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‘Be on your toes’ this earnings period

admin by admin
January 21, 2023
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‘Be on your toes’ this earnings period
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On Friday, CNBC’s Jim Cramer urged investors to make thoughtful decisions about their portfolios as the new earnings season begins next week.

“It’s a big week. It’s the first of three. Brave yourselves and heed the call. Don’t act unless you’re sure. About what has just been reported, It’s very difficult to be sure.” His 5 Rules of Earnings Season.

In the highly anticipated earnings season, the biggest companies in technology, retail and consumer goods report quarterly earnings.

Cramer previewed a list of quarterly reports. All estimates of earnings, returns and economic data courtesy of FactSet.

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

general electric

  • The fourth quarter 2022 earnings call is scheduled for 6:30 a.m. ET.Conference Call at 8:00 AM ET
  • Projected EPS: $1.15
  • Projected revenue: $21.25 billion

The company “should show why it wants to be in the energy sector. It’s the next spin-off after healthcare, but all we really want is a booming aerospace business,” he said.

3M

  • The fourth quarter 2022 earnings call is scheduled for 6:30 a.m. ET.Conference Call at 9:00 AM ET
  • Projected EPS: $2.37
  • Projected revenue: $8.04 billion

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

Union Pacific

  • The fourth quarter 2022 earnings call is scheduled for 7:45 a.m. ET.Conference Call at 8:45 AM ET
  • Projected EPS: $2.78
  • Projected revenue: $6.31 billion

The company’s earnings call should provide insight into the state of American commerce, Cramer said.

microsoft

  • The second quarter 2023 earnings call is scheduled for 4:05 p.m. ET.Conference Call at 5:30 PM ET
  • Projected EPS: $2.30
  • Projected revenue: $53.13 billion

Investors say, “They layoffs microsoft Any announcements made this week are based on either disappointment or caution,” he said.

Wednesday: Boeing, IBM, ServiceNow

boeing

  • The fourth quarter 2022 earnings call is scheduled for 7:30 a.m. ET.Conference Call at 10:30 AM ET
  • Projected EPS: 22 cents
  • Projected revenue: $20.24 billion

Cramer said he expects the company to have a strong quarter.

IBM

  • The fourth quarter 2022 earnings call is scheduled for 4:08 p.m. ET.Conference Call at 5:00 PM ET
  • Projected EPS: $3.59
  • Projected revenue: $16.13 billion

He said he likes equities coming into the quarter because it’s a defensive play with a strong yield of 4.7%.

Service Now

  • The fourth quarter 2022 earnings call is scheduled for 4:10 p.m. ET.Conference Call at 5:00 PM ET
  • Projected EPS: $2.02
  • Projected revenue: $1.94 billion

Earnings calls will show whether battered enterprise software stocks will recover this year, he said.

Thursday: Dow, Southwest Airlines

