Cramer's Week Ahead: Earnings from Home Depot, Disney, and New CPI Data

As the markets prepare for a busy week ahead, renowned financial analyst Jim Cramer has highlighted several significant events and earnings reports that are expected to shape investor sentiment. These include the release of key data, such as consumer price index (CPI) figures, and the performance reports from major companies like Home Depot (HD) and The Walt Disney Company (DIS).
Home Depot's earnings report for the second quarter of fiscal 2024 is set to be a crucial indicator of consumer spending and the health of the housing market. The company reported a 3.3% decrease in comparable sales and a 3.6% decline in U.S. comparable sales. Despite this, adjusted operating income remained relatively stable at $6.6 billion, with an adjusted operating margin of 15.3%. The company's guidance for fiscal 2024 includes total sales growth of 2.5% to 3.5% and a comparable sales decline of 3% to 4%. Investors will closely watch Home Depot's earnings to gauge the resilience of consumer demand and the potential impact on other retailers.

The Walt Disney Company's earnings report for the third quarter of fiscal 2024 is expected to provide valuable insights into the entertainment and streaming sectors. The company's success in driving subscriber growth and profitability for its streaming businesses, particularly Disney+ and ESPN+, will be key highlights for investors. Disney's new full-year adjusted EPS growth target is now 30%, reflecting its balanced portfolio and strategic progress. Investors may view Disney's earnings as a positive indicator for the entertainment and streaming sectors, given its strong performance and growth prospects.

In addition to these earnings reports, investors will be closely watching the upcoming release of new CPI data. This key economic indicator will provide insights into inflation trends and potentially influence the Federal Reserve's monetary policy decisions. The markets will be eager to see if the CPI figures align with expectations or surprise to the upside or downside.

Cramer's insights offer valuable perspective as investors navigate the markets in the coming days. The earnings reports from Home Depot and Disney, along with the new CPI data, will likely shape market sentiment and provide opportunities for investors to capitalize on undervalued opportunities with strong growth potential and solid fundamentals. As always, investors should remain vigilant and conduct thorough research before making any investment decisions.