Jim Cramer emphasized the importance of upcoming events like earnings reports, the Federal Reserve meeting, and employment figures in the coming week. He expressed uncertainty about the potential outcomes of these events and voiced his worries about the weakening economy, urging the Federal Reserve to be attentive to these indicators.
The Mad Money host discussed the significance of earnings reports from companies like SoFi, Domino’s Pizza, Eli Lilly, McDonald’s, Amazon, Starbucks, CVS, Pfizer, and others throughout the week. Highlighting Eli Lilly's report, Cramer noted that it would provide insights into the company's sales performance for its weight loss and diabetes drug, as well as details on the potential FDA approval timeline for its Alzheimer's treatment.
Cramer also commented on Apple's upcoming earnings report and investor skepticism surrounding the tech giant, pointing out Apple's collaboration with Nvidia for enterprise applications as a potential boost for the company's stock. He criticized the disproportionate coverage of Apple's struggles compared to successes of Google and Microsoft, underscoring the need for balanced media attention on corporate performances in the market.
In previous instances, Cramer has expressed skepticism about post-earnings rallies of companies like Tesla and Boeing, questioning the authenticity of market responses to their financial results.