Monday - Friday, 6:00 - 7:00 PM ETKey Points- CNBC's Jim Cramer said that Wall Street's recent gains could continue next week depending on the Federal Reserve's actions.
- He also reviewed next week's slate of earnings, including Meta, Apple, Amazon, Alphabet, Ford and more.
In this article
CNBC's Jim Cramer on Friday said that Wall Street's recent gains could continue next week depending on the Federal Reserve's actions.
"A decision not to raise rates at all might show too much weakness. A quarter-point with a statement that they'll remain vigilant will allow the bulls to party on," he said.
The central bank is set to conclude its first meeting of the year on Wednesday, which Wall Street largely expected to beget a quarter-percentage point interest rate hike.
Cramer said he'll also have his eye on the January nonfarm payrolls report set to be released Friday. "If wage inflation's very strong, the quarter-point move will be criticized. If it's weaker, we'll be hearing all about that hard landing," he said.
All estimates for earnings, revenue and economic data are courtesy of FactSet.
Monday: Whirlpool
He predicted that the company will report abating supply chain headwinds and a more frugal consumer on its conference call.
Tuesday: Caterpillar, Pfizer, Advanced Micro Devices
He said the company will likely report a solid quarter.
There's more to the company than unsustainable earnings from its Covid vaccine, despite what Wall Street believes, Cramer said.
"AMD's got a great portfolio now, and they keep taking market share," he said.
Wednesday: Meta Platforms
"All I know is the stock's had a real run, and while we own it for the Charitable Trust, we're not pounding the table on this one. Not here," Cramer said.
Thursday: Ford Motor, Apple, Amazon, Alphabet
He said he isn't worried that price cuts from Tesla will affect demand for Ford's electric vehicles.
Investors should hold onto their shares of the iPhone maker, according to Cramer.
Amazon stock will soar if the company lays off 100,000 employees, he predicted.
Cramer said that Alphabet also needs to downsize its workforce.
Friday: Regeneron Pharmaceuticals
He said he likes the stock.
Disclaimer; Cramer's Charitable Trust owns shares of Apple, Amazon, Advanced Micro Devices, Caterpillar, Ford and Meta.
Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter.
Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market.
Questions for Cramer?
Call Cramer: 1-800-743-CNBC
Want to take a deep dive into Cramer's world? Hit him up!
Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram
Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com
Got a confidential news tip? We want to hear from you.
Sign up for free newsletters and get more CNBC delivered to your inbox
Get this delivered to your inbox, and more info about our products and services.
© 2023 CNBC LLC. All Rights Reserved. A Division of NBCUniversal
Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.
Data also provided by 
Comments
0 comment