Part 5/10:
U.S.-China Relations: Following a high-profile call between President Biden and Chinese President Xi, the market is awaiting details about the discussions, especially regarding trade and technology. Cramer suspects that the real story extends beyond TikTok and may include China’s commitments to buy U.S. goods, which could influence market movements early in the week.
Corporate Earnings: Tuesday features reports from AutoZone and ARKO. AutoZone, with its aggressive share buyback strategy, remains a favorite for Cramer, especially given the aging vehicle fleet in the U.S. Meanwhile, Micron (MU) reports, and Cramer anticipates a strong quarter driven by demand for semiconductors, though he's cautious about recommending it until a potential pullback occurs.