CNBC’s Jim Cramer, which marked the end of the earnings season, said Friday that the list of key business reports from the past few weeks was “much better than anyone expected.”
The results revealed, he said, that investors have a range of investment options, barring speculative trading that has confused Wall Street professionals of late.
The comments come after the major US averages rose during Friday’s session, driving back-to-back weeks of gains that took the market to new highs. The Dow Jones Industrial Average rose 1% this week to close out at 3,458.40 and the S&P 500 rose 1.23% to 3,934.83. The tech-heavy Nasdaq Composite beat the bot, climbing 1.7% higher to 14,095.47.
After the close, Cramer said market activity has become less volatile after several weeks of large-scale trading.
“I like normal because if we’re not careful, a lot of this market could run off the highway to the danger zone,” said the host of “Mad Money”. “A day with less foam, like today, is a day when the rally feels more sustainable. But if the cannabis cohort and the short busters and the incredible pumping and dumping that I see coming back on the internet, well you know I will must become. “
Cramer gave his game plan for the coming week. Earnings per share forecasts are based on FactSet estimates:
Tuesday: CVS Health, Zoetis, Ring Central and Occidental gains
- Q4 Profit Disclosure: Before Market; conference call: 8:45 am
- Projected Earnings Per Share: $ 1.24
- Expected Revenue: $ 68.73 billion
“CVS has been challenged by Amazon as a drugstore and on the health insurance side by a host of competitors,” Cramer said. “If [CEO Karen] Lynch can increase numbers and that supports some solid traffic projections … I could see the stock is finally getting the traction it deserves. “
Zoetis
- Q4 Profit Disclosure: Before Market; conference call: 8.30 am
- Expected earnings per share: 86 cents
- Expected Income: $ 1.74 Billion
“I think you’ll see another round of gains in pet humanization,” he said.
RingCentral
- Q4 earnings disclosure: after market; conference call: 5:00 pm
- Expected earnings per share: 27 cents
- Expected sales: $ 318 million
“RingCentral makes call center software, but they also have a video conferencing platform that competes with Zoom and is growing well,” said the host. “The company is aggressive and it is growing fast.”
Occidental Petroleum
- Q4 earnings disclosure: after market; conference call: Wednesday, 11 am
- Expected losses per share: 58 cents
- Expected Revenue: $ 4.32 billion
“Many predict that the long bear market in oil is over. I’m not too sure about that – too much supply – 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 earnings
- Release of income in the third quarter of 2021: 06.00 AM; conference call: 8.30 am
- Projected Earnings Per Share: $ 1.26
- Expected Revenue: $ 913 million
Twilio
- Q4 earnings disclosure: after market; conference call: 5:00 pm
- Expected losses per share: 8 cents
- Expected Revenue: $ 455 million
“I bet two of them will deliver great, amazing quarters,” Cramer said.
Fast
- Q4 earnings disclosure: after market; conference call: 5:00 pm
- Expected losses per share: 11 cents
- Expected Revenue: $ 82 million
“They have rebuilt their credibility after a major deficit in October,” he said. “I think the problems are behind it.”
Pioneer natural resources
- Q4 earnings disclosure: after market; conference call: Thursday, 9 am
- Expected earnings per share: 70 cents
- Expected earnings: $ 1.89 billion
“I don’t recommend many oil companies these days, but if you put a gun to my head to let me choose, I would say, ‘Please put the gun down and just go and buy Pioneer,’ said the host.
Boston beer
- Release of fourth quarter income: 4:15 pm; conference call: 5:00 pm
- Projected Earnings Per Share: $ 2.63
- Expected Revenue: $ 453 million
“If another company gets into this hard seltzer business, will it be too much for them to trade?” he said. “I bet you can get another good quarter here, but don’t be welcome any longer when you have guns coming at you like those guys. The field is getting busy. ‘
Thursday: Walmart, Barrick Gold, Applied Materials, Roku, The Trade Desk
- Release of income in the fourth quarter of 2021: 7 a.m. conference call: 8 hours
- Expected earnings per share: $ 1.51
- Expected Revenue: $ 148.26 billion
“I want to hear about some initiatives and benchmarks that show us that Walmart is still hungry,” Cramer said.
Barrick Gold
- Q4 Profit Release: 6 hours; conference call: 11 am
- Expected earnings per share: 31 cents
- Expected Revenue: $ 3.25 billion
“I know CEO Dr. Mark Bristow will give you a look at the industry’s only real growth and income game that I trust,” he said. “If you like gold, it’s a bargain for the quarter.”
Applied materials
- Release of income in the first quarter of 2021: 4:01 PM; conference call: 4.30 pm
- Projected Earnings Per Share: $ 1.28
- Expected Revenue: $ 4.97 billion
“The stock is rising like crazy because of the [chip] shortage, but I think things are good enough to keep on rising, especially as Biden’s White House seems to recognize the magnitude of the problem, ”the host said.
Year
- Q4 earnings disclosure: after market; conference call: 5:00 pm
- Expected losses per share: 6 cents
- Expected Revenue: $ 615 million
Trade Desk
- Q4 earnings announcement: after market; conference call: 5:00 pm
- Projected Earnings Per Share: $ 1.88
- Expected Revenue: $ 292 million
“These companies are cable-cutting leaders designed for the new world of cable-free viewing and advertising. Everyone keeps wondering when their profits will stop,” he said. “I wonder why anyone would expect them to quit when it took decades to replace traditional TV broadcasting.”
Friday: Deere and Magna earnings
- Q1 2021 Profit Disclosure: Before Market; conference call: 10 am
- Expected earnings per share: $ 2.12
- Expected Revenue: $ 7.14 Billion
“I bet Deere is telling a story of higher commodity prices when the order books are full of tractors,” said Cramer.
Magna
- Q4 Profit Disclosure: Before Market; conference call: 8 hours
- Projected Earnings Per Share: $ 2.58
- Expected Revenue: $ 13.03 Billion
“We have a red-hot car market, they are the best mechanics, and these guys are also assembling cars for exciting players in electric vehicles, like Fisker,” he said.
Disclosure: Cramer’s charity owns shares of CVS Health and Walmart.
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