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.
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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.
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.
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
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.
