{"id":129375,"date":"2021-06-18T23:14:23","date_gmt":"2021-06-18T23:14:23","guid":{"rendered":"https:\/\/precoinnews.com\/?p=129375"},"modified":"2021-06-18T23:14:23","modified_gmt":"2021-06-18T23:14:23","slug":"cramers-week-ahead-the-sell-off-probably-isnt-done","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/cramers-week-ahead-the-sell-off-probably-isnt-done\/","title":{"rendered":"Cramer&#x27;s week ahead: &#x27;The sell-off probably isn&#x27;t done&#x27;"},"content":{"rendered":"<ul>\n<li>Upcoming public comments from the Fed&#x27;s James Bullard and Jerome Powell are crucial market events, CNBC&#x27;s Jim Cramer said Friday. <\/li>\n<li>Nike and FedEx also will offer key insight when they report earnings next week, the &quot;Mad Money&quot; host said.<\/li>\n<\/ul>\n<p>CNBC&#x27;s Jim Cramer on Friday looked ahead to next week&#x27;s key market events, which include public remarks from multiple Federal Reserve officials and earnings reports from Nike and FedEx.<\/p>\n<p>The &quot;Mad Money&quot; host&#x27;s lookahead came after another down day for Wall Street, with the Dow Jones Industrial Average dropping 533 points Friday to finish up its worst week since October.<\/p>\n<p>&quot;The Fed is in warning mode, and warning mode &#8230; can be brutal,&quot; Cramer said, adding that history also shows late June is a tough time for stocks in general. &quot;The bad news is that the sell-off probably isn&#x27;t done,&quot; he said.<\/p>\n<p>Revenue and earnings-per-share projections are based on FactSet estimates:<\/p>\n<h2>Monday: Bullard speaks<\/h2>\n<p>Investors will be paying close attention to what St. Louis Fed President James Bullard has to say Monday, Cramer said. That&#x27;s because the central bank official&#x27;s interest rate comments Friday morning on CNBC weighed on market sentiment.<\/p>\n<p>&quot;If he doesn&#x27;t drop the 2022 rate hike talk, I expect the averages to keep getting hit,&quot; Cramer said, explaining that money would likely then keep &quot;flowing into the high-growth stocks by midday, perhaps late day, that thrive in a slowing economy \u2014 Adobe, Nvidia, a couple others I&#x27;m going to mention \u2014 and then flow out of the construction, farm equipment, aerospace, oil plays, industrials.&quot;<\/p>\n<h2>Tuesday: Powell speaks<\/h2>\n<p>The Fed remains in focus Tuesday, with Chairman Jerome Powell scheduled to make public comments, Cramer said. He expects Powell will simply acknowledge Bullard&#x27;s view, he said, without forcefully pushing back.<\/p>\n<p>&quot;If Powell doesn&#x27;t defang Bullard&#x27;s comments and the market falls, I think that&#x27;s the time to do some selective buying in higher growth stocks,&quot; Cramer contended, pointing to Adobe, Amazon and Advanced Micro Devices as three companies to consider buying.<\/p>\n<h2>Wednesday: Winnebago, KB Home earnings<\/h2>\n<p>Winnebago<\/p>\n<ul>\n<li>3Q fiscal 2021 results before the bell; conference call at 10 a.m. ET<\/li>\n<li>Projected EPS: $1.77<\/li>\n<li>Projected revenue: $839 million<\/li>\n<\/ul>\n<p>&quot;We know the RV and motor home industry is on fire right now, but it hasn&#x27;t mattered to the stocks at all,&quot; Cramer said. &quot;Many people think of these as a pandemic play because Winnebagos are cleaner, safer ways to take a vacation, so maybe the stock goes down no matter what,&quot; he said.<\/p>\n<p>KB Home<\/p>\n<ul>\n<li>2Q results after the bell; conference call at 5 p.m. ET.