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Earnings from Home Depot, Alibaba, Walmart – NBC 5 Dallas-Fort Worth

  • On Friday, CNBC’s Jim Cramer walked investors through next week’s market action.
  • He will follow the earnings of companies such as Home Depot, Alibaba and Walmart, as well as hear comments from Loretta Mester, president of the Federal Reserve Bank of Cleveland.

CNBC’s Jim Cramer on Friday walked investors through next week’s market action, advising them to pay attention to a number of earnings reports, including Home Depot, Alibaba and Walmart.

He also suggested that comments from Federal Reserve officials will continue to shape the market, saying investors should look forward to Monday and listen to comments from Loretta Mester, president of the Federal Reserve Bank of Cleveland.

“The more Fed officials entertain us with their hawkish comments, as long as they keep us in suspense, the more likely it is that the Fed will be able to cut interest rates in the not-too-distant future,” Cramer said. “The more we hear from these hawkish officials, the worse the economy gets, and ultimately we all win because the Fed needs the economy to be soft before it can make cuts.”

On Tuesday, Cramer will be waiting for Home Depot’s quarterly results and said he hopes the retailer will announce some recalls because consumers want companies that fight inflation. Alibaba also reported on the day, and Cramer said that if the quarter is good, Wall Street may be more willing to buy Chinese stocks. Nextracker’s report comes out after the close, and Cramer said he expects the solar technology company to post good numbers.

The Consumer Price Index will be released on Wednesday and Cramer said he thinks it will be weak. Cisco will also release an earnings report that day and said it would be “awkward” if the company didn’t provide a positive outlook because management should be able to talk about the dynamics of Splunk, the data mining company it just acquired.

Thursday brings gains from Walmart, Deere and Applied Materials. Cramer said Walmart’s stock could rise if it announces price cuts. He added that Applied Materials could have a good quarter as its peer Taiwan Semiconductor just released a positive sales report. Cramer will also pay attention to analyst meetings with Cracker Barrel and Dow.

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