Cramer’s week ahead: Don’t let the Fed’s meeting obscure investing opportunities

CNBC's Jim Cramer connected Friday advised investors to support their eyes peeled for chances to amended their portfolios adjacent week.

"These large macro numbers and important Fed meetings are a resistance – I know. They obscure the existent opportunities retired there. I privation you to support your eyes unfastened for ideas and not beryllium blinded by the [Federal Reserve] light," helium said.

Stocks tumbled to extremity the week down connected Friday, roiled by investors' worries astir a imaginable recession. Two cardinal economical events instrumentality spot adjacent week, including the merchandise of the November user terms scale study and the Federal Reserve's December meeting.

Wall Street expects the Fed to rise involvement rates by 50 ground points.

"We request to spot a cooler user terms index, with the Fed lone raising involvement rates by 50 ground points and past saying they'll instrumentality immoderate clip to measure the concern earlier they tighten again," Cramer said.

He besides previewed adjacent week's slate of earnings. All net and gross estimates are courtesy of FactSet.

Monday: Coupa Software, Oracle

Coupa Software

• Q3 2023 net merchandise astatine 4:03 p.m. ET; league telephone astatine 4:30 p.m. ET
• Projected EPS: 17 cents
• Projected revenue: $252 million

Cramer predicted that the banal volition autumn if the institution doesn't prioritize profitability implicit growth.

Oracle

• Q2 2023 net merchandise astatine 4 p.m. ET; league telephone astatine 5 p.m. ET
• Projected EPS: $1.17
• Projected revenue: $11.95 billion

"At 16 times earnings, I conscionable don't spot however overmuch determination is to lose," helium said.

Tuesday: Eli Lilly

• 2023 guidance telephone astatine 9 a.m. ET

Investors who don't already ain shares of Eli Lilly should hold to bargain until aft the call, Cramer advised.

Wednesday: Lennar

• Q4 2022 net merchandise astatine 4:30 p.m. ET; league telephone connected Thursday astatine 11 a.m. ET
• Projected EPS: $4.88
• Projected revenue: $9.98 billion

He predicted that the institution volition apt study a "terrific" quarter, which would beryllium atrocious quality for the Fed's conflict against inflation.

Thursday: Adobe

• Q4 2022 net merchandise astatine 4:05 p.m. ET; league telephone astatine 5 p.m. ET
• Projected EPS: $3.50
• Projected revenue: $4.53 billion

Cramer said that it's excessively soon to bargain shares of Adobe.

Friday: Darden Restaurants, Accenture

Darden Restaurants

• Q2 2023 net merchandise astatine 7 a.m. ET; league telephone astatine 8:30 a.m. ET
• Projected EPS: $1.43
• Projected revenue: $2.43 billion

The institution volition apt study a coagulated quarter, helium predicted.

Accenture

• Q1 2023 net merchandise astatine 6:45 a.m. ET; league telephone astatine 8 a.m. ET
• Projected EPS: $2.92
• Projected revenue: $15.58 billion

"If you think, arsenic I do, that companies volition chopped backmost connected digitization going guardant successful bid to effort to prevention money, you mightiness privation to debar Accenture," Cramer said.

Disclaimer: Cramer's Charitable Trust owns shares of Eli Lilly.