On Friday, CNBC’s Jim Cramer gave investors a look at what to watch on Wall Street next week, highlighting non-farm payrolls reports and earnings. GitlLab and Crowd Strike.
“Those of you who want the Fed to cut interest rates so severely that you want to sit on the sidelines until the cut happens, would do well to hope for some softness in the employment numbers next Friday,” he said.
GitLab is scheduled to report on Monday. Cramer said he’s waiting to see how the company performs because some in the enterprise software sector are having trouble selling. He noted that GitLab’s last quarter was disappointing. “It seemed like a one-off incident at the time, but maybe these reports were a harbinger of trouble to come for the industry,” he said.
CrowdStrike’s quarterly results were released on Tuesday, and Cramer said the cybersecurity company is performing better than many of its peers.
hewlett packard enterprise, ferguson and PVH Please report on Tuesday as well. Cramer will be watching to see how HPE compares to competitors like Dell. According to Cramer, Ferguson is a great way to invest in infrastructure. He also said he will be watching PVH, known for brands like Calvin Klein and Tommy Hilfiger, but prefers Ralph Lauren when it comes to clothing.
dollar tree, campbell soupjack daniel maker Brown-Forman and lululemon I will report on Wednesday. Cramer said he wonders if Brown-Forman can explain what’s hurting alcohol sales and whether the difficult and crowded athleisure market is already “baked in” to Lululemon’s stock.
on Thursday, JM Smucker and Documentary Sign A report is scheduled. Cramer said JM Smucker needs to find something that can help the company grow faster and wonders how DocuSign will figure out how to turn the business around.
Friday will probably be the most important event of the week, according to Cramer, the Labor Department’s May nonfarm payroll report. He emphasized that the Federal Reserve will not cut interest rates until the unemployment rate reaches 4%. The unemployment rate in April rose slightly from 3.8% the previous month to 3.9%.
