Jim Cramer's Week Ahead: Focus on Fed Meeting and Big Tech Earnings

CNBC's Jim Cramer is gearing up for an eventful week as Wall Street kicks off earnings season. He emphasizes that both the Federal Reserve's meeting and the earnings reports from major technology companies are significant events to watch.

Cramer describes the upcoming week as a "sheer hell week," suggesting that investors should brace themselves for a constant stream of earnings announcements and notable news snippets. He advises against making any drastic financial decisions during this hectic period, encouraging listeners to focus on the information coming out instead.

On Monday, Cramer plans to analyze earnings from SoFi and AT&T. He expresses optimism about SoFi's potential, despite the stock being heavily shorted, and expects AT&T to perform well too, particularly after observing decent results from Verizon.

Tuesday holds more reports, including one from General Motors. Cramer anticipates solid results, although he notes that GM's stock might decline as the market's attention is more on Tesla. The coffee powerhouse, Starbucks, is also set to report earnings. Cramer is optimistic about the new CEO, Brian Niccol, and his vision for the company, having successfully led Chipotle.

Wednesday is particularly crucial as the Federal Reserve will announce its decision on interest rates. Cramer does not expect a rate cut due to the current strength in employment. Also reporting this day are T-Mobile and ServiceNow; Cramer believes T-Mobile's stock will rise, while ServiceNow might be worth considering if its stock price dips afterwards. Major tech players Microsoft and Meta will also release their earnings, both of which Cramer considers to be wild cards. Additionally, Tesla will report, and Cramer still recommends owning the stock despite previous earnings misses.

On Thursday, Caterpillar will report, and Cramer highlights that the company has been focusing on long-term growth rather than just cyclical performance. He also mentioned Apple, acknowledging that the market predicts a disappointing outcome, but maintains it is a strong stock to hold for the long run as the company can address its current challenges. Intel is set to announce its earnings as well, but Cramer believes it needs to improve its financial situation before it's a stock worth owning.

Finally, on Friday, Chevron and Exxon Mobil will release their earnings. Cramer expresses hesitance in investing in oil companies, as he believes they might increase drilling following regulatory relaxations under President Trump.

Additionally, the Labor Department will share important inflation data, specifically the personal consumption expenditures price index. Cramer suspects the outcome will not be satisfactory due to ongoing consumer spending levels.

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Earnings, Investing, Finance