CNBC’s Jim Cramer on Friday previewed subsequent week’s earnings slate and different pivotal market occasions, together with congressional testimony from Federal Reserve chief Jerome Powell.
Given the calendar, the “Mad Money” host stated he believes Wall Avenue’s major focus will shift from Ukraine to the financial system, particularly value pressures.
“Fortuitously, even after at this time’s run, the averages stay considerably oversold, however sadly inflation is sky-high proper now,” Cramer stated.
All earnings and income estimates are courtesy of FactSet.
Jim Cramer’s sport plan for the buying and selling week of Feb. 28
Mad Cash with Jim Cramer
Monday: Workday, HP Inc. and Zoom Video
- This autumn 2022 earnings launch after the shut; convention name at 4:30 p.m. ET Monday
- Projected EPS: 71 cents
- Projected income: $1.36 billion
Cramer stated Workday’s “drawback” is its inventory is dear primarily based on earnings, so it could get hit even when its quarter is stable.
- Q1 2022 earnings launch after the bell; convention name at 5 p.m. ET Monday
- Projected EPS: $1.02
- Projected gross sales: $16.52 billion
Cramer stated buyers must be cautious with HP forward of the print as a result of its rival within the PC business, Dell Technologies, reported Thursday evening and was damage by provide chain points.
- This autumn 2022 earnings after the shut; convention name at 5 p.m. ET Monday
- Projected EPS: $1.11
- Projected income: $1.25 billion
“You need to be involved about their enterprise and whether or not it holds up because the pandemic recedes,” Cramer stated.
Tuesday: Goal, Kohl’s, Domino’s Pizza and Salesforce
- This autumn 2021 earnings earlier than the bell; convention name at 9 a.m. ET Tuesday
- Projected EPS: $2.85
- Projected income: $31.34 billion
Whereas Goal shares jumped 4% Friday, Cramer stated it is onerous to know which kind of retail story the corporate will inform when it studies. It is unclear whether or not it’s going to say that enterprise goes nice, or if it’s going to converse largely about provide chain and inflation challenges, Cramer stated.
- This autumn 2021 earnings earlier than the open; convention name at 9 a.m. ET Tuesday
- Projected EPS: $2.11
- Projected gross sales: $6.59 billion
Predicting Kohl’s quarter is much more troublesome than it’s for Goal, Cramer stated, noting the division retailer chain has been the target of takeover talks.
- This autumn 2021 earnings earlier than the bell; convention name at 10 a.m. ET Tuesday
- Projected EPS: $4.28
- Projected gross sales: $1.38 billion
Domino’s shares have been hit onerous in latest weeks, Cramer stated, just because its efficiency is seen as constant, not spectacular. “If Domino’s would not blow the numbers away this time I feel buyers will determine that it was merely a Covid winner, not a post-Covid winner, although it has a few years of going greater. I disagree. I do not make the principles, although,” he stated.
- This autumn 2022 earnings after the shut; convention name at 5 p.m. ET Tuesday
- Projected EPS: 75 cents
- Projected gross sales: $7.25 billion
Cramer stated he thinks the “relentless, ruthless promoting strain” on Salesforce’s inventory might have lastly ended Thursday. “I feel the dumping is overdone. I wager it makes the numbers,” stated Cramer, whose Charitable Belief owns the enterprise software program big.
Wednesday: Greenback Tree, Powell listening to, Okta and Snowflake
- This autumn 2021 earnings earlier than the bell; convention name at 9 a.m. ET Wednesday
- Projected EPS: $1.78
- Projected income: $7.12 billion
Cramer stated he is undecided why Greenback Tree usually is focused by activist buyers. Relatively, he stated he thinks the inventory “is a winner,” notably as a result of the tip of pandemic assist packages means some shoppers want to buy at extra discount-oriented retailers.
House Committee on Financial Services hearing
- Full committee meets at 10 a.m. ET Wednesday for a listening to on “Financial Coverage and the State of the Economic system”
Cramer stated he is not anticipating Powell to make any main coverage bulletins throughout the listening to. The highest U.S. central banker additionally will tackle the Senate Banking Committee on Thursday.
- This autumn 2022 earnings after the shut; convention name at 5 p.m. ET Wednesday
- Projected loss: Lack of 9 cents per share
- Projected income: $489 million
Okta is likely one of the highest-valued shares available in the market, Cramer stated, however he defined he is undecided what to anticipate from the quarter given there’s been some latest turnover in administration roles.
- This autumn 2022 earnings after the bell; convention name at 5 p.m. ET Wednesday
- Projected EPS: 4 cents
- Projected income: $591 million
Cramer stated Snowflake is the high-multiple inventory folks have remained dedicated to because the market rotated away from growth-oriented tech. Cramer complimented the data-analytics software program agency’s CEO, Frank Slootman, calling him the “newfound king of the cloud.”
Thursday: Kroger, Greatest Purchase and Costco
- This autumn 2021 earnings earlier than the open; convention name at 10 a.m. ET Thursday
- Projected EPS: 73 cents
- Projected gross sales: $32.64 billion
The grocery big will provide a window into the most recent on inflation and the way U.S. shoppers are responding, Cramer stated. He stated he is pondering Kroger’s margins could also be a bit squeezed as a result of its want to “preserve prospects completely satisfied” may imply the corporate ate a few of the price will increase it is experiencing.
- This autumn 2022 earnings earlier than the bell; convention name at 8 a.m. ET Thursday
- Projected EPS: $2.77
- Projected gross sales: $16.72 billion
Cramer stated he thinks Greatest Purchase’s quarter could also be higher than its earlier report. Nonetheless, he stated he believes there are “higher shares on the market” as folks spend much less time at residence than throughout peak Covid and due to this fact might not wish to improve their TV to the most recent mannequin.
- Q2 2022 earnings after the shut; convention name at 5 p.m. ET Thursday
- Projected EPS: $2.75
- Projected income: $51.36 billion
One in all his longtime favourite shares and part of his Belief portfolio, Cramer stated he is carefully watching whether or not Costco raises the worth of its membership and/or points a particular dividend.
“If we do not get one or each then I feel my love may momentarily go unrequited. What a chance regardless of [what],” he stated. “If that one goes down, purchase.”
Friday: February jobs report
February nonfarm payrolls
- Labor Division releases the most recent jobs report at 8:30 a.m. ET Friday
Cramer stated he is trying to see the tempo at which common wages are rising. “If it is crimson scorching, then Jay Powell will look too dovish if he did not take a tough line earlier within the week when he had the prospect,” Cramer stated.
