As earnings season continues, CNBC’s Jim Cramer on Friday guided investors through next week’s Wall Street, highlighting the following companies’ quarterly reports: Netflix, intel, capital one financial and mccormick.
“The second week of earnings season is a very strange week that’s as light as next week is heavy,” Kramer said. “I think, except in a few cases, it’s best to just put the bat on your shoulder and hope you can pitch better.”
Tuesday brings gains from home builders. DR Horton, 3M, Netflix and united airlines. Homebuilders have been disappointed so far during earnings season, Kramer said. But he added that “green shoots” are starting to appear in the housing sector. The conglomerate 3M has been “quietly surprising people this year,” said Cramer, who said he likes the stock ahead of the quarter. He said he is waiting to hear Netflix’s opinion on why it should be acquired. warner bros discoverywe also explain why we’re willing to pay billions of dollars for the company. Cramer also recommended buying United ahead of this quarter, showing that the post-COVID travel theme remains important.
on wednesday, johnson & johnson and charles schwab will be reporting, and Cramer said these two stocks are “hard to beat.” Kramer praised Johnson & Johnson’s move to become primarily a pharmaceutical company. He acknowledged that the company is still dealing with lawsuits related to its talc products, but suggested they would not have a significant impact on the stock price. Kramer said Schwab has become “a big chunk of a huge pool of money” as older generations transfer wealth to younger generations.
On Thursday, the PCE price index, a key inflation measure, will be released, and Cramer said it would show a “subdued set of numbers.” procter and gamble, ge aerospace and freeport mcmorran I will also report on the day. Kramer said he doesn’t expect a great quarter from Procter & Gamble, but he likes the company’s brand and its new CEO. He also praised GE Aerospace and said he expected the company to report a strong quarter due to its large backlog of aircraft orders. Mr. Kramer said he believes copper and gold are “very hot” and that Freeport-McMoRan is likely to see “good money coming in.”
Intel, Capital One, intuitive surgery and McCormick are also scheduled to report earnings on Thursday. Cramer suggested that Intel stock has performed well since CEO Lip Vu Tan took over last year. However, given the competitive nature of the semiconductor sector, Intel’s earnings may not be large enough, he continued, adding that the stock price needs a break after a significant rally. Mr. Kramer said he expected Capital One to provide more details about its acquisition of Credit Card Name Discovery and its large stock buyback. Kramer suggested the Intuitive Surgical report could be the “only big surprise blowout” of the week. Food stocks have been struggling recently, he continued. Although Kramer likes McCormick, he expressed uncertainty about the quarter.
on friday, S.L.B. Publish quarterly report. Cramer said it will be difficult for SLB to hit big numbers given low oil prices.
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