watch now2:2202:22The market's once narrow rally has become amazingly broad, says Jim CramerMad Money with Jim CramerCNBC's Jim Cramer on Friday walked investors through next week on Wall Street, telling them to pay attention to new economic data and earnings from Micron and Costco.
He also suggested many sectors will continue to rally, even as some investors may be skeptical of recent gains."One of these days, we will have a top — a genuine peak — but the things that are supposed to signal a top simply haven't done their job," Cramer said.
"That's why so many people truly dis this market, even though it keeps going higher."On Monday, Cramer suggested Wall Street will learn more President Donald Trump's Friday meeting with Chinese leader Xi Jinping.
The White House told CNBC the two had made gress towards a deal regarding TikTok, although no agreement was made yet.
Cramer said he thinks more details from Trump and Jinping's discussion will move stocks.Tuesday brings earnings from AutoZone and Micron.
He expressed optimism the car parts' dealer's , saying many Americans drive used cars and perform their own maintenance.
Cramer said Micron is one of his favorite companies, but it has a "sink or swim ." He said the chipmaker's stock has a had a huge run, and he would wait for a pullback before buying.New sales data will be released on Wednesday, and Cramer said he's hoping to see more transactions.
While the pool of older s is growing, he suggested sales won't increase until mortgage rates decline.
Uniform maker Cintas and builder KB will report Wednesday, and Cramer said the former could der an "upside surprise." But he said KB might mirror peer Lennar, which saw s drop after it posted an earnings miss on Friday.Jabil and Costco are set to post earnings on Thursday.
Cramer was positive on Jabil, saying there's a lot of demand for the electronics manufacturer's ducts.
While he said he's in favor of holding Costco, he indicated the quarterly results might not move the stock.On Friday, the Labor Department will report the personal consumption expenditures price index, which is a key inflation metric for the Federal Reserve.
Cramer said ideally, the data would show that tariff-related inflation is "one-off in nature."watch now10:5910:59Micron had a big run, it needs to cool before I recommend, says Jim CramerMad Money with Jim CramerJim Cramer's Guide to Click here to download Jim Cramer's Guide to at no cost to help you build long-term wealth and invest smarter.
now for the CNBC to Jim Cramer's every move in the market.Disclaimer The CNBC Charitable Trust owns s of Costco.Questions for Cramer?
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