CNBC’s Jim Cramer discussed next week’s Wall Street action, highlighting earnings from Oracle, Broadcom, GameStop, as well as new inflation data. He expressed concerns about the market, citing a mix of cryptocurrencies and unprofitable companies.
Cramer noted that Oracle is expected to report solid earnings due to high demand for its products. MongoDB, another company in the same sector, may also see improved results. However, Cramer remains cautious about Toll Brothers, as higher lumber prices could affect margins.
On Tuesday, investors will be watching AutoZone’s earnings, which may be impacted by high tariffs on imported goods from China. Ollie’s Bargain Outlet and GameStop are also set to report, with Cramer calling GameStop a “cult stock” that has garnered strong support among Wall Street enthusiasts.
The Labor Department will release the consumer price index on Wednesday, with Macy’s full earnings report coming later in the day. Adobe may see a positive reaction due to its enterprise software exposure. On Thursday, Broadcom will report, but Cramer noted that the stock tends to fluctuate after each quarter. The producer price index is also expected on Thursday.
Cramer advised investors to be cautious and consider the broader market trends before making any decisions.
Source: https://www.cnbc.com/2024/12/06/cramers-week-ahead-inflation-data-earnings-from-oracle-broadcom.html