CNBC’s Jim Cramer on Friday previewed next week’s lineup of revenues and encouraged financiers to stay with business that pay yet budget friendly for financiers to own.
“In this environment, you need to own companies that make stuff and do things profitably, but let’s add, also, with stocks that remain cheap on a price to earnings basis,” the “Mad Money” host stated.
Even as the Fed attempts to tamp down greater rates, “we’ve already seen signs that inflation is peaking in many areas. Unfortunately, so is the rest of the economy,” he later on included.
Cramer stated that on Monday, he’ll be keeping his eye on Russia’s intrusion of Ukraine and its impact on product rates. He likewise stated he’ll be seeing the 30- year Treasury bonds.
“The 30- year, not the 20[-year], is where all the action will be when the Fed begins offering its bond portfolio. You require to understand that this sell-off in the 30- year is symbolizing that much greater rates are on the method,” Cramer stated. “Get ready for them. Higher long rates will likely hurt the Nasdaq like we saw today, not the Dow, which can hold up just fine because it’s full of tangible companies that fit my criteria.”
The Dow Jones Industrial Average on Friday increased 0.4%. The S&P 500 dropped 0.27% while the Nasdaq Composite toppled 1.34%. All 3 decreased for the week.
Also on Cramer’s radar is an anticipated “red-hot reading” in the March customer cost index launching nextTuesday
“It’ll be inexorable and nasty until we see the peak in everything. Whatever the so-called consensus is, it’s almost always too low right now, and so that’s going to gaffe the bondholders and put pressure on the stock market that day,” he stated.
Cramer likewise previewed next week’s slate of revenues and offered his ideas on each reporting business. All revenues and earnings quotes are thanks to FactSet.
Tuesday: Albertsons, CarMax
Albertsons
- Q4 2021 revenues release prior to the bell; teleconference at 8: 30 a.m. ET
- Projected EPS: 64 cents
- Projected earnings: $1676 billion
Cramer stated he anticipates excellent arise from Albertsons and watches for a statement, whether they’re intending on going personal or exposing a huge buyback or dividend.
CarMax
- Q4 2022 revenues prior to the bell; teleconference at 9 a.m. ET
- Projected EPS: $1.27
- Projected earnings: $7.5 billion
“Any sign that this endless series of price hikes is over, or that demand has been destroyed … will reinforce my thesis that all the used car companies must be sold,” Cramer stated.
Wednesday: JPMorgan Chase, Bed Bath & &(********************************************************************************************************* )BlackRock, Delta Air Lines
JPMorgan Chase
- Q1 2022 revenues release at 6: 45 a.m. ET; teleconference at 8: 30 a.m. ET
- Projected EPS: $2.72
- Projected earnings: $3057 billion
“Every time the Fed raises rates, these guys instantly become more profitable on a risk-free basis,” Cramer stated.
Bed Bath & & Beyond
- Q4 2021 revenues release; teleconference at 8: 15 a.m. ET
- Projected EPS: 4 cents
- Projected earnings: $2.08 billion
“The question here is simple: Will big new shareholder Ryan Cohen, of Chewy and GameStop fame, join the board, and will the Buy Buy Baby business be sold to private equity? I think it’s all on the table, and the stock goes up substantially,” Cramer stated.
BlackRock
- Q1 2022 revenues release prior to the bell; teleconference at 8: 30 a.m. ET
- Projected EPS: $8.95
- Projected earnings: $4.73 billion
Cramer stated he has an interest in becoming aware of how “individuals might get to vote their index fund shares.”
Delta Air Lines
- Q1 2022 revenues release prior to the bell; teleconference at 10 a.m. ET
- Projected loss: loss of $1.30 per share
- Projected earnings: $8.74 billion
Cramer stated he favors travel stocks however thinks airline companies are presently a hard sell “given how much money they can lose in a Fed-mandated recession.”
Thursday: Goldman Sachs
Goldman Sachs
- Q1 2022 revenues release at 7: 30 a.m. ET; teleconference at 9: 30 a.m. ET
- Projected EPS: $8.95
- Projected earnings: $1198 billion
“I have never seen Goldman Sachs stock this cheap, ever. … I think you’re getting a fairly good chance to catch a bounce here, if not an investment, because by this point, it should be no surprise that Goldman’s first quarter was ugly,” Cramer stated.
