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CNBC’s Jim Cramer on Friday appeared forward to subsequent week’s key market occasions after the S&P 500 notched its seventh consecutive day of positive factors to shut at a record-high 4,697.53.
“We have to see if this rosy motion can maintain up via subsequent week, a interval that traditionally tends to provide some ugly sell-offs. … But when the earnings keep robust, nicely, I believe the inventory market can keep robust, too,” Cramer mentioned.
Here is what the “Mad Cash” host shall be preserving his eyes on. All income and earnings per share estimates are from FactSet.
Jim Cramer’s recreation plan for the buying and selling week of Nov. 8.
Mad Cash with Jim Cramer
Monday: Earnings from PayPal and AMC Leisure; occasions from AMD and Nvidia
PayPal
- Q3 earnings after the bell; convention name at 5 p.m. ET Monday
- Projected EPS: $1.07
- Projected income: $6.23 billion
Cramer mentioned proudly owning PayPal for his charitable belief has thus far been “a catastrophe,” because the inventory has been crushed lately. “Dan Schulman, the CEO, already warned us that this might be a troublesome quarter due to PayPal’s last separation from eBay, but it surely’s already down greater than 80 factors, which to me appears overdone,” Cramer mentioned.
AMC Leisure
- Q3 outcomes after the shut; convention name at 5 p.m. ET Monday
- Projected EPS: lack of 53 cents
- Projected income: $708 million
It is exhausting to worth AMC now that it is a meme inventory with a really passionate group of retail traders who personal it, Cramer mentioned. “I guess CEO Adam Aron will do an excellent job on the decision, and the person traders will purchase much more, so the inventory will dangle in as a result of he is aware of give his shareholder base what it desires,” he mentioned.
AMD
- Accelerated knowledge heart premiere 11 a.m. ET Monday
Cramer mentioned he expects AMD CEO Lisa Su to inform an excellent story at Monday’s occasion. “I believe AMD is nicely on its technique to eclipsing Intel in market capitalization. … How the mighty have fallen,” he mentioned.
Nvidia
- The semiconductor firm’s annual GPU Know-how Convention on Monday via Thursday
“Be ready to be dazzled,” Cramer mentioned.
Tuesday: Wynn Resorts, Upstart Holdings, Coinbase and DoorDash
Wynn Resorts
- Q3 outcomes after the bell; convention name at 4:30 p.m. ET Tuesday
- Projected EPS: Lack of $1.36
- Projected income: $943 million
Cramer mentioned he is in Wynn Resorts for the lengthy haul, believing the “inventory will soar” as soon as enterprise within the gaming hub of Macau picks up in earnest. “Till then, ache,” he mentioned.
Upstart Holdings
- Q3 outcomes after the shut; convention name at 4:30 p.m. ET Tuesday
- Projected EPS: 33 cents
- Projected income: $214.9 million
The fintech agency makes use of synthetic intelligence to modernize the lending course of.
Coinbase
- Q3 outcomes after the bell; convention name at 5:30 p.m. ET Tuesday
- Projected EPS: $1.73
- Projected income: $1.57 billion
“The motion in cryptocurrency has been fairly thrilling of late, so that ought to ship Coinbase larger though it has been going up. That mentioned, they should drop the conceitedness. They have to get into chill mode,” Cramer mentioned.
DoorDash
- Q3 outcomes after the shut; convention name at 5 p.m. ET Tuesday
- Projected EPS: Lack of 10 cents
- Projected income: $9.96 billion
The energy of Uber’s food-delivery enterprise within the third quarter could also be a harbinger of robust outcomes from DoorDash, Cramer mentioned, suggesting the corporate might “blow the doorways off.”
Wednesday: Wendy’s, Dutch Bros, Walt Disney Co., and Mastercard assembly
Wendy’s
- Q3 outcomes earlier than the bell; convention name at 8:30 a.m. ET Wednesday
- Projected EPS: 18 cents
- Projected income: $471 million
Cramer mentioned he hopes Wendy’s, which he described as his favourite quick-serve restaurant chain, can report numbers that have been pretty much as good as McDonald’s newest outcomes.
Dutch Bros
- Q3 outcomes after the shut; convention name at 5 p.m. ET Wednesday
- Projected EPS: 6 cents
- Projected income: $125.2 million
The Oregon-based chain has proved to be one of many hottest preliminary public choices of the yr, Cramer mentioned. “This can be a terrific regional to nationwide progress story,” he mentioned, however steered he nonetheless has some valuation considerations in regards to the inventory.
Walt Disney Co.
- This autumn outcomes; convention name at 4:30 p.m. ET Wednesday
- Projected EPS: 52 cents
- Projected income: $18.8 billion
Cramer mentioned Disney’s report could also be “tough.” He famous a few of its theme parks have not been at full capability, and its slate of flicks is “good, not nice.” In the meantime, its flagship streaming service, Disney+, additionally “appears to be slowing,” he mentioned.
Mastercard
- Investor assembly kicks off at 8:30 a.m. ET Wednesday
Whereas the corporate’s inventory has been crushed recently, Cramer mentioned it is necessary to recollect Mastercard advantages from shopper spending and, crucially now, the resumption of cross-border journey.
Thursday: Tapestry and Yeti
Tapestry
- Q1 fiscal 2022 outcomes earlier than the bell; convention name at 8 a.m. ET Thursday
- Projected EPS: 70 cents
- Projected income: $1.44 billion
Cramer mentioned any constructive information from the mother or father firm of Coach and Kate Spade ought to assist push the inventory to a brand new 52-week excessive above $49.66 per share. The inventory closed Friday at $42.51.
Yeti
- Q3 earnings earlier than the open; convention name at 8 a.m. ET Thursday
- Projected EPS: 60 cents
- Projected income: $358 million
Cramer mentioned he believes the corporate, recognized for its insulated mugs and coolers, is greater than a pandemic winner.
Friday: AstraZeneca and Warby Parker
AstraZeneca
- Q3 earnings earlier than the bell; convention name at 7:45 a.m. ET Friday
- Projected EPS: £92.54
- Projected income: £7.04 billion
Of the businesses which have developed Covid vaccines, Cramer mentioned he believes “there are higher fish to fry” than AstraZeneca.
Warby Parker
- Q3 outcomes earlier than the open; convention name at 8 a.m. ET Friday
- CNBC
- Projected income: $133.1 million
Cramer mentioned he is desperate to be taught extra about Warby Parker within the glasses maker’s first quarterly outcomes as a public firm.
CORRECTION: This text has been up to date to right an misguided remark about Wells Fargo lately hiring fintech agency Upstart. It has not.
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