‘Odd time’ for markets but earnings matter again

'Odd time' for markets but earnings matter again


CNBC’s Jim Cramer on Friday outlined his sport plan for subsequent week after Wall Road concluded its first 5 buying and selling periods of 2022.

The “Mad Cash” host mentioned it is “a little bit of an odd time” for markets proper now, “nearly as if many shares need to take their drugs after which get again on observe. “

“This week we noticed the unprofitable techs get a drubbing, which then unfold into the extra mature, worthwhile ones,” Cramer mentioned. Nevertheless, he added, “it is a heck of quite a bit simpler to purchase the inventory of a longtime firm that is really creating wealth. Yep, earnings are what issues once more, tangible GAAP earnings.”

Here is what Cramer is waiting for subsequent week. All income and earnings estimates are from FactSet.

Jim Cramer’s sport plan for the buying and selling week of Jan. 10.

Mad Cash with Jim Cramer

Monday: JPMorgan Well being Care Convention and Tilray earnings

JPMorgan Health Care Conference

Now in its fortieth 12 months, the JPMorgan Well being Care Convention is a massively influential occasion, Cramer mentioned, explaining that firm shows made there are recognized to maneuver shares. The digital convention begins Monday and lasts by means of Thursday.

Tilray

  • Q2 2022 earnings earlier than the bell; convention name at 8:30 a.m. ET Monday
  • Projected loss: Lack of 7 cents per share
  • Projected income: $200 million

Tuesday: Albertsons earnings and Dell Applied sciences investor assembly

Wednesday: KB Home earnings

Thursday: Delta Air Lines earnings

Friday: Earnings from Wells Fargo, JPMorgan, BlackRock and Citigroup

Wells Fargo

  • Q4 2021 earnings before the bell; conference call at 10 a.m. ET Friday
  • Projected EPS: $1.10
  • Projected revenue: $18.67 billion

Cramer, whose charitable trust has a sizable position in Wells Fargo, said he believes the bank is going to have a strong 2022. However, he acknowledged the stock is off a hot start, up roughly 14% year to date already. He said it’s not clear that pace can continue, but future pullbacks may present buying opportunities.

JPMorgan

  • Q4 2021 earnings before the open; conference call at 8:30 a.m. ET Friday
  • Projected EPS: $3.00
  • Projected revenue: $29.85 billion

CEO Jamie Dimon “tends to be very optimistic, but also mixes in a few Molotov’s along with his otherwise easy-to-down economic cocktails,” Cramer said.

BlackRock

  • Q4 2021 earnings before the bell; conference call at 8:30 a.m. ET Friday
  • Projected EPS: $10.10
  • Projected revenue: $5.12 billion

Cramer said he expects a strong quarter, adding that he’s looking forward to hearing insights into the company, the market and the economy from BlackRock CEO Larry Fink.

Citigroup

  • Q4 2021 earnings before the open; conference call at 11 a.m. ET Friday
  • Projected EPS: $1.55
  • Projected revenue: $16.92 billion

Cramer said he’s watching to see if CEO Jane Fraser can offer commentary that’s optimistic enough to move Citigroup’s stock higher, allowing it to catch up with some peers. Additionally, he said he’s looking for more information about Citi pausing its share repurchase program in December.

Enroll now for the CNBC Investing Membership to observe Jim Cramer’s each transfer out there.

Disclosure: Cramer’s charitable belief owns shares of Wells Fargo and Disney.



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