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CNBC’s Jim Cramer is raring to start focusing again on the inventory market, however the cryptocurrency craze remains to be capturing Wall Road’s consideration.
He expects that bitcoin and different speculative cash will proceed to be high of thoughts, and the large declines being witnessed in crypto markets will drag on shares. This might create shopping for alternatives for traders in shares as one other packed week of earnings rolls by.
“All in all, this can be a traditionally gradual week, however there are sufficient new corporations reporting that it is now jam-packed,” Cramer, discussing his sport plan for subsequent week, mentioned on “Mad Cash” Friday.
The week forward will shut out buying and selling for the month. Except the Dow Jones Industrial Common, the main U.S. indexes are down month thus far. The tech-heavy Nasdaq Composite is down 3.5% in Might, whereas the S&P 500 has misplaced 0.6% over that point interval. The Dow is up about 1% in Might.
Cramer gave viewers a preview of the upcoming company earnings experiences he has circled on his calendar.
“Perhaps, simply possibly, that may overshadow bitcoin, so long as Elon Musk can hold his mouth shut about crypto,” he mentioned.
Projections for income and earnings per share are based mostly on FactSet estimates:
Monday: Lordstown Motors earnings
- Q1 2021 earnings release: after market; conference call: 4:30 p.m.
- Projected losses per share: 28 cents
- Projected revenue: $0
“Right now, this market despises all the pre-revenue SPAC plays because they burned people so badly over the last few months,” Cramer said. “Lordstown’s stock’s down roughly 70% from its highs. I don’t know how they can get their mojo back, but, you know, maybe they’ll surprise me.”
Tuesday: Autozone, Intuit, Toll Brothers earnings
- Fiscal Q3 2021 earnings release: before market; conference call: 10 a.m.
- Projected EPS: $20.13
- Projected revenue: $3.27 billion
“This is a very reliable company, so you can get in the zone both before and after earnings,” Cramer said.
Intuit
- Fiscal Q3 2021 earnings release: after market; conference call: 4:30 p.m.
- Projected EPS: $6.51
- Projected revenue: $4.42 billion
“Intuit’s stock hit an all-time high today,” he said. “I don’t think that’s going to deter buyers.”
Toll Brothers
- Fiscal Q2 2021 earnings release: after market; conference call: Wednesday, 8:30 a.m.
- Projected EPS: 80 cents
- Projected revenue: $1.78 billion
“If Toll tells a story of strong orders and … expanding gross margins, I think the stock can get its groove back,” the host said. “But everything has to be perfect, including assurances from management that lumber and appliance costs are indeed under control.”
Wednesday: Dick’s Sporting Goods, American Eagle Outfitters, Williams-Sonoma, Nvidia, Snowflake, Okta, Workday earnings
- Q1 2021 earnings release: before market; conference call: Wednesday, 8:30 a.m.
- Projected EPS: $1.16
- Projected revenue: $2.2 billion
“I bet they deliver astounding numbers because all sorts of sporting goods are in short supply as Americans venture outdoors en masse,” Cramer said.
American Eagle Outfitters
- Q1 2021 earnings release: 4:15 p.m.; conference call: 4:30 p.m.
- Projected EPS: 46 cents
- Projected revenue: $1.02 billion
“I think we could see similar strength from American Eagle, as it’s currently the hottest apparel chain on earth,” he said.
Williams-Sonoma
- Q1 2021 earnings release: after market; conference call: 5 p.m.
- Projected EPS: $1.72
- Projected revenue: $1.5 billion
“I expect great numbers, but it’s been tagged as a stay-at-home stock of late, which is the kiss of death in this post-pandemic market,” the host said.
Nvidia
- Fiscal Q1 2022 earnings release: after market; conference call: 5 p.m.
- Projected EPS: $3.28
- Projected revenue: $5.39 billion
“I think the chipmaker has a lot going for it, but I still want to hear how confident they feel about getting regulatory permission for the Arm Holdings acquisition,” he said.
Snowflake
- Fiscal Q1 2022 earnings release: after market; conference call: 5 p.m.
