In the coming week, investors should pay attention to the quarterly earnings reports of several big-name companies, according to CNBC’s Jim Cramer. Although news about the Israel-Hamas war may overshadow earnings season, Cramer believes that if investors track the performance of these companies and there is a cessation of the conflict, the market will eventually embrace the strong performers. Cramer pointed out that reports from Charles Schwab, Bank of America, and Goldman Sachs are particularly noteworthy.
On Monday, Cramer will be closely watching Charles Schwab’s report. Despite concerns on Wall Street about the company’s balance sheet, Cramer believes that these fears are exaggerated. Tuesday, on the other hand, is considered a significant day as major companies like Bank of America, Goldman Sachs, Lockheed Martin, Johnson & Johnson, and United Airlines will be reporting their earnings. Wednesday will feature Morgan Stanley’s report, along with those of Procter & Gamble and Abbott Laboratories. Cramer believes that both Procter & Gamble and Abbott Laboratories have been negatively impacted by the anticipated effects of GLP-1 drugs on the market. Wednesday will also see the reports of Netflix and Tesla released after the market closes. Lastly, on Thursday, Cramer will be paying attention to KeyCorp and Union Pacific’s reports, which may serve as indicators of various economic activities. On Friday, he will focus on the reports of American Express and SLB (formerly known as Schlumberger), an oil service giant.
While the Israel-Hamas war may dominate the news, investors should not overlook the potential impact of the upcoming earnings reports. By monitoring the performance of these companies, investors can be prepared to embrace the winners once market sentiment improves. The reports from Charles Schwab, Bank of America, Goldman Sachs, and other major companies throughout the week will provide valuable insights into the state of various sectors and overall economic activity.
