Cramer’s week ahead: the earnings season is accelerating

Jim Cramer

Scott Mlyn | CNBC

CNBC’s Jim Cramer said Friday that the “real earnings” season will begin on Monday, after major banks released their quarterly results earlier this week.

“In fact, we will get the impact of both inflation and reopening,” he told Mad Money. “I think the former is a big negative, but the latter is so positive that the ball can stay in the air, ready for beautiful things on the net and on the floor.”

Cramer gave his game plan for next week. Earnings-per-share projections are based on FactSet estimates:

Monday: Coca-Cola, United Airlines, IBM

Tuesday: Abbott Laboratories, Johnson & Johnson, Procter & Gamble, Netflix

Wednesday: Verizon, Lam Research, Chipotle

Thursday: Union Pacific, Dow, Danaher, Nucor, Berea Intel Boston

Union Pacific

  • Launch earnings for the first quarter 2021: 8 in the morning; phone call: 8:45
  • Designed EPS: $ 2.06
  • Projected revenue: $ 5.05 billion

“I think Union Pacific will tell a story of doing more with less, which is efficiency in abundance,” Cramer said.

Dow

  • Launch earnings for the first quarter of 2021: 6 in the morning; phone call: 8 in the morning
  • Designed EPS: $ 1.12
  • Projected revenue: $ 11.09 billion

“If PPG is a guide last night, it should bring some amazing numbers, allowing the stock to come out up to $ 70,” he said.

Danaher

  • Launch earnings for the first quarter of 2021: 6 in the morning; phone call: 8 in the morning
  • Designed EPS: $ 1.76
  • Projected revenue: $ 6.29 billion

“I can’t wait to see how well they do,” said the host. “I expect a fantastic quarter.”

Nucor

  • Launch of earnings for the first quarter of 2021: TBD; conference call: 14:00
  • Designed EPS: $ 3.05
  • Projected revenue: $ 7.18 billion

“We are in an inflationary era, whether it is transitory or not, so Nucor should bring in some incredible numbers,” he said.

Intel

  • Launch of earnings for the first quarter of 2021: by market; phone call: 17:00
  • Designed EPS: $ 1.14
  • Projected revenue: $ 17.78 billion

“I think Pat does a great job inspiring people both inside and outside this great institution,” Cramer said. “If the stock is hit, I’d be a buyer. Gelsinger can’t turn Intel’s battleship into money, but it will be turned.”

Boston beer

  • Launch of earnings for the first quarter of 2021: 16:00; phone call: 17:00
  • Designed EPS: $ 2.55
  • Projected revenue: $ 477 million

“I think shorts will lean on Boston Beer, as they always do, because [spiked seltzer] competition, “he said.” My opinion? The category is growing so fast that Sam Adams’ father should do well, thank you. “

Friday: Honeywell, American Express

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