Kramer Week Ahead: Brace for Negativity

On Friday, CNBC’s Jim Kramer advised investors to prepare themselves against next week’s Wall Street downturn as a concern over a possible recession mount.

“I believe our economy is heading for a recession – it only increases rates. But a slowdown doesn’t necessarily turn into a terrible, crash-landing recession. অনেক There are many ways to get out of this situation. He said that it will end in a complete recession

“Whatever happens next week, Wall Street will be in good news, bad news mode.… So, you should probably steel yourself for the negativity,” he added later.

The key parts of Treasury yields have been reversed this week, raising concerns that the economy is heading for a recession. Contrary to the yield curve historically there has been a recession but not a definite indicator.

The Dow Jones Industrial Average rose 0.4% on Friday, while the S&P 500 rose 0.34%. Nasdaq rose 0.29%.

Kramer also looks forward to next week’s slate of quarterly earnings reporting companies, as well as other events relevant to the market.

All earnings and revenue estimates are courtesy of FactSet.

Monday: Sustainable Products Report from the U.S. Census Bureau

  • Report released at 10:00 am ET

“If it’s strong, I can tell you it would be pronounced as the last good number of a cycle,” Kramer said. “If it’s bad, it’ll be the first bad number of defeats.”

Tuesday: Sharpness Brand, Greenbrier Company

Sharpness brands

  • Q2 2022 earnings release at 6 am ET; Conference call at 8 am ET
  • Projected EPS: $ 2.38
  • Expected Revenue: $ 885 million

“Last time they did well, but thanks to the inverted yield curve, this time if they say things are good, they will be labeled as hopeless optimists in their conference call unless they tell a truly disappointing story,” Kramer said.

Greenbrier Company

  • Q2 2022 income disclosure; Conference call at 11 a.m. Wednesday
  • Projected EPS: 19 cents
  • Expected Revenue: $ 576 million

Kramer said he would keep in mind “reduction of freight rates” when reviewing the company’s earnings. “I don’t think it’s declining customer demand but increasing supply for drivers,” he said.

Wednesday: Federal Reserve March Meeting Note, Levi Strauss

Federal Reserve

  • March 15 – 16 meeting minutes release 2 pm ET

“These notes come from before the fall in transport rates, and this is something that can reduce inflation on its own. Remember that [the minutes are] Old, “Kramer said.

Levi Strauss

  • Q1 2022 income disclosure; Conference call at 5 p.m.
  • Projected EPS: 42 cents
  • Expected revenue: $ 1.55 billion

Kramer said he was interested in finding out if the rise in cotton prices had affected Levy Strauss’ gross margin.

Thursday: Constellation Brands, Congra Brands

Kramer said he prefers a combination of two brands: Nakshatra’s brands include names like Corona and MI Campo, while Conger’s portfolio includes brands like Slim Gym and Earth Balance.

Constellation brand

  • Q4 2022 Release hours before earnings; Conference call 10:30 am ET
  • Projected EPS: $ 2.09
  • Expected Revenue: $ 2.02 billion

Congra Brands

  • Q3 2022 Earnings Release at 7:30 am ET; Conference call 9:30 am ET
  • Projected EPS: 58 cents
  • Expected Revenue: 2.84 billion

Friday: Baker Hughes’ North American rig count

  • 1 pm ET weekly release

“Apart from the recession-proof utilities, oils are arguably the last remaining strong group, and they prefer that they could make a ton of money by withholding production,” Kramer said.

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