- Projected losses per share: 16 cents
- Projected revenue: $360 million
Okta
- Fiscal Q1 2022 earnings release: after market; conference call: 5 p.m.
- Projected losses per share: 12 cents
- Projected revenue: $309 million
“They’re two of the fastest-growing companies on earth,” Cramer said. “I expect great numbers from both, but you should only buy them if you think this market will change its attitude toward high-flying growth names that don’t trade on earnings — they trade on sales.”
Workday
- Fiscal Q1 2022 earnings release: after market; conference call: 4:30 p.m.
- Projected EPS: 73 cents
- Projected revenue: $1.16 billion
“Workday should deliver still one more stunning quarter as they use cloud-software to automate back-office jobs in human resources and finance,” he said.
Thursday: Best Buy, Dollar General, Dollar Tree, Medtronic, Gap, Ulta Beauty, Costco, Salesforce, Dell earnings
- Fiscal Q1 earnings release: 7 a.m.; conference call: 8 a.m.
- Projected EPS: $1.36
- Projected revenue: $10.32 billion
Dollar General
- Fiscal Q1 earnings release: TBD; conference call: 10 a.m.
- Projected EPS: $2.13
- Projected revenue: $8.16 billion
Dollar Tree
- Q1 2021 earnings release: TBD; conference call: 5 p.m.
- Projected EPS: $1.40
- Projected revenue: $6.4 billion
“I like all three and think they’re good stimulus plays, but their stocks have become awfully controversial and I don’t really care for controversy,” Cramer said. “There are easier ways to make money.”
Medtronic
- Fiscal Q4 2021 earnings release: 6:45 a.m.; conference call: 8 a.m.
- Projected EPS: $1.42
- Projected revenue: $8.14 billion
“I bet they report a stellar number because its medical devices are being installed in record numbers post-pandemic,” he said. “There’s a lot of pent-up demand from people who delayed surgery until they could get vaccinated.”
Gap
- Q1 earnings release: 4:15 p.m.; conference call: 5 p.m.
- Projected losses per share: 6 cents
- Projected revenue: $3.41 billion
“Gap is very much back, something you can tell if you visit their stores: crisp, clean and reasonable prices,” the host said.
Ulta Beauty
- Q1 2021 earnings release: after market; conference call: 4:30 p.m.
- Projected EPS: $1.95
- Projected revenue: $1.65 billion
“Ulta’s a big winner once everyone can take their masks off,” he said.
Costco
- Fiscal Q3 2021 earnings release: 4:15 p.m.; conference call: 5 p.m.
- Projected EPS: $2.31
- Projected revenue: $43.64 billion
“Costco has a tendency to run up into the quarter and then sell off immediately even if the numbers are great. Doesn’t matter what they print,” Cramer said. “I love Costco the store, I love Costco the stock … but you don’t want to buy it until after you see the results — let this one come to you.”
Salesforce
- Fiscal Q1 2022 earnings release: after market; conference call: 5 p.m.
- Projected EPS: 88 cents
- Projected revenue: $5.89 billion
“Salesforce reported a barnburner last time and nobody seemed to care, maybe because they still need to close the Slack acquisition,” he said.
Dell
- Q1 2022 earnings release: 5:30 p.m.; conference call: 5:30 p.m.
- Projected EPS: $1.71
- Projected revenue: $23.80 billion
“You can buy it ahead of time because [CEO] Michael Dell’s going to tell a fantastic story,” the host said. “I bet they’ll have a terrific quarter.”
Friday: Big Lots, Hibbett Sports earnings
- Fiscal Q1 2021 earnings release: TBD; conference call: 8 a.m.
- Projected EPS: $1.69
- Projected revenue: $1.54 billion
Hibbett Sports
- Q1 2022 earnings release: after market; conference call: 5 p.m.
- Projected EPS: $2.56
- Projected revenue: $404 million
“I’m betting both will be terrific,” Cramer said.
Disclosure: Cramer’s charitable trust owns shares of Salesforce, Nvidia and Costco.
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