All three major U.S. stock indexes ended this week higher, led by the Dow Jones Industrial Average. The blue-chip gauge rose 2.16% for him, extending his winning streak to eight sessions. In a week of relatively quiet economic trends, the Nasdaq Composite Index rose 1.14% and the S&P 500 Index rose 1.85%. All 11 sectors of the S&P 500 index closed higher, with utilities gaining 4.03%. Finance and Materials rose 3.07% and 2.58%, respectively, taking second place and he took third place. The S&P 500 is up more than 5% since his April 19th and is currently 0.6% below his March 28th all-time high. Earnings were the driving force on Wall Street this week. Within the portfolio, Disney and Wynn Resorts released quarterly numbers. We took issue with the public response to both reports. We received responses from 92% of S&P 500 companies this earnings season. Of the companies that have already reported, 78% realized positive revenue windfalls and 59% recorded positive revenue windfalls. As Jim Cramer noted during Friday’s Morning Meeting, we maintain an overall positive view of the market, especially given the broad-based nature of the recent rally. At the same time, we are not losing sight of the fact that the S&P Short Range Oscillator is in overbought territory. This suggests that a short-term decline may be on the horizon, so you should tread carefully. There will also be increased attention surrounding major economic announcements, including next week’s consumer inflation report. The S&P oscillator entered Friday trading at 6.6%, firmly above the overbought threshold of 4%. This helps explain why Procter & Gamble cut its position on Friday and ended the week at a record $166.85 per share. The oscillator, Jim’s longtime go-to momentum indicator, closed at 5.84% on Friday. Earnings season continues next week, with Walmart topping the list on Thursday and inflation statistics likely to dominate the economic calendar. Economy: This week’s big economic announcement is Wednesday’s Consumer Price Index report for April. According to Dow Jones estimates, Wall Street expects the CPI report to increase 3.4% year over year at the aggregate level, excluding the volatile food and energy categories, and 3.6% at the core level. Composite CPI rose 3.5% annually in March, while core CPI rose 3.8%. Markets are very focused on inflation, perhaps even more so than they have been recently. That’s because inflation has been found to be well above the Federal Reserve’s 2% target, even as the economy shows signs of slowing. As a result, we expect inflation to drop another notch in order for the Fed to have data to support a rate cut before U.S. economic growth slows further. As of Friday, markets were pricing in a roughly 35% chance of one rate cut and a 35% chance of two rate cuts by the end of the year, according to CME’s FedWatch tool. At the beginning of the year, the market had priced in about six rate cuts. The day before the CPI, the April Producer Price Index, which measures the level of wholesale inflation, is released. Core CPI is given more weight on Wall Street because it is equivalent to the Fed’s recommended inflation measure known as the Core PCE Price Index. However, PPI remains of interest to investors as it provides insight into the input costs that will be factored into future company pricing. We want it to be lower than expected as well. Economists polled by Dow Jones expect a 0.3% month-on-month increase in headline prices, up from 0.2% in March, and a 0.2% core increase, matching March’s rise. Other notable reports outside of inflation include the April retail sales report released on Wednesday. April homes will break ground on Thursday. Industrial production and capacity utilization rates for April will be released on Thursday. Retail sales will be diagnostic of consumer health during the first month of the second quarter, including which spending categories are resilient and which are under pressure. . Housing starts data will shed light on a market that is in between troubles. On the other hand, increasing affordability requires increasing the supply of single-family housing. However, given the current affordability issues caused by high interest rates and the impact of the economic slowdown on consumer sentiment, builders will be less enthusiastic about building new homes. Thursday’s industrial production and capacity utilization data will provide insight