Jim Cramer’s week forward: It’s an ‘odd time’ for markets however earnings matter once more

CNBC gym crme After Wall Street on Friday outlined its recreation plan for subsequent week Completion of its first five trading sessions of 2022,

“mad Money” Host mentioned it is a “little weird time” for the markets proper now, “almost as if many stocks have to take their medicine and then get back on track.”

“This week we saw unprofitable techniques get a drubbing, which then spread to more mature, profitable ones,” Cramer mentioned. However, he added, “It’s much easier to buy stock of an established company that’s actually making money. Yes, earnings matter again, tangible GAAP earnings.”

Here’s what Kramer is watching subsequent week. All income and earnings estimates are from FactSet.

JPMorgan Health Care Conference

Now in its fortieth yr, the JPMorgan Health Care Conference is a massively spectacular occasion, Cramer mentioned, explaining that the corporate’s displays have been recognized to maneuver the inventory. The digital convention begins on Monday and runs by Thursday.

Tilray

• Q2 2022 earnings earlier than the bell; Conference Call 8:30 a.m. ET Monday
• Estimated loss: Loss of seven cents per share
• Estimated Revenue: $200 million

Albertsons

• Earnings forward of Q3 2021 Open; Tuesday 8:30 a.m. convention name
• Estimated EPS: 61 cents
• Estimated gross sales: $16.34 billion

While Albertsons shares have pulled again from their latest highs, Cramer mentioned he thinks the grocery chain’s inventory has extra room to run. He prompt that buyers who’re fascinated with proudly owning the inventory purchase just a few Mondays earlier than Tuesday’s quarterly print.

Dell Technologies

• Virtual Fireside Chat at 3:30 p.m. ET Tuesday

Chairman and CEO Michael Dell is about to talk on Bank of America’s view from the Top CEO sequence, and Cramer mentioned he is to listen to the manager’s view now that Dell has accomplished its spin-off. VMware, Cramer mentioned he personally believes the longer term is vibrant, advising buyers to purchase shares earlier than and after Tuesday’s scheduled presentation.

KB Home

• This autumn 2021 earnings after closing; Conference name Wednesday at 5 p.m. ET
• Estimated EPS: $1.77
• Estimated Revenue: $1.71 billion

Kramer mentioned buyers are watching carefully the impact that greater rates of interest have on mortgage charges and, by extension, on demand for houses. He mentioned he expects KB Home inventory to maneuver greater if it experiences on Wednesday as he expects robust outcomes.

Delta Airlines

• This autumn 2021 earnings earlier than the bell; Thursday 10 a.m. convention name
• Estimated EPS: 13 cents
• Estimated Revenue: $8.86 billion

Cramer mentioned buyers could be much less targeted on how Delta’s enterprise has fared and the corporate expects it to progress because the Covid pandemic progresses.

“Do they think business travelers will come back? Can they staff their planes adequately? Are the fares going up?” Cramer requested rhetorically. “While I like Disney for my charitable belief and assume that American Express Might go on, I’m skeptical about how far Delta’s stock can go in this environment.”

Wells Fargo

• This autumn 2021 earnings earlier than the bell; Conference Call Friday at 10 a.m. ET
• Estimated EPS: $1.10
• Estimated Revenue: $18.67 billion

Cramer, whose charitable belief has a large place at Wells Fargo, mentioned he believes the financial institution goes to have a powerful 2022. However, he acknowledged that the inventory is off to a scorching begin, up about 14% from the yr earlier than. He mentioned it’s not clear if the momentum can proceed, however the draw back might current shopping for alternatives sooner or later.

J. P. Morgan

• Earnings earlier than This autumn 2021 Open; Conference Call at 8:30 a.m. ET Friday
• Estimated EPS: $3.00
• Estimated Revenue: $29.85 billion

CEO Jamie Dimon, mentioned Cramer, “becomes very optimistic, but mixes some Molotov as well in his otherwise easy-going economic cocktail.”

black Rock

• This autumn 2021 earnings earlier than the bell; Conference Call at 8:30 a.m. ET Friday
• Estimated EPS: $10.10
• Estimated income: $5.12 billion

Cramer mentioned he anticipated a powerful quarter, including that he appeared ahead to listening to insights into the corporate, markets and the financial system from BlackRock CEO Larry Fink.

Citigroup

• Earnings earlier than This autumn 2021 Open; Conference name Friday at 11 a.m. ET
• Estimated EPS: $1.55
• Estimated Revenue: $16.92 billion

Cramer mentioned he is seeking to see if CEO Jane Fraser can supply commentary that is optimistic sufficient to propel Citigroup’s inventory greater, permitting it to meet up with some friends. . Additionally, he mentioned he was in search of extra details about Citi. is halting its share repurchase program in December.

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Disclosure: Cramer’s charitable belief owns shares in Wells Fargo and Disney.