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Cramer’s week forward: Brace for negativity

CNBC’s Jim Cramer on Friday suggested buyers to brace themselves towards Wall Road’s negativity subsequent week as issues over a doable recession mount.

“I do consider that our financial system’s headed for a slowdown — that is simply what fee hikes do. However a slowdown would not essentially translate right into a horrific, crash-landing recession. … There are a lot of methods this example can play out that do not finish in a full-blown recession,” the “Mad Money” host mentioned.

“No matter what occurs subsequent week, Wall Road’s going to stay in excellent news, dangerous information mode. … So, maybe it is best to metal your self for the negativity,” he later added.

Key components of the Treasury yield have inverted this week, elevating issues that the financial system is headed for a recession. Yield curve inversions have traditionally preceded recessions however are usually not assured indicators.

The Dow Jones Industrial Common rose 0.4% on Friday whereas the S&P 500 gained 0.34%. The Nasdaq elevated 0.29%.

Cramer additionally previewed subsequent week’s slate of corporations reporting quarterly earnings, in addition to different occasions related to the market.

All earnings and income estimates are courtesy of FactSet.

Monday: U.S. Census Bureau’s Sturdy Items report

  • Report launch at 10:00 a.m. ET

“If it is robust, I can let you know it is going to be pronounced because the final good quantity” of a cycle on its final legs, Cramer mentioned. “If it is dangerous, it’s going to be the primary dangerous variety of the apocalypse.”

Tuesday: Acuity Manufacturers, Greenbrier Corporations

Acuity Brands

  • Q2 2022 earnings launch at 6 a.m. ET; convention name at 8 a.m. ET
  • Projected EPS: $2.38
  • Projected income: $885 million

“Final time they did nicely, however due to the inverted yield curve, this time if they are saying issues are good, they are going to be branded as hopeless optimists on their convention name except they inform a very miserable story,” Cramer mentioned.

Greenbrier Companies

  • Q2 2022 earnings launch; convention name on Wednesday at 11 a.m. ET
  • Projected EPS: 19 cents
  • Projected income: $576 million

Cramer mentioned that he’ll be retaining “plummeting freight charges” in thoughts when reviewing the corporate’s earnings. “I do not assume it is buyer demand sinking however provide of drivers rising,” he mentioned.

Wednesday: Federal Reserve March assembly notes, Levi Strauss

Federal Reserve

  • March 15 – 16 assembly minutes launch at 2 p.m. ET

“These notes come from a interval earlier than the collapse in transportation charges, and that is one thing that may cut back inflation all by itself. … Be conscious that [the minutes are] previous,” Cramer mentioned.

Levi Strauss

  • Q1 2022 earnings launch; convention name at 5 p.m. ET
  • Projected EPS: 42 cents
  • Projected income: $1.55 billion

Cramer mentioned he is fascinated with discovering out whether or not rising price of cotton has affected Levi Strauss’ gross margins.

Thursday: Constellation Manufacturers, Conagra Manufacturers

Cramer mentioned he favored the juxtaposition of the 2 manufacturers: Constellation’s manufacturers embrace names like Corona and Mi Campo whereas Conagra’s portfolio contains manufacturers like Slim Jim and Earth Steadiness.

Constellation Brands

  • This fall 2022 earnings launch earlier than the bell; convention name at 10:30 a.m. ET
  • Projected EPS: $2.09
  • Projected income: $2.02 billion

Conagra Brands

  • Q3 2022 earnings launch at 7:30 a.m. ET; convention name at 9:30 a.m. ET
  • Projected EPS: 58 cents
  • Projected income: $2.84 billion

Friday: Baker Hughes’ North American rig depend

  • Launch at 1 p.m. ET weekly

“The oils are arguably the final remaining robust group apart from the recession-proof utilities, and so they love that they will make a ton of cash holding down manufacturing,” Cramer mentioned.

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