Here's Jim Cramer's week ahead, including retail earnings

There's a long list of retail earnings that will provide a glimpse into how American consumers feel about spending their money and higher prices. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://www.cnbc.com/investingclub/

CNBC’s Jim Cramer on Friday looked ahead to next week’s most important earnings report, after Wall Street ended on a strong note Friday but snapped a five-week winning streak.

The Dow Jones Industrial Average rose nearly 180 points, or 0.5% on Friday. The S&P 500 gained about 0.7% and the Nasdaq added 1%. However, those gains were not enough to overcome the selling after Wednesday’s hottest consumer inflation report in more than 30 years. For the week, the Dow fell 0.6%; the S&P 500 dipped 0.3% and the Nasdaq dropped about 0.7%.

“You’ve got all these stentorian hedge fund billionaires who’re eager to shoot at the great growth stocks of this era, especially the Nasdaq names. They come on air and blast these stocks, then look like morons when the high-fliers come roaring back a few days later,” Cramer said about this week’s market. “It was the short-sellers covering” that sent the market up late in the week, he added.

Next week, Cramer said, “Look for a week where the shorts are still trapped, the consumer is robust, and tech falters, if only because it has run so much. But therein lies the opportunity, is to wait to the falter. I lot of these stocks have run too much.” He also said to watch oil to see if it’s topped.

There’s a long list of retail earnings that will provide a glimpse into how American consumers feel about spending their money and whether they’re becoming more frugal as prices soar. Investors also hope to get a sense of what these companies, including Walmart and Target, expect heading into the holiday shopping season.

Here’s what the “Mad Money” host will be watching. All revenue and earnings per share estimates are from FactSet. All times are ET.

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