Friday, May 27, 2022
HomeBusinessThis can be a treacherous market crammed with excessive inventory strikes

This can be a treacherous market crammed with excessive inventory strikes


CNBC’s Jim Cramer on Friday provided viewers his sport plan for the following 5 buying and selling days on Wall Avenue.

The “Mad Money” host’s lookahead got here after the S&P 500 and Nasdaq Composite posted their greatest weeks thus far in 2022, ending 1.5% and a pair of.4% larger, respectively.

“This week we noticed the true colours of what’s a treacherous market,” the “Mad Money” host stated. If traders love a inventory, there’s “no degree it will not be taken as much as,” he stated. “But when it is hated? There aren’t any depths it will not sink to. Both manner … it is prone to be an excessive.”

All income and earnings per share estimates are from FactSet.

Monday: Tyson Meals, Two-Take Interactive and Simon Property Group

Tyson Foods

  • Q1 earnings launch earlier than the bell; convention name at 9 a.m. ET
  • Projected EPS: $1.93
  • Projected income: $12.17 billion

Cramer stated the corporate’s quarter ought to present insights into the nation’s meat provide chain, which has skilled a bunch of challenges through the Covid pandemic.

Take-Two Interactive

  • Q3 earnings launch after the shut; convention name at 4:30 p.m. ET
  • Projected EPS: $1.12
  • Projected gross sales: $868 million

Take-Two’s quarter will present a glimpse into how a lot of the pandemic-related surge in gaming has caught round, Cramer stated. “[CEO] Strauss Zelnick is the straightest of straight shooters. If demand is waning, he is simply going to say it.”

Simon Property Group

  • This autumn earnings launch after the bell; convention name at 5 p.m.
  • Projected EPS: $2.89
  • Projected income: $1.25 billion

Tuesday: Centene, Pfizer, Chipotle, DuPont and Peloton

Centene

  • This autumn earnings earlier than the open; convention name at 8:30 a.m. ET
  • Projected EPS: 98 cents
  • Projected income: $32.5 billion

“I believe it is a takeover goal and I guess we’ll get an excellent quarter,” Cramer stated of the well being insurer.

Pfizer

  • This autumn earnings earlier than the bell; convention name at 10 a.m. ET
  • Projected EPS: 87 cents
  • Projected gross sales: $24.16 billion

Cramer additionally stated he expects excellent numbers from Pfizer.

DuPont

  • This autumn earnings earlier than the open; convention name at 8 a.m. ET
  • Projected EPS: 99 cents
  • Projected income: $4.02 billion

“The nice industrials have had an actual up and down time on this market and I worry this might be DuPont’s down time, which is why we lastly determined to ring the register for a terrific revenue for the charitable belief,” Cramer stated.

Chipotle

  • This autumn earnings after the shut; convention name at 4:30 p.m. ET
  • Projected EPS: $5.25
  • Projected gross sales: $1.96 billion

Cramer stated Chipotle’s quarter is the one he is most focused on Tuesday. “I believe it may do low double-digit same-store gross sales versus final yr’s already glorious numbers and that ought to trigger the inventory to ignite,” he stated. “Uncooked prices are at all times an issue within the enterprise, although.”

Peloton

  • Q2 earnings after the shut; convention name at 5 p.m. ET
  • Projected EPS: Lack of $1.22
  • Projected income: $1.14 billion

Cramer stated he is searching for a bunch of updates from Peloton’s administration after the train tools maker’s inventory has been pummeled in latest months. One subject that’s prone to come up is The Wall Street Journal’s report Friday that Amazon has approached Peloton a couple of potential deal, Cramer stated.

Wednesday: CVS Well being, PepsiCo, Disney and Mattel

CVS Health

  • This autumn earnings launch earlier than the bell; convention name at 8 a.m. ET
  • Projected EPS: $1.83
  • Projected gross sales: $75.66 billion

“I anticipate an excellent quarter from CVS [because of] Covid testing, however what occurs subsequent?” Cramer stated. “Have they monetized the vaccination seekers? That may take it to the following degree.”

