Cramer: What I'm Watching Wednesday
On Wednesday, Cramer plans to review two companies' earnings results and some economic data, too.
To start, we’ll see how small businesses are faring when office supplies retailer Staples releases its quarterly results before the bell, Cramer said. Its last few reports have been really downbeat and given Washington’s shenanigans of late, Cramer fears nothing has changed.
After the close, NetApp will post its quarterly numbers. It services the data center, which is best growing area of tech right now. Cramer hopes NetApp will have positive things to say. Otherwise, there will be few places to hide in the tech space.
Finally, Cramer will review the mortgage index numbers when released on Wednesday. He’s curious if rates are so low, people are refinancing. After all, refinancing provides bountiful savings for the millions of people who own homes and pay their mortgage on time.
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