The major U.S. indexes all rallied Friday on the backs of Walt Disney, J. P. Morgan Chase, and Chevron, but CNBC's Jim Cramer warned that"this positivity" will be hard to sustain.
"In the cacophony of earnings reports next week, remember that this market has no memory. Today was terrific, but come Monday we're at the mercy of the next news cycle."Citigroup: Citi reports earnings before the market opens. When it does, Cramer expects the stock to go the way of Wells Fargo, when it fell 3% Friday after its earnings call.
"CEO David Solomon is starting to make his mark, and I like his mark," he said."If the stock pulls back, I'd be a buyer." Pepsico: The soda maker announces earnings before the bell. Cramer suggested buying the stock if it dips on bad news earlier in the week, or buy some before and after the earnings call.Morgan Stanley: Morgan Stanley reports its numbers before trading starts. Cramer also suggested buying it at a discount if the stock pulls back before Wednesday. If there is no bad news that hits the stock, buy some before and after the earnings report, he said.
Honeywell: The aerospace supplier gives its earnings report prior to the bell. Cramer said its a much stronger aerospace play than Boeing.American Express: American Express presents quarter results before the market opens.