CNBC’s Jim Cramer It offers new perception into Wall Avenue’s major concern: whether or not the Federal Reserve’s price hike marketing campaign will plunge the US into recession.

“The Fed desires us to speak in regards to the huge recreation with out truly having to do an excessive amount of,” Kramer mentioned on Friday’s episode of “Mad Cash.” can also be higher, we would like [Fed Chair Jerome Powell] Scaring the financial system to decelerate beneath its personal weight. We do not need limitless price hikes…it can destroy all the things in its path.”

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Cramer’s feedback come after per week of consecutive inventory market declines, with the S&P 500 down 5.6% in December. The decline comes as traders concern that the US financial system will enter a recession subsequent yr. On Wednesday, the Fed interest rate hike 0.5 proportion factors Highest level in 15 years.

All estimates of earnings, returns and financial information courtesy of FactSet.

Tuesday: House Begins and Earnings from Common Mills, FedEx, and Nike

Housing development began in November

  • Seasonally adjusted annual price: 1.41 million

Census Bureau Tuesday morning’s report on housing development is notable for the surge in dwelling costs in the course of the Covid pandemic, Cramer mentioned. It is a method to assist hold inflation down. Nonetheless, he warned that November housing begins have been unlikely to be robust as a consequence of issues in regards to the US financial system.

General Mills

  • Earnings for Q2 2023 before Bell.Conference Call at 9:00 AM ET
  • Projected EPS: $1.06
  • Projected revenue: $5.19 billion

General Mills has a tight earnings structure, Kramer said. That’s because the stock has surged 29% year-to-date, despite a tough year for the broader market. He noted that the company was able to raise prices because its cereal brands are loved.


  • Earnings for Q2 2023 after closing.Conference Call at 5:30 PM ET
  • Projected EPS: $2.82
  • Revenue forecast: $23.7 billion

The last time FedEx reported, it detailed plans for significant cost savings that should help improve profitability. Cramer said the post-earnings sale could create an opportunity to buy FedEx shares for investors who believe the Federal Reserve may not end up raising interest rates as high as expected. said.


  • Earnings for Q2 2023 as of 4:15 PM ET.Conference Call at 5:00 PM ET
  • Projected EPS: 65 cents
  • Sales Forecast: $12.58 Billion

Nike has recently received a flurry of analyst upgrades, which are likely analysts trying to pre-empt a full-scale reopening of the Chinese economy, Cramer said. ” he said.

Wednesday: Carnival, Cintas and Micron Earnings

carnival company

  • Pre-opening Q4 2022 earnings call; 10:00 a.m. ET conference call
  • Expected Loss: Loss of 88 cents per share
  • Projected revenue: $3.9 billion

Despite fears of an economic slowdown, spending on experiences has remained resilient, and Cramer said he hopes Carnival management remains bullish.


  • Earnings for Q2 2023 before Bell.Conference Call at 10:00 AM ET
  • Projected EPS: $3.03
  • Sales forecast: $2.13 billion

Cramer says the business services firm is an interesting barometer of the overall health of small businesses. “If Cyntas says the economy is better than it’s ever been, it could be a sign that the Fed needs to stay aggressive,” Kramer said.

micron technology

  • Earnings for Q1 2023 after closing.Conference Call at 4:30 PM ET
  • Expected loss: 1 cent loss per share
  • Projected revenue: $4.14 billion

Cramer said he is listening carefully to what memory chip makers have to say about inventory levels. If Micron still shows oversupply, Cramer said large-cap semiconductor stocks could fall further. “I think the most likely outcome is an oversupply, with a lot of chip stocks going up for sale on Thursday,” he said.

Thursday: Earnings from Paychex and Carmax


  • Earnings in Q2 2023 before opening.Conference Call at 9:30 AM ET
  • Projected EPS: 95 cents
  • Sales forecast: $1.19 billion

Cramer said he believes Paychex is a better small business barometer than Cintas. But, as is the case with Cintas, Cramer said if Paychex is talking about a healthy business environment, it could mean the Fed needs to raise rates by 0.5% a few more times. said.


  • Earnings for Q3 2023 before Bell.Conference Call at 9:00 AM ET
  • Projected EPS: 73 cents
  • Projected revenue: $7.34 billion

In terms of inflation and Federal Reserve policy, Cramer said he expects Carmax to be another company that shows weak sales and falling prices.

Friday: inflation data

November Personal Consumption Expenditure (PCE) Price Index

  • Core m/m: 0.2% expected
  • Core YoY: 4.6% expected

The Core PCE is the Federal Reserve’s preferred inflation gauge. It excludes food and energy. Cramer said the Fed may need to step into gas if PCE data suggests inflation is “still burning hot.”

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