CNBC Television Jim Cramer’s week ahead: Investors should be focused on the busy earnings calendar
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CNBC’s Jim Cramer previews next week’s slate of earnings report and other Wall Street developments, including a statement from Federal Reserve Chairman Jerome Powell. Subscribe to CNBC PRO for access to investor and analyst insights:
CNBC’s Jim Cramer said Friday that next week’s slate of earnings reports give investors a critical look into the state of American business during “one of the strangest moments” he can remember.
While developments around President Joe Biden’s push for a $1.9 trillion Covid stimulus package will get attention, the “Mad Money” host said locking in on the jam-packed earnings calendar will be crucial.
“A $1.9 billion stimulus bill could make a huge difference for a host of industries, from retail to the automakers,” Cramer said. “But ... next week, I want you to keep your eyes on the prize: companies with great earnings, especially when their stocks get knocked down to unreasonably low levels thanks to Covid worries that one day may no longer be front and center.”
Cramer’s comments came after the tech-heavy Nasdaq Composite advanced 0.1% to reach yet another record high, finishing the week up 4.2%. The S&P 500 fell 0.3% on Friday to 3,, following its record close a day earlier. For the week, the benchmark U.S. equity index rose 1.9%.
The Dow Jones Industrial Average was the laggard of the trio, rising just 0.6% for the week. On Friday, the 30-stock Dow closed declined by points, or 0.6%, to 30,.
Cramer gave his game plan for the week ahead. Earnings-per-share projections are based on analyst forecasts compiled by Zacks Investment Research.
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