Cramer’s week ahead: Strong labor report could lead Fed to more aggressive rate hikes

CNBC's Jim Cramer connected Monday told investors that a cardinal labour study could assistance thrust the Federal Reserve's ostentation strategy.

"We request to spot the unemployment complaint spell higher, portion wages stay unchangeable and we get meaningful layoffs successful immoderate industries. If that doesn't happen, if the numbers are genuinely strong, past the Fed heads volition travel retired of the woodwork and commencement talking astir however we request much tremendous complaint hikes," helium said.

Stocks slid connected Monday to commencement the week, weighed down by protests against Covid restrictions successful China that erupted implicit the weekend. 

The Labor Department is acceptable to merchandise the November nonfarm payrolls study connected Friday and could headdress disconnected what could beryllium a pugnacious week for the market, according to Cramer. "Seasonally, it tends to beryllium a small spot weaker, earlier things truly instrumentality disconnected again travel December," helium said.

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

Tuesday: Workday, CrowdStrike

Workday

• Q3 2023 net merchandise astatine 4 p.m. ET; league telephone astatine 4:30 p.m. ET
• Projected EPS: 84 cents
• Projected revenue: $1.59 billion

Cramer predicted it'll beryllium hard for the institution to apical its past "spectacular" quarter.

CrowdStrike

• Q3 2023 net merchandise astatine 4:05 p.m. ET; league telephone astatine 5 p.m. ET
• Projected EPS: 48 cents
• Projected revenue: $788 million

He said he's funny successful seeing if the institution tin alteration from a axenic maturation play to a profitable maturation name.

Wednesday: Hormel Foods, Petco, Salesforce, Okta

Hormel Foods

• Q4 2022 net merchandise astatine 6:30 a.m. ET; league telephone astatine 9 a.m. ET
• Projected EPS: 50 cents
• Projected revenue: $3.38 billion

Hormel mightiness travel different nutrient stocks that person stopped going down, Cramer said.

Petco

• Q3 2022 net merchandise astatine 7:30 a.m. ET; league telephone astatine 8:30 a.m. ET
• Projected EPS: 16 cents
• Projected revenue: $1.49 billion

He said he's disquieted the institution volition study disappointing results.

Salesforce

• Q3 2023 net merchandise astatine 4:05 p.m. ET; league telephone astatine 5 p.m. ET
• Projected EPS: $1.22
• Projected revenue: $7.83 billion

Cramer said helium doesn't expect co-CEO Marc Benioff to "tolerate" the information that the banal is 1 of the worst performers successful the Dow Jones Industrial Index.

Okta

• Q3 2023 net merchandise astatine 4:05 p.m. ET; league telephone astatine 5 p.m. ET
• Projected loss: nonaccomplishment of 8 cents per share
• Projected revenue: $591 million

"Like truthful galore companies successful Silicon Valley, I deliberation Okta's going to person to larn to unrecorded with little [workers]," helium said.

Thursday: Dollar General, Kroger, Ulta Beauty, Marvell Technology

Dollar General

• Q3 2022 net merchandise astatine 6:55 a.m. ET; league telephone astatine 10 a.m. ET
• Projected EPS: $2.54
• Projected revenue: $9.42 billion

Cramer pointed retired that portion analysts emotion the stock, products astatine the company's stores are much costly than they utilized to be.

Kroger

• Q3 2022 net merchandise astatine 8 a.m. ET; league telephone astatine 9 a.m. ET
• Projected EPS: 82 cents
• Projected revenue: $33.99 billion

While the institution volition apt present a bully quarter, radical volition lone attraction astir the presumption of the company's planned merger with Albertsons, helium said.

Ulta Beauty

• Q3 2022 net merchandise astatine 4 p.m. ET; league telephone astatine 4:30 p.m. ET
• Projected EPS: $4.13
• Projected revenue: $2.21 billion

Cramer said helium expects a immense net bushed from the company.

Marvell Technology

• Q3 2023 net merchandise astatine 4:05 p.m. ET; league telephone astatine 4:45 p.m. ET
• Projected EPS: 71 cents
• Projected revenue: $1.80 billion

While he's a believer successful the stock, it apt won't soar until the industry-wide spot glut becomes resolved, helium said.

Disclaimer: Cramer's Charitable Trust owns shares of Salesforce.