economy
Jim Cramer says next week's economic data will drive the markets
CNBC’s Jim Cramer said next week’s lighter earnings calendar will put the focus on key economic data.
TL;DR
- Light earnings calendar next week will focus investor attention on key reports and economic data.
- Monday: Watch oil prices as Strait of Hormuz exports increase; potential for lower prices if Iran negotiations progress.
- Tuesday: Carnival reports on travel impacts from the Iran war and fuel prices; FedEx reports, with potential buying opportunity on weakness; KB Home addresses interest rate impacts on housing.
- Wednesday: New-home sales data will provide insight into the struggling housing market; Micron Technology reports, with high expectations.
- Thursday: Personal consumption expenditures price index (Fed's preferred inflation gauge) is released; Darden Restaurants reports, with falling gas prices as a tailwind; FedEx Freight provides a business update.