CNBC's Jim Cramer on Monday said the most important data this week is the Bureau of Labor Statistics release of the July nonfarm payrolls report on Friday morning."If it shows some job growth with no wage inflation, then the fabulous July rally can stand. But if it shows booming hiring with exceptionally large wage increases, then some of this rally, if not much of it, is going to be repealed," the "Mad Money" host said. Job growth has been strong this year, leading economists to say the U.S. is not in a recession even with two back-to-back quarters of negative GDP. Another strong jobs report could mean the Fed, which took another 75 basis point rate hike in July, will have to take stronger action to slow down the economy and inflation.Cramer also previewed this week's slate of earnings. All earnings and revenue estimates are courtesy of FactSet.Tuesday: Uber, AMD, Starbucks, Airbnb, JetBlueUberQ2 2022 earnings release at tbd time; conference call at 8 a.m. ETProjected loss: loss of 27 cents per shareProjected revenue: $7.36 billionCramer said he believes Uber will always struggle to make money unless it gets "real" autonomous vehicles.AMDQ2 2022 earnings release at 4:15 p.m. ET; conference call at 5 p.m. ETProjected EPS: $1.03Projected revenue: $6.53 billionAMD will likely report a strong performance, Cramer predicted.StarbucksQ3 2022 earnings release at 4:05 p.m. ET; conference call at 5 p.m. ETProjected EPS: 77 centsProjected revenue: $8.15 billionCramer said he wants to bet with Starbucks CEO Howard Schultz, not against him.AirbnbQ2 2022 earnings release between 4 p.m. and 4:05 p.m. ET; conference call at 4:30 p.m. ETProjected EPS: 45 centsProjected revenue: $2.11 billionThe company will likely report it's doing well, Cramer said, adding that he believes shares of Airbnb won't go higher unless it turns its cash flow into actual earnings.JetBlueQ2 2022 earnings release at 7 a.m. ET; conference call at 10 a.m. ETProjected loss: loss of 11 cents per shareProjected revenue: $2.45 billionCramer said he believes the Justice Department will block JetBlue's deal to acquire Spirit Airlines.PayPalQ2 2022 earnings release at 4:15 p.m. ET; conference call at 5 p.m. ETProjected EPS: 87 centsProjected revenue: $6.78 billion"If PayPal misses again, this is Elliott's ballgame," Cramer said, referring to activist investor Elliott Management's recently acquired stake in the payment platform.Wednesday: CVSQ2 2022 earnings release at 6:30 a.m. ET; conference call at 8 a.m. ETProjected EPS: $2.18Projected revenue: $76.41 billionCramer said he expects the retail giant to report great numbers.Thursday: Eli Lilly, Warner Bros Discovery, DoorDashEli LillyQ2 2022 earnings release at 6:25 a.m. ET; conference call at 9 a.m. ETProjected EPS: $1.70 Projected revenue: $6.85 billionCramer said he believes the success of Eli Lilly's new weight loss drug will help the company report a great quarter.Warner Bros DiscoveryQ2 2022 earnings release after the bell; conference call at 4:30 p.m. ETProjected EPS: 12 centsProjected revenue: $11.85 billionCramer said he believes the company will try to muddle through getting rid of its huge debt load totaling around $55 billion.DoorDashQ2 2022 earnings release at 4:05 p.m. ET; conference call at 6 p.m. ETProjected loss: loss of 21 cents per shareProjected revenue: $1.52 billionCramer said he's unsure whether DoorDash will be able to revive its stock price.Disclosure: Cramer's Charitable Trust owns shares of AMD and Eli Lilly.
Cramer’s week ahead: Jobs report on Friday will make or break July’s rally.