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Lennar and KB Home earnings

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Lennar and KB Home earnings

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CNBC Jim Cramer Investors on Friday were guided through the most important events on Wall Street next week, including earnings reports from home builders Rainer and KB Home PageHe added that the housing sector could be “critical” to the economy.

“Last night, I complained that there weren’t enough stocks that were attractive outside of tech,” Cramer said. “Let’s see what happens next week and see if we get enough weak data but not too weak, because it’s hard to imagine the Fed cutting rates before the fall at the earliest. And this week’s data suggests that keeping rates high for too long may be too rigid a strategy for an economy that’s suddenly in trouble.”

Lennar will report on Monday, while KB Home will report on Tuesday. Cramer noted that there are many industries related to housing, including lumber, plastics and retail. He said the companies could indicate whether more homes will be built because of strong demand or whether home builders will limit supply to prevent prices from falling, as has happened recently.

Tuesday is also Investor Day Citigroup and event from Hewlett Packard Enterprisethe company’s CEO Antonio Neri will be working with NvidiaThe government will also release retail sales data that day.

Housing starts data will be released on Thursday. Accenture, hook up, Darden and Jabil Cramer noted that Accenture slashed its earnings forecasts in its last report, and he doubts the company can turn things around this time. He noted that Kroger AlbertsonCramer said three firms cut their price targets on Olive Garden parent Darden this week, which is usually not a good sign for the quarter. Jabil is apple products, Cramer hinted that the quarter could reveal information about the tech giant’s business.

Carmax The company is set to report on Friday, and Cramer said it may be able to provide more information on whether used vehicle prices are starting to fall, as used vehicle prices can be a key factor in inflation.

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