Jim Cramer gave his take on companies set to report earnings next week including Coca-Cola, Airbnb and DraftKings.
Jim and Club portfolio director Jeff Marks ran through each one of them on during our special “Monthly Meeting,” live from Miami.
Jim Cramer also gave his thoughts on companies slated to report earnings next week, including Disney, Tyson Foods, PepsiCo and more.
Cramer also reviewed next week’s roster of earnings.
Jim Cramer previewed next week’s slate of earnings featuring reports from Microsoft, Southwest Airlines, IBM and more.
“Every quarter I make the same argument about how you should … do more work before you pull the trigger, but a lot of people remain unconvinced,” Cramer said.
“As good as these macro numbers were for the market, they’ll become a sideshow when we actually start getting earnings reports,” he said.
Wall Street is growing increasingly concerned that the Fed’s rate-hiking campaign will tip the U.S. economy into a recession.
Two key economic events take place next week, including the release of the November consumer price index report and the Federal Reserve’s December meeting.
Stocks closed up for the week on Friday, marking the first time since October the three major indexes saw consecutive weekly gains.
“We need to see the unemployment rate go higher, while wages remain stable and we get meaningful layoffs in some industries,” Cramer said.
Stocks rose on Friday but ended the turbulent week down.
Earnings reports from the country’s biggest retailers take center stage next week, as does retail sales data for October.