On Friday, CNBC’s Jim Cramer told investors they should watch for stocks to add at the end of the earnings season.
“There’s a lot to buy, as long as you buy companies that make money and return some of it to shareholders through buyouts and dividends,” he said. “By the way, it’s still too early to pick high-growth stocks with little earnings.”
Stocks were mixed on Friday, with the S&P 500 closing slightly as it posted its worst weekly performance in nearly two months. All three major indexes ended lower for the week.
Cramer reassured investors that the market’s declines this week do not mean it is heading into bearish territory. “Right now, we’re seeing classic bull market behavior. A bull market has times when desperation is thick.”
In addition to corporate earnings reports, he said he was keeping tabs on the January Consumer Price Index report on Tuesday.
All earnings, revenue and economic data estimates for the week are courtesy of FactSet.
Monday: TreeHouse Foods
- Fourth Quarter 2022 Earnings Release at 6:55 a.m. ET; conference call at 8:30 a.m. ET
- Projected EPS: 98 cents
- Forecast turnover: 1 billion dollars
“To date, we haven’t seen much of any size drop in supermarkets. … But once it starts, it will be a huge win in the fight against inflation,” he said. he declares.
Tuesday: Coca-Cola, Airbnb
Coca Cola
- Fourth Quarter 2022 Earnings Release at 6:55 a.m. ET; conference call at 8:30 a.m. ET
- Projected EPS: 45 cents
- Forecast turnover: 10 billion dollars
Cramer said he expects a strong quarter from the beverage giant.
Airbnb
- Fourth Quarter 2022 Earnings Release at 4:05 p.m. ET; conference call at 4:30 p.m. ET
- Projected EPS: 25 cents
- Projected revenue: $1.86 billion
“I’ve been adamant that this company is undervalued, but I just don’t know when it can burst higher,” he said.
Wednesday: Bowlero, Shopify
bowler
- Publication of second quarter 2023 results after closing; conference call at 4:30 p.m. ET
- Projected EPS: 16 cents
- Forecast revenue: $257 million
Cramer predicted the company will deliver an excellent set of numbers.
Shopify
- Publication of fourth quarter 2022 results after closing; conference call at 5 p.m. ET
- Projected loss: 1 cent per share
- Projected revenue: $1.65 billion
The company must show it can pivot to profitability, he said.
Thursday: Constellation Energy, Applied Materials, DraftKings, DoorDash
Constellation Energy
- Publication of the results for the fourth quarter of 2022 at the time TBA; conference call at 10 a.m. ET
- Projected EPS: 26 cents
- Projected revenue: $3.63 billion
“I’ll stick with this one as long as a Democrat is in the White House,” he said.
Applied materials
- First Quarter 2023 Earnings Release at 4:00 p.m. ET; conference call at 4:30 p.m. ET
- Projected EPS: $1.93
- Projected revenue: $6.69 billion
Cramer said he bet the company would report a weak quarter.
DraftKings
- Publication of fourth quarter 2022 results after closing; conference call Friday at 8:30 a.m. ET
- Expected loss: 61 cents per share
- Forecast revenue: $798 million
“I like DraftKings. I like the CEO. … But I don’t like the legislative roadmap,” he said.
DoorDash
- Fourth Quarter 2022 Earnings Release at 4:05 p.m. ET; conference call at 5 p.m. ET
- Expected loss: 67 cents per share
- Projected revenue: $1.77 billion
He said the company needed a plan to become profitable because the market only cares about companies that can generate strong profits.
Friday: Deere
- First Quarter 2023 Earnings Release at 6:45 a.m. ET; conference call at 10 a.m. ET
- Projected EPS: $5.54
- Projected revenue: $11.34 billion
According to Cramer, Deere shares are the best way to play the long-term bull market in agriculture.
