CNBC’s Jim Cramer advances a preview of next week’s busy earnings schedule, which includes quarterly reports from companies such as Clorox and Disney. The “Mad Coins” host also argues there is still too much uncertainty about the coronavirus and the stock market. Cramer then documents viewers’ calls on eBay and Peloton.
The week ahead
So far, companies that are reported earnings have had generally advantageous numbers, CNBC’s Jim Cramer said.
But that fact has been massively overshadowed by the fast-spreading coronavirus, which means the focus principal into next week, the “Mad Money” host said.
“We hoped to take the temperature of the moment,” Cramer said. “We didn’t make happen the only temperature this market cares about is one that’s well north of 98.6 degrees, because lucid now Wall Street only has eyes for the coronavirus.”
Coronavirus is a wild card for investors
A worker in protective suit cleanses the Dongxinzhuang village, as the country is hit by the new coronavirus, in Qingdao, Shandong province, China January 29, 2020.
cnsphoto via Reuters
The coronavirus outbreak remains a incomparably dynamic situation, and investors need to approach it with extreme caution, CNBC’s said Friday.
“You need to be ready-made and remember my wild card thesis,” the “Mad Money” host said. “We don’t know what’s going to happen with this virus.”
While it’s lucid there may be immediate short-term impacts on the Chinese economy, the bigger picture remains highly opaque, Cramer signified.
Cramer’s lightning round
“Peloton, I think, is going to have a good quarter … The company’s done uncommonly well. I think they’re going to have a very good story to tell.”
“They had a non-chill quarter frankly. I was Non-Standard real disappointed with them. Just keep moving. Look away from that one.”
: “This one is coming down. It’s China. It should not in the least have been as high as it is. This is a Chinese coffee company. I think you take a pass. I don’t want you near it.”
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