CNBC’s Jim Cramer, who marked the end of the earnings season, said Friday that the list of major corporate reports in recent weeks was “much better than anyone expected.”
The results revealed, he said, that investors have several investment opportunities, except for any speculative trading that has confused Wall Street professionals lately.
The comments come after major U.S. averages rose to Friday’s session, turning into consecutive weeks of 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 Nasdaq Composite robot, which has had a lot of technology, gained 1.7% more, to 14,095.47.
After closing, Cramer said market activity has become less volatile after several weeks of high-volume trading.
“I like the normal, because if we’re not careful, a good portion of that market could head down the road to the danger zone,” the “Mad Money” host said. “A day with less foam, like today, is a day when the rally feels more sustainable. But if the cannabis cohort and short-busters and the amazing pumping and pouring I’m seeing on the net come back, well, you know I have to be more negative. “
Cramer gave his game plan for next week. Earnings per share projections are based on FactSet estimates:
Tuesday: CVS Health, Zoetis, Central and Western Ring gains
- Fourth quarter earnings release: before the market; conference call: 8:45 am
- Expected EPS: $ 1.24
- Expected Revenue: $ 68.73 million
“CVS has been challenged as a pharmacy by Amazon and challenged on the health insurance side by a number of competitors,” Cramer said. “Yes [CEO Karen] Lynch can increase the number and support some solid traffic projections … I was able to see how the stocks finally got the traction they deserved. “
Zoetis
- Fourth quarter earnings release: before the market; conference call: 8:30 am
- Expected EPS: 86 cents
- Expected Revenue: $ 1.74 billion
“I think you’ll see another round of gains in humanizing pet stocks,” he said.
RingCentral
- Fourth Quarter Profit Launch: After Market; conference call: 5 pm
- Expected EPS: 27 cents
- Expected Revenue: $ 318 million
“RingCentral manufactures 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 rapidly.”
Western Petroleum
- Fourth quarter earnings release: after market; conference call: Wednesday, 11 a.m.
- Expected losses per share: 58 cents
- Expected Revenue: $ 4.32 million
“Many predict that the long bearish oil market is over. I’m not so sure about that, there’s too much supply, but if you believe it, no one is more optimistic about oil than Western CEO Vicki Holub.” , he said.
Wednesday: Shopify, Twilio, Fastly, Pioneer Natural Resources and Boston Beer gains
- Release of earnings for the third quarter of 2021: 6 p.m .; conference call: 8:30 am
- Expected EPS: $ 1.26
- Projected revenue: $ 913 million
Twilio
- Fourth quarter earnings release: after market; conference call: 5 pm
- Expected losses per share: 8 cents
- Expected Revenue: $ 455 million
“I bet two of them offer stellar, amazing neighborhoods,” Cramer said.
Quickly
- Fourth Quarter Profit Launch: After Market; conference call: 5 pm
- Expected losses per share: 11 cents
- Expected Revenue: $ 82 million
“They have rebuilt their credibility after a big deficit in October,” he said. “I think the problems are behind it.”
Pioneering natural resources
- Fourth Quarter Profit Launch: After Market; conference call: Thursday, 9 a.m.
- Expected EPS: 70 cents
- Expected Revenue: $ 1.90 billion
“I don’t recommend a lot of oil companies these days, but if you put a gun to my head to make me choose, I would say,‘ Please drop your gun and go buy Pioneer, ’” the host said.
Boston Beer
- Fourth Quarter Earnings Release: 4:15 p.m .; conference call: 5 pm
- Expected EPS: $ 2.63
- Expected Revenue: $ 453 million
“If one more company gets into this tough seltzer business, will it have too much to handle?” He said. “I bet you can still get another good quarter here, but don’t enjoy your welcome when you have guns like these guys. The field is getting crowded.”
Thursday: Walmart, Barrick Gold, Applied Materials, Roku, The Trade Desk
- Fourth Quarter Earnings Release 2021: 7 p.m .; conference call: 8 h
- Expected EPS: $ 1.51
- Expected Revenue: $ 148,266 million
“I want to know about some initiatives and benchmarks that show us that Walmart is still hungry,” Cramer said.
Barrick Gold
- Fourth quarter earnings release: 6 p.m .; conference call: 11 h
- Expected EPS: 31 cents
- Projected revenue: $ 3,252 million
“I know the CEO, Dr. Mark Bristow, will give you 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
- Launch of earnings for the first quarter of 2021: 16:01; conference call: 4:30 p.m.
- Expected EPS: $ 1.28
- Projected Revenue: $ 4,979 million
“Stocks have risen like crazy because of the [chip] scarcity, but I think things are good enough for it to keep going up, especially because the Biden White House seems to recognize the magnitude of the problem, ”the host said.
Course
- Fourth Quarter Profit Launch: After Market; conference call: 5 pm
- Expected losses per share: 6 cents
- Expected Revenue: $ 615 million
Trade office
- Fourth Quarter Profit Launch: After Market; conference call: 5 pm
- Expected EPS: $ 1.88
- Projected revenue: $ 292 million
“These companies are cable-cutting pivots designed for the new world of wireless vision and advertising. Everyone is wondering when their profits will stop,” he said. “Me, I wonder why anyone expects them to stop when it took decades for cable to supplant traditional broadcast television.”
Friday: Deere and Magna earnings
- Launch of profits in the first quarter of 2021: before the market; conference call: 10 h
- Expected EPS: $ 2.12
- Expected Revenue: $ 7,114 million
“I bet Deere tells a story of higher commodity prices that has its order books full of tractors,” Cramer said.
Magna
- Fourth quarter earnings release: before the market; conference call: 8 h
- Expected EPS: $ 2.58
- Expected Revenue: $ 13.03 million
“We have a hot car market, they’re the best fitter, and these guys also ride cars for attractive electric vehicle players, like Fisker,” he said.
Disclosure: Cramer’s charity has shares in CVS Health and Walmart.
Exemption from liability
Questions for Cramer?
Call Cramer: 1-800-743-CNBC
Want to take a deep dive into the world of Cramer? Stick it!
Mad Money’s Twitter – Jim Cramer Twitter – Facebook – Instagram
Questions, comments, suggestions for the “Mad Money” website? [email protected]