Cramers week ahead: Packed earnings season continues

CNBC’s Jim Cramer said on Friday that he expects a rough start to next week on the heels of a sad end to April in the stock market.

“I hope next week should get better. I have to tell you, I do not expect a good day on Monday. When you have a really terrible day like today, you sometimes get a jump. Right in, you get a bounce and what you have to do is sell that bounce, “said the” Mad Money “host.

The technology-heavy Nasdaq Composite fell nearly 4.2% on Friday, while the S&P 500 fell 3.6%. The Dow Jones Industrial Average fell close to 2.8 percent. The Nasdaq and S&P 500 ended at new lows for the year.

Cramer said he will keep an eye on U.S. employment reports next week.

“It is possible that job numbers will have peaked because companies that hired extra workers so they would be covered during the worst days of the pandemic have started letting them go.” he said.

He also saw a preview of next week’s earnings and gave his thoughts on each reporting company. All earnings and revenue estimates are courtesy of FactSet.

Monday: Clorox

Clorox

  • Q3 2022 earnings announcement at. 16:15 ET; telephone conference at 16:15 ET
  • Expected EPS: 93 cents
  • Expected revenue: $ 1.79 billion

Cramer said the company needs to report decent numbers to send the “charged” stock higher.

Tuesday: AMD, Airbnb, Starbucks

AMD

  • Earnings announcement for Q1 2022 after closing; telephone conference at 17.00 ET
  • Expected EPS: 91 cents
  • Expected revenue: $ 5.01 billion

“Given how far this semiconductor stock has fallen from its heights … even an in-line quarter could make it fly,” Cramer said.

Airbnb

  • Earnings announcement for Q1 2022 after closing; telephone conference at 17.30 ET
  • Expected loss: loss of 25 cents per. shares
  • Expected revenue: $ 1.45 billion

Cramer said he thinks Airbnb could tell “a great story.”

Starbucks

  • Earnings announcement for the second quarter of 2022 after closing; telephone conference at 17.00 ET
  • Expected EPS: 60 cents
  • Expected revenue: $ 7.62 billion

While the quarter probably already felt the impact of Covid lockdowns in China, union activity potentially hurt the company’s performance even more, Cramer said.

Wednesday: CVS Health, Modern

CVS health

  • Q1 2022 earnings announcement before opening; telephone conference at 8.00 ET
  • Expected EPS: $ 2.16
  • Expected revenue: $ 75.54 billion

Cramer said he is interested in hearing how the company will utilize Covid vaccines, and said he believes consumers have recently rediscovered the company’s stores.

Modern

  • Q1 2022 earnings announcement before opening; telephone conference at 8.00 ET
  • Expected EPS: $ 5.37
  • Expected revenue: $ 4.2 billion

“These guys have so much money from their Covid vaccine, but now they have to do something to expand their portfolio. It can not be a one-trick pony,” Cramer said.

Thursday: Zoetis, DoorDash

Zoetis

  • Q1 2022 earnings announcement before opening; telephone conference at 8:30 ET
  • Expected EPS: $ 1.23
  • Expected revenue: $ 1.98 billion

Cramer said he is confident the company will report large numbers.

DoorDash

  • Earnings announcement for Q1 2022 after closing; earnings call at 17.00 ET
  • Expected loss: loss of 21 cents per. shares
  • Expected revenue: $ 1.38 billion

“If DoorDash does not strike a chord, it’s a ‘look below,'” Cramer said.

Friday: Under Armor

Under armor

  • Q5 2022 (transitional quarter) earnings announcement at 6:55 ET; telephone conference at 8:30 ET
  • Expected EPS: n / a
  • Expected turnover: n / a

Cramer said he plans to listen to the call, but believes Lululemon is the reigning winner in the industry.

Disclosure: Cramer’s Charitable Trust owns shares in AMD.

Leave a Reply

Your email address will not be published.