Cramer’s week ahead: Brace for negativity

Cramer’s week ahead: Brace for negativity


CNBC’s Jim Cramer on Friday advised investors to brace themselves against Wall Street’s negativity next week as concerns over a possible recession mount.

“I do believe that our economy’s headed for a slowdown — that’s just what rate hikes do. But a slowdown doesn’t necessarily translate into a horrific, crash-landing recession. … There are many ways this situation can play out that don’t end in a full-blown recession,” the “Mad Money” host said.

“Regardless of what happens next week, Wall Street’s going to remain in good news, bad news mode. … So, perhaps you should steel yourself for the negativity,” he later added.

Key parts of the Treasury yield have inverted this week, raising concerns that the economy is headed for a recession. Yield curve inversions have historically preceded recessions but are not guaranteed indicators.

The Dow Jones Industrial Average rose 0.4% on Friday while the S&P 500 gained 0.34%. The Nasdaq increased 0.29%.

Cramer also previewed next week’s slate of companies reporting quarterly earnings, as well as other events relevant to the market.

All earnings and revenue estimates are courtesy of FactSet.

Monday: U.S. Census Bureau’s Durable Goods report

  • Report release at 10:00 a.m. ET

“If it’s strong, I can tell you it will be pronounced as the last good number” of a cycle on its last legs, Cramer said. “If it’s bad, it’ll be the first bad number of the apocalypse.”

Tuesday: Acuity Brands, Greenbrier Companies

Acuity Brands

  • Q2 2022 earnings release at 6 a.m. ET; conference call at 8 a.m. ET
  • Projected EPS: $2.38
  • Projected revenue: $885 million

“Last time they did well, but thanks to the inverted yield curve, this time if they say things are good, they will be branded as hopeless optimists on their conference call unless they tell a truly depressing story,” Cramer said.

Greenbrier Companies

  • Q2 2022 earnings release; conference call on Wednesday at 11 a.m. ET
  • Projected EPS: 19 cents
  • Projected revenue: $576 million

Cramer said that he’ll be keeping “plummeting freight rates” in mind when reviewing the company’s earnings. “I don’t think it’s customer demand sinking but supply of drivers rising,” he said.

Wednesday: Federal Reserve March meeting notes, Levi Strauss

Federal Reserve

  • March 15 – 16 meeting minutes release at 2 p.m. ET

“Those notes come from a period before the collapse in transportation rates, and that’s something that can reduce inflation all on its own. … Be mindful that [the minutes are] old,” Cramer said.

Levi Strauss

  • Q1 2022 earnings release; conference call at 5 p.m. ET
  • Projected EPS: 42 cents
  • Projected revenue: $1.55 billion

Cramer said he’s interested in finding out whether rising cost of cotton has affected Levi Strauss’ gross margins.

Thursday: Constellation Brands, Conagra Brands

Cramer said he liked the juxtaposition of the two brands: Constellation’s brands include names like Corona and Mi Campo while Conagra’s portfolio includes brands like Slim Jim and Earth Balance.

Constellation Brands

  • Q4 2022 earnings release before the bell; conference call at 10:30 a.m. ET
  • Projected EPS: $2.09
  • Projected revenue: $2.02 billion

Conagra Brands

  • Q3 2022 earnings release at 7:30 a.m. ET; conference call at 9:30 a.m. ET
  • Projected EPS: 58 cents
  • Projected revenue: $2.84 billion

Friday: Baker Hughes’ North American rig count

  • Release at 1 p.m. ET weekly

“The oils are arguably the last remaining strong group besides the recession-proof utilities, and they love that they can make a ton of money holding down production,” Cramer said.



Source

Elon Musk is telling his followers to cancel Netflix subscriptions. Here’s what’s happening
Business

Elon Musk is telling his followers to cancel Netflix subscriptions. Here’s what’s happening

Elon Musk stands in the Oval Office to attend a press event with U.S. President Donald Trump, at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Elon Musk this week urged his followers to cancel their Netflix subscriptions over a controversy surrounding an animated show and its creator. Musk […]

Read More
Ultra-wealthy millennials and Gen Zers to displace baby boomers by 2040
Business

Ultra-wealthy millennials and Gen Zers to displace baby boomers by 2040

Young cheerful lady enjoying on poolside. Resting in spa hotel in pine forest in summertime. Swimming pool in tourist resort. Joyful woman on vacations, female wellbeing. Oleg Breslavtsev | Moment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor […]

Read More
Government shutdown means opportune timing for Neptune Flood IPO
Business

Government shutdown means opportune timing for Neptune Flood IPO

The timing of Neptune Insurance Holdings’ IPO couldn’t be more opportune. Neptune, the nation’s largest private flood insurance, debuts on the New York Stock Exchange Wednesday under the ticker symbol “NP.” The company sold more than 18 millions shares in its initial public offering at $20 apiece. The company’s first trade comes just as the […]

Read More