Cramer Says Don't Be Complacent Ahead of Fed Meeting: ‘I Do Not Trust a Benign Market Like This One.'
Cramer says the market may be due for a correction and advises caution going into next week.
CNBC's Jim Cramer warned investors to be cautious of the coming week, despite the fact that the market has been relatively calm amid rumors that the Federal Reserve meeting on Wednesday won't end with a rate increase.
Cramer stated, "It's no surprise that I don't trust a market as benign as this."
CNBC's Jim Cramer warned investors to be cautious about the week ahead on Friday, despite the fact that the market has been relatively calm due to expectations the Federal Reserve meeting will not conclude with a rate increase.
Cramer stated that it was no surprise to his regular viewers that he did not trust such a benign market. Cramer said that "too many things could surprise you, cause you to panic and, of course, make you sell." If you bought at these levels, you probably won't be confident if the stock market suddenly swoons.
Cramer will be on the lookout for software companies on Monday.
Oracle
The earnings report is expected to be released after the market close. He recommends buying some stock but waiting to see whether it drops after the earnings report. If it does, he suggests buying more.
Home Depot
Cramer believes that the meeting will be crucial because the company has entered its "Christmas Season" as a result of the gardening season in spring and summer.
"I'm sure we'll learn that more and more do-it yourselfers are buying items, that's an improvement, and fixing their own homes that they've been unable or unwilling to sell. Why?" Cramer asked. Cramer asked.
Cramer doesn't believe that Chair Jay Powell is completely hawkish. Florida-based homebuilder
Lennar
Cramer is expecting to hear Cramer talk about an "evil brew" inflation with higher costs for labor, housing and materials.
Investors will hear from supermarket chains on Thursday.
Kroger
The company is trying to merge into
Albertsons
Lina Khan, Chairperson of the Federal Trade Commission.
Cramer stated that investors will have a better understanding of consumer attitudes on Friday when the University of Michigan Consumer Sentiment Index is released.
Cramer warned, "Please do not be complacent like many people now that we have recovered all the way -- there are still many things that can go wrong in this market, more than I expected, and definitely more than we had when we were lower."
I'd be surprised if Wall Street was thrilled by the Fed meeting on next Wednesday. "I'd like to be proven wrong, but I don't want you to get too excited about the Fed meeting next Wednesday." he said.
Download the app by clicking here
Jim Cramer’s Guide to Investing
At no cost, we can help you invest wisely and build wealth over the long term.
Sign up Now
CNBC Investing Club follows Jim Cramer in the markets.
You can also find out more about us on our website.
What questions do you have for Cramer?
Call Cramer at 1-800-743 CNBC
You want to dive deep into Cramer’s world? Hit him up!
Mad Money Twitter
Jim Cramer Twitter
Do you have any questions, comments or suggestions about the website "Mad Money?" EMAIL