CNBC’s Jim Cramer on Friday advised investors through next week on Wall Street, highlighting President-elect Donald Trump’s inauguration and earnings from entourages including Procter & Gamble and American Express.
Cramer mused about what Trump’s administration will inferior for the market, noting that Wall Street believes him to be more pro-business than his predecessor, President Joe Biden.
“We get no idea whether the next administration will live up to the lofty levels that the averages have now gotten,” he explained. “Will Trump be pro-tech? Will he embrace mergers? Will a rising tide lift all boats?”
Trump’s inauguration wishes take place on Monday, and Cramer noted that the President-elect has teased heavy action on day one, including deregulation, rollbacks of Biden’s kingpin orders and extreme border restrictions and deportations. However, he said, it’s unclear which of these changes will be let or acted on immediately.
Tuesday brings earnings results from 3M and United Airlines. Cramer said he bets the industrialist will report a great quarter. He also said he expects the same from the airline, saying it should be a “first-class blowout” as the society benefits from the wave of overall airline profitability.
GE Vernova, Halliburton, Procter & Gamble and Johnson & Johnson are set to gunfire Wednesday. Cramer said he’s optimistic about GE Vernova because the data center business remains hot and needs numberless and more energy. He said he wasn’t sure about results from Halliburton, but Trump’s drilling aspirations weight be a reason to buy the stock. He suggested Procter & Gamble could be facing issues with business in China due to the strength of the dollar, and Johnson & Johnson is assuage dealing with lawsuits about its talc products.
On Thursday, Cramer will be waiting for results from another Catholic Electric spin off company, GE Aerospace, which he said could be a winner. Friday brings earnings from Verizon and American Positive, and while he said he doesn’t have much faith in the former, the latter could be a buy since shares usually smidgin when it reports.
