Tight March labor report might lead Fed to a 50- basis point rate walking

Tight March labor report could lead Fed to a 50-basis point rate hike

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CNBC’s Jim Cramer on Friday cautioned that a 50- basis point rate walking might be coming if the March labor report set to be launched next Friday exposes a tighter-than-ever task market.

“I fear that it will show the tightest labor market in 50 years. … If Fed Chief Jay Powell doesn’t catch a break when it comes to inflation, then it’s 50-basis point rate hikes for as far as the eye can see,” the “Mad Money” host stated.

“Even if we get lots of inflationary data next week, I think it’s already being reflected in the stock market, as we’ve come to accept the fact that the Federal Reserve is on a mission to” tamp down inflation, he included.

Cramer’s remarks followed traders released forecasts for half-point rate walkings in May and June in reaction to Federal Reserve Chair Jerome Powell’s promise on Monday to act strongly versus increasing inflation.

The Dow Jones Industrial Average acquired 0.4% on Friday, while the S&P increased 0.5%. The Nasdaq Composite inched lower 0.2%. All 3 significant averages increased for a 2nd successive week.

Market rallies today were driven by financiers who are confident that Russia will stop its intrusion of Ukraine and “terrified that they won’t own enough stock in the unlikely event that peace breaks out over the weekend,” Cramer stated.

He likewise previewed next week’s slate of business reporting quarterly incomes. All incomes and earnings quotes are thanks to FactSet.

Monday: Dave & &Buster’s

Dave &Buster’s

  • Q42021 incomes release after the close; teleconference onTuesday at 8:30 a.m. ET
  • Projected EPS:61 cents
  • Projected earnings:$364 million

“They’re both restaurant stocks and retailers, and two have become pariahs in this market. … Let’s hear what they have to say,”Cramer stated.

Tuesday: McCormick,Micron,Lululemon, PVH, RH(********** )


  • Q12022 incomes release at 6:30 a.m. ET; teleconference at 8 a.m. ET
  • Projected EPS:62 cents
  • Projected earnings:$ 1.47 billion

(******* )Cramer stated he anticipates the business to report varieties due to the appeal of hybrid work that keeps individuals cooking in your home.


  • Q2 2022 incomes release after the close; teleconference at 4:30 p.m. ET
  • Projected EPS:$ 1.98
  • Projected earnings:$ 7.53 billion

Micron might inform”a story about demand coupled with not enough new supply to upset the Apple cart of pricing,”Cramer stated, including that he thinks the stock is a buy for financiers thinking about domestic semiconductor stocks.


  • Q4 2021 incomes release at 4: 05 p.m. ET; teleconference at 4:30 p.m. ET
  • Projected EPS:$ 3.27
  • Projected earnings:$ 2.14 billion

“Maybe they can stem the selling with this conference call,” Cramer stated.(****************************** )(******** )


  • Q42021 incomes release after the close; teleconference onWednesday at 9 a.m. ET
  • Projected EPS:$ 2.00
  • Projected earnings:$ 2.38 billion

Cramer stated he does not anticipate a huge quarter from PVH, noting its”clobbered” stock.(******** )


  • Q42021 incomes release after the close; teleconference at 5 p.m. ET
  • Projected EPS:$ 5.59
  • (************************************************************************** )earnings:$931 million

RH will squash the numbers yet once again this quarter,Cramer forecasted.

Wednesday:Paychex, FiveBelow

(****************************************************************************** )

  • Q32022 incomes release prior to the bell; teleconference at 9:30 a.m. ET
  • Projected EPS:$ 1.05
  • Projected earnings:$ 1.22 billion

“This company has a history of delivering beat and raise quarters. With this red-hot employment market, I doubt they could be a disappointment,”Cramer stated.


  • Q42021 incomes release at 7 a.m. ET
  • InvestorDay at 9 a.m. ET
  • Projected EPS: $2.48
  • Projected earnings:$ 1.01 billion

“Lots of analysts have been praising this one lately. I suspect that means they’re going to have good numbers because Wall Street hasn’t been too enthusiastic about retail in general,” Cramer stated.

Thursday:WalgreensBoots Alliance


  • Q2 2022 incomes release at 7 a.m. ET; teleconference at 8: 30 a.m. ET
  • Projected EPS: $1.37
  • Projected earnings: $3318 billion

Cramer stated he wants to see Walgreens reaching rival CVS. “What’s Walgreens going to do to challenge them? I don’t know, let’s find out.” He stated.