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Cramer: Embrace the Fed's Friendship, Eye Costco, KB Home Earnings

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Finance News

Fed Rate Cuts,Costco Earnings,KB Home

CNBC's Jim Cramer advises investors to seize the positive market momentum fueled by the Federal Reserve's rate cuts. He highlights upcoming earnings reports from Costco and KB Home as key events to watch this week, along with economic data that could shed light on the state of the housing market and small businesses.

CNBC's Jim Cramer said he's looking toward quarterly reports from Costco and KB Home, as well as new economic data that could inform the Federal Reserve's next decision about interest rates.

"The backdrop is now friendly. Don't treat it with hostility, please," he said. "When the Fed wants to be your friend, the best way to try to make money is by embracing the Fed's friendship."But regardless of the week's events, Cramer said the Fed's successful start to the easing cycle is leading the market in a positive direction.

Monday brings remarks from Atlanta Fed President Raphael Bostic and Chicago Fed President Austan Goolsbee, which Cramer said could provide more information about why the central bank cut rates by 50 basis points instead of a more modest 25.

 

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