'Better batten down the hatches and get ready for companies to adjust their numbers going into a new round of tariffs that … they're most likely unprepared for,' Jim Cramer says.
host has just three earnings reports circled on his calendar in the week ahead, along with two analyst meetings he will be tuned in to.
Trade officials are scheduled to resume talks later in the week, and the Chinese economy is one major focus of the host's game plan for the trading week of Oct. 7. "We don't know how much the Chinese fiddle with their own figures, but expect for them to be accurate directionally, at least — meaning they're a good way to detect some trends even if the absolute numbers [are] dubious," Cramer said. "I'm betting the Chinese PMI will be as bad as the Communist Party lets it be, which is probably not going to be so good."is slated to report earnings before the market opens.
plans to reveal quarterly results after the market closes. The jeans business has been a tough category as of late, Cramer said.Wednesday: Mortgage applications"These have been real standouts of late, and every time they've been good they move the whole housing sector up, led byThursday: Delta Air Lines, Hormel Foodswill present its third-quarter earnings before the opening bell. Analyst estimates are $2.27 earnings per share and $12.6 billion of revenue, an increase of 5.
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