How Powell and the Fed Might React to FedEx Warning

CNBC’s Jim Kramer said so on Friday FedExThe bank’s warning of deteriorating economic conditions suggests that the Fed is doing better on its inflation efforts than expected – which means the central bank may take a step back after it meets next week.

“If Fed Chairman Jay Powell watches our interview last night… he may find that he has made more progress in beating inflation than he may realize,” Cramer said.

“Maybe Powell hits us with another 75 basis points lift here and then says maybe it’s time to take a more thoughtful approach in order to assess how things are going,” he added.

The “money mad“The host’s comments came after FedEx, a leading economics company, On Thursday, he warned of a decline in global shipments And the The impending global recession.

Stocks closed lower on Friday as Wall Street digested the news, and the major averages posted their fourth week of losses in the past five weeks.

Cramer also reviewed the earnings list for the coming week. All earnings and revenue estimates are provided by FactSet.

Monday: AutoZone

  • Q4 2022 earnings announcement at 6:55 a.m. ET; Conference call at 10 a.m. ET
  • Expected EPS: $38.5
  • Expected revenue: $5.16 billion

Cramer said he’s interested to see if company officials see an end to the car shortage.

Tuesday: nvidia

  • GTC Financial Analyst Q&A at 1 PM ET

Cramer said he’s sticking with Nvidia despite the recent plunge in stocks. “This is how Nvidia behaves – you get horribly fast moves followed by long rallies.”

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Wednesday: General Mills, Sales Force, Lenar, KP Homes

general mills

  • First Quarter 2023 Earnings Announcement at 7 AM ET; Conference call at 9 a.m. ET
  • Expected EPS: $1
  • Expected revenue: $4.72 billion

The company will likely be the winner because it is the best food stock in an uncertain economic environment, Kramer predicted.

sales force

  • Investor Day at 4pm ET

Cramer said that while he doesn’t expect to hear anything that could motivate him to buy the stock, he remains optimistic about the long-term.

linar

  • Announcement of third-quarter 2022 earnings at 4:30 p.m. ET; Conference call Thursday at 11 a.m. ET
  • Expected EPS: $4.86
  • Expected revenue: $8.97 billion

KB Home

  • release of Q3 2022 earnings between 4:10 to 4:20 p.m. ET; Conference call at 5 p.m. ET
  • Expected EPS: $2.66
  • Expected revenue: $1.88 billion

Cramer said he expects both Lenar and KB Home to be weak due to higher mortgage rates.

Thursday: Costco, FedEx, Qualcomm

costco

  • release of Q4 2022 earnings at 4:15 p.m. ET; Conference call at 5 p.m. ET
  • Expected EPS: $4.17
  • Expected revenue: $70.8 billion

Cramer said he hopes the stock will fall so the investment club can buy more.

FedEx

While the company may reveal more information about the last quarter, its trajectory likely hasn’t changed since then I have already reported disappointing results In her initial announcement, Kramer said.

Qualcomm

  • Auto Investor Day at 3 p.m. ET

Cramer said the company will showcase the “new Qualcomm” during the event.

Disclaimer: Cramer’s Charitable Trust owns shares in Costco, Salesforce, Nvidia and Qualcomm.

Kramer's game plan for September 19th trading week

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