Cramer: Banks and Chipmakers Face Big Earnings Tests — SkimNews
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- Cramer flagged Tuesday's bank earnings from Goldman Sachs, Wells Fargo, JPMorgan Chase, and Citigroup as potential rally catalysts, saying he remains bullish on Goldman and Wells Fargo but is cautious on JPMorgan, which he called "priced for near-perfect execution."
- Taiwan Semiconductor Manufacturing reports Thursday — which Cramer called potentially the biggest day for chip stocks, saying strong results could spark "a rally of immense proportions."
- ASML also reports this week, with Cramer instructing investors to be ready to buy Lam Research and Applied Materials if the chip equipment maker raises guidance and signals solid demand.
- Johnson & Johnson reports Tuesday, with Cramer noting the stock typically sells off despite strong results — calling the dip a buying opportunity given what he described as "18 potential blockbuster drugs in the pipeline."
- The Consumer Price Index (Wednesday) and Producer Price Index plus retail sales (Thursday) will provide fresh inflation and consumer spending readings.
- Charles Schwab reports and holds an analyst meeting Thursday, events Cramer said could shed light on the growing influence of individual investors in the market.
- Cramer warned that rising bond yields remain the biggest risk, saying a "plus 6% long bond" driven by Treasury supply and data-center demand is "coloring everything" in markets.
Why it matters: Six of the most-watched US banks report alongside the world's largest chipmaker (TSMC) and the premier chip-equipment bellwether (ASML), delivering simultaneous tests of the AI trade, bank profitability, and the inflation outlook. Cramer's own caveat that yields above 6% are "coloring everything" implies that even beats may not offset the rate backdrop currently pressuring stocks.
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