The S&P 500 climbed 0.19% to 4,247.44, a record close.
“Some would say it’s the calm before the storm … I learned a long time ago that you never run a dull market,” said the host of “Mad Money”. “It’s good news that we are rocked by record highs and that the market continues to ignore the negatives, including yesterday’s scorching inflation numbers. “
Elsewhere, the Dow Jones Industrial Index rose 0.04% to 34,479.60. The Nasdaq Composite rose 0.35% to 14,069.42.
Over the coming week, Wall Street will turn its attention to the Producer Price Index data on Tuesday and a reading from the Federal Reserve meeting on Wednesday. The producer price index, which measures how much companies pay producers for goods, could also be hot, Cramer said.
Either way, investors could find opportunities in the market, he said.
“I want you to find relatively cheap stocks of good companies, and then you can buy them cheaply because of this real Wall Street gibberish that unfairly drives some stocks down,” he said. “Whether it’s names of value or growth doesn’t make any difference to me or to Cramerica. “
Cramer gave viewers a glimpse of upcoming corporate earnings reports he circled on his timeline. The revenue and earnings per share projections are based on FactSet estimates:
Mardi : Oracle
- Publication of Q4 2021 results: after market close; conference call: 5:00 p.m.
- Projected EPS: $ 1.31
- Forecast revenue: $ 11.02 billion
“This boring, old-fashioned enterprise software company has seen its shares increase 28% since the start of the year, thanks to a remarkable acceleration in its core businesses,” Cramer said. “I bet he’s bringing in a good quarter. “
- Publication of Q2 2021 results: after market close; conference call: Thursday, 10:30 a.m.
- Projected EPS: $ 2.37
- Expected revenue: $ 6.10 billion
“Stuart Miller, the former CEO and current executive chairman, enjoys giving you the state of the state on housing during this conference call,” he said. “We know there has been huge inflation in the raw materials going into a house, although the lumber has gone down. But the final cost barely goes up and that’s thanks to the ingenuity of these excellent builders. “
Thursday: Kroger, Jabil, Adobe
- Publication of results for the 1st quarter of 2021: before market; conference call: 10:00 a.m.
- Projected EPS: 98 cents
- Expected revenue: $ 39.56 billion
“Kroger’s stock has become a peerless player, and that’s because it’s one of the biggest beneficiaries of inflation,” Cramer said. “In fact, I expect a formidable number of Krogers, not many people think so. “
- Publication of third quarter 2021 results: before market; conference call: 8:30 a.m.
- Projected EPS: $ 1.04
- Forecast revenue: $ 6.95 billion
“Jabil does a lot of business with Apple, and Wall Street loves playing silly guessing games trying to extrapolate Jabil’s results to Apple’s,” he said. “I wish they would just focus on Jabil himself, which has been incredible action, up 36% for the year. Another unrecognized stock from an unrecognized company in an unrecognized bull market. “
- Publication of Q2 2021 results: after market close; conference call: 5:00 p.m.
- Projected EPS: $ 2.81
- Expected revenue: $ 3.73 billion
“Lately [this] the stock has been curvy and it’s usually the best time to buy it, ”the host said.