Wall Street is growing increasingly concerned that the Fed's rate-hiking campaign will tip the U.S. economy into a recession.
Tuesday: Housing starts and earnings from General Mills, FedEx and NikeThe Census Bureau's Tuesday morning report on residential construction is notable because of the surge in home prices during the Covid pandemic, according to Cramer. Building more homes is one way to bring prices down and help cool inflation overall. However, he cautioned that concern about the U.S. economy makes it unlikely November housing starts will be robust.Projected revenue: $5.
Last time FedEx reported, it detailed significant cost-cutting plans that should help boost profitability. Cramer said for any investor who thinks the Federal Reserve may not ultimately raise interest rates as high as it projects, a post-earnings sell-off could create an opportunity to buy FedEx shares.Projected sales: $12.58 billion
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