CNBC’s Jim Cramer on Friday said that FedEx’s warning of worsening economic conditions suggests the Federal Reserve is doing better in its inflation effort than expected — meaning the central bank could take a step back after its meeting next week.”If Fed chief Jay Powell watched our interview last night … he might discover that he’s made more progress whipping inflation than he might realize,” Cramer said.”Maybe Powell will hit us with another 75 basis point hike right here and then say maybe it’s time to take a more measured approach in order to assess how things are going,” he added.The “Mad Money” host’s comments came after FedEx, a bellwether company for the state of the economy, warned on Thursday of a decline in global shipments and an impending world recession.Stocks closed down on Friday as Wall Street digested the news, with the major averages recording their fourth losing week in the past five weeks.Cramer also previewed next week’s slate of earnings. All earnings and revenue estimates are courtesy of FactSet.Monday: AutoZoneQ4 2022 earnings release at 6:55 a.m. ET; conference call at 10 a.m. ETProjected EPS: $38.5Projected revenue: $5.16 billionCramer said he’s interested in knowing if company officials see an end to the car shortage.Tuesday: NvidiaGTC Financial Analyst Q&A at 1 p.m. ETCramer said he’s sticking with Nvidia despite the stock’s recent tumbles. “That’s how Nvidia behaves — you get terrifyingly swift moves down followed by long rallies.”Wednesday: General Mills, Salesforce, Lennar, KB HomesGeneral MillsQ1 2023 earnings release at 7 a.m. ET; conference call at 9 a.m. ETProjected EPS: $1Projected revenue: $4.72 billionThe company will likely be a winner because it’s a best-of-breed food stock in an uncertain economic environment, Cramer predicted.SalesforceInvestor Day at 4 p.m. ET Cramer said that while he doesn’t expect to hear anything that could motivate him to buy the stock, he’s still bullish long term.LennarQ3 2022 earnings release at 4:30 p.m. ET; conference call on Thursday at 11 a.m. ETProjected EPS: $4.86Projected revenue: $8.97 billionKB HomeQ3 2022 earnings release between 4:10 to 4:20 p.m. ET; conference call at 5 p.m. ETProjected EPS: $2.66Projected revenue: $1.88 billionCramer said he expects both Lennar and KB Home to be soft due to soaring mortgage rates.Thursday: Costco, FedEx, QualcommCostcoQ4 2022 earnings release at 4:15 p.m. ET; conference call at 5 p.m. ETProjected EPS: $4.17Projected revenue: $70.8 billionCramer said he hopes the stock goes down so that the Investing Club can buy more.FedExWhile the company could reveal more information on its latest quarter, its trajectory likely won’t change since it already reported disappointing results in its preliminary announcement, Cramer said.QualcommAutomotive Investor Day at 3 p.m. ETCramer said that the company will show off the “new Qualcomm” during the event.Disclaimer: Cramer’s Charitable Trust owns shares of Costco, Salesforce, Nvidia and Qualcomm.Jim Cramer’s Guide to InvestingClick here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter.
- Next Column: The Mar-a-Lago judge’s latest opinion is as atrocious as legal experts say it is
- Previous Kaser Focus: Like a dragon, like a farmer, like a tired gaming writer
8 ball pool hack 8 ball pool hack amazon gift code generator amazon gift code generator bingo blitz free credits cash app money generator cash app money generator cash app money generator coc hack coc hack coin master free spin free instagram followers garena free fire hack golf clash hack free google play gift code free google play gift code imvu credits hack free instagram followers free instagram followers fire kirin hack Onlyfans Hack Onlyfans Hack Onlyfans Hack free psn code free psn code free robux free robux free robux free robux stumble guys gems generator free tiktok followers free tiktok followers FREE Xbox Live Codes FREE Xbox Live Codes
- Yes, Ukraine should host the World Cup, but on its own
- Manon Rheaume, first woman to play in the NHL, starts again with the Kings
- Nationals minor league affiliate epically triggers the Twitter user
- The billionaire trying to turn Kazakhstan into a tennis nation
- Where will Judge’s 62nd home run fall in an asterisks record?
No comments to show.