New economic data and earnings from FedEx, Jabil

CNBC’s Jim Cramer told investors Friday what to watch for on Wall Street next week. FedEx and manufacturer jabil.

He also noted the big decline in technology stocks this week. He said he still believes in the power of artificial intelligence and suggested some of these names might be worth buying when their values ​​fall.

“As money moves like a firehose from the Magnificent Seven to all these other different areas, we need every piece of data to keep track of what’s actually going on,” he said.

Tuesday brings the Department of Labor’s nonfarm payrolls report. Wall Street has been largely in the dark about macroeconomic data over the past few months due to the extended government shutdown, Cramer said. Cramer said a strong jobs report could call into question the Fed’s need for further interest rate cuts, while weak numbers mean the central bank could continue easing. Retail sales data is also due on Tuesday, and Cramer added that that report would have to be weak to justify further cuts.

Jabil and General Mills They will report on Wednesday. Cramer stated that Jabil is a major infrastructure and hardware manufacturer for data centers. He said the company’s earnings could reverse declines in AI stocks. Cramer said he would wait to hear from industry giant General Mills, noting that some food stocks have suffered recently due to the popularity of GLP-1 weight-loss drugs and the increasing emphasis on healthier eating habits.

on thursday, darden, Cintas, Nike and FedEx will report. While rising beef prices have hurt some restaurants, Cramer argued that restaurant giant Darden is protected by the Olive Garden chain, which has “minimal beef exposure.” Uniform and safety equipment supplier Cintas said it would be a solid measure of how far small businesses have come. Cramer said it may be too early to expect a turnaround at Nike, but FedEx could be the “star of the week.” He praised the shipping company’s management and added that the e-commerce boom looks set to continue.

Friday brings profit Carnival, Konagra And paychexand Cramer suggested that all three reports would provide valuable information. Carnival can talk about the state of discretionary spending, Conagra can show whether consumers are cooking more at home, and payroll processor Paychex can provide insight into small and medium-sized businesses.

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Disclaimer CNBC Investment Club owns shares of Nike.