PepsiCo

  • This autumn earnings launch earlier than the open; convention name at 8:15 a.m. ET
  • Projected EPS: $1.52
  • Projected income: $24.24 billion

Cramer stated he was shocked the beverage large’s inventory fell 1.6% Friday, suggesting he’d choose up some shares forward of the quarterly print.

Disney

  • Q1 earnings launch after the shut; convention name at 4:30 p.m. ET
  • Projected EPS: 73 cents
  • Projected income: $20.27 billion

Cramer stated he thinks the media and leisure large doesn’t get sufficient credit score for the worth of its mental property. “This is not Netflix. It is not Fb. It is a one-of-a-kind progress car. It’s not stagnant. It’s not lifeless, and that is why I would wish to construct an even bigger place forward of the quarter for my belief,” he stated.

Mattel

  • This autumn earnings launch after the shut; convention name at 5 p.m. ET
  • Projected EPS: 33 cents
  • Projected income: $1.66 billion

“I believe there might be an entire new slate of toys and leisure from CEO Ynon Kreiz, who’s been a turnaround whizz,” Cramer stated.

Thursday: Coca-Cola, Twitter, Cloudflare and Zendesk

Coca-Cola

  • This autumn earnings launch earlier than the bell; convention name at 8:30 a.m. ET
  • Projected EPS: 41 cents
  • Projected income: $8.98 billion

Whereas Cramer stated he expects a great quarter from Coca-Cola, he particularly talked about searching for updates on the beverage maker’s partnership with Molson Coors on a Topo Chico laborious seltzer. “I believe that is the following huge spiked [beverage],” Cramer stated.

Twitter

  • This autumn earnings launch earlier than the bell; convention name at 8 a.m. ET
  • Projected EPS: 33 cents
  • Projected income: $1.58 billion

It is unclear whether or not Twitter’s digital advert enterprise faces challenges like Fb mum or dad Meta or is rising simply fantastic like Amazon or Alphabet, Cramer stated. “I believe we’ll discover out that it stays the identical previous plodding Twitter when it studies—an organization that has nothing we really wish to pay up for,” Cramer stated.

Cloudflare

  • This autumn earnings after the shut; convention name at 5 p.m. ET
  • Projected EPS: 0 cents
  • Projected income: $185 million

Cramer stated he is anticipating “nice numbers” from the cybersecurity agency, however “I do not anticipate anybody to care” as a result of the inventory is out of favor on Wall Avenue.

Zendesk

  • This autumn earnings after the bell; convention name at 5 p.m. ET
  • Projected EPS: 18 cents
  • Projected gross sales: $371 million

Cramer stated he is retaining a watch out for an replace on Zendesk’s pursuit of Momentive Global, a deal which activist investor Jana Companions has urged Zendesk to drop.

Friday: Below Armour, Cleveland-Cliffs and Goodyear Tire & Rubber

Under Armour

  • This autumn earnings launch earlier than the open; convention name at 8:30 a.m. ET
  • Projected EPS: 6 cents
  • Projected gross sales: $1.47 billion

“There’s numerous good buzz about this one, a lot that I believe it is really a terrific hypothesis going into the quarter. We hold listening to a couple of potential turnaround, perhaps this time it may occur,” Cramer stated.

Cleveland-Cliffs

  • This autumn earnings earlier than the bell; convention name at 10 a.m. ET
  • Projected EPS: $2.15
  • Projected income: $5.73 billion

“I am betting really that Cleveland-Cliffs will do an honest quantity,” Cramer stated, complimenting the corporate’s administration and improved stability sheet.

Goodyear Tire & Rubber

  • This autumn earnings earlier than the open; convention name at 9 a.m. ET
  • Projected EPS: 32 cents
  • Projected gross sales: $5.01 billion

“I believe that Goodyear will positively dazzle,” Cramer stated.

Sign up now for the CNBC Investing Membership to comply with Jim Cramer’s each transfer available in the market.

Disclaimer

Questions for Cramer?
Name Cramer: 1-800-743-CNBC

Wish to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer TwitterFacebookInstagram

Questions, feedback, ideas for the “Mad Cash” web site? [email protected]





Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments