Kramer announced Monday that shareholders of Trump Media, a shell company called Digital World Acquisition Corp., agreed to merge with the social media company owned by former President Donald Trump in a new public company created on Friday. will likely start trading under the ticker DJT. Cramer said the company could be a big boon for Trump, who faces huge legal costs.
GameStop will release its earnings on Tuesday, and Cramer said he expected a negative result. Elsewhere, he said spice maker McCormick could report better-than-expected numbers that day, and the last two food companies to report, Hormel and General Mills, said there could be a “nice upside surprise.” he added.
Cintas and Carnival reported Wednesday, and Kramer said he was optimistic about the former but said the latter was a “wild card.” He said he will also be keeping an eye on Kimberly-Clark's analyst meeting, which will be held on the same day.
Kramer said he was excited about Thursday's earnings report from Walgreens Boots Alliance and said the company is on a better path with veteran healthcare industry executive Tim Wentworth at the helm. He said there is a possibility of heading towards. Mr. Kramer said he would like to hear Mr. Wentworth explain how he plans to get Walgreens back on a growth path.
The personal consumption spending report is scheduled to be released on Friday, and Cramer noted that it is a key inflation indicator for the Federal Reserve.