topstockalerts
Oct 31, 1:00 AM
Jim Cramer warned that Wall Street could face further volatility next week as concerns about AI spending, major earnings reports, the midterm elections and the U.S. jobs report weigh on sentiment.
Key events to watch:
Monday: Apple reports earnings, with its nearly 40x P/E valuation leaving little room for disappointment. Cramer also expects strong results from Palantir.
Tuesday: Midterm elections could affect data center construction amid growing political opposition. AMD reports, with Cramer expecting better results than Intel. Pfizer and Amgen also release earnings. Wednesday: CVS and McDonald's report, with attention on CVS's pharmacy benefit management business and McDonald's turnaround strategy.
Thursday: Kimberly-Clark reports. Cramer remains bullish following its planned Kenvue merger and sees potential buying opportunities on weakness.
Friday: The U.S. jobs report will provide further clues on employment, wage growth and inflation.
$AAPL $PLTR $AMD $SPX $IWM
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