“The Fed is still leading this market. A week ago, it looked like they might ease, but after Friday’s jobs numbers and the passage of [Inflation Reduction Act]I’m worried that they might reduce our boom even before September comes around,” he said. “If both numbers are disastrous, we’ll have a surprise meeting in August,” he predicted, referring to consumer price index and producer price index data due this week. The Senate on Sunday passed the Inflation Relief Act, a Democratic-backed package aimed at fighting climate change and expanding health care coverage. The legislation, among other provisions, allows Medicare to negotiate prices with drug companies and imposes a 15 percent minimum tax on large companies. The July jobs report saw stronger-than-expected numbers last week, meaning the central bank could continue its path toward aggressive rate hikes. “If I were Chairman Jay Powell … I’d be hard pressed not to call a special Fed meeting this month to get us another 75 basis point rate hike,” Cramer said. One basis unit equals 0.01 percentage point. Investors are also looking at the University of Michigan’s consumer sentiment index this week to shed more light on how consumers view inflation. Cramer also previewed this week’s earnings table. All earnings and revenue estimates are provided by FactSet. Tuesday: Emerson Electric, Ralph Lauren, Plug Power, Unity Software Emerson Electric

Q3 2022 Earnings Announcements at 6:55 AM ET. conference call at 9 a.m. ET Projected EPS: $1.29 Projected revenue: $5.10 billion

Cramer said he expects Emerson to perform well in the long term after selling its InSinkErator disposal business to Whirlpool, but remains curious about how the company fares in the short term. Ralph Lauren

Q1 2023 earnings announcements at 8am ET. conference call at 9 a.m. ET Projected EPS: $1.71 Projected revenue: $1.40 billion

Although Ralph Lauren is a high-end store, it could face the same overstocks that other retailers face, he said. Plug Power

Second quarter 2022 earnings announcements after the close. conference call at 4:30 p.m. ET Estimated loss: 21 cents per share Projected revenue: $159 million

Plug Power will benefit from the inflation-reducing law because of the bill’s hydrogen tax credit, which could help the company become more than just a niche fuel cell maker, Cramer said. Unity software

Q2 2022 Earnings Announcements at 4:05 p.m. ET. conference call at 5 p.m. ET Estimated loss: 21 cents per share Projected revenue: $300 million

Cramer predicted the struggling stock could fall even lower as Nvidia’s preliminary financial results on Monday revealed that gaming is weak. Wednesday: CyberArk Software, Wendy’s, Disney, Dutch Bros CyberArk Software

Q2 2022 Earnings Announcements between 7:00 AM and 7:10 AM ET. conference call at 8:30 am ET Estimated loss: 30 cents per share Projected revenue: $138 million

The company should report strong results, as cybersecurity companies tend to be shielded from economic turmoil, Cramer said. Wendy’s

Q2 2022 earnings announcements at 7am ET. conference call at 8:30 am ET Estimated EPS: 22 cents Projected revenue: $540 million

Cramer said he worries about how inflation could hurt Wendy’s performance. Disney

Q3 2022 Earnings Announcements at 4:05 p.m. ET. conference call at 4:30 p.m. ET Projected EPS: 98 cents Projected revenue: $20.99 billion

“It’s too hateful for me to think it can stay down,” he said. Dutch Bros

Second quarter 2022 earnings announcements after the close. conference call at 5 p.m. ET Projected EPS: 5 cents per share Projected revenue: $182 million

The company is a beloved brand, but it will have to convince investors that its stock is worth buying, Cramer said. Thursday: Warby Parker, Toast, Rivian Warby Parker

Q2 2022 Earnings Announcements at 6:45 AM ET. conference call at 8 a.m. ET Estimated loss: 2 cents per share Projected revenue: $150 million

“My bet, like other recent IPOs, will go up in the quarter,” Cramer said. Toast

Q2 2022 Earnings Announcements at 4:05 p.m. ET. conference call at 5 p.m. ET Estimated loss: 12 cents per share Projected revenue: $651 million

He said he’s surprised that so many small companies like Toast are seeing their shares climb higher, even without news – suggesting they should never have fallen so much in the first place. Rivian

Q2 2022 earnings announcements at 4:10 p.m. ET. conference call at 5 p.m. ET Projected loss: $1.63 per share Projected revenue: $335 million

The electric vehicle maker will likely benefit from the law to reduce inflation because of the bill’s expansion of earned income tax credits for consumers who buy electric vehicles, Cramer said. He added that he still prefers Tesla. Disclosure: Cramer’s Charitable Trust owns Disney stock.