Business

Consumption trends will gauge inflation

CNBC’s Jim Cramer said on Friday that any negative consumer sign next week would be a welcome sign for Federal Reserve in the fight against inflation.

“I know it’s a total drag to hope for the negative, but that’s what we need right now” to bring down inflation, he said. “I bet we’ll see that confidence is dropping rapidly.”

The “Crazy money“The presenter said he is monitoring the consumer price index, and the University of Michigan’s consumer sentiment index will be released next week to confirm his prediction that consumer confidence usage is decreasing.

“That’s exactly what the Fed doctor ordered,” he said.

He also previewed next week’s earnings plan. All earnings and revenue estimates are provided by FactSet.

Tuesday: JM Smucker, Cracker Barrel

JM Smucker

  • Q4 2022 earnings released before the alarm bells; conference call at 9 a.m. ET
  • Forward EPS: $1.88
  • Expected revenue: 1.98 billion USD

Cramer said that if the food maker’s stock manages to recover from its quarterly earnings report, it will bode well for the rest of the industry.

Cracker Barrel

  • Q3 2022 earnings announced tbd; conference call at 11 a.m. ET
  • Forward EPS: $1.27
  • Expected revenue: 790 million USD

Investors should watch out for any mention of a more frugal consumer from the restaurant chain, says Cramer.

Wednesday: Thor Industries, Campbell Soup, Five Below

Thor Industries

  • Q3 2022 earnings released before the alarm bells; tbd . conference call
  • Forward EPS: $4.72
  • Expected revenue: $4.16 billion

Cramer said the entertainment media maker’s earnings call is a must-listen for investors looking to read about the state of inflation.

Campbell Soup

  • Announces Q3 2022 earnings at 7:15 a.m. ET; conference call at 8 a.m. ET
  • Forward EPS: 61 cents
  • Expected revenue: 2.04 billion USD

“I like the management of Campbell Soup. I bet the stock can go higher,” he said.

Year below

  • Announce Q1 2022 earnings after closing; conference call at 4:30 p.m. ET
  • Forward EPS: 58 cents
  • Expected revenue: 654 million USD

The following five have a good concept, good management, good stock,” Cramer said.

Thursday: Signet Jewelers, DocuSign, Vail Resorts

Signet Jewelers

  • Announces Q1 2023 earnings at 7 a.m. ET; conference call at 8:30 a.m. ET
  • Expected EPS: $2.38
  • Expected revenue: 1.81 billion USD

Cramer said he expects the company to deliver strong numbers for the most recent quarter.

DocuSign

  • Announces Q1 2023 earnings after closing; conference call at 4:30 p.m. ET
  • Forward EPS: 56 cents
  • Expected revenue: 683 million USD

Cramer said he expected a strong but stagnant operating result from the company.

Resorts in Vail

  • Announce third quarter 2022 earnings after closing; conference call at 5 p.m. ET
  • Expected EPS: $9.03
  • Expected revenue: 1.15 billion USD

Cramer said he wants to know if the mountain resort company is concerned about a recession.

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