CNBC’s Jim Cramer, marking the end of the earnings season, said on Friday that the list of top corporate reports in recent weeks was “much better than expected”.
The results revealed, he said, that investors have a range of investment opportunities, except for any speculative trading that recently confused Wall Street professionals.
The comments came after the major American averages rose in Friday’s session, turning consecutive weeks of gains that took the market to new highs. The Dow Jones Industrial Average rose 1% this week to close at 3,458.40 and the S&P 500 rose 1.23% to 3,934.83. The high-tech Nasdaq Composite outperformed the bot, up 1.7% to 14,095.47.
After closing, Cramer said market activity had become less volatile after several weeks of high-volume trading.
“I like normal things because if we are not careful, a good part of that market may be heading for the danger zone,” said the host of “Mad Money”. “A day with less foam, like today, is a day when the rally looks more sustainable. But if the cannabis group and the short-busters and the incredible pumping and dumping that I’m seeing on the web are coming back, well, you know that I will have to be more negative. “
Cramer gave his game plan for the following week. Earnings per share projections are based on FactSet estimates:
Tuesday: CVS Health, Zoetis, Ring Central and Occidental earnings
- Fourth quarter earnings release: before the market; conference call: 8:45 am
- Projected EPS: $ 1.24
- Projected revenue: $ 68.73 billion
“CVS was challenged as a pharmacy by Amazon and challenged on the health insurance side by a number of competitors,” said Cramer. “If [CEO Karen] Lynch can increase the numbers and prove some solid traffic projections … I could see the action finally getting the traction it deserves. “
Zoetis
- Fourth quarter earnings release: before the market; conference call: 8:30 am
- Projected EPS: 86 cents
- Projected revenue: $ 1.74 billion
“I think you will see another round of gains in humanizing pet stocks,” he said.
RingCentral
- Release of fourth quarter results: after the market; conference call: 5 pm
- EPS designed: 27 cents
- Projected revenue: $ 318 million
“RingCentral manufactures call center software, but they also have a videoconferencing platform that competes with Zoom and grows well,” said the presenter. “The company is aggressive and is growing rapidly.”
Western Oil
- Release of fourth quarter results: after the market; conference call: Wednesday, 11 am
- Projected losses per share: 58 cents
- Projected revenue: $ 4.32 billion
“Many are predicting that the long fall in the oil market is over. I’m not so sure about that – too many offers – but if you believe it, no one is more optimistic about oil than Occidental’s CEO, Vicki Holub,” he said.
Wednesday: Shopify, Twilio, Fastly, Pioneer Natural Resources and Boston beer recipes
- Results report for the third quarter of 2021: 6 am; conference call: 8:30 am
- Projected EPS: $ 1.26
- Projected revenue: $ 913 million
Twilio
- Release of fourth quarter results: after the market; conference call: 5 pm
- Projected losses per share: 8 cents
- Projected revenue: $ 455 million
“I bet two of them offer stellar and incredible rooms,” said Cramer.
Quickly
- Release of fourth quarter results: after the market; conference call: 5 pm
- Projected losses per share: 11 cents
- Projected revenue: $ 82 million
“They are rebuilding their credibility after a big fall in October,” he said. “I think the problems are behind them.”
Pioneering natural resources
- Release of fourth quarter results: after the market; conference call: Thursday, 9 am
- Projected EPS: 70 cents
- Projected revenue: $ 1.89 billion
“I don’t recommend many oil companies today, but if you put a gun to my head to make me choose, I would say, ‘please put the gun down and go buy Pioneer,'” said the host.
Boston Beer
- Fourth quarter earnings release: 4:15 pm; conference call: 5 pm
- Projected EPS: $ 2.63
- Projected revenue: $ 453 million
“If one more company enters the lye business, will this be too much for them?” he said. “I bet you can still get another good quarter here, but don’t delay when you have guns coming your way like those guys. The field is getting crowded.”
Thursday: Walmart, Barrick Gold, Applied Materials, Roku, The Trade Desk
- Results report for the fourth quarter of 2021: 7 am; conference call: 8 am
- Projected EPS: $ 1.51
- Projected revenue: $ 148.26 billion
“I want to hear about some initiatives and benchmarks that show us that Walmart is still hungry,” said Cramer.
Barrick Gold
- Fourth quarter earnings release: 6 am; conference call: 11am
- Projected EPS: 31 cents
- Projected revenue: $ 3.25 billion
“I know that CEO Dr. Mark Bristow is going to take a look at the only real growth and income game in the industry that I trust,” he said. “It’s a purchase before the quarter, if you like gold.”
Applied Materials
- Results report for the first quarter of 2021: 16h01; conference call: 4:30 pm
- Projected EPS: $ 1.28
- Projected revenue: $ 4.97 billion
“The stock is rising crazily because of the [chip] missing, but I think things are good enough to keep going up, especially as the Biden White House seems to recognize the scale of the problem, “said the host.
Roku
- Release of fourth quarter results: after the market; conference call: 5 pm
- Projected losses per share: 6 cents
- Projected revenue: $ 615 million
Commercial counter
- Release of fourth quarter results: after the market; conference call: 5 pm
- Projected EPS: $ 1.88
- Projected revenue: $ 292 million
“These companies are cable cutters designed for the new world of watching and advertising without cable. Everyone wonders when their earnings will stop,” he said. “I’m wondering why anyone expects them to stop when cable TV took decades to supplant traditional broadcast TV.”
Friday: Deere and Magna earnings
- Earnings release for the first quarter of 2021: before the market; conference call: 10am
- Projected EPS: $ 2.12
- Projected revenue: $ 7.14 billion
“I bet Deere tells a story of higher commodity prices that have their order books full of tractors,” said Cramer.
Magna
- Fourth quarter earnings release: before the market; conference call: 8 am
- Projected EPS: $ 2.58
- Projected revenue: $ 13.03 billion
“We have a booming auto market, they are the best carmakers and these guys also build cars for attractive electric vehicle players like Fisker,” he said.
Disclosure: Cramer’s charity fund has shares in CVS Health and Walmart.
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