CNBC’s Jim Cramer on Friday advised traders what to observe for on Wall Avenue subsequent week, highlighting JPMorgan‘s market-moving health-care convention in San Francisco. Happening from Monday to Thursday, the convention is likely one of the yr’s largest gatherings of main business CEOs the place they reveal earnings steering and updates on scientific trial analysis.

“The new year has started with a redistribution of cash out of the ‘Magnificent Seven’ and on to the sidelines,” Cramer mentioned, pointing to health-care shares as a very notable group that can doubtless be “propelled by what people expect to hear from the JPMorgan Healthcare Conference.”

Cramer will interview a number of CEOs on the convention, beginning with Walgreens CEO Tim Wentworth on Monday. Cramer mentioned he is to listen to how the corporate plans to get its groove again after reducing its dividend almost in half this week. Cramer may also communicate with management from Amgen and Medtronic, in addition to the brand new CEO of Bristol Myers, Chris Boerner, whom he’ll ask concerning the firm’s rigorous biotech acquisition plans.

On Tuesday and Wednesday, Cramer will proceed to interview the CEOs of main business names, together with Eli Lilly CEO David Ricks. Cramer mentioned he is significantly within the firm’s diabetes and weight reduction drug in addition to its Alzheimer’s initiative. He’ll additionally communicate with CVS Health CEO Karen S. Lynch to debate the corporate’s ongoing transition from drug retailer to health-care supplier. Cramer may also hear from the CEOs of Pfizer, Regeneron, Novartis, Abbott Labs and Cencora.

Thursday brings the buyer worth index for December. Cramer mentioned he thinks these hoping for tender figures can be disenchanted. Cramer may also be tuning into CES, the Client Electronics Present, subsequent week. The tech occasion will embody commentary by management from Nvidia and Dell.

Earnings season kicks off Friday with studies from main banks together with JPMorgan, Bank of America and Wells Fargo. BlackRock may also report, and Cramer mentioned he thinks the corporate’s earnings may give traders a strong overview of the monetary business. He’ll even be being attentive to Friday studies from UnitedHealth Group and Delta.