Cramer’s week ahead: FedEx’s warning shows the Fed is further along in fighting inflation than expected

CNBC's Jim Cramer connected Friday said that FedEx's informing of worsening economical conditions suggests the Federal Reserve is doing amended successful its ostentation effort than expected — meaning the cardinal slope could instrumentality a measurement backmost aft its gathering adjacent week.

"If Fed main Jay Powell watched our interrogation past nighttime … helium mightiness observe that he's made much advancement whipping ostentation than helium mightiness realize," Cramer said.

"Maybe Powell volition deed america with different 75 ground constituent hike close present and past accidental possibly it's clip to instrumentality a much measured attack successful bid to measure however things are going," helium added.

The "Mad Money" host's comments came aft FedEx, a bellwether institution for the authorities of the economy, warned connected Thursday of a diminution successful planetary shipments and an impending satellite recession.

Stocks closed down connected Friday arsenic Wall Street digested the news, with the large averages signaling their 4th losing week successful the past 5 weeks.

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

Monday: AutoZone

• Q4 2022 net merchandise astatine 6:55 a.m. ET; league telephone astatine 10 a.m. ET
• Projected EPS: $38.5
• Projected revenue: $5.16 billion

Cramer said he's funny successful knowing if institution officials spot an extremity to the car shortage.

Tuesday: Nvidia

• GTC Financial Analyst Q&A astatine 1 p.m. ET

Cramer said he's sticking with Nvidia contempt the stock's caller tumbles. "That's however Nvidia behaves — you get terrifyingly swift moves down followed by agelong rallies."

Wednesday: General Mills, Salesforce, Lennar, KB Homes

General Mills

• Q1 2023 net merchandise astatine 7 a.m. ET; league telephone astatine 9 a.m. ET
• Projected EPS: $1
• Projected revenue: $4.72 billion

The institution volition apt beryllium a victor due to the fact that it's a best-of-breed nutrient banal successful an uncertain economical environment, Cramer predicted.

Salesforce

• Investor Day astatine 4 p.m. ET 

Cramer said that portion helium doesn't expect to perceive thing that could motivate him to bargain the stock, he's inactive bullish agelong term.

Lennar

• Q3 2022 net merchandise astatine 4:30 p.m. ET; league telephone connected Thursday astatine 11 a.m. ET
• Projected EPS: $4.86
• Projected revenue: $8.97 billion

KB Home

• Q3 2022 net merchandise betwixt 4:10 to 4:20 p.m. ET; league telephone astatine 5 p.m. ET
• Projected EPS: $2.66
• Projected revenue: $1.88 billion

Cramer said helium expects some Lennar and KB Home to beryllium brushed owed to soaring owe rates.

Thursday: Costco, FedEx, Qualcomm

Costco

• Q4 2022 net merchandise astatine 4:15 p.m. ET; league telephone astatine 5 p.m. ET
• Projected EPS: $4.17
• Projected revenue: $70.8 billion

Cramer said helium hopes the banal goes down truthful that the Investing Club tin bargain more.

FedEx

While the institution could uncover much accusation connected its latest quarter, its trajectory apt won't alteration since it already reported disappointing results successful its preliminary announcement, Cramer said.

Qualcomm

• Automotive Investor Day astatine 3 p.m. ET

Cramer said that the institution volition amusement disconnected the "new Qualcomm" during the event.

Disclaimer: Cramer's Charitable Trust owns shares of Costco, Salesforce, Nvidia and Qualcomm.