Jim Cramer of CNBC, marking the end of the revenue season, said on Friday that the list of major reports of companies in recent weeks was “much better than anyone expected.”
The results revealed, he said, that investors have a number of investment opportunities, with the exception of any speculative transaction that has recently confused Wall Street professionals.
The comments come after major US averages rose in Friday’s session, turning weeks backwards into gains that took the market to new highs. The Dow Jones industrial average rose 1% more this week to close at 3,458.40, and the S&P 500 rose 1.23% to 3,934.83. The technically strong Nasdaq Composite muzzle won, rising 1.7% more to 14,095.47.
After closing, Cramer said market activity has become less volatile after several weeks of high trading.
“I like the normal, because if we are not careful, a good part of this market could be directed on the highway to the danger zone,” said the host of “Crazy Money”. “A day with less foam, like today, is a day when the rally feels more sustainable. But if the cohort of cannabis and short-busters and the incredible pumping and unloading I see on the web are back, you know that Va I have to become more negative. “
Cramer gave his game plan for next week. Earnings-per-share projections are based on FactSet estimates:
Tuesday: CVS Health, Zoetis, Ring Central and Western earnings
- Q4 earnings launch: ahead of the market; phone call: 8:45
- Designed EPS: $ 1.24
- Projected revenue: $ 68.73 billion
“CVS has been challenged as a drug store by Amazon and challenged on the health insurance side by a number of competitors,” Cramer said. “If [CEO Karen] Lynch can increase numbers and support some solid traffic projections … I could see how the stock finally gets the traction it deserves. “
Zoetis
- Q4 earnings launch: ahead of the market; phone call: 8:30 am
- Designed EPS: 86 cents
- Projected revenue: $ 1.74 billion
“I think you’ll see another round of gains in humanizing pet stocks,” he said.
RingCentral
- Launch of Q4 earnings: by market; phone call: 17:00
- Designed EPS: 27 cents
- Projected revenue: $ 318 million
“RingCentral makes call center software, but they also have a video conferencing platform that competes with Zoom and grows well,” the host said. “The company is aggressive and growing fast.”
Western oil
- Launch of Q4 earnings: by market; conference call: Wednesday, 11 am
- Projected losses per share: 58 cents
- Projected revenue: $ 4.32 billion
“Many predict that the long bear oil market is over. I’m not so sure about that – too much on offer – but if you think, no one is more optimistic about oil than Western CEO Vicki Holub,” he said. he said.
Wednesday: Shopify, Twilio, Fastly, Pioneer Natural Resources and Boston Beer earnings
- Launch of Q3 2021 revenue: 6 in the morning; phone call: 8:30 am
- Designed EPS: $ 1.26
- Projected revenue: $ 913 million
Twilio
- Launch of Q4 earnings: by market; phone call: 17:00
- Projected losses per share: 8 cents
- Projected revenue: $ 455 million
“I bet two of them offer stellar, amazing neighborhoods,” Cramer said.
Quick
- Launch of Q4 earnings: by market; phone call: 17:00
- Projected losses per share: 11 cents
- Projected revenue: $ 82 million
“They regained their credibility after a major shortage in October,” he said. “I think the problems are behind them.”
Pioneer natural resources
- Launch of Q4 earnings: by market; conference call: Thursday, 9 am
- Designed EPS: 70 cents
- Projected revenue: $ 1.89 billion
“I don’t recommend many oil companies these days, but if you put a gun to my head to make me choose, I’d say, ‘Please put the gun down and go buy Pioneer,'” the host said.
Boston beer
- Winning Q4: 16:15; phone call: 17:00
- Designed EPS: $ 2.63
- Projected revenue: $ 453 million
“If another company gets into this seltzer business, will it be too much for them to handle?” he said. “I bet you can still get a good quarter here, but don’t get upset when you have guns like those guys. The ground gets crowded.”
Thursday: Walmart, Barrick Gold, Applied Materials, Roku, Sales Office
- Launch earnings for Q4 2021: 7 in the morning; phone call: 8 in the morning
- Designed EPS: $ 1.51
- Projected revenue: $ 148.26 billion
“I want to hear about some initiatives and benchmarks that show us that Walmart is still hungry,” Cramer said.
Barrick Gold
- Q4 earnings launch: 6 in the morning; phone call: 11:00
- Designed EPS: 31 cents
- Projected revenue: $ 3.25 billion
“I know CEO Dr. Mark Bristow will take a look at the only real growth and revenue game in the industry that I trust,” he said. “It’s a pre-quarter buy if you like gold.”
Applied materials
- Earnings launch for the first quarter of 2021: 16:01; phone call: 16:30
- Designed EPS: $ 1.28
- Projected revenue: $ 4.97 billion
“The stock has gathered like crazy because of [chip] missing, but I think things are good enough for him to keep going up, especially since the Biden White House seems to recognize the scale of the problem, “the host said.
Year
- Launch of Q4 earnings: by market; phone call: 17:00
- Projected losses per share: 6 cents
- Projected revenue: $ 615 million
Commercial office
- Launch of Q4 earnings: by market; phone call: 17:00
- Designed EPS: $ 1.88
- Projected revenue: $ 292 million
“These companies are capable of cutting cables, which are designed for the new world of wireless viewing and advertising. Everyone is wondering when their earnings will stop,” he said. “I wonder why anyone would expect to stop when it took decades for cable to replace traditional television.”
Friday: Deere and Magna gains
- Launch of earnings for the first quarter of 2021: before the market; phone call: 10 in the morning
- Designed EPS: $ 2.12
- Projected revenue: $ 7.14 billion
“I bet Deere tells a story of higher commodity prices, which has order books full of tractors,” Cramer said.
Magna
- Q4 earnings launch: ahead of the market; phone call: 8 in the morning
- Designed EPS: $ 2.58
- Projected revenue: $ 13.03 billion
“We have a hot car market, they are the best assemblers, and these guys also assemble cars for convincing electric vehicle players like Fisker,” he said.
Disclosure: The Cramer Charity Trust owns shares in CVS Health and Walmart.
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