Cramer’s Upcoming Week: Non-Farm Payrolls, PMI and Earnings from Albertsons

cnbc jim cramer Investors were briefed on next week’s market activity on Friday, with new economic data from the non-farm payrolls report and the latest Purchasing Managers’ Index as well as earnings highlights from grocery giants. albertsons,

“It’s a light week, but still impressive,” he said, acknowledging that people will be excited ahead of Friday’s employment report. “Still, I think you should make some purchases if the market drops. As we saw today, it’s not as bad as many people think.”

Cramer said Monday’s PMI report will provide Wall Street with a solid look at the economy, but he added that “any bullishness could be undone by another hot number.” NVIDIA CEO Jensen Huang is also scheduled to speak Monday night to kick off the annual Consumer Electronics Show in Las Vegas. Tuesday brings a job openings report, known as the JOLTS, and Cramer said it could provide clues about Friday’s labor report.

Albertsons will report Wednesday, and Cramer said he wants to hear about food inflation and whether sales of snacks and junk food have declined as GLP-1 weight loss drugs become more prevalent. Cramer said he will also focus on earnings Jefferies Financial GroupWhich could benefit from new leaders at the Federal Trade Commission under President-elect Donald Trump, as the change will likely mean looser regulations and more deals the company can consult on. The minutes of the last meeting of the Federal Reserve will also be released on Wednesday.

The market will be closed on Thursday for the funeral of former President Jimmy Carter. While Cramer said there wasn’t much news of consequence that day, he would follow up on a report. ServiceTitanA software services company for traders that has recently made its debut in the market.

On Friday, the Labor Department will release the nonfarm payrolls report, and Cramer said it needs to show weak wage growth and disappointing hiring, as that could help bring down 10-year treasury yieldApart from this, reports of many notable companies are also included on Friday. Nakshatra Brand, Walgreens And deltaCramer said the beer and wine maker has seen a decline, perhaps due to new Counseling Concerns about alcohol as a carcinogen, as well as import duties on Mexican products such as Corona and Modelo. But Cramer said he is still optimistic about the stock, saying the company is growing and the beer may be exempt from the tariff hike. And while he said he’s feeling positive about Delta’s profits and its ability to maintain control, it’s hard to bet on the success of the deteriorating drugstore business.

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Disclaimer CNBC Investing Club Charitable Trust owns shares of Nvidia and Constellation brands.