CPI data and earnings of Delta, Domino

by CNBC Jim Cramer has looked at the top action impacting markets next week, highlighting new actions consumer price index data and a series of earnings reports as the season begins, including reports from Plain, Domino’s and some large banks. He also noted Friday’s stock price rally as Wall Street celebrated Job creation is better than expected last month.

“A market that appreciates good news, such as strong job creation, is a market that can handle, say, a historically difficult October,” he said. “After today’s performance, all I can say is so far so good.”

The third brings income from PepsiCo and a day of investment from General motive. Cramer noted that there have been some price target cuts for the beverage company, but said the stock could “stabilize based on inline performance.” Meanwhile, General Motors stock could move higher if the company maintains its forecast, according to Cramer, who added that the company had a solid year.

On Wednesday, the Federal Open Market Committee will release notes from its most recent meeting, and Cramer said they could shed light on the central bank’s decision to interest rate cuts with a 50 basis point increase. He said Wall Street continues to speculate about the Federal Reserve’s next move, adding that there are mixed opinions, especially after Friday’s strong labor data.

The Labor Department will release its September CPI report on Thursday and Cramer said investors looking for rate cuts are hoping for an attractive number. Thursday also brought earnings from Domino’s and Delta. The pizza maker’s last quarter was disappointing in part because of weak performance overseas, Cramer said, adding that analysts were split on where the report would come from. out how. And while Cramer said he’s wary of airline stocks, he doubts Delta will tell “a good story.”

Cramer pointed to three major Tech events on Thursday: Tesla will disclose its robotaxi and both AMD And HP Enterprise will organize an analysis day. He predicts Tesla’s self-driving cars will be warmly received by investors. Cramer said AMD’s “Advancing AI” event could give the company a new perspective and he suggested buying the stock before the meeting. According to Cramer, HP’s analyst day could be “an important move”, as it focuses on artificial intelligence efforts – which he considers “significant and underrated”.

Cramer said Friday will release the producer price index report and like CPI, this data will be the barometer for the Fed’s next decision. Financial income from big tickets will also appear on that day, incl Wells Fargo, JPMorgan And slat. He said banks represent the least expensive group in the market and investors should take advantage of any weakness to buy them.

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Disclaimer The CNBC Investment Club charitable foundation holds shares of Wells Fargo.