With companies sending mixed signals about the state of the economy and a White House in the midst of political turmoil, Jim Cramer knows it is hard to tell where you stand in this market.
“Which is why, going into the Federal Reserve’s June meeting, we’re going to have to start hanging on every word from the presidents and governors of that august body. Yep, you need to start paying attention to the Fed heads again,” the “Mad Money” host said.
With the Fed’s interest rate agenda in mind, here are the stocks and events on Cramer’s radar next week:
Monday: Fed speakers, Agilent, Xilinx
Fed: Minneapolis Fed President Neel Kashkari, a known dove, will speak to his vision of the economy. Cramer expects it to be cautious, but noted that the more hawkish Philadelphia Fed President Patrick Harker will also speak and is likely to express a more positive outlook.
“Will they cancel each other out?” Cramer wondered. “Who knows. All I can say for sure is their utterances will dominate the action next week now that the earnings season is indeed winding down.”
Agilent: This Cramer-fave life sciences and chemical machines company will report second quarter earnings, and the “Mad Money” host thinks that if the numbers are worse than expected, it could attract a corporate buyer.
Xilinx: An analyst meeting at this semiconductor and programmable logic devices manufacturer could signal that despite takeover rumors, the company is not looking for an acquirer.
Tuesday: Toll Brothers, Take-Two Interactive Software, Autozone
Toll Brothers: The upscale homebuilder will report earnings, and Cramer is watching to see if the company is still buying back stock.
“I don’t think people realize how powerful their urban business is,” he said. “My wife and I kicked the tires on some of their apartments in Brooklyn’s marvelous waterfront development, Pier House, and they have steadily risen in value.”
Take-Two: The video game maker behind the Grand Theft Auto franchise will also report earnings, and it’s no secret that Cramer loves how the rise of gaming correlates with the emerging stay-at-home economy.
Take-Two’s stock has rallied 38 percent this year, and Cramer expects the numbers to reflect its recent success.