Jim Cramer predicts a tough September for the market, highlighting new economic data and Apple's iPhone 17 unveiling. Key events include Casey's General Stores quarterly report, Oracle and AeroVironment earnings, Labor Department inflation metrics, Kroger and Adobe earnings, and potential tariff news. Cramer is optimistic about Casey's, Oracle, and Kroger, but cautious about GameStop and Adobe.
Jim Cramer, the well-known host of CNBC’s Mad Money, has predicted a challenging September for the market, with several key events and economic data releases poised to influence investor sentiment. Cramer highlighted new economic data, Apple's iPhone 17 unveiling, and the earnings reports of several major companies. Among these, he expressed optimism about Casey's General Stores, Oracle, and Kroger, but remained cautious about GameStop and Adobe.
Key Events:
1. Casey's General Stores Quarterly Report: Casey's is expected to release its quarterly earnings report, which could provide insights into the company's performance in the retail sector. Cramer is optimistic about Casey's, believing the company has a strong position in the market.
2. Oracle and Adobe Earnings: Both Oracle and Adobe are scheduled to release their earnings reports, with Oracle focusing on cloud infrastructure and enterprise AI, and Adobe prioritizing AI-enhanced creative tools. Cramer is optimistic about Oracle but cautious about Adobe.
3. AeroVironment Earnings: AeroVironment, a company specializing in unmanned aircraft systems, is also set to report its earnings. Cramer did not provide specific views on this company.
4. Labor Department Inflation Metrics: The Labor Department's inflation metrics are expected to provide valuable insights into the economic health of the country. Cramer did not comment on the potential impact of these metrics.
5. Kroger Earnings: Kroger, a major grocery chain, is scheduled to release its earnings report. Cramer is optimistic about Kroger, believing the company is well-positioned to benefit from current market conditions.
6. Apple's iPhone 17 Unveiling: Apple is set to unveil its iPhone 17 lineup at an event on September 9. Analysts expect the new models to be pricier than their predecessors, with some models costing $50 to $100 more. Cramer did not comment on the potential impact of this event on the market.
7. Potential Tariff News: Cramer mentioned the possibility of tariff news affecting the market. He did not provide specific details on what to expect.
Cramer's Views:
- Optimistic: Cramer is optimistic about Casey's General Stores, Oracle, and Kroger. He believes these companies are well-positioned to perform well in the coming months.
- Cautious: Cramer is cautious about GameStop and Adobe. He did not provide specific reasons for his caution but noted the potential risks associated with these companies.
Conclusion:
Jim Cramer's predictions highlight the importance of upcoming economic data releases and earnings reports in shaping market sentiment. Investors should closely monitor these events and consider the potential implications for their portfolios. As always, it is crucial to conduct thorough research and make informed investment decisions based on individual financial goals and risk tolerance.
References:
[1] https://finbold.com/jim-cramer-on-palantir-stock-you-have-to-be-kidding-me/
[2] https://www.businessinsider.com/apple-iphone-17-price-increase-models-pro-air-analysts-2025-9
[3] https://www.barchart.com/story/news/34630488/apple-s-big-event-on-september-9-could-be-a-game-changer-for-aapl-stock
[4] https://www.ainvest.com/news/oracle-adobe-q3-earnings-showdown-strategic-positioning-ai-era-2509/
Comments
No comments yet