Cramer’s week ahead: be ‘on your toes’ this earnings period

0
14

TBEN’s Jim Cramer on Friday urged investors to make careful, informed decisions regarding their portfolios as the new earnings season kicks off next week.

“It’s a critical week. The first of three. Be sharp. Listen to the calls. Don’t take action unless you’re sure. of his five earnings season rules.

related investment news

CNBC Pro

In the highly anticipated earnings season, the largest technology, retail and consumer goods companies will report their quarterly financial results.

Cramer previewed the series of quarterly reports. All estimates for earnings, earnings and economic data are sourced from FactSet.

Tuesday: General Electric, 3M, Union Pacific, Microsoft

General Electric

  • Q4 2022 earnings release at 6:30am ET; conference call at 8 a.m. ET
  • Expected earnings per share: $1.15
  • Expected revenue: $21.25 billion

The company should “show us why we would want to be in its energy division. That’s the next spin-off after healthcare, but all we really want is the booming aviation industry,” he said.

ALSO READ  GM and LG end plans for fourth U.S. battery cell plant as automaker seeks new partner

3M

  • Q4 2022 earnings release at 6:30am ET; conference call at 9 a.m. ET
  • Expected earnings per share: $2.37
  • Expected revenue: $8.04 billion

Cramer said 3M’s dividend yield of about 5% isn’t enough given the litigation risk of lawsuits against the company.

Union Pacific

  • Q4 2022 earnings release at 7:45 a.m. ET; conference call at 8:45 a.m. ET
  • Expected earnings per share: $2.78
  • Expected revenue: $6.31 billion

The company’s earnings call should provide insight into the state of U.S. trade, Cramer said.

Microsoft

  • Q2 2023 earnings release at 4:05 p.m. ET; conference call at 5:30 p.m. ET
  • Expected earnings per share: $2.30
  • Expected revenue: $53.13 billion

Investors will “learn whether the layoffs Microsoft announced this week are based on disappointment or caution,” he said.

ALSO READ  Fanatics is in talks to acquire BetParx sportsbook

Wednesday: Boeing, IBM, ServiceNow

Boeing

  • Q4 2022 earnings release at 7:30am ET; conference call at 10:30 AM ET
  • Projected EPS: 22 cents
  • Expected revenue: $20.24 billion

Cramer said he expects a solid quarter from the company.

IBM

  • Q4 2022 earnings release at 4:08 p.m. ET; conference call at 5 p.m. ET
  • Expected earnings per share: $3.59
  • Expected revenue: $16.13 billion

He said he likes the stock going into the quarter because it’s a defensive game with a strong return of 4.7%.

Serve now

  • Q4 2022 earnings at 4:10 p.m. ET; conference call at 5 p.m. ET
  • Expected earnings per share: $2.02
  • Expected revenue: $1.94 billion

The earnings call will reveal whether downturned enterprise software stocks will get a reprieve this year, he predicted.

Thursday: Dow, Southwest Airlines

Dow

  • Q4 2022 earnings at 6 a.m. ET; conference call at 8 a.m. ET
  • Projected EPS: 58 cents
  • Expected revenue: $12.05 billion
ALSO READ  Alcoa, Discover, Netflix, P&G and more stock movers

Cramer said the company’s stock “looks like a buy.”

Southwest airlines

  • Q4 2022 earnings release at 6:30am ET; conference call at 12:30 p.m. ET
  • Expected Loss: Loss of 7 cents per share
  • Expected revenue: $6.22 billion

The company is no longer one of the best-run airlines, he said.

Friday: American Express

  • Q4 2022 earnings release at 7 a.m. ET; conference call at 8:30 a.m. ET
  • Expected earnings per share: $2.23
  • Expected revenue: $14.23 billion

“American Express is a great play about ‘life is too short’,” he said.

Disclaimer: Cramer’s Charitable Trust owns stock in Microsoft.

Jim Cramer’s Guide to Investing

Click here to download Jim Cramer’s Guide to Investing free to help you build long-term wealth and invest smarter.

LEAVE A REPLY

Please enter your comment!
Please enter your name here