CN Crick’s Jim Cramer, who marks the end of the earnings season, said on Friday that the report on major corporate reports in recent weeks “is much better than anyone expected.”
According to the results, investors have a variety of investment opportunities, offering no speculative trading that has confused Wall Street professionals in recent times.
The remarks come after the big US averages rose in Friday’s session, and it increased in the back of the week’s gains which brought the market to new highs. The Dow Jones industrial average rose 1% this week to 3,458.40 and the S&P 500 rose 1.23% to 3,934.83. The tech-heavy Nasdaq Composite improved the bot, rising 1.7% to 14,095.47.
Following the close, Cramer said market activity became less volatile after multiple trading weeks.
“I like normal because if we are not careful, a large portion of the market on the highway could be diverted to the danger zone,” the ‘Mad Money’ host said. “A day with less foam, like today, is a day when the rally feels more sustainable. But when the dagga cohort and the short-busters and the incredible pumping and dumping I see on the internet come back, you know I know I will have to become more negative. ‘
Cramer gave his game plan for the coming week. Earnings-per-share predictions are based on FactSet estimates:
Tuesday: CVS Health, Zoetis, Ring Central and Occidental earnings
- Quarterly earnings release: before the market; conference call: 08:45
- Projected EPS: $ 1.24
- Estimated revenue: $ 68.73 billion
“CVS has been challenged by Amazon as a drugstore and challenged on the health insurance side by a number of competitors,” Cramer said. “As [CEO Karen] Lynch can raise numbers and build up some solid traffic projections … I could see the stock finally getting the traction it deserves. ‘
Zoetis
- Quarterly earnings release: before the market; conference call: 8:30 am
- Projected EPS: 86 cents
- Estimated revenue: $ 1.74 billion
“I think you will see another round of gains in the humanization of pets,” he said.
RingCentral
- Quarterly quarterly earnings: to market; conference call: 17:00
- Projected EPS: 27 cents
- Predicted revenue: $ 318 million
“RingCentral makes call center software, but they also have a video conferencing platform that competes with Zoom and is growing well,” the host said. “The company’s aggressive growth is growing rapidly.”
Occidental Petroleum
- Quarterly quarterly earnings: to market; conference: Wednesday, 11 a.m.
- Estimated losses per share: 58 cents
- Estimated revenue: $ 4.32 billion
“Many predict that the long bear market in oil is over. I’m not so sure about that – too much supply – but if you believe it, no one is more positive about oil than Occidental CEO Vicki Holub,” he said.
Wednesday: earnings from Shopify, Twilio, Fastly, Pioneer Natural Resources and Boston Beer
- Q3 2021 release of income: 06:00; conference call: 8:30 am
- Projected EPS: $ 1.26
- Predicted revenue: $ 913 million
Twilio
- Quarterly quarterly earnings: to market; conference call: 17:00
- Estimated losses per share: 8 cents
- Estimated income: $ 455 million
“I bet two of them deliver great quarters,” Cramer said.
Quickly
- Quarterly quarterly earnings: to market; conference call: 17:00
- Estimated losses per share: 11 cents
- Estimated income: $ 82 million
“They rebuilt their credibility after a major shortage in October,” he said. “I think the problems lie behind them.”
Pioneer Natural Resources
- Quarterly quarterly earnings: to market; conference call: Thursday, 09:00
- Projected EPS: 70 cents
- Estimated revenue: $ 1.89 billion
“I do not recommend many oil companies these days, but if you put a gun on my head to get me to choose, I would say, ‘Would you please put the gun down and just go buy Pioneer,'” the host said.
Boston Beer
- Quarterly Income Release: 4:15 p.m .; conference call: 17:00
- Projected EPS: $ 2.63
- Predicted revenue: $ 453 million
“If one more company enters this hard seltzer business, would it be too much for them to handle?” he said. “I bet you can get another good term here, but do not stay too long if your guns like those guys come down on you. The field is getting busy.”
Thursday: Walmart, Barrick Gold, Applied Materials, Roku, The Trade Desk
- Q4 2021 release of income: 07:00; conference call: 8 am
- Projected EPS: $ 1.51
- Expected revenue: $ 148.26 billion
“I want to hear about some initiatives and measures that show Walmart is still hungry,” Cramer said.
Barrick Gold
- Quarterly quarterly income: 06:00; conference call: 11 am
- Projected EPS: 31 cents
- Estimated revenue: $ 3.25 billion
“I know that Dr. Mark Bristow, CEO, will give you a look at the only real growth and revenue I trust in the industry,” he said. “It’s a pre-quarter buy if you like gold.”
Applied materials
- Q1 2021 release of earnings: 16:01; conference call: 16:30
- Projected EPS: $ 1.28
- Estimated revenue: $ 4.97 billion
“The stock has gone up like crazy because of the [chip] a deficit, but I think things are good enough to keep climbing, especially since the White House of Biden seems to acknowledge the scale of the problem, ‘the host said.
Roku
- Quarterly quarterly earnings: to market; conference call: 17:00
- Estimated losses per share: 6 cents
- Estimated income: $ 615 million
Handelsbank
- Quarterly quarterly earnings: to market; conference call: 17:00
- Projected EPS: $ 1.88
- Predicted revenue: $ 292 million
“These companies are cutting-edge kingpins designed for the new world of watch and advertising sans cable. Everyone keeps wondering when their profits will stop,” he said. “I, I wonder why anyone would expect them to stop if the cable years took decades to supplant traditional broadcast television.”
Friday: earnings of Deere and Magna
- Q1 2021 release of earnings: before the market; conference call: 10:00
- Projected EPS: $ 2.12
- Estimated revenue: $ 7.14 billion
“I bet Deere is telling a story of higher commodity prices having full tractors,” Cramer said.
Magna
- Quarterly earnings release: before the market; conference call: 8 am
- Projected EPS: $ 2.58
- Estimated revenue: $ 13.03 billion
“We have a red-hot car market, they are the best compiler, and these guys also put cars together for compelling players for electric vehicles, like Fisker,” he said.
Disclosure: Cramer’s charity owns shares in CVS Health and Walmart.
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