CNBC’s Jim Cramer on Friday recommended financiers to sound the register on a few of their positions to benefit from the booming market.
“I don’t know if we can continue this week’s bizarrely bullish behavior, but it’s worth sticking around and … you can trim a bit of some stock that you’re up a lot,” he stated
Stocks fell on Friday after a strong January tasks report restored worries that the Federal Reserve will continue treking rates of interest. The S&P 500 and Nasdaq Composite still handled to end the week on the favorable side, with the tech-heavy index notching its 5th successive winning week.
Cramer likewise evaluated next week’s slate of incomes. All approximates for incomes, earnings and financial information are thanks to FactSet.
Monday: Tyson Foods, Simon Property Group
Tyson Foods
- Q1 2023 incomes release at 7: 30 a.m. ET; teleconference at 9 a.m. ET
- Projected EPS: $1.31
- Projected earnings: $1351 billion
Cramer stated the teleconference must provide insight into the state of food inflation at supermarket.
Simon Property Group
- Q4 2022 incomes release at 4: 05 p.m. ET; teleconference at 5 p.m. ET
- Projected EPS: $3.15
- Projected earnings: $1.29 billion
“They may pull a rabbit out of a hat” in spite of it being a difficult time for business in the workplace home organization, he stated.
Tuesday: Chipotle Mexican Grill, Enphase Energy
Chipotle Mexican Grill
- Q4 2022 incomes release at 4: 10 p.m. ET; teleconference at 4: 30 p.m. ET
- Projected EPS: $8.91
- Projected earnings: $2.23 billion
Cramer stated he anticipates the quarter to be remarkable provided the business’s strategy to work with 15,000 dining establishment employees ahead of the hectic spring months.
Enphase Energy
- Q4 2022 incomes at 4: 05 p.m. ET; teleconference at 4: 30 p.m. ET
- Projected EPS: $1.27
- Projected earnings: $707 million
“I always say the same thing — if you believe that solar can be even bigger than it is now, then Enphase is the right stock for you,” he stated.
Wednesday: CVS Health, Disney
CVS Health
- Q4 2022 incomes release at 6: 30 a.m. ET; teleconference at 8 a.m. ET
- Projected EPS: $1.92
- Projected earnings: $7633 billion
Cramer stated that he wonders why the business’s stock has actually ended up being “a real bow-wow.”
Disney
- Q1 2023 incomes release at 4: 05 p.m. ET; teleconference at 4: 30 p.m. ET
- Projected EPS: 79 cents
- Projected earnings: $2344 billion
He forecasted that Disney’s efficiency will enhance now that CEO Bob Iger is back at the business’s helm.
Thursday: PepsiCo, Pay Buddy
PepsiCo
- Q4 2022 incomes release at 6 a.m. ET; teleconference at 8: 15 a.m. ET
- Projected EPS: $1.65
- Projected earnings: $2684 billion
“I actually think they will deliver good numbers on Thursday, but if we have a growth hangover it might not matter to the market,” he stated.
Pay Buddy
- Q4 2022 incomes release at 4: 15 p.m. ET; teleconference at 5 p.m. ET
- Projected EPS: $1.20
- Projected earnings: $7.39 billion
“Who needs PayPal when Apple Pay is built into your phone?” he stated.
Friday: Enbridge, Newell Brands
Enbridge
- Q4 2022 incomes release prior to the opening bell; teleconference at 9 a.m. ET
- Projected EPS: 54 cents
- Projected earnings: $10 billion
Cramer stated he wishes to hear the business speak about where the rate of gas is headed.
Newell Brands
- Q4 2022 incomes release at 6 a.m. ET; teleconference at 8: 30 a.m. ET
- Projected EPS: 11 cents
- Projected earnings: $2.23 billion
The business had a “compelling” turn-around, according to Cramer.
Disclaimer: Cramer’s Charitable Trust owns shares of Apple and Disney.