Tuesday, May 28, 2024
HomeBusinessWatch bonds & Ukraine as earnings season picks up

Watch bonds & Ukraine as earnings season picks up


CNBC’s Jim Cramer on Thursday previewed subsequent week’s slate of earnings and what buyers ought to have on their radar to arrange for the tumultuous market forward.

The “Mad Money” host stated that bonds, Russia’s invasion of Ukraine and Covid lockdowns in China are “the tales that do matter with Treasurys working roughshod over all the pieces as soon as once more.”

Cramer additionally previewed subsequent week’s earnings roster. All earnings and income estimates are courtesy of FactSet.

Monday: Bank of America

  • Q1 2022 earnings launch at 6:45 a.m. ET; convention name at 8:30 a.m. ET
  • Projected EPS: 75 cents
  • Projected income: $23.13 billion

“We’re starting to see this behemoth assert itself because the world’s primary financial institution. I guess it will not disappoint,” Cramer stated.

Tuesday: Halliburton, Johnson & Johnson, Vacationers, Prologis, Netflix

Halliburton

  • Q1 2022 earnings launch earlier than the bell; convention name at 9 a.m. ET
  • Projected EPS: 34 cents
  • Projected income: $4.2 billion

Cramer stated that Halliburton is a superb firm, noting that it is turning into one of many Charitable Belief’s greatest positions.

Johnson & Johnson

  • Q1 2022 earnings launch at 6:45 a.m. ET; convention name at 8:30 a.m. ET
  • Projected EPS: $2.59
  • Projected income: $23.64 billion

Cramer had little to say about Johnson & Johnson, merely stating that it’s “busy breaking itself up to create extra worth.”

Travelers

  • Q1 2022 earnings launch earlier than the bell; convention name at 9 a.m. ET
  • Projected EPS: $3.61
  • Projected income: $8.03 billion

Vacationers is “boring however actually good,” Cramer stated.

Prologis

  • Q1 2022 earnings launch tbd; convention name at midday ET
  • Projected EPS: $1.07
  • Projected income: $1.09 billion

Cramer stated that Prologis is “a cacophony of greatness all worthy of your belief.”

IBM

  • Q1 2022 earnings launch after the shut; convention name at 5 p.m. ET
  • Projected EPS: $1.39
  • Projected income: $13.78 billion

“[CEO Arvind Krishna] spun off the slower-growing companies, saved the quick ones. Needs to be IBM’s time to shine when it experiences after the shut,” Cramer stated.

Netflix

  • Q1 2022 earnings launch at 4 p.m. ET; convention name at 6 p.m. ET
  • Projected EPS: $2.92
  • Projected income: $7.94 billion

The corporate must cost prospects extra and is not as daring because it was once, based on Cramer.

Wednesday: Procter & Gamble, Tesla, United Airways

Procter & Gamble

  • Q3 2022 earnings launch at 7 a.m. ET; convention name at 8:30 a.m. ET
  • Projected EPS: $1.30
  • Projected income: $18.70 billion

Cramer stated that he’s “leaning on” making the corporate the most important place in his Charitable Belief if the value comes down.

Tesla

  • Q1 2022 earnings launch after the shut; convention name at 5:30 p.m. ET
  • Projected EPS: $2.26
  • Projected income: $17.60 billion

Cramer’s betting that CEO Elon Musk will wow buyers on the convention name.

United Airlines

  • Q1 2022 earnings launch after the shut; convention name on Thursday at 10:30 a.m. ET
  • Projected loss: lack of $4.22 per share
  • Projected income: $7.67 billion

Cramer stated that if the corporate experiences having a implausible variety of bookings as Delta Air Lines did this week, it’s going to go to point out that the journey trade is doing nicely.

Thursday: AT&T, Freeport-McMoRan

AT&T

  • Q1 2022 earnings launch earlier than the bell; convention name at 8:30 a.m. ET
  • Projected EPS: 60 cents
  • Projected income: $38.24 billion

“I am not an enormous believer on this one,” Cramer stated.

Freeport-McMoRan

  • Q1 2022 earnings launch earlier than the bell; convention name at 10 a.m. ET
  • Projected EPS: 90 cents
  • Projected income: $6.32 billion

“Copper is a terrific proxy for the Chinese language economic system, and Freeport will inform us the place the copper goes,” Cramer stated.

Friday: American Categorical, Schlumberger

American Express

  • Q1 2022 earnings launch at 7 a.m. ET; convention name at 8:30 a.m. ET
  • Projected EPS: $2.39
  • Projected income: $11.61 billion

Cramer stated he believes American Categorical is “screaming purchase” in gentle of Delta’s bullish outlook on journey.

Schlumberger

  • Q1 2022 earnings launch at 7 a.m. ET; convention name at 9:30 a.m. ET
  • Projected EPS: 33 cents
  • Projected income: $5.92 billion

“Will Russians in the future have a decline in oil manufacturing? I guess Schlumberger can hint out what’s about to occur in the event that they cease drilling,” Cramer stated.

Disclosure: Cramer’s Charitable Belief owns shares of Halliburton, Procter & Gamble and Wells Fargo.



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