Jim Cramer's Week Ahead: Fed Meeting and Big Tech Earnings

Next week will be crucial for Wall Street as earnings season kicks off. CNBC's Jim Cramer has outlined the key events he will be monitoring, particularly the Federal Reserve's meeting and earnings reports from significant technology companies. He advises investors to exercise caution and avoid making major decisions during this time.

"This week is going to be a whirlwind. Each day will bring a wave of earnings along with potentially market-moving statements from political figures," Cramer noted. He urges investors to focus on listening rather than making snap decisions.

On Monday, Cramer plans to analyze earnings reports from SoFi and AT&T. He predicts strong results for SoFi, despite its stock being heavily shorted. Similarly, he expects positive outcomes for AT&T, thanks to earnings reports from its competitor, Verizon.

Tuesday's highlights include a report from General Motors. Cramer believes the company will deliver solid earnings, although it may see a dip as investors’ attention shifts to Tesla. Also on Tuesday, Starbucks will report its earnings, and Cramer is optimistic about the direction that new CEO Brian Niccol is taking, as he revamped Chipotle.

Wednesday is particularly packed with events. The Federal Reserve will announce its decision on interest rates, and Cramer anticipates they will not cut rates given the strength of employment. Additionally, both T-Mobile and ServiceNow will report earnings, with Cramer expecting a positive move for T-Mobile. Regarding ServiceNow, he suggests it could be a good investment if its stocks drop following the earnings release. The technology giants Microsoft and Meta will also disclose their earnings, with Cramer calling their results unpredictable. He also mentioned Tesla earnings, recalling that even when the company missed expectations last quarter, its stock price still increased, recommending investors to hold onto it.

On Thursday, Caterpillar is set to report earnings. Cramer commented on the company’s ability to tap into growth trends rather than just cyclical business. Additionally, Apple is reporting its earnings as well, and although some anticipate disappointing results, Cramer believes it remains a strong stock for long-term ownership, expecting the company to resolve any existing issues. Intel will also release its earnings, with Cramer noting the importance of improving its cash flow and balance sheet before individuals consider investing in it.

Finally, Friday will feature reports from Chevron and Exxon Mobil. Cramer stated he’s hesitant to invest in these oil companies, anticipating that they may increase drilling due to relaxed regulations under the current administration.

Additionally, the Labor Department will release the personal consumption expenditures price index, a crucial measure of inflation for the Federal Reserve, on Friday. Cramer predicts that inflation data won't show improvement due to elevated spending levels.

Cramer, Earnings, Investing