CNBC's Jim Cramer on Friday walked investors through next week's market action, highlighting new economic data from the nonfarm payroll report and the latest purchasing managers' index, as well as earnings from grocery giant Albertsons. 'It's a light week, but still impactful. Accept that people will be on edge ahead of Friday's employment report,' he said.'Still, I think you should do some buying if the market gets hammered. As we saw today, it's not nearly as bad out there as so many think.
'on Friday walked investors through next week's market action, highlighting new economic data from the nonfarm payroll report and the latest purchasing managers' index, as well as earnings from grocery giant Albertsons. 'It's a light week, but still impactful, accept that people will be on edge ahead of Friday's employment report,' he said.'Still, I think you should do some buying if the market gets hammered. As we saw today, it's not nearly as bad out there as so many think.' Monday's PMI report will provide Wall Street with a solid look at the economy, Cramer said, but added that'any bull might be perturbed by still one more hot number.'CEO Jensen Huang is also set to speak Monday night to kick off the annual Consumer Electronics Show in Las Vegas. Tuesday brings a job openings report, known as the JOLTS, and Cramer said it could provide clues about Friday's labor report. Albertsons will report Wednesday, and Cramer said he wants to hear about food inflation and whether there's been a decline in sales of snacks and junk food as GLP-1 weight loss drugs become more prevalent. Cramer said he'll also be paying attention to earnings from, which could stand to benefit from new leaders at the Federal Trade Commission under President-elect Donald Trump, as the change would likely mean looser regulations and more deals on which the company can consult. The minutes from the Federal Reserve's last meeting will also be released on Wednesda
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