Welcome to Extreme Investor Network, where we provide the latest insights and information on all things money. Today, we’ll take a look at CNBC’s Jim Cramer’s analysis of what to expect next week on Wall Street.
Cramer highlighted several key events to watch out for, including the launch of the new iPhone 16 from Apple, earnings from enterprise software company Oracle, and a consumer price index reading. He also shared his thoughts on the market in September, noting that it tends to be a rough time for investors.
According to Cramer, the new iPhone 16 release on Monday and positive earnings from Oracle could help boost the tech sector. However, he also mentioned the Department of Justice’s antitrust trial against Alphabet starting that day, which could impact the market.
On Tuesday, GameStop will report its earnings, and Cramer emphasized the importance of a strong business plan for the company to succeed. He also noted a debate between Vice President Kamala Harris and former President Donald Trump, but doesn’t expect any market-moving news from the event.
Wednesday brings the release of August’s consumer price index, a key metric for inflation. Cramer believes that as long as inflation remains consistent or decreases, the Federal Reserve has room to cut rates and prevent a recession.
Thursday will see earnings from Signet Jewelers, Kroger, and Adobe. Cramer expressed optimism about Adobe despite recent tech industry concerns, noting that analysts are bullish on the company.
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