Earnings from Nvidia, Target, Macy’s

CNBC’s Jim Cramer on Friday guided investors through next week’s earnings-filled schedule on Wall Street, saying to pay special attention to the report from Nvidia, one of the biggest players in the artificial intelligence space.

“Lots to love next week, but, look, for many it’s really just going to be about Nvidia,” he said. “I just hope we clear out the short-term traders for Nvidia and end up with a more reliable, steady, believing shareholder base.”

Cybersecurity outfit Palo Alto Networks reports on Monday, and Cramer said he thinks the company will have good things to say, even though it lowered guidance after its last quarter.

Cramer said he’s expecting a solid quarter from Macy’s on Tuesday and that Lowes‘s report that day should be well-received. He added that the Toll Brothers report after the bell will reveal an “incredibly comprehensive overview” of its business.

TJX, Analog Devices, Target and Williams-Sonoma will report Wednesday. Cramer said he believes Target could put up good numbers like its peer Walmart did this week, adding that the company seems to have lean inventories. Cosmetics company E.l.f Beauty also reports Wednesday, and Cramer recommended investors buy the stock if it comes down. Cramer said two “controversial names” will also release earnings that day in Snowflake and V.F. Corp., both of which have new CEOs at the helm.

Wednesday after the bell brings a report from Nvidia, which Cramer suggested is “perhaps the most important earnings report of the year.” Cramer said he expects “some extreme volatility” around this quarter, but repeated his mantra that investors should own the stock, not trade it.

Ralph Lauren reports on Thursday, and Cramer said he’s been impressed with the way the company has managed to attract a younger generation of customers. He noted that the company’s last quarter was good, adding that the upcoming quarter could be more of the same. Medtronic, Intuit, Deckers Outdoor, and Ross Stores also report Thursday. Cramer said he expects Deckers to have solid earnings as its running shoe brand, Hoka, continues to gain traction.

Jim Cramer looks ahead to see if this market rally can continue

Jim Cramer’s Guide to Investing

Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.

Disclaimer The CNBC Investing Club Charitable Trust holds shares of Nvidia, Palo Alto Networks, TJX.

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer TwitterFacebookInstagram

Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com

Source link

Related Posts

European banks in Russia face ‘awful lot of risk’, Yellen says

U.S. Secretary of the Treasury Janet Yellen speaks while presiding over a meeting of the Financial Stability Oversight Council at the Treasury Department on May 10, 2024 in Washington, DC. …

Read more

What Porsche Teen’s Grandfather Told Driver After Crash

The crash that took place late on Saturday night left two young engineers dead Pune: The grandfather of the 17-year-old, whose late-night drunken drive in a Porsche, left two 24-year-old…

Read more

FDA panel votes against Novo Nordisk’s weekly insulin in type 1 diabetes patients

A view of the logo of Novo Nordisk at the company’s office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, March 8, 2024.  Tom Little | Reuters Advisers to the…

Read more

Lok Sabha Election 2024 Phase 6: Delhi, Haryana Vote Today In Penultimate Phase: 10 Points

Lok Sabha Election 2024: Election will be completed in 486 of the 543 Lok Sabha seats today. New Delhi: Voting will take place in 58 seats across seven states and…

Read more

Stock market today: Live updates

Traders work on the floor of the New York Stock Exchange during morning trading on May 24, 2024 in New York City.  Michael M. Santiago | Getty Images Stocks ticked…

Read more

India Great Took Pay Cut To Work For BCCI, Now Reluctant To Apply For ‘Taxing’ Coach’s Job: Report

VVS Laxman‘s reluctance to become the Indian team’s head coach is an open secret but with the former batting stalwart’s stint as NCA’s ‘Head of Cricket’ ending in…

Read more

Leave a Reply