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cnbc_topnews may 01, 2026

Jim Cramer says the market powered through a tough earnings week but 'that doesn't mean we're out of the woods yet'

Jim Cramer says market powered through tough earnings week but warns not out of the woods yet.

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jim cramer says the market got through the toughest earnings week "with flying colors," but warned next week could be even more treacherous. "that doesn't mean we are out of the woods yet," he said, calling the week ahead "more eclectic, jam-packed on some days, and, frankly, more prone to disappointment." big reports coming: berkshire hathaway with its annual meeting, the first since greg abel took over from warren buffett. cramer thinks the recent underperformance may reflect a fading "buffett premium," but calls that short-sighted. palantir reports after the close — cramer says not to trade around the stock given its strong business. he likes amd ahead of its quarter, calling it a top upside pick. "i would buy some amd ahead of the quarter," he said, expecting a potential surprise. data center demand remains front and center. cramer expects a solid quarter from eaton because its power systems and cooling equipment tie directly to ai infrastructure expansion. he also likes connectivity names lumentum and arista networks, plus semiconductor company astera labs. "i would press my bet," he added. the monthly jobs report takes center stage — cramer says a softer number could shift expectations toward rate cuts. "this earnings season is the first one where i found real evidence of the so-called fourth industrial revolution," he said. "it's happening now."
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