All articles tagged with #labor report
JPMorgan Chase CEO Jamie Dimon stated that the US economy is weakening, citing a significant downward revision in labor data and expressing uncertainty about whether a recession is imminent or if the economy is just slowing down.
CNBC's Jim Cramer anticipates a challenging week on Wall Street with a Federal Reserve meeting, labor report, and a flurry of high-profile earnings. He advises against making impulsive investment decisions and highlights key events such as steelmakers' earnings on Monday, a corporate traffic jam on Tuesday with reports from Pfizer, General Motors, Microsoft, Alphabet, Starbucks, and AMD, and the Fed meeting on Wednesday. Cramer also looks forward to earnings from Mastercard and Boeing, as well as reports from Apple, Amazon, and Meta on Thursday, and employment data and earnings from Chevron and Exxon on Friday.
CNBC's Jim Cramer highlights key events for investors to watch in the coming week, including the nonfarm payroll report, which could impact interest rates. Cramer also mentions upcoming earnings reports from NIO, J.M. Smucker, Toll Brothers, MongoDB, Campbell Soup, Ollie's Bargain Outlet, Dollar General, Broadcom, and Lululemon. He suggests that stocks unrelated to the "Magnificent Seven" may have a chance to shine. Additionally, Cramer discusses the potential effects of new weight-loss drugs on snack and junk food companies.
Jim Cramer believes that the debt ceiling crisis will cause mayhem in the market, but as long as it is resolved, it won't destroy it. He recommends waiting to buy until after tomorrow's labor report hurdle is cleared, and then taking profits before steeling oneself for the debt ceiling fiasco. If concerns about the debt ceiling are cleared, it could potentially reopen the IPO window and usher in good deals.