Global Courant
CNBC’s Jim Cramer presented his game plan for the week ahead on Friday, encouraging investors to remain calm while the market is so overbought.
“I think it will be worth waiting for a price break before pulling the trigger,” Cramer said. “There are plenty of high quality stocks that can still fall sharply in a favorable environment, such as health insurance this week — more on that later — or semiconductors last week, so I’m sure you’ll get a chance to buy.” something good for weakness, so why not wait?”
While the market is closed on Mondays for the Juneteenth holiday, Cramer will be watching Raytheon perform at the Paris Air Show. He expects positive results due to the high demand for global travel after Covid.
FedEx will report earnings Tuesday, and Cramer said he thinks the company has “one of the most exciting situations in the entire market,” thanks to new CEO Raj Subramaniam and the surge in e-commerce over the past few months.
An analyst meeting will be held on Wednesday Money tree, which Cramer said was just one of the worst quarters of the year. He believes a comeback is possible, but not without a tangible plan of action. Elsewhere, homebuilder KB Home reports on Wednesday after the close, and Cramer expects the outcome to be similar to the positive results recently reported by his colleague, lennar.
On Thursday, Cramer is all about Olive Garden parent Darden‘s earnings report, as well as software company investor meetings Samsara And MongoDB. He expects all three names to tell positive stories, especially Darden, as he thinks people will continue to spend on eating out.
Cramer thinks AutoMaxFriday’s earnings report will show that used car prices are falling, which he says is a good sign for the company.
What is Cramer all about?
“When I say the market gives you opportunities to enter, I’m reminded that violent moves happen all the time, and that’s when you trade,” he said. “The pattern is simple: emotional horror show followed by rational buying, which remains a very good setup indeed.”
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