CNBC’s Jim Cramer on Friday recommended financiers to keep their eyes peeled for opportunities to enhance their portfolios next week.
“These huge macro numbers and essential Fed conferences are a drag– I understand. They obscure the real chances out there. I desire you to keep your eyes open for concepts and not be blinded by the [Federal Reserve] light,” he stated.
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Stocks toppled to end the week down on Friday, roiled by financiers’ fret about a possible economic crisis. Two essential financial occasions happen next week, consisting of the release of the November customer rate index report and the Federal Reserve’s December conference.
Wall Street anticipates the Fed to raise rates of interest by 50 basis points.
“We need to see a cooler consumer price index, with the Fed only raising interest rates by 50 basis points and then saying they’ll take some time to assess the situation before they tighten again,” Cramer stated.
He likewise previewed next week’s slate of profits. All profits and earnings quotes are thanks to FactSet.
Monday: Coupa Software, Oracle
Coupa Software
- Q3 2023 profits release at 4: 03 p.m. ET; teleconference at 4: 30 p.m. ET
- Projected EPS: 17 cents
- Projected earnings: $252 million
Cramer anticipated that the stock will fall if the business does not focus on success over development.
Oracle
- Q2 2023 profits release at 4 p.m. ET; teleconference at 5 p.m. ET
- Projected EPS: $1.17
- Projected earnings: $1195 billion
“At 16 times earnings, I just don’t see how much there is to lose,” he stated.
Tuesday: Eli Lilly
- 2023 assistance call at 9 a.m. ET
Investors who do not currently own shares of Eli Lilly need to wait to purchase till after the call, Cramer recommended.
Wednesday: Lennar
- Q4 2022 profits release at 4: 30 p.m. ET; teleconference on Thursday at 11 a.m. ET
- Projected EPS: $4.88
- Projected earnings: $9.98 billion
He anticipated that the business will likely report a “terrific” quarter, which would be bad news for the Fed’s fight versus inflation.
Thursday: Adobe
- Q4 2022 profits release at 4: 05 p.m. ET; teleconference at 5 p.m. ET
- Projected EPS: $3.50
- Projected earnings: $4.53 billion
Cramer stated that it’s prematurely to purchase shares of Adobe.
Friday: Darden Restaurants, Accenture
Darden Restaurants
- Q2 2023 profits release at 7 a.m. ET; teleconference at 8: 30 a.m. ET
- Projected EPS: $1.43
- Projected earnings: $2.43 billion
The business will likely report a strong quarter, he anticipated.
Accenture
- Q1 2023 profits release at 6: 45 a.m. ET; teleconference at 8 a.m. ET
- Projected EPS: $2.92
- Projected earnings: $1558 billion
“If you think, as I do, that companies will cut back on digitization going forward in order to attempt to save money, you might want to avoid Accenture,” Cramer stated.
Disclaimer: Cramer’s Charitable Trust owns shares of Eli Lilly.
