Business · CNBC Technology
Jim Cramer says the market powered through a tough earnings week but 'that doesn't mean we're out of the woods
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CNBC's Jim Cramer said the market powered through the toughest week of earnings "with flying colors," but warned that next week could be even more treacherous.
Key facts
- Berkshire Hathaway reports alongside its annual meeting, its first since Greg Abel took the CEO mantle from Warren Buffett
- CVS could also deliver a strong quarter, with Cramer crediting CEO David Joyner for turning around the business amid industry consolidation
- He also likes connectivity names Lumentum and Arista Networks, as well as semiconductor company Astera Labs
- After the close, Arm Holdings reports, and Cramer expects it could "be a stock that romps" given continued strength in CPUs and AI-related demand
Summary
"All the big techs did well … Everything connected with the data center went bonkers," the " Mad Money " host said. However, he cautioned against complacency. "That doesn't mean we are out of the woods yet," Cramer said, calling the week ahead "more eclectic, jam-packed on some days, and, frankly, more prone to disappointment. Berkshire Hathaway reports alongside its annual meeting, its first since Greg Abel took the CEO mantle from Warren Buffett.