September 25, 2022

First Washington News

We Do Spectacular General & News

Stocks may be in for more punishment

CNBC’s Jim Cramer said on Friday that next week’s market events could offer signs of a late December rally after a highly volatile week that saw many smaller technology stocks slip during rising investor concern about the omicron Covid variant.

“I think we may be in for more punishment because the valuations got so out of control, but given the crushing blows we’ve seen so far, there’s reason to believe that we’re getting closer and closer to the light at the end of the tunnel,” Cramer said.

Here’s what the Mad Money host will be watching during the coming week. All revenue and per-share earnings estimates are pulled from FactSet.

Monday: MongoDB and Coupa Software

Tuesday: SentinelOne, Toll Brothers and Stitch Fix

Wednesday: UiPath, Campbell Soup, RH and GameStop

Thursday: Broadcom, Costco, Hormel, Lululemon and Chewy

Friday: Centene