Jim Cramer on What to Watch in the Trading Week Ahead

TheStreet's Jim Cramer says all anyone is going to be talking about next week is the unemployment number due out Friday.
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TheStreet's Jim Cramer says all anyone is going to be talking about next week is the non-farm payroll number due out Friday. He says it's the only strong number we're seeing. All the other numbers we're seeing, whether it be PMI, Commerce, Truck Loading, Car Loading, they're all bad, he says. Autos are not good, airlines in May are not good, but if the jobs number next week is strong, then people are going to talk about a Fed rate hike, Cramer says. But he says they should really be talking about how to cut rates because that's how weak it is in May in this country. Separately, TheStreet will be watching key earnings reports due out next week. On Tuesday Cracker Barrel Old Country Store (CBRL) is set to report its latest quarterly results before the bell. Wall Street analysts expect the restaurant chain to report earnings per share of $1.38. Also reporting Tuesday are discount retailer Dollar General (DG) and Ambarella (AMBA). Analysts are looking for an EPS of $0.81 on Dollar General while Ambarella, a supplier of HD chipsets to customers like GoPro (GPRO), is expected to post earnings of $0.58 a share. Ambarella currently has an average rating of BUY and an average target price of $76.79. Then on Thursday JM Smucker (SJM) is set to report as well as VeriFone Systems (PAY), a provider of secure electronic payment solutions. Analysts are looking for an EPS of $0.42 on $488.7 million in revenue for VeriFone. We'll also get earnings results from Zoe's Kitchen (ZOES) after the close Thursday. Other key economic data due out next week include construction spending on Monday, motor vehicle sales and factory orders on Tuesday and the non-manufacturing ISM survey on Wednesday. Then on Thursday we'll get jobless claims ahead of the all-important employment situation report Friday.