent Seven to all these other different other areas, kind of like a fire hose,” he said. n nTuesday brings the Labor Department ‘s nonfarm payroll report. Cramer noted that Wall Street has largely been in the dark about macroeconomic data for the past few months thanks to the lengthy government shutdown. A strong jobs report could call into question the need for more rate cuts from the Federal Reserve, Cramer said, while weaker figures mean the central bank can keep easing. Retail sales data is also set to be released on Tuesday, and Cramer added that this report needs to be weak to justify more cuts. n nJabil and General Mills are set to report Wednesday. Cramer noted that Jabil is a major manufacturer of infrastructure and hardware for data centers. He said the company ‘s earnings could reverse the declines in AI stocks. Cramer indicated he ‘ll be waiting to hear from industry giant General Mills, noting that a number of food stocks have struggled recently due to the popularity of GLP-1 weight loss drugs and a growing emphasis on healthier eating habits. n nOn Thursday, Darden , Cintas , Nike and FedEx will report. While the rising price of beef has hurt some restaurants, Cramer suggested restaurant giant Darden has been protected by its Olive Garden chain, which he said has “minimal beef exposure.” He said uniform and safety equipment supplier Cintas will be a solid measure of how small businesses are faring. It may be too soon to expect a turnaround at Nike, Cramer continued, but FedEx could be the “star of the week.” He praised the shipping company ‘s management, adding that the e-commerce boom seems set to to continue.