Cramer Flags Micron and PCE as Light Earnings Week Shifts Focus to Key Data
Updated
Updated · CNBC · Jun 18
Cramer Flags Micron and PCE as Light Earnings Week Shifts Focus to Key Data
2 articles · Updated · CNBC · Jun 18
Summary
Micron’s results and Thursday’s PCE inflation report are the week’s biggest market catalysts, Jim Cramer said, with a thin earnings slate leaving investors more exposed to a few key releases.
Nearly 2% gains in the Nasdaq and about 1% in the S&P 500 on Thursday — led by semiconductor stocks — reinforced how much AI-linked names, especially Micron, are carrying sentiment.
Oil is another swing factor: Cramer said rising Strait of Hormuz exports and the end of a U.S. Navy blockade could drive sharply lower crude prices if Iran peace talks keep advancing, easing inflation and rate pressure.
Carnival, FedEx, KB Home and Darden could test that macro view through travel demand, freight trends, housing weakness and consumer spending, with Cramer calling housing 'dead in the water' under high rates.
The setup leaves investors watching whether softer energy prices and inflation data can offset the Fed’s signal that another rate hike still remains possible.