New economic data and Apple’s latest iPhone

CNBC’s Jim Cramer on Friday walked investors through next week on Wall Street, highlighting new economic data and the expected unveiling of Apple‘s latest iPhone. He also warned that September is usually a tough month for the market as a whole.

“As we head into the next week, keep in mind that we’re stuck in the month of September, a historically terrible month for the market where bad news is bad news, and good news is fleeting,” Cramer said. “It’s not the end of the world, people, but it is an awful stretch of the calendar.”

On Monday, Cramer will be paying attention to a quarterly report from Casey’s General Stores. He said he likes the company’s retail concept, adding that it holds a lucrative position in smaller U.S. towns. Cramer suggested he would buy some shares before and after the report, saying the company is “just the kind of out-of-the-way story that could work in this tape.”

Apple is expected to release the iPhone 17 on Tuesday, and Cramer said the reveal could move the needle. Tuesday also brings earnings from Oracle, AeroVironment and GameStop. Cramer said Oracle’s stock has been performing better since the company “reinvented itself” to focus on data centers instead of purely software. But even a solid quarter could spur profit-taking because the market has been “fickle” as of late, he continued. Cramer expressed confidence in drone maker AeoVironment as the U.S.’s defense budget balloons. Like Oracle, good results could also trigger profit-taking, Cramer continued, even as he thinks the company will have “a terrific story to tell.” But Cramer said he doesn’t feel the same way about GameStop, suggesting he’s not too optimistic about its results.

The Labor Department will release two important inflation metrics next week — the Producer Price Index on Wednesday and the Consumer Price Index on Thursday. Cramer said Wall Street is looking for data that would encourage the Federal Reserve to cut interest rates more aggressively. Tame numbers could spell good news for the market, he said, but cautioned that nothing bullish is lasting in September.

Thursday brings earnings from Kroger and Adobe. Cramer was optimistic about the grocery giant’s quarterly results and a potential rally, saying the company has seen success because it’s been able to keep its prices steady. But he wasn’t sure about Adobe, saying the software company has fallen out of favor on Wall Street as investors worry about competition in the artificial intelligence space.

Cramer said he expects tariff news on Friday, perhaps the long-awaited duties on semiconductor imports. The prospect of those tariffs has been weighing on Wall Street, he continued.