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CNBC’s Jim Cramer alerted investors on Friday that next week will be a consequential one for Wall Street, pointing to a heavy load of quarterly earnings and a Federal Reserve meeting.
“Make no mistake, next week matters,” Cramer said. He later added, “The bottom line? Mag Sevens. Momentum pays. Red-hot industrials, and a Fed meeting. All in front of you. Keep your head up, [there’s] much more to come.”
Monday brings earnings from steel manufacturer Nucor
, which Cramer described as the “best steel company in the world.” Despite Nucor sharing a lackluster mid-quarter update in December, the stock has nevertheless rallied since then, in part because investors hope rate cuts will help spur economic growth. If Nucor gets hit following the release Monday, Cramer said investors should consider buying into the weakness.
