'Market's Had A Very Solid Winning Streak Of Late': Jim Cramer Eyes Key Retailers And CPI Data In Critical Earnings Week Ahead
Portfolio Pulse from Nabaparna Bhattacharya
Jim Cramer, a CNBC market analyst, highlighted the significance of the upcoming week with key CPI data and earnings reports from major retailers like Target, Home Depot, Walmart, and Macy's. He linked the stock market's recent positive trend to stable interest rates and suggested that positive business reports could boost stock values. Cramer also pointed to the American Heart Association event, which could influence pharmaceutical stocks like Novo Nordisk and Eli Lilly. Additionally, he mentioned the potential impact of Monday.Com Ltd.'s report on larger tech companies such as Salesforce, ServiceNow, and Accenture.
November 11, 2023 | 7:18 pm
News sentiment analysis
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NEGATIVE IMPACT
Target's upcoming earnings report is critical, as Cramer considers it the current worst of the retail bunch, which could impact its stock price.
Given Cramer's view of Target as the weakest among its peers, a negative earnings report could further depress the stock in the short term.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Accenture could see stock price movement in response to Monday.Com Ltd.'s report and its effect on the tech sector.
As a consulting giant, Accenture's stock may be influenced by the performance of tech stocks like Monday.Com Ltd., though the extent is uncertain.
CONFIDENCE 60
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Salesforce may experience stock fluctuations following Monday.Com Ltd.'s report and its potential ripple effect on larger tech stocks.
The impact on Salesforce's stock will depend on Monday.Com Ltd.'s report and its perceived implications for larger tech companies.
CONFIDENCE 60
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Home Depot's forecast is under scrutiny, especially with high mortgage rates, which could influence its stock price.
The impact of Home Depot's forecast on its stock will depend on how it aligns with market expectations considering the current mortgage rates.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 80
NEUTRAL IMPACT
Macy's is also on Cramer's watch list for earnings reports, which could affect its stock price.
Macy's stock price could be influenced by its earnings report, but the exact impact will be clearer post-release.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 75
NEUTRAL IMPACT
ServiceNow's stock could be affected by the performance of smaller-cap tech stocks like Monday.Com Ltd.
ServiceNow's stock might see short-term impact based on the broader tech sector's reaction to Monday.Com Ltd.'s earnings report.
CONFIDENCE 60
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Walmart's earnings report on Thursday is anticipated by Cramer, which could sway its stock price.
Walmart's stock could see movement based on its earnings report, but the direction will depend on whether the report exceeds or falls short of expectations.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Eli Lilly's stock could be influenced by the AHA event outcomes related to weight loss drugs.
If the AHA event presents favorable data on weight loss drugs, Eli Lilly could see a positive impact on its stock due to potential product interest.
CONFIDENCE 65
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Novo Nordisk could see stock movement due to the American Heart Association event discussing weight loss drugs.
Positive findings on weight loss drugs at the AHA event could positively impact Novo Nordisk's stock as it could increase interest in their products.
CONFIDENCE 65
IMPORTANCE 65
RELEVANCE 70