Sunday, July 25, 2021
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‘The sell-off probably isn’t done’


CNBC’s Jim Cramer on Friday looked ahead to next week’s key market events, which include public remarks from multiple Federal Reserve officials and earnings reports from Nike and FedEx.

The “Mad Money” host’s lookahead came after another down day for Wall Street, with the Dow Jones Industrial Average dropping 533 points Friday to finish up its worst week since October.

“The Fed is in warning mode, and warning mode … can be brutal,” Cramer said, adding that history also shows late June is a tough time for stocks in general. “The bad news is that the sell-off probably isn’t done,” he said.

Revenue and earnings-per-share projections are based on FactSet estimates:

Monday: Bullard speaks

Tuesday: Powell speaks

Wednesday: Winnebago, KB Home earnings

Thursday: Accenture, Nike and FedEx earnings

Friday: Paychex, CarMax earnings



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