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CNBC’S Jim Cramer mentioned Friday that buyers are getting a possibility to purchase shares of high-quality firms after a troublesome day of buying and selling on Wall Avenue to shut out the month.
The main averages all fell lower than 1% within the remaining session of April, making it a dropping week for each the Dow Jones Industrial Common and the Nasdaq Composite.
Contemplating the complete month, the Dow rose 2.71% whereas the S&P 500 and Nasdaq superior greater than 5% as buyers digested company earnings experiences.
“As we head into subsequent week … do not forget that this earnings season has very excessive requirements,” the “Mad Cash” host mentioned. “Preserve your eyes peeled for extra shares that would get crushed within the wake of nice quarters, after which do some shopping for.”
Cramer gave his sport plan for the week forward. Earnings-per-share projections are based mostly on FactSet estimates:
Monday: Estee Lauder, Diamondback Power earnings
- Q3 2021 earnings release: before market; conference call: 9:30 a.m.
- Projected EPS: $1.32
- Projected revenue: $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 said.
Diamondback Energy
- Q1 2021 earnings release: after market; conference call: Tuesday, 9:00 a.m.
- Projected EPS: $1.81
- Projected revenue: $1.04 billion
“We’ve had some real disappointments today 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 said.
Tuesday: Pfizer, CVS, DuPont, AT&T, T-Mobile earnings
- Q1 2021 earnings release: before market; conference call: 10 a.m.
- Projected EPS: 78 cents
- Projected revenue: $13.65 billion
“I think Pfizer’s a good stock, solid management, excellent, safe dividend yield,” Cramer said. “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 release: before market; conference call: 8 a.m.
- Projected EPS: $1.73
- Projected revenue: $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 said. “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 release: TBD; conference call: 8 a.m.
- Projected EPS: 75 cents
- Projected revenue: $3.85 billion
“I bet it’s ready to have a bang-up quarter,” the host said.
T-Mobile
- Q1 2021 earnings release: 4:05 p.m.; conference call: 4:30 p.m.
- Projected EPS: 54 cents
- Projected revenue: $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 said.
Wednesday: General Motors, Scotts Miracle-Gro, PayPal, Twilio earnings
- Q1 2021 earnings release: 7:30 a.m.; conference call: 10 a.m.
- Projected EPS: $1.05
- Projected revenue: $33 billion
“Its stock has already been seasoned thanks to the pin action from Ford earlier this week,” Cramer said. “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 release: before market; conference call: 9:00 a.m.
- Projected EPS: $5.48
- Projected revenue: $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 said. “Plus, Scotts can give us a sense of how strong the at-home cannabis market is.”
PayPal
- Q1 2021 earnings release: after market; conference call: 5 p.m.
- Projected EPS: $1.01
- Projected revenue: $5.91 billion
Twilio
- Q1 2021 earnings release: after market; conference call: 5 p.m.
- Projected loss per share: 10 cents
- Projected revenue: $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 said. “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
- Q1 earnings release: before market; conference call: 8:30 a.m.
- Projected EPS: $1.22
- Projected revenue: $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 said.
Regeneron
- Q1 2021 earnings release: before market; conference call: 8:30 a.m.
- Projected EPS: $8.74
- Projected revenue: $2.53 billion
“The health complex in Washington has not been kind to Regeneron,” he said.
Penn National Gaming
- Q1 2021 earnings release: 7:00 a.m.; conference call: 9:00 a.m.
- Projected EPS: 26 cents
- Projected revenue: $1.14 billion
“Gambling’s been on a real run here, momentum,” the host said. “Has the partnership with Barstool brought in the gamblers that I think they have? I bet the numbers are good.”
Roku
- Q1 2021 earnings release: after market; conference call: 5 p.m.
- Projected loss per share: 15 cents
- Projected revenue: $492 million
Peloton
- Q3 2021 earnings release: after market; conference call: 5 p.m.
- Projected loss per share: 12 cents
- Projected revenue: $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 said “Their winning might not translate into higher stock prices.”
AMC Entertainment
- Q1 2021 earnings release: after market; conference call: 5 p.m.
- Projected loss per share: $1.37
- Projected revenue: $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 said.
Disclosure: Cramer’s charitable trust owns shares of DuPont de Nmours.
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