CNBC's Jim Cramer advised investors to keep an eye on the labor report next week, which will determine where the stock market is heading.
Cramer will be attending analyst meetings for Molson Coors, a beer maker, and Okta Access Management Company.
The nonfarm payrolls or the employment data for the last month could determine if October's market will rally.
Cramer stated that the Labor Department nonfarm payroll number, which we receive on Friday, is the most important indicator of the direction the market will take. "If it can keep the needle softer, we might be able to come into real earnings season the following week with a positive and decent head of steam."
Monday, you will see
Split into two companies: cereal-maker WK Kellogg, and snack-focused Kellanova. This includes brands such as Cheez-It and Pringles. Cramer said that he also hopes to hear updates on the
The looming threat
Spice and flavor manufacturer
Will report on and beer company
Cramer will be attending an analyst's meeting. Cramer will follow Access Management Company on Wednesday.
Analyst meeting of's
Cramer highlighted Thursday's
He said that the analyst meeting could be the catalyst for a stock move. Cramer believes that Dell's forecast and quarter were excellent, and the stock has more room to grow.
Cramer emphasized again Friday's Labor Report, saying that in order to have "a strong October," nonfarm payrolls must show some slack. Otherwise, the Federal Reserve could continue to raise rates to cool the economy.
He said: "This is a difficult decision because we do not want to see a wholesale economic collapse, because then we would be concerned about earnings." "But we don't also want to see consistently high unemployment numbers because then Fed chief Jay Powell will have no wiggle-room and interest rates will go higher, starting at the longer end."
Cramer said that the jobs report would not be released if the federal government shuts down.
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