Costco: Bulk retailer Costco will report earnings on Thursday. Cramer expects “excellent” results, but he’ll be watching the retailer’s online offerings, which gave it grief last quarter.
Oracle: An earnings report from cloud giant Oracle will give the market more clarity on whether the company can hold its own against the likes of Alphabet, Amazon and Microsoft.
“Last time, Oracle’s stock popped when it reported, but then it gave up the whole gain,” Cramer said. “Maybe it pops again, but the trajectory from after that last quarter makes me wary.”
Adobe: After meeting with CEO Shantanu Narayen in June, Cramer knows the fundamentals of Adobe’s business are promising. But given the recent volatility in the tech sector, he’s not so sure about its stock ahead of its Thursday earnings report.
“My take is that trading Adobe may be a bad call because it’s too hard,” he said. “That said, I like it as an investment if you’re willing to buy the stock and hold it given the company’s dominance in online marketing.”