fbpx
QQQ
+ 0.00
316.89
+ 0%
DIA
+ 0.00
336.19
+ 0%
SPY
+ 0.00
405.71
+ 0%
TLT
+ 0.00
135.60
+ 0%
GLD
+ 0.00
170.44
+ 0%

Cramer: Tuesday's Earnings Will Offer More Detail On Consumer Trends Amid Vaccination Surge

March 29, 2021 1:10 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Cramer: Tuesday's Earnings Will Offer More Detail On Consumer Trends Amid Vaccination Surge

Spices and sauce maker McCormick & Company (NYSE:MKC) is one of a few stocks investors are paying close attention to as many states reopening their economies, Jim Cramer said Friday on "Mad Money."

Are People Cooking Less?: McCormick has seen its stock gain more than 25% over the past year as millions of new people embraced cooking food at home amid COVID-19 lockdowns. Amid the continued reopening and a daily vaccination effort of more than 2.5 million people a day, investors shouldn't be faulted in assuming McCormick's stock has "run its course," Cramer said.

The stock is lower by around 4% since the start of 2021 and this would reinforce the narrative that "we are doing less home cooking — even if you like it," Cramer said.

McCormick is scheduled to report fiscal first-quarter results Tuesday morning.

Related Link: Utz Brands CEO Chats With Jim Cramer About Marketing

What Are People Wearing: Fashion giant PVH Corp (NYSE:PVH) is widely considered a victim of the pandemic while stay-at-home and work-from-home trends supported Lululemon Athletica Inc (NASDAQ:LULU).

The market "made up their mind" that now is PVH's "time to shine," Cramer said. The stock's momentum coincides with the vaccine rollout gaining momentum while Lululmeon's stock is down more than 10% since the start of 2021.

Both fashion names are reporting results Tuesday afternoon.


Related Articles

What's In Store For Nike's Friday Report?

After the market close on Friday, the athletic apparel legend will report its second-quarter fiscal 2021 earnings. read more

Sneak Peek Of This Week's Earnings Reports

A number of big companies will take the earnings stage this week. Here's a rundown of the most important reports.  Monday: read more

Lululemon Athletica Analysts Size Up Retailer Ahead Of Q2 Report, Talk Mirror Acquisition

Three analysts are increasing their Lululemon Athletica Inc (NASDAQ: LULU) price targets ahead of the retailer's second-quarter earnings report.  Piper Sandler also went into detail on Lululemon's acquisition of the fitness company Mirror.  read more

Stock Market Update For The Week Ahead: 'Continued Strength'

The Last Week In A Nutshell What Happened: The S&P 500 experienced its best quarter since 1998, adding 20%. read more