Jim Cramer says next week’s market action will be ‘held hostage’ by events in Ukraine. Here’s your game plan.
Today’s amazing labor report was no match for the nightmare unfolding in Ukraine, Jim Cramer told his Mad Money viewers Friday. The news that Russian forces shelled an active nuclear power plant sent shockwaves through the market, and even robust job growth here at home couldn’t stem the decline.
Next week’s action will also be held hostage by events unfolding in Ukraine, Cramer admitted, which is why his game plan for Monday only included the analyst meeting at Kohls (KSS) – Get Kohl’s Corporation Report, an event he said could be positive for the company.
Over on Action Alerts PLUS, co-portfolio managers Bob Lang and Chris Versace are telling their investment club members that the longer the Ukraine crisis goes on, the greater the impact on the cost side of the equation given the sharp increases we’ve seen thus far in a variety of commodities from wheat and other ag ones to steel and oil to natural gas and others. Get in on the conversation and hear more of their investment ideas and trading strategies.
Next, on Tuesday we’ll hear from Dick’s Sporting Goods (DKS) – Get Dick’s Sporting Goods, Inc. Report, a stock Cramer said is “worth owning.” We’ll also hear from three stocks not worth owning, MongoDB (MDB) – Get MongoDB, Inc. Class A Report, Bumble (BMBL) – Get Bumble, Inc. Class A Report and Stitch Fix (SFIX) – Get Stitch Fix, Inc. Class A Report, all of which are high-growth with no earnings.
Wednesday brings earnings from Campbell Soup (CPB) – Get Campbell Soup Company Report, a good defensive stock, and CrowdStrike (CRWD) – Get CrowdStrike Holdings, Inc. Class A Report, a cybersecurity stock that’s in high demand as cyber attacks ramp up.
Then on Thursday, Wheels Up (UP) will be reporting their earnings and Cramer felt the stock was worth a listen. Ulta Beauty (ULTA) – Get Ulta Beauty Inc Report, DocuSign (DOCU) – Get DocuSign, Inc. Report, and Rivian (RIVN) – Get Rivian Automotive, Inc. Class A Report will also report, while eBay (EBAY) – Get eBay Inc. Report will hold an analyst day. Cramer was bullish on Ulta, a company he said “has it all.”
Finally, on Friday, AT&T (T) – Get AT&T Inc. Report will hold an investor meeting, but Cramer said he’s not touching the stock.
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