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Mad Money Jim Cramer Has a Warning for Investors in October
Jim Cramer told investors to prepare for a potentially rougher third-quarter earnings season. The Mad Money host said companies may not deliver the strong numbers investors have grown used to. The country’s biggest lenders go first.
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Key points
- Jim Cramer warned investors that third-quarter earnings may not match recent strength, citing rising borrowing costs and a Federal Reserve determined to bring down inflation.
- JPMorgan, Wells Fargo, Citigroup and Goldman Sachs report September-quarter results on October 14, following the Fed's September 16 hike to 4%.
- FactSet's John Butters said analysts raised Q3 S&P 500 earnings estimates by 1.4%, with expected year-over-year growth of 29.5%.
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