Jim Cramer's week ahead: Nonfarm payroll data and Disney's proxy fight comes to a head [CNBC]
Paychex, Inc. (PAYX)
Last paychex, inc. earnings: 3/25 08:15 am
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Source: CNBC
attention to new nonfarm payroll data and Walt Disney's annual shareholder meeting, where its long and arduous proxy fight will come to a head. “In my view, the market's now well-prepared for a hot employment number, so if the labor report is more lukewarm, we'll go into earnings season with a pleasant backdrop,” he said. “Keep an eye on the employment report, because everything else that's coming next week pales in comparison — even the no holds barred Disney proxy fight.” On Monday, Cramer expects decent earnings from PVH , an apparel maker known for brands including Calvin Klein and Tommy Hilfiger. He said the company will be “an amazing test case of the new quarter” because it has run so much, and he's not sure if its gains will continue. Tuesday brings a report from Paychex , a payroll processor. Cramer said Paychex's stock tends to run up and then sell off after earnings even if results are positive, so there may be an opportunity to buy after the pullback. The company's r
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