CNBC’s Jim Cramer stated Friday that he anticipates a rough start to next week on the heels of a disappointing end to April in the stock exchange.
“I’m hoping that next week should be better. I’ve got to tell you, I don’t expect a good day Monday. When you have a really horrible day like today, sometimes you get a bounce. Right in, you get a bounce, and what you’ve got to do is you must sell that bounce,” the “Mad Money” host stated.
The tech-heavy Nasdaq Composite plunged practically 4.2% on Friday while the S&P 500 fell 3.6%. The Dow Jones Industrial Average dropped near 2.8%. The Nasdaq and S&P 500 ended up at brand-new lows for the year.
Cramer stated that next week he’ll have his eye on U.S. work reports.
“It’s possible the job numbers will have peaked because companies that hired extra workers so they’d be covered during the worst days of the pandemic have started to let them go,” he stated.
He likewise previewed next week’s slate of revenues and provided his ideas on each reporting business. All revenues and income price quotes are thanks to FactSet.
Monday: Clorox
Clorox
- Q3 2022 revenues release at 4: 15 p.m. ET; teleconference at 4: 15 p.m. ET
- Projected EPS: 93 cents
- Projected income: $1.79 billion
Cramer stated the business requires to report good numbers to send out the “tattered” stock greater.
Tuesday: AMD, Airbnb, Starbucks
AMD
- Q1 2022 revenues release after the close; teleconference at 5 p.m. ET
- Projected EPS: 91 cents
- Projected income: $5.01 billion
“Given how far this semiconductor stock has fallen from its highs … even an in-line quarter could send it flying,” Cramer stated.
Airbnb
- Q1 2022 revenues release after the close; teleconference at 5: 30 p.m. ET
- Projected loss: loss of 25 cents per share
- Projected income: $1.45 billion
Cramer stated he believes Airbnb might inform “a great story.”
Starbucks
- Q2 2022 revenues release after the close; teleconference at 5 p.m. ET
- Projected EPS: 60 cents
- Projected income: $7.62 billion
While the quarter most likely currently felt the result of Covid lockdowns in China, union activity possibly injured the business’s efficiency much more, Cramer stated.
Wednesday: CVS Health, Moderna
CVS Health
- Q1 2022 revenues release prior to the open; teleconference at 8 a.m. ET
- Projected EPS: $2.16
- Projected income: $7554 billion
Cramer stated he has an interest in hearing how the business will take advantage of Covid vaccines, stating he thinks customers have actually just recently discovered the business’s shops.
Moderna
- Q1 2022 revenues release prior to the open; teleconference at 8 a.m. ET
- Projected EPS: $5.37
- Projected income: $4.2 billion
“These guys have so much money from their Covid vaccine, but now they have to do something to broaden their portfolio. It can’t be a one-trick pony,” Cramer stated.
Thursday: Zoetis, DoorDash
Zoetis
- Q1 2022 revenues release prior to the open; teleconference at 8: 30 a.m. ET
- Projected EPS: $1.23
- Projected income: $1.98 billion
Cramer stated he’s positive the business will report varieties.
DoorDash
- Q1 2022 revenues release after the close; revenues call at 5 p.m. ET
- Projected loss: loss of 21 cents per share
- Projected income: $1.38 billion
“If DoorDash doesn’t beat handily, it’s a ‘lookout below,'” Cramer stated.
Friday: Under Armour
Under Armour
- Q5 2022 (shift quarter) revenues release at 6: 55 a.m. ET; teleconference at 8: 30 a.m. ET
- Projected EPS: n/a
- Projected income: n/a
Cramer stated he prepares to listen to the call however thinks Lululemon is the ruling winner in the market.
Disclosure: Cramer’s Charitable Trust owns shares of AMD.
