CNBC's Jim Cramer highlighted the launch of a new iPhone from Apple, earnings from enterprise software company Oracle and a consumer price index reading."You can try your hand at being nimble on any rip up and do some selling. Or you raise a little cash, stand pat and then wait for lower prices to do some buying," he said.on Friday discussed what to look out for next week on Wall Street, highlighting the launch of the new iPhone 16 fromand a consumer price index reading.
Cramer said he's optimistic about the Monday release of the new iPhone 16. Oracle will report after close that day, and Cramer said that the company has done well to incorporate AI into its products.
He also noted that Vice President Kamala Harris will debate former President Donald Trump Tuesday night. Cramer said he's not sure how much of a role the economy will play in the debate, but doubts that anything specifically market moving will come out of the event. On Wednesday, the Labor Department will release August's consumer price index, an important inflation metric. According to Cramer, as long as inflation stays consistent or decreases, the Federal Reserve has"plenty of leeway". Cramer said the diamond retailer was posting solid quarters until the last one, suggesting that the stock is relatively inexpensive but"not for the squeamish.
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