CPI data and Delta, Domino’s Pizza revenue

CNBC’s Jim Cramer looked back at the major moves that will move the market next week, highlighting new Consumer Price Index data and a slew of earnings reports as the season gets underway. delta, domino pizza and some major banks. He also noted that stocks rose on Friday after Wall Street celebrated better-than-expected job creation last month.

“A market that appreciates good news like strong job creation numbers is, well, a market that can handle a historically tough October,” he said. “All I can say after today’s performance is that it was very good so far.”

Earnings will be brought in on Tuesday. pepsico and from investor day general motors. Kramer noted that the company’s price target had been lowered, but suggested the stock could “stabilize with some good performance.” Meanwhile, Cramer said the stock could rise if General Motors maintains expectations, adding that the company has had a strong year.

On Wednesday, the Federal Open Market Committee is expected to release notes from its most recent meeting, which Cramer said could reveal the central bank’s decision to cut rates by as much as 50 basis points. He said there is. He added that Wall Street continues to speculate about the Fed’s next move, with opinions mixed, especially after Friday’s strong labor data.

The Labor Department will release its September CPI report on Thursday, and Cramer said investors hoping for a rate cut should expect a sober number. Domino’s Pizza and Delta Air Lines will also benefit Thursday. Kramer said the pizza maker’s last quarter was disappointing, due in part to weak international business, adding that analysts were divided on what the report would make. Cramer also said he’s wary of airline stocks, but doubts Delta Air Lines has a “good story.”

Kramer cited three Big Tech events that took place Thursday. tesla We are planning to introduce robotaxis. AMD and HP Enterprise We will hold an analyst day. He expects Tesla’s self-driving cars will be welcomed by investors. Cramer said AMD’s “Advancing AI” event could show a new perspective on the company, suggesting the stock is a buy ahead of the meeting. Kramer said HP’s analyst day could be a “major change” as it focuses on the company’s artificial intelligence efforts, but he said it will be a “substantive, underappreciated and “

The Producer Price Index report will be released on Friday, and like the CPI, this data will be an indicator of the Fed’s next decisions, Cramer said. Major financial benefits will also be announced on that day, including: wells fargo, JP Morgan and black rock. He said banks represent the cheapest group in the market and investors should take advantage of the weakness and buy them.

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Disclaimer CNBC Investing Club Charitable Trust owns shares of Wells Fargo.