<\/li>\n<li>Projected EPS: $1.63<\/li>\n<li>Projected revenue: $1.48 billion<\/li>\n<\/ul>\n<p>The company &quot;needs to confirm everything that Lennar just told us about the fantastic state of the housing market yesterday morning,&quot; Cramer said. &quot;If KB Home does that, I would actually circle back to Lennar &#8230; because it&#x27;s the biggest beneficiary from the current cycle and it just reported a magnificent quarter.&quot;<\/p>\n<h2>Thursday: Accenture, Nike and FedEx earnings<\/h2>\n<p>Accenture<\/p>\n<ul>\n<li>3Q fiscal 2021 results before the bell; conference call at 8 a.m. ET<\/li>\n<li>Projected EPS: $2.24<\/li>\n<li>Projected revenue: $12.77 billion<\/li>\n<\/ul>\n<p>Nike<\/p>\n<ul>\n<li>4Q fiscal 2021 results after the close; conference call at 5 p.m. ET.<\/li>\n<li>Projected EPS: 51 cents<\/li>\n<li>Projected revenue: $11.09 billion<\/li>\n<\/ul>\n<p>&quot;We&#x27;re expecting a big number from their U.S. business, but at the same time the possibility of a weaker Chinese number &#8230; is very much on the table,&quot; Cramer said. However, he said if Nike meets expectations and management avoids any stumbles on the conference call, &quot;I suspect they&#x27;ll be rewarded with a series of price target boosts, maybe even an upgrade or two. Great story, but not if China stays as important as it&#x27;s been.&quot;<\/p>\n<p>FedEx<\/p>\n<ul>\n<li>4Q fiscal 2021 results after the bell; conference call at 5 p.m. ET<\/li>\n<li>Projected EPS: $4.98<\/li>\n<li>Projected revenue: $21.47 billion<\/li>\n<\/ul>\n<p>&quot;I think FedEx is a fantastic situation, but this is one that may not be able to maintain its momentum,&quot; Cramer said.<\/p>\n<h2>Friday: Paychex, CarMax earnings<\/h2>\n<p>Paychex<\/p>\n<ul>\n<li>4Q fiscal 2021 results before the bell; conference call at 9:30 a.m. ET<\/li>\n<li>Projected EPS: 67 cents<\/li>\n<li>Projected revenue: $980 million<\/li>\n<\/ul>\n<p>&quot;Typically, this stock comes in hot and then gets clobbered no matter what they say, even good things. This time, the stock&#x27;s been clobbered ahead, so it might be a good buy going into the quarter,&quot; Cramer said.<\/p>\n<p>CarMax<\/p>\n<ul>\n<li>1Q results before the open; conference call at 9 a.m. ET<\/li>\n<li>Projected EPS: $1.63<\/li>\n<li>Projected revenue: $6.17 billion<\/li>\n<\/ul>\n<p>&quot;Now that we finally have a break in commodities, we need to hear that used cars have become more plentiful. Unfortunately, I doubt that&#x27;s what we&#x27;re going to hear from CarMax,&quot; Cramer said.<\/p>\n<p>Questions for Cramer?<br \/> Call Cramer: 1-800-743-CNBC<\/p>\n<p>Want to take a deep dive into Cramer&#x27;s world? Hit him up!<br \/> Mad Money Twitter &#8211; Jim Cramer Twitter &#8211; Facebook &#8211; Instagram<\/p>\n<p>Questions, comments, suggestions for the &quot;Mad Money&quot; website? madcap@cnbc.com<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/06\/18\/jim-cramers-week-ahead-the-sell-off-probably-isnt-done.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Upcoming public comments from the Fed&#x27;s James<\/p>\n","protected":false},"author":3,"featured_media":129374,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cramer&#x27;s week ahead: &#x27;The sell-off probably isn&#x27;t done&#x27; - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/cramers-week-ahead-the-sell-off-probably-isnt-done\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cramer&#x27;s week ahead: &#x27;The sell-off probably isn&#x27;t done&#x27; 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