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
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.
- 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
- Q3 2021 earnings before the open; conference call at 8:30 a.m. Tuesday
- Projected EPS: 61 cents
- Projected sales: $16.34 billion
While shares of Albertsons have pulled back from their recent highs, Cramer said he thinks the grocery chain’s stock has more room to run. He suggested that investors who are interested in owning the stock buy some Monday ahead of Tuesday’s quarterly print.
- Virtual fireside chat at 3:30 p.m. ET Tuesday
Chairman and CEO Michael Dell is set to speak at Bank of America’s View from the Top CEO Series, and Cramer said he’s interested to hear the executive’s outlook now that Dell completed its spin-off of VMWare. Cramer said he personally believes the future is bright, recommending investors buy shares before and after Tuesday’s scheduled presentation.
Wednesday: KB Home earnings
- Q4 2021 earnings after the close; conference call at 5 p.m. ET Wednesday
- Projected EPS: $1.77
- Projected revenue: $1.71 billion
Investors are closely watching the impact that higher interest rates have on mortgage rates and, by extension, demand for homes, Cramer said. He said he thinks KB Home’s stock could move higher if it reports Wednesday because he expects strong results.
Thursday: Delta Air Lines earnings
- Q4 2021 earnings before the bell; conference call at 10 a.m. ET Thursday
- Projected EPS: 13 cents
- Projected revenue: $8.86 billion
Cramer said investors will be focusing less on how Delta’s business has been and more on how the company expects it to be as the Covid pandemic progresses.
“Do they think business travelers will come back? Can they staff their planes sufficiently? Are fares going higher?” Cramer asked rhetorically. “While I like Disney for my charitable trust and think that American Express can keep running, I’m skeptical about how far Delta’s stock can go in this environment.”
Friday: Earnings from Wells Fargo, JPMorgan, BlackRock and Citigroup
- 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.
- 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.
- 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.
- 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.
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Disclosure: Cramer’s charitable belief owns shares of Wells Fargo and Disney.