CNBC's Jim Cramer mentioned Friday that buyers are anxious about how the coronavirus epidemic in China may impression U.S. companies and the market
CNBC’s Jim Cramer mentioned Friday that buyers are anxious about how the coronavirus epidemic in China may impression U.S. companies and the market is feeling the impression because the novel virus continues to unfold exterior that nation.
The Dow Jones Industrial plunged greater than 227 factors, or 0.78%, the S&P 500 declined 1.05% and the Nasdaq Composite plummeted virtually 1.80%.
“Crucial factor it’s good to find out about subsequent week is that the coronavirus will shade the whole lot,” the “Mad Money” host mentioned. “If the scenario stays as fluid … or if it stays dynamic, prepare for February to finish with a nasty whimper and a bear filled with bang.”
Cramer went on to current his recreation plan for the week forward:
Monday: HP, Palo Alto earnings
HP, which is being focused for a merger from Xerox, will report earnings from its first quarter of the 2020 fiscal 12 months after the closing bell. The pc and printer firm is estimated to report $14.6 billion in income and 54 cents of earnings per share.
“HP desires to stay impartial and a robust earnings report, and a concomitant rally, will assist them try this,” Cramer mentioned.
Palo Alto Networks additionally studies after the market closes. The cloud networking supplier is forecast by analysts to usher in $844 million in income and $1.12 in earnings per share.
“Final time this cyber-security kingpin delivered a terrific…