CNBC’s Jim Cramer on Friday warned that a 50-basis point rate hike could be coming if the March labor report set to be released next Friday reveals a tighter-than-ever job market.
“I fear that it will show the tightest labor market in 50 years. … If Fed Chief Jay Powell doesn’t catch a break when it comes to inflation, then it’s 50-basis point rate hikes for as far as the eye can see,” the “ເງິນ Mad” ເຈົ້າພາບເວົ້າ.
“Even if we get lots of inflationary data next week, I think it’s already being reflected in the stock market, as we’ve come to accept the fact that the Federal Reserve is on a mission to” tamp down inflation, he added.
Cramer’s comments come after traders issued predictions for half-point rate hikes in May and June in response to Federal Reserve Chair Jerome Powell’s pledge on Monday to act aggressively against skyrocketing inflation.
ດັດຊະນີອຸດສາຫະກໍາ Dow Jones ເພີ່ມຂຶ້ນ 0.4% ໃນວັນສຸກ, while the S&P increased 0.5%. The Nasdaq Composite inched lower 0.2%. All three major averages rose for a second consecutive week.
Market rallies this week were driven by investors who are hopeful that Russia will halt its invasion of Ukraine and “terrified that they won’t own enough stock in the unlikely event that peace breaks out over the weekend,” Cramer said.
He also previewed next week’s slate of companies reporting quarterly earnings. All earnings and revenue estimates are courtesy of FactSet.
Monday: Dave & Buster’s
- Q4 2021 earnings release after the close; conference call on Tuesday at 8:30 a.m. ET
- ໂຄງການ EPS: 61 ເຊັນ
- ລາຍໄດ້ຈາກການຄາດຄະເນ: 364 ລ້ານໂດລາ
“They’re both restaurant stocks and retailers, and two have become pariahs in this market. … Let’s hear what they have to say,” Cramer said.
Tuesday: McCormick, Micron, Lululemon, PVH, RH
- ການປ່ອຍລາຍໄດ້ Q1 2022 ຢູ່ທີ່ 6:30 am ET; ກອງປະຊຸມໂທຢູ່ 8 am ET
- ໂຄງການ EPS: 62 ເຊັນ
- ລາຍໄດ້ຈາກການຄາດຄະເນ: 1.47 ຕື້ໂດລາ
Cramer said he expects the company to report great numbers due to the popularity of hybrid work that keeps people cooking at home.
- ການປ່ອຍລາຍໄດ້ Q2 2022 ຫຼັງຈາກປິດ; ກອງປະຊຸມໂທຢູ່ 4:30 pm ແລະ
- ໂຄງການ EPS: $ 1.98
- ລາຍໄດ້ຈາກການຄາດຄະເນ: 7.53 ຕື້ໂດລາ
Micron could tell “a story about demand coupled with not enough new supply to upset the Apple cart of pricing,” Cramer said, adding that he believes the stock is a buy for investors interested in domestic semiconductor stocks.
- ການປ່ອຍລາຍໄດ້ Q4 2021 ເວລາ 4:05 ໂມງ ET; ກອງປະຊຸມໂທຢູ່ 4:30 pm ແລະ
- ໂຄງການ EPS: $ 3.27
- ລາຍໄດ້ຈາກການຄາດຄະເນ: 2.14 ຕື້ໂດລາ
“Maybe they can stem the selling with this conference call,” Cramer said. “It’s been its own private bear market.”
- Q4 2021 earnings release after the close; conference call on Wednesday at 9 a.m. ET
- ໂຄງການ EPS: $ 2.00
- ລາຍໄດ້ຈາກການຄາດຄະເນ: 2.38 ຕື້ໂດລາ
Cramer said he doesn’t expect a big quarter from PVH, noting its “clobbered” stock.
- ການປ່ອຍລາຍໄດ້ Q4 2021 ຫຼັງຈາກປິດ; ປະຊຸມໂທຢູ່ 5 ໂມງແລງ ET
- ໂຄງການ EPS: $ 5.59
- ລາຍໄດ້ຈາກການຄາດຄະເນ: 931 ລ້ານໂດລາ
RH will crush the numbers yet again this quarter, Cramer predicted.
Wednesday: Paychex, Five Below
- ການປ່ອຍລາຍໄດ້ Q3 2022 ກ່ອນລະຄັງ; ກອງປະຊຸມໂທຢູ່ 9:30 am ET
- ໂຄງການ EPS: $ 1.05
- ລາຍໄດ້ຈາກການຄາດຄະເນ: 1.22 ຕື້ໂດລາ
“This company has a history of delivering beat and raise quarters. With this red-hot employment market, I doubt they could be a disappointment,” Cramer said.
- Q4 2021 earnings release at 7 a.m. ET
- Investor Day at 9 a.m. ET
- ໂຄງການ EPS: $ 2.48
- ລາຍໄດ້ຈາກການຄາດຄະເນ: 1.01 ຕື້ໂດລາ
“Lots of analysts have been praising this one lately. I suspect that means they’re going to have good numbers because Wall Street hasn’t been too enthusiastic about retail in general,” Cramer said.
Thursday: Walgreens Boots Alliance
- ການປ່ອຍລາຍໄດ້ Q2 2022 ເວລາ 7 ໂມງເຊົ້າ ET; ກອງປະຊຸມໂທຢູ່ 8:30 am ET
- ໂຄງການ EPS: $ 1.37
- ລາຍໄດ້ຈາກການຄາດຄະເນ: 33.18 ຕື້ໂດລາ
Cramer said he hopes to see Walgreens catching up to competitor CVS. “What’s Walgreens going to do to challenge them? I don’t know, let’s find out.” He said.
Source: https://www.cnbc.com/2022/03/25/cramers-week-ahead-tight-march-labor-report-could-lead-fed-to-a-50-basis-point-rate-hike.html