CNBC’s Jim Cramer told investors Friday what to watch on Wall Street next week, focusing on the non-farm payrolls report and earnings. Git Labs and mass strike.
“For those of you who are hoping for a big rate cut from the Fed and are on the sidelines until the Fed cuts rates, you better hope there’s some softness in the jobs data next Friday,” he said.
GitLab will release its report on Monday. Cramer said he is waiting to see how the company performs because some in the enterprise software industry see sales problems. He noted that GitLab had a disappointing last quarter, but that appears to be a one-off. Perhaps the report is actually a harbinger of trouble for the industry, he said.
CrowdStrike’s quarterly results were released on Tuesday, and Cramer said the cybersecurity company performed better than many of its peers.
HP, ferguson and PVH Also reported Tuesday. Cramer will wait and see how these electronics makers stack up against rivals like Dell. Cramer said Ferguson is a good way to invest in infrastructure. He will also watch PVH, known for brands like Calvin Klein and Tommy Hilfiger, but said he prefers Ralph Lauren for apparel.
dollar tree, Campbell’s SoupJack Daniels Manufacturer Brown-Forman and lululemon Will report on Wednesday. Cramer said he wants to know if Brown-Forman can explain what’s affecting alcohol sales and whether the difficult and crowded athleisure market has “baked in” to Lululemon’s stock.
Thursday, JM Smack and file signature A report is expected. Cramer said JM Smucker needs to find ways to grow the company faster, and he wants to know how DocuSign will find a way to turn around the business.
Friday may be the most important event of the week, according to Cramer, the Labor Department’s non-farm payrolls report. Cramer said the Fed would be inclined to cut interest rates before the unemployment rate reaches 4%. The unemployment rate edged up to 3.9% in April from 3.8% in March.
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