“I need you to wait a few brutal days”

CNBC’s Jim Cramer warned investors on Friday that there would be more sales next week.

“Given the nature of September, hopefully next week will feel less like this morning’s decent action and more like this afternoon’s ugly sale, although there may be some individual bright spots,” said the host of “Mad Money.” . “I don’t want to be a stranger here, but as I keep saying, I need you to wait a few brutal days ahead and not let yourself be sucked into the morning rallies.”

Here’s Cramer’s game plan for the next five business days:

Cramer said Friday’s phone call between President Joe Biden and Chinese leader Xi Jinping likely lifted sentiment in tech hardware stocks, especially in the semiconductor industry, because investors want tensions between the two to cool. largest economies in the world.

He said he will be watching to see if there will be a wider technology rally on Monday. “I’m afraid September won’t easily unleash its bearish influence on the stock market narrative,” Cramer said.

Overall, Cramer said it’s a “pretty quiet week” outside of the political and judicial realms. However, he said he will be watching to see what Zoom has to say at his all-virtual conference.

“Zoom needs to show us that it can grow aggressively with new products and acquisitions. Without that, I’ll tell you, I think stocks can even return their gains they’ve had in the last two days,” he said.

In addition, Cramer said Oracle’s earnings after Monday’s close are remarkable, as the company rose nearly 39% so far this year. “This increases much faster than its growth rate,” he said. That may not matter. He has a halo after years of being in the doghouse; the halo comes from its economic nature and its incredibly expensive colleagues.

Crocs shares have risen 130% to date and while Cramer said this may seem extraordinary, it’s because the shoe maker has “constantly outnumbered the numbers”.

“Why? How do we know when the company is holding an analyst meeting. I think it will have good attendance and will make earnings estimates affected.” [higher] the next day, ”Cramer said.

Cramer said he believes the possibility of taking away Cisco investment day analysts may be similar to what happens after the Crocs meeting the day before.

“A Morgan Stanley analyst just downgraded the stock yesterday. Don’t think it’s discouraging considering this excellent set of orders when it was last reported. I bet the bulls win this battle,” Cramer said. .

“Yom Kippur, the Jewish Day of Atonement, falls on a Thursday. It is traditionally a day when companies and analysts don’t feel like doing anything important,” Cramer said. “But the federal government publishes retail numbers, and if they’re weak, you can blame Covid and buy some shares of Amazon. That’s always the default value to buy, it’s true, when brick and mortar stores show weakness. “.

The University of Michigan’s key consumer sentiment index is due to come out Friday morning, with consensus forecasts calling for a reading of 71.3 in September, according to FactSet. The final reading of August 70.3 was low in the pandemic era.

“Have people become more pessimistic because of a resurgence of the virus? Let’s analyze the number,” Cramer said.

Finally, Cramer said he will be watching the earnings report of English football club Manchester United, in part because of the popularity of the “Ted Lasso” program on Apple TV +.

“I think football, or the football they call it, could experience a resurgence of interest globally and we lack ways to invest in it. There’s no better way to own a piece of the main team. of the Premier League, ManU, ”Cramer said.