CNBC’s Jim Cramer said Thursday that he would not be surprised if the March employment report is weak.
The host of “Crazy Money” said: “Yesterday, I suggested that the counter-trend rebound in technology may continue for a few more days before it subsides.” “So far, this prediction is still valid, but the number of jobs tomorrow is still low , I expect that the reopened stocks (such as banks and industrial companies) will return to fashion on Wall Street fashion shows.”
Although the market will be closed for Good Friday, the Department of Labor still plans to release recruitment data for March.
Kramer’s comments came after a day when the S&P 500 performed well. The S&P 500 index broke the 4,000 level for the first time in the trading day.
After the Labor Department released disappointing weekly unemployment filing figures in the morning, inventories successfully increased. The department reported that 719,000 workers applied for unemployment benefits for the first time last week, a number far higher than economists expected.
“Crazy money is back on Wall Street in Pizzaro, at least in terms of economics, bad news is good news,” said the host of “Crazy Money”.
Kramer said that investors who want stock prices to rise will want to see strong earnings reports in the previous quarter and more non-inflationary news, which will make the Fed reluctant to raise interest rates.
Kramer gave his game plan for the next week. The earnings per share forecast is based on FactSet’s estimates:
Tuesday: Paychex report
- Earnings release for the third quarter of 2021: before going public; conference call: 9:30 am
- Estimated earnings per share: 92 cents
- Estimated total revenue: $1.11 billion
Kramer said: “I hope that no matter what the company says, its stock price will fall. This has become a post-profit model.” “There are a lot of negative analysts who make mistakes all the time. They are likely to make mistakes, even if you perform Good, it can also give you a chance to buy Paychex, even though it performs poorly.”
Thursday: Constellation brand, Conagra brand and Levi Strauss report
- 2021 fourth quarter financial report release: before listing; conference call: 11:30 am
- Estimated earnings per share: $1.55
- Estimated total revenue: US$1.86 billion
Cramer said: “One day, Constellation was hit by negative research, which shows that this beer and liquor company is an excellent grower, and due to the weakness in Texas, it may bring a quarter of weakness.” “Superstorm.” The damage caused by Uri… may actually hurt their income. Texas is a big market for them.”
- Earnings release for the third quarter of 2021: 7:30 am; conference call: 9:30 am
- Estimated earnings per share: 58 cents
- Estimated total revenue: US$2.72 billion
“Like all other food companies, I do worry that Conagra may lower its forecast due to fear of reopening, but this is one of the best in a very poor group.”
- Earnings release for the first quarter of 2021: post-listing; conference call: 5 pm
- Estimated earnings per share: 24 cents
- Estimated total revenue: US$1.25 billion
“I just hope that Levi Strauss’ stock will not fluctuate too much before this quarter. We know that PVH’s earnings are very high, and then the stock was blown up after a pretty good number, so why can’t we see Levi’s How did it perform? Income.”