Investors are gearing up for an eventful week ahead, and CNBC’s Jim Cramer has provided some valuable insight into what they should be focusing on. Cramer highlighted several key events and earnings reports that could have a significant impact on the market.
One of the main events to watch out for is the Federal Reserve’s meeting, scheduled for Wednesday. Cramer expressed his concern about what Fed Chairman Jerome Powell might say during his speech after the meeting. He believes that there is not enough evidence to suggest that inflation has been effectively controlled and expects Powell to maintain a cautious stance on interest rates.
On Monday, Cramer will be paying close attention to the investor summit hosted by Disney in Orlando, Florida. He hopes that the summit will shed some light on the current state of the travel and leisure industry. Additionally, he is interested in hearing about Disney’s strategy for ESPN and whether the preliminary talks about selling ABC to Nexstar hold any weight. Cramer also mentioned that grocery-delivery company Instacart may release its initial public offering pricing on Monday night.
Wednesday is being referred to as a “fulcrum day” by Cramer, as it will bring together several significant market themes. Not only will there be earnings reports from General Mills, FedEx, and KB Home, but the outcome of the Federal Reserve’s meeting will also be announced. Cramer believes that there is a possibility of the Fed taking a harder line than what is currently expected, leading to potential turbulence in the market.
Thursday will see the release of Olive Garden owner Darden’s earnings report. Cramer is particularly interested in this report as it may provide some clarity on consumer spending on dining out. Friday marks a week since the United Auto Workers union went on strike against the country’s primary automakers. Cramer expects there to be some resolution by then but acknowledges that UAW leader Shawn Fain seems to want to drag out the labor stoppage.
In addition to these events, CNBC also highlighted Jim Cramer’s Guide to Investing, which is available for download at no cost. This guide aims to help investors build long-term wealth and make smarter investment decisions.
Overall, the week ahead looks to be a busy one for investors with the Federal Reserve meeting, Disney summit, and earnings reports from notable companies like Darden, FedEx, General Mills, and AutoZone. It is recommended for investors to stay alert and keep an eye on these developments as they could significantly impact the market.