CNBC’s Jim Cramer on Friday informed financiers that they must expect stocks to include as revenues season unwind.
“There’s plenty to buy, as long as you buy companies that are making money and returning some of that money to shareholders via buybacks and dividends,” he stated. “Still too soon, by the way, to pick at high-growth stocks with little in the way of earnings, though.”
Stocks were blended on Friday, with the S&P 500 closing up somewhat as it notched its worst weekly efficiency in almost 2 months. All 3 significant indexes ended down for the week.
Cramer assured financiers that the marketplace’s decreases today do not indicate that it’s headed for bearishness area. “Right now, we’re witnessing classic bull market behavior. A bull market has moments where the despair is thick.”
In addition to business revenues reports, he stated that he’s watching out for the January customer rate index report on Tuesday.
All approximates for revenues, profits and financial information for the week are thanks to FactSet.
Monday: TreeHouse Foods
- Q4 2022 revenues release at 6: 55 a.m. ET; teleconference at 8: 30 a.m. ET
- Projected EPS: 98 cents
- Projected profits: $1 billion
“To date, we have not seen much trade down of any size at the supermarket. … But once it starts happening, that will be a huge win in the fight against inflation,” he stated.
Tuesday: Coca-Cola, Airbnb
Coca-Cola
- Q4 2022 revenues release at 6: 55 a.m. ET; teleconference at 8: 30 a.m. ET
- Projected EPS: 45 cents
- Projected profits: $10 billion
Cramer stated he anticipates a strong quarter from the drink giant.
Airbnb
- Q4 2022 revenues release at 4: 05 p.m. ET; teleconference at 4: 30 p.m. ET
- Projected EPS: 25 cents
- Projected profits: $1.86 billion
“I’ve been adamant that this company is undervalued, but I just don’t know when it can break out to the upside,” he stated.
Wednesday: Bowlero, Shopify
Bowlero
- Q2 2023 revenues release after the close; teleconference at 4: 30 p.m. ET
- Projected EPS: 16 cents
- Projected profits: $257 million
Cramer forecasted the business will provide a terrific set of numbers.
Shopify
- Q4 2022 revenues release after the close; teleconference at 5 p.m. ET
- Projected loss: 1 cent per share
- Projected profits: $1.65 billion
The business should reveal that it can pivot towards success, he stated.
Thursday: Constellation Energy, Applied Materials, DraftKings, DoorDash
Constellation Energy
- Q4 2022 revenues release at TBA time; teleconference at 10 a.m. ET
- Projected EPS: 26 cents
- Projected profits: $3.63 billion
“I’d stick with this one as long as a Democrat is in the White House,” he stated.
Applied Materials
- Q1 2023 revenues release at 4 p.m. ET; teleconference at 4: 30 p.m. ET
- Projected EPS: $1.93
- Projected profits: $6.69 billion
Cramer stated he’s wagering the business will report a weak quarter.
DraftKings
- Q4 2022 revenues release after the close; teleconference on Friday at 8: 30 a.m. ET
- Projected loss: 61 cents per share
- Projected profits: $798 million
“I do like DraftKings. I like the CEO. … But I don’t like the legislative road map,” he stated.
DoorDash
- Q4 2022 revenues release at 4: 05 p.m. ET; teleconference at 5 p.m. ET
- Projected loss: 67 cents per share
- Projected profits: $1.77 billion
He stated the business requires a strategy to end up being rewarding given that the marketplace just appreciates business that can provide strong revenues.
Friday: Deere
- Q1 2023 revenues release at 6: 45 a.m. ET; teleconference at 10 a.m. ET
- Projected EPS: $5.54
- Projected profits: $1134 billion
Deere stock is the very best method to play the long-lasting booming market in farming, according to Cramer.