into the current state of manufacturing. Although less direct, it also provides clues about consumer and business demand. The more end market demand there is, the more production and utilization we should see higher up the supply chain. Earnings: No Club’s holdings will be reported next week, but we’ll be hearing from several companies that can provide valuable insight into the state of the economy and consumers. Home Depot is scheduled to report on Tuesday. We will listen to management’s comments on the U.S. housing market amid a “prolonged period of rising interest rates.” The home improvement retailer may also provide further information to the club that owns Stanley Black & Decker. During earnings calls, Home Depot executives have been known to talk about the performance of Stanley Black & Decker’s do-it-yourself customers, a key group, and also mention some of its tool brands, such as DeWalt. . Walmart’s first quarter 2025 financial results are scheduled to be released on Thursday morning. When a company of Wal-Mart’s size and product diversity reports, investors should listen. We look at where consumers are concentrating their purchasing power (referred to in retail as the “basket mix”) and whether shoppers are trading up to cheaper alternatives in light of persistent inflation and economic slowdown. I would like to know whether management is observing this. Monday, May 13th Before the Bell: Legend Biotech Corporation (LEGN), Tencent Music Entertainment Group (TME), Bitfarms (BITF), HUYA (HUYA), Central Puerto SA (CEPU), Dingdong (Cayman) Limited (DDL)Bell: StoneCo (STNE), TeraWulf Inc (WULF), Paysafe Group Holdings Limited (PSFE), QuickLogic Corporation (QUIK), Kopin Corp. (KOPN), Gold Royalty Corp. (GROY), Agilysys Inc (AGYS), Bioceres Crop Solutions Corp (BIOX), Inovio Biomedical Corp. (INO), Vaxart (VXRT), Intercorp Financial Services (IFS), Lithium Americas (Argentina) Corp. (LAAC), Augmedix (AUGX) Tuesday, May 14, Before the Bell: Alibaba Groupă»Holding (BABA), Home Depot (HD), Sea Limited (SE), Ocugen (OCGN), Sony Group Corporation (SONY), Intuitive Machines (LUNR), MINISO Group Holding Limited (MNSO), OrganiGram (OGI), Centerra Gold (CGAU), HudBay Minerals (HBM), Autolus Therapeutics plc (AUTL), International Game Technology (IGT), Jack in the Box (JACK) Afterbell: Nu Holdings ( NU), Nextracker (NXT), Ontrak (OTRK) ), Dragonfly Energy Holdings Corp. (DFLI), Bakkt Holdings Inc (BKKT), DHT Holdings (DHT), Arcutis Biotherapeutics (ARQT), Canoo (GOEV), Prestige Consumer Healthcare (PBH), Rumble (RUM), SilverCrest Metals (SILV) Wednesday, May 15, before the bell: monday.com (MNDY), Dynatrace, Inc. (DT), Hut 8 Mining Corp. (HUT), Acurx Pharmaceuticals (ACXP ), Cresco Labs (CRLBF), Dole plc (DOLE), Arcos Dorados Holdings (ARCO) After Bell: Cisco Systems (CSCO), Grab Holdings Limited (GRAB), Copa Holdings SA (CPA), Maxeon Solar Technologies, Ltd (MAXN ), Iris Energy Limited (IREN), KORE Group Holdings (KORE), Bit Digital (BTBT), Super League (SLE), Spero Therapeutics (SPRO), ZTO Express (ZTO) Thursday, May 16th at 8:30am ( Eastern Time): First unemployment claims before the bell: Walmart (WMT), Baidu (BIDU), JD.com (JD), Deere & Company (DE), NICE (NICE), Lightspeed Commerce (LSPD), Global Ship Lease (GSL), Under Armor (UAA), Canada Goose Holdings (GOOS), iQIYI (IQ), Advanced Drainage Systems (WMS), Consolidated Water Co. (CWCO), Outlook Therapeutics (OTLK). After: Applied Materials (AMAT), Take-Two Interactive Software (TTWO), Doximity (DOCS), Adecoagro (AGRO), Despegar.com, Corp. (DESP), DXC Technology Company (DXC), Fflowers Foods (FLO) ) Friday, May 17, Before the Bell: RBC Bearings Incorporated (RBC), Bruker Corporation (BRKR), H World Group Limited (HTHT) (Jim Cramer’s Charitable Trust is Long PG, SWK, DIS, WYNN. Complete List (See here) ) Subscribers to Jim Cramer’s CNBC Investment Club receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in a charitable trust’s portfolio. If Jim talks about a stock on his CNBC TV, he will wait 72 hours before executing the trade after issuing a trade alert. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
People shop at a Whole Foods grocery store in the Manhattan borough of New York City on March 10, 2022.
Carlo Allegri | Reuters
All three major US stock indexes closed this week higher. Dow Jones Industrial Average. The blue-chip gauge rose 2.16% for him, extending his winning streak to eight sessions.
