Jim Cramer’s week ahead: Fed meeting and CPI report

CNBC’s

Jim
Cramer
on
Friday
guided
investors
through
next
week’s
most
market-moving
events,
highlighting
the

Federal
Reserve’s
meeting
and
the
latest

consumer
price
index
report.

“I’d
be
careful
making
a
big
move
before
the
Fed
meeting.
We
can’t
be
sure
if

Jay
Powell
won’t
be
more
emphatic
about
leaving
rates
higher
for
longer
given
this
morning’s
hotter-than-expected jobs
report,”
he
said.
“Lots
to
chew
on,
not
enough
to
pull
the
trigger.”

Monday
brings
events
from
three
mega
caps,


Nvidia,


Apple
and


Eli
Lilly.
Cramer
will
be
watching
Apple’s
Worldwide
Developers
Conference
to
learn
more
about
the
Vision
Pro
and
the
iPhone
16.
Nvidia
will
implement
its
10-for-1
stock
split,
and
Cramer
said
shares
might
drop
on
Monday
as
buyers
take
profits.
An
FDA
advisory
panel
will
consider
Eli
Lilly’s
Alzheimer’s
drug,
and
he
said
he’s
optimistic
about
the
outcome.

Oracle
reports
on
Tuesday,
and
Cramer
said
he’s
not
sure
how
this
enterprise
software
company
will
fare.
He
noted
that
Cerner,
an
electronic
health
records
business
Oracle
bought
two
years
ago,
hasn’t
been
performing
well.


Casey’s
General
Stores
will
also
report
that
day,
and
Cramer
said
business
is
strong
and
the
stock
has
been
“a
total
winner.”

May’s
CPI
report
will
come
out
on
Wednesday,
and
Cramer
said
he
suspects
it
will
be
hot
after
Friday’s
nonfarm
payrolls
were

stronger
than
expected.
In
that
vein,
the
Fed
will
likely
leave
rates
higher
for
longer
at
its
Wednesday
meeting,
Cramer
said.
He’ll
also
be
waiting
to
see
earnings
results
from


Broadcom,
saying
shares
could
jump
if
the
company’s
wireless
business
improves.

Signet
Jewelers,


RH
and


Adobe
will
report
on
Thursday.
Cramer
said
he
likes
the
jewelry
retailer,
and
there
may
be
a
good
buying
opportunity
if
the
stock
takes
a
hit.
He
added
that
he’s
not
expecting
much
upside
for
RH
until
there’s
more
housing
turnover.
And
while
he
said
he
likes
Adobe,
he
noted
that
the
company
is
seeing
competition
from
Figma,
a
design
tool
outfit
it

attempted
to
buy.

Friday
brings
a
fireside
chat
from


Affirm,
a
buy-now
pay-later
company.
Cramer
said
he
thinks
the
company
has
been
doing
well,
but
institutional
investors
may
not
be
interested
in
financial
technology
outfits
because
interest
rates
remain
high.

Sign
up
now for
the
CNBC
Investing
Club
to
follow
Jim
Cramer’s
every
move
in
the
market.

Disclaimer
The
CNBC
Investing
Club
Charitable
Trust
holds
shares
of
Apple,
Nvidia,
Broadcom
and
Eli
Lilly.