CNBC’s Jim Cramer warned investors on Friday that there could be more sales next week.
“Given the nature of September, you should expect next week to feel less like the decent action this morning and more like the ugly sellout this afternoon, although there might be some ups and downs. individual positives, ”said the host of“ Mad Money ”. . “I don’t mean to be depressing here, but as I keep saying, I need you to expect brutal days to come and not get dragged into those morning gatherings.”
Here’s Cramer’s game plan for the next five trading days:
Mad Money host Jim Cramer’s game plan for September 13 trading week
Monday: tech rally, backlash against Biden vaccine rule, Palo Alto Networks analyst meeting, Zoom conference, Oracle results
Cramer said that the a phone call Friday between President Joe Biden and Chinese leader Xi Jinping likely boosted morale in tech hardware stocks, especially in the semiconductor industry, as investors want tensions between the two to cool down more major economies of the world.
He said he would watch to see if there was a larger tech rally on Monday. “I’m concerned that September will simply loosen its bearish grip on the stock market narrative,” Cramer said.
Overall, Cramer said it was a “fairly quiet week” outside of the political and judicial realms. However, he said he would watch to see what Zoom had to say during his all-virtual conference.
“Zoom has to show us that it can grow aggressively with new products and acquisitions. Without that, I’ll tell you, I think the stock might even return its gains of the last few days,” he said. he declares.
Additionally, Cramer said Oracle’s earnings after Monday’s close are noteworthy, given the company’s nearly 39% rebound so far this year. “It is rising much faster than its rate of growth,” he said. It might not matter though. There is a halo after years in the niche; the halo comes from its inexpensive nature compared to its incredibly expensive colleagues.
Crocs store in New York.
Michael Brochstein | SOPA Pictures | LightRocket | Getty Images
Crocs shares have risen 130% year-to-date, and while Cramer said it might seem extraordinary at first glance, it’s because the shoe maker has “consistently beaten the numbers.”
“Why? How about when the company holds an analysts meeting … I think it will be very busy and earnings estimates will be out of date [higher] the next day, ”Cramer said.
Cramer said he believes analysts’ conclusions from Cisco Investor Day may be similar to what happens after the Crocs meeting the day before.
“A Morgan Stanley analyst just downgraded the stock yesterday. Don’t you think that’s brave given this excellent set of orders in his last report. I bet the bulls will win this battle,” Cramer said. .
“Yom Kippur, the day of Jewish atonement, falls on Thursday. It’s traditionally a day when businesses and analysts shy away from doing anything major, ”Cramer said. “But the federal government releases the retail sales numbers and if they’re low you can blame Covid and buy Amazon stock. It’s still the default stock to buy, right, when physical stores are showing weakness. “
The University of Michigan’s Key Consumer Sentiment Index is due for release Friday morning, with consensus forecast calling for a September reading of 71.3, according to FactSet. The final August reading of 70.3 was a low of the pandemic era.
“Have people become more pessimistic about a resurgence of the virus? Let’s take a look at the numbers,” Cramer said.
Finally, Cramer said he would keep an eye on the results of English football club Manchester United, in part due to the popularity of “Ted Lasso” on Apple TV +.
“I think football, or football as they call it, could see a resurgence of interest globally and we lack the means to invest in it. There is no better way than to own a hunk of the Premier League’s leading team, ManU, ”Cramer mentioned.
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