Here are 3 reasons we are not going to buy stocks in Friday's nosediving market

Every weekday, the CNBC with Jim Cramer releases the stretch — an actionable afternoon , time for the last hour of trading on Wall Street

After closing at a record high on Monday, the index was set to finish the week on a four-session losing streak

While some of these lower stock prices were tempting, we are not going to make any buys on Friday for three reasons

First, the monthly jobs report plays a significant role in our outlook and worldview, and the weakness over the past three months — especially after the downward revisions — is a concerning signal

Second, the impact of the tariffs is still un

We would to see some of that froth leave the market

So, heading into the weekend, we're watching the market closely with our big cash position, waiting to pounce if even more attractive prices emerge next week

Earnings season : As our CNBC colleague Robert Hum points out, 81% of S & P 500 companies that have reported quarterly results so far beat earnings estimates

For context, Hum said we usually see a beat rate somewhere in the mid to high 70% range

On the revenue side, 79% of companies reported beats, representing the highest levels since the second quarter of 2021

Six companies in the portfolio are on the schedule: Coterra Energy , DuPont , Eaton , Disney , Eli Lilly , and Texas Roadhouse

On the data side, expect the major economic reports to face a greater level of scrutiny ing Friday's soft jobs report and ugly downward revisions

Some releases to be on the lookout for next week are factory orders, capital goods orders, the ISM services index, and weekly jobless claims. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a r to the CNBC with Jim Cramer, you will receive a trade alert before Jim makes a trade

Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio

If Jim has talked a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade

THE ABOVE INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER

NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION VIDED IN CONNECTION WITH THE

NO SPECIFIC OUTCOME OR FIT IS GUARANTEED.