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Cramer’s week ahead: Jam-packed earnings season continues

CNBC’s Jim Cramer stated Friday that he expects a tough begin to subsequent week on the heels of a dismal finish to April within the inventory market.

“I am hoping that subsequent week must be higher. I’ve obtained to let you know, I do not count on a superb day Monday. When you may have a extremely horrible day like as we speak, typically you get a bounce. Proper in, you get a bounce, and what you have to do is you have to promote that bounce,” the “Mad Cash” host stated.

The tech-heavy Nasdaq Composite plunged nearly 4.2% on Friday whereas the S&P 500 fell 3.6%. The Dow Jones Industrial Common dropped near 2.8%. The Nasdaq and S&P 500 completed at new lows for the 12 months.

Cramer stated that subsequent week he’ll have his eye on U.S. employment stories.

“It is doable the job numbers could have peaked as a result of corporations that employed further employees in order that they’d be lined through the worst days of the pandemic have began to allow them to go,” he stated.

He additionally previewed subsequent week’s slate of earnings and gave his ideas on every reporting firm. All earnings and income estimates are courtesy of FactSet.

Monday: Clorox

Clorox 

  • Q3 2022 earnings launch at 4:15 p.m. ET; convention name at 4:15 p.m. ET
  • Projected EPS: 93 cents
  • Projected income: $1.79 billion

Cramer stated the corporate must report first rate numbers to ship the “tattered” inventory increased.

Tuesday: AMD, Airbnb, Starbucks

AMD

  • Q1 2022 earnings launch after the shut; convention name at 5 p.m. ET
  • Projected EPS: 91 cents
  • Projected income: $5.01 billion 

“Given how far this semiconductor inventory has fallen from its highs … even an in-line quarter may ship it flying,” Cramer stated.

Airbnb 

  • Q1 2022 earnings launch after the shut; convention name at 5:30 p.m. ET
  • Projected loss: lack of 25 cents per share
  • Projected income: $1.45 billion

Cramer stated he thinks Airbnb may inform “an ideal story.”

Starbucks

  • Q2 2022 earnings launch after the shut; convention name at 5 p.m. ET
  • Projected EPS: 60 cents
  • Projected income: $7.62 billion

Whereas the quarter probably already felt the impact of Covid lockdowns in China, union exercise probably damage the corporate’s efficiency much more, Cramer stated.

Wednesday: CVS Well being, Moderna

CVS Well being

  • Q1 2022 earnings launch earlier than the open; convention name at 8 a.m. ET
  • Projected EPS: $2.16
  • Projected income: $75.54 billion

Cramer stated he is involved in listening to how the corporate will capitalize on Covid vaccines, saying he believes shoppers have lately rediscovered the corporate’s shops.

Moderna

  • Q1 2022 earnings launch earlier than the open; convention name at 8 a.m. ET
  • Projected EPS: $5.37
  • Projected income: $4.2 billion

“These guys have a lot cash from their Covid vaccine, however now they should do one thing to broaden their portfolio. It might’t be a one-trick pony,” Cramer stated.

Thursday: Zoetis, DoorDash

Zoetis

  • Q1 2022 earnings launch earlier than the open; convention name at 8:30 a.m. ET
  • Projected EPS: $1.23
  • Projected income: $1.98 billion

Cramer stated he is assured the corporate will report nice numbers.

DoorDash

  • Q1 2022 earnings launch after the shut; earnings name at 5 p.m. ET
  • Projected loss: lack of 21 cents per share
  • Projected income: $1.38 billion

“If DoorDash does not beat handily, it is a ‘lookout beneath,'” Cramer stated.

Friday: Beneath Armour

Beneath Armour 

  • Q5 2022 (transition quarter) earnings launch at 6:55 a.m. ET; convention name at 8:30 a.m. ET
  • Projected EPS: n/a
  • Projected income: n/a

Cramer stated he plans to hearken to the decision however believes Lululemon is the reigning winner within the trade.

Disclosure: Cramer’s Charitable Belief owns shares of AMD.

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