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Cramer's week ahead: Earnings from Tesla, Merck and Big Tech

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CNBC’s Jim Cramer said next week’s PCE index report will be the real gauge of inflation.

CNBC's Jim Cramer on Friday said next week's Personal Consumption Expenditures index report will be the real gauge of inflation.Alphabet

Cramer said the Federal Reserve prefers to use the PCE index, not the consumer price index, to best evaluate inflation. If the number comes in too hot, Cramer said any market gains may prove to be short-lived. But if the number is cool, it could give most stocks a lift. The fun doesn't stop there, as the embattled plane-maker Boeing reports results Wednesday morning, and the social media giant Meta will post earnings after the bell. Cramer said analysts largely agree that Meta will report rosy numbers, which means CEO Mark Zuckerberg, unlike Tesla CEO Elon Musk, will not have to pull a rabbit out of a hat.and the tech giants Microsoft and Alphabet will release earnings.

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