Cramer’s week ahead: Don’t let the Fed’s meeting obscure investing opportunities | CPT PPP Coverage
Cryptopolytech (CPT) Public Press Pass (PPP)
News of the Day COVERAGE
200000048 – World Newser
•| #World |•| #Online |•| #Media |•| #Outlet |
View more Headlines & Breaking News here, as covered by cryptopolytech.com
Cramer’s week ahead: Don’t let the Fed’s meeting obscure investing opportunities appeared on www.cnbc.com by Krystal Hur.
CNBC’s Jim Cramer on Friday advised investors to keep their eyes peeled for chances to improve their portfolios next week.
“These big macro numbers and important Fed meetings are a drag – I know. They obscure the actual opportunities out there. I want you to keep your eyes open for ideas and not be blinded by the [Federal Reserve] light,” he said.
related investing news
Stocks tumbled to end the week down on Friday, roiled by investors’ worries about a possible recession. Two key economic events take place next week, including the release of the November consumer price index report and the Federal Reserve’s December meeting.
Wall Street expects the Fed to raise interest rates by 50 basis points.
“We need to see a cooler consumer price index, with the Fed only raising interest rates by 50 basis points and then saying they’ll take some time to assess the situation before they tighten again,” Cramer said.
He also previewed next week’s slate of earnings. All earnings and revenue estimates are courtesy of FactSet.
Monday: Coupa Software, Oracle
Coupa Software
- Q3 2023 earnings release at 4:03 p.m. ET; conference call at 4:30 p.m. ET
- Projected EPS: 17 cents
- Projected revenue: $252 million
Cramer predicted that the stock will fall if the company doesn’t prioritize profitability over growth.
Oracle
- Q2 2023 earnings release at 4 p.m. ET; conference call at 5 p.m. ET
- Projected EPS: $1.17
- Projected revenue: $11.95 billion
“At 16 times earnings, I just don’t see how much there is to lose,” he said.
Tuesday: Eli Lilly
- 2023 guidance call at 9 a.m. ET
Investors who don’t already own shares of Eli Lilly should wait to buy until after the call, Cramer advised.
Wednesday: Lennar
- Q4 2022 earnings release at 4:30 p.m. ET; conference call on Thursday at 11 a.m. ET
- Projected EPS: $4.88
- Projected revenue: $9.98 billion
He predicted that the company will likely report a “terrific” quarter, which would be bad news for the Fed’s battle against inflation.
Thursday: Adobe
- Q4 2022 earnings release at 4:05 p.m. ET; conference call at 5 p.m. ET
- Projected EPS: $3.50
- Projected revenue: $4.53 billion
Cramer said that it’s too soon to buy shares of Adobe.
Friday: Darden Restaurants, Accenture
Darden Restaurants
- Q2 2023 earnings release at 7 a.m. ET; conference call at 8:30 a.m. ET
- Projected EPS: $1.43
- Projected revenue: $2.43 billion
The company will likely report a solid quarter, he predicted.
Accenture
- Q1 2023 earnings release at 6:45 a.m. ET; conference call at 8 a.m. ET
- Projected EPS: $2.92
- Projected revenue: $15.58 billion
“If you think, as I do, that companies will cut back on digitization going forward in order to attempt to save money, you might want to avoid Accenture,” Cramer said.
Disclaimer: Cramer’s Charitable Trust owns shares of Eli Lilly.
FEATURED ‘News of the Day’, as reported by public domain newswires.
View ALL Headlines & Breaking News here.
Source Information (if available)
This article originally appeared on www.cnbc.com by Krystal Hur – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.
We will happily entertain any content removal requests, simply reach out to us. In the interim, please perform due diligence and place any content you deem “privileged” behind a subscription and/or paywall.
CPT (CryptoPolyTech) PPP (Public Press Pass) Coverage features stories and headlines you may not otherwise see due to the manipulation of mass media.
First to share? If share image does not populate, please close the share box & re-open or reload page to load the image, Thanks!