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Cramer's week ahead: Earnings from Tesla, Merck and Big Tech [CNBC]
Last tesla, inc. earnings: 4/29 04:11 pm
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and Alphabet will be coming next week, but he zeroed in on the importance of the Personal Consumption Expenditures index because it is the real gauge of inflation. Cramer said the Federal Reserve prefers to use the PCE index, not the consumer price index, to best evaluate inflation. If the number comes in too hot, Cramer said any market gains may prove to be short-lived. But if the number is cool, it could give most stocks a lift. He warned that even if the market is oversold next week, the PCE index report on Friday will be where the rubber truly meets the road. On Monday, Verizon will report its quarterly results before the market opens, and two steel companies, Nucor and Cleveland Cliffs , will report after the close. Cramer said the latter companies could be strong, noting that Nucor in particular has performed well during the aggressive rate tightening. Companies like GM GE Aerospace and Spotify report on Tuesday, but Cramer said Tesla is the one to watch that day. He sai
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