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Jim Cramer from CNBC provided insights this Friday regarding anticipated developments on Wall Street for the upcoming week. He highlighted the importance of monitoring a variety of retail earnings reports, in addition to those from technology firms such as Dell and CrowdStrike. Cramer noted that historically, this week tends to be favorable for market performance, advising investors to consider capitalizing on substantial gains in more volatile assets.
“If you’ve realized considerable profits this November, I encourage you to think about taking some profits this week, especially from your riskier investments,” he stated.
The week kicks off on Monday with earnings reports from Bath & Body Works and Zoom. Cramer observed that the soap manufacturer’s stock has recently struggled to gain traction on Wall Street, but he pondered whether optimistic management commentary regarding the holiday season could sway investors. He also pointed out the ongoing tension surrounding Zoom, where short sellers meet enthusiastic buyers, suggesting the company often has multiple projects underway that might affect its stock performance.
Tuesday stands out as a particularly significant day for retailers, with earnings reports expected from Best Buy, Abercrombie & Fitch, Kohl’s, Macy’s, Burlington Stores, and Dick’s Sporting Goods. Many of these companies’ stocks have surged prior to earnings announcements, which makes purchasing them now potentially risky, Cramer warned. He expressed curiosity about which retailers would surpass Wall Street expectations, referencing how some underwhelming earnings have unexpectedly led to stock price increases, as seen with certain competitors like Target. Additionally, J.M. Smucker will report earnings, and Cramer suggested that the market could react favorably if their results meet expectations, despite some investors’ dissatisfaction with their recent acquisition of Hostess.
Tech stocks are also in focus on Tuesday, with earnings from CrowdStrike, Dell, and Workday. Cramer conveyed an optimistic outlook for all three companies, particularly noting Dell’s role as a key partner for Nvidia in deploying its latest technologies. He advised investors to consider purchasing Dell shares, both now and following earnings if a dip occurs. HP will report its earnings later in the day, and Cramer expressed interest in the performance of their new AI-enabled PCs.
Despite a typically slower trading environment during the holiday week, Cramer highlighted that on Wednesday, the government will publish the latest personal consumption expenditures index. This economic indicator serves as a crucial inflation measure for the Federal Reserve, which could influence its decisions regarding potential interest rate cuts before the year concludes.
Insights on Investing from Jim Cramer
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www.cnbc.com