Micron Earnings & Inflation Data: Market Update
- Here's a breakdown of Jim cramer's stock market takes from the provided text:
- * Trump/Jinping Discussions: Cramer believes further details from their conversations could substantially impact stock movements.
- * AutoZone (AZO): optimistic - believes the company will do well due to the prevalence of used cars and DIY maintenance.
Here’s a breakdown of Jim cramer’s stock market takes from the provided text:
Key Market Movers:
* Trump/Jinping Discussions: Cramer believes further details from their conversations could substantially impact stock movements.
* Mortgage Rates: He believes home sales won’t improve until mortgage rates decline.
Specific Stock Commentary:
* AutoZone (AZO): optimistic – believes the company will do well due to the prevalence of used cars and DIY maintenance.
* Micron (MU): Favors the company long-term, but advises waiting for a stock pullback before buying, as it’s already had a large run-up.
* Tapes (CTAS): Potential for an “upside surprise” in earnings.
* KB Home (KBH): May follow the pattern of Lennar (LEN), which saw a stock drop after a recent earnings miss.
* Lennar (LEN): Recently had an earnings miss, causing the stock to fall.
* Jabil (JBL): Positive outlook.
* Costco: Earnings report expected Thursday, no specific commentary given.
Economic Data:
* New Home Sales: cramer hopes to see an increase in transactions when the data is released on Wednesday.