CNBC's Jim Cramer on Friday told investors what to look out for next week on Wall Street, highlighting earnings reports from major banks, Delta Air Lines and Constellation Brands.
He also suggested it's not fruitful to obsess about the Federal Reserve's next move.
"Stop worrying about how many rate cuts we're going to get when or where or why or how," he said. "If you can't free yourself from this terrible parlor game, you're going to miss out a ton of terrific investments."
Tuesday, Cramer will be listening to a conference from cannabis company Tilray. The Florida Supreme Court on Monday said it would allow voters to decide whether recreational cannabis can be legalized in the state, which could be a big deal for the industry. Cramer said if investors want to bet on cannabis, they might want to choose Canopy Growth — however, many traders prefer Tilray.
Wednesday brings the consumer price index report, and Cramer said he'll be waiting to see if the numbers are too hot. He'll also be paying attention to earnings from Delta, which he said has the best financials of its peers.
Cramer said Thursday is an important earnings day because Constellation Brands will share its quarterly results. He said he expects a great quarter from the beverage company, which is known for products including Modelo.
Friday is also a big day for earnings, Cramer said, with reports from Wells Fargo, JPMorgan, BlackRock and Citigroup. He cautioned that these names might not perform well when the Fed starts to rate cuts.
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Disclaimer The CNBC Investing Club Charitable Trust holds shares of Constellation Brands and Wells Fargo.
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