Jim Cramer’s week ahead: ‘This earnings season has very high standards’

Jim Cramer’s week ahead: ‘This earnings season has very high standards’ [ad_1]

CNBC’S Jim Cramer stated Friday that traders are getting a chance to purchase shares of high-quality firms after a tricky day of buying and selling on Wall Street to shut out the month.

The main averages all fell lower than 1% within the remaining session of April, making it a shedding week for each the Dow Jones Industrial Average and the Nasdaq Composite.

Considering the complete month, the Dow rose 2.71% whereas the S&P 500 and Nasdaq superior greater than 5% as traders digested company earnings experiences.

“As we head into next week … remember that this earnings season has very high standards,” the “Mad Money” host stated. “Keep your eyes peeled for more stocks that could get crushed in the wake of great quarters, and then do some buying.”

Cramer gave his sport plan for the week forward. Earnings-per-share projections are based mostly on FactSet estimates:

Monday: Estee Lauder, Diamondback Energy earnings

Estee Lauder

  • Q3 2021 earnings launch: earlier than market; convention name: 9:30 a.m.
  • Projected EPS: $1.32
  • Projected income: $3.94 billion

“This company, led by the bankable Fabrizio Freda, put up some incredible numbers last time. I suspect we’re going to get another blowout,” Cramer stated.

Diamondback Energy

  • Q1 2021 earnings launch: after market; convention name: Tuesday, 9:00 a.m.
  • Projected EPS: $1.81
  • Projected income: $1.04 billion

“We’ve had some actual disappointments as we speak from Chevron and Exxon, despite crude’s recent jaunt to $65, so let’s see what they do with the fastest grower in the oil patch,” he stated.

Tuesday: Pfizer, CVS, DuPont, AT&T, T-Mobile earnings

Pfizer

  • Q1 2021 earnings launch: earlier than market; convention name: 10 a.m.
  • Projected EPS: 78 cents
  • Projected income: $13.65 billion

“I think Pfizer’s a good stock, solid management, excellent, safe dividend yield,” Cramer stated. “Given that the drug stocks have become the big disappointment of this earnings season, you might want to wait to see what happens before you pull the trigger.”

CVS

  • Q1 2021 earnings launch: earlier than market; convention name: 8 a.m.
  • Projected EPS: $1.73
  • Projected income: $68.36 billion

“I think that new CEO Karen Lynch has a good story to tell … but if you read through the entire Amazon letter last night, as I did, you’d know that they’re gunning for the drugstores,” he stated. “That’s going to make it a tough slog. You never, ever want to compete against Amazon if you can avoid it.”

DuPont de Nemours

  • Q1 2021 earnings launch: TBD; convention name: 8 a.m.
  • Projected EPS: 75 cents
  • Projected income: $3.85 billion

“I bet it’s ready to have a bang-up quarter,” the host stated.

T-Mobile

  • Q1 2021 earnings launch: 4:05 p.m.; convention name: 4:30 p.m.
  • Projected EPS: 54 cents
  • Projected income: $18.73 billion

“T-Mobile’s been the best investment in the group if you want capital appreciation. That’s not going to change,” he stated.

Wednesday: General Motors, Scotts Miracle-Gro, PayPal, Twilio earnings

General Motors

  • Q1 2021 earnings launch: 7:30 a.m.; convention name: 10 a.m.
  • Projected EPS: $1.05
  • Projected income: $33 billion

“Its stock has already been seasoned thanks to the pin action from Ford earlier this week,” Cramer stated. “I think GM’s in better shape when it comes to chips, meaning the stock might be worth buying before the quarter.”

Scotts Miracle-Gro

  • Q2 2021 earnings launch: earlier than market; convention name: 9:00 a.m.
  • Projected EPS: $5.48
  • Projected income: $1.69 billion

“It’s one of those hobbies like boating that exploded during the pandemic period and I think carries over into this season,” he stated. “Plus, Scotts can give us a sense of how strong the at-home cannabis market is.”

PayPal

  • Q1 2021 earnings launch: after market; convention name: 5 p.m.
  • Projected EPS: $1.01
  • Projected income: $5.91 billion

Twilio

  • Q1 2021 earnings launch: after market; convention name: 5 p.m.
  • Projected loss per share: 10 cents
  • Projected income: $533 million

“Both companies are incredible, but their stocks have been erratic because secular growth stories are out of style in the Wall Street fashion show right now,” the host stated. “If you like them, I recommend buying some before the quarter and some after to be sure you get the best basis.”

Thursday: ViacomCBS, Regeneron, Penn National Gaming, Roku, Peloton, AMC Entertainment earnings

ViacomCBS

  • Q1 earnings launch: earlier than market; convention name: 8:30 a.m.
  • Projected EPS: $1.22
  • Projected income: $7.33 billion

“We don’t really know where Viacom’s stock deserves to trade, given that it was bid up to more than twice where it is now by a foolish hedge fund, Archegos, and then when that fund collapsed, so did this stock,” Cramer stated.

Regeneron

  • Q1 2021 earnings launch: earlier than market; convention name: 8:30 a.m.
  • Projected EPS: $8.74
  • Projected income: $2.53 billion

“The health complex in Washington has not been kind to Regeneron,” he stated.

Penn National Gaming

  • Q1 2021 earnings launch: 7:00 a.m.; convention name: 9:00 a.m.
  • Projected EPS: 26 cents
  • Projected income: $1.14 billion

“Gambling’s been on a real run here, momentum,” the host stated. “Has the partnership with Barstool brought in the gamblers that I think they have? I bet the numbers are good.”

Roku

  • Q1 2021 earnings launch: after market; convention name: 5 p.m.
  • Projected loss per share: 15 cents
  • Projected income: $492 million

Peloton

  • Q3 2021 earnings launch: after market; convention name: 5 p.m.
  • Projected loss per share: 12 cents
  • Projected income: $1.12 billion

“We’ve adjusted our habits and will keep doing some of this stuff when the pandemic’s over, but these two [stocks] are two of the most expensive stocks in the entire market,” Cramer stated “Their winning might not translate into higher stock prices.”

AMC Entertainment

  • Q1 2021 earnings launch: after market; convention name: 5 p.m.
  • Projected loss per share: $1.37
  • Projected income: $156 million

“It’s got so much stock for sale that I don’t think it can rally, even as the reopening will save the business,” he stated.

Disclosure: Cramer’s charitable belief owns shares of DuPont de Nmours.

Disclaimer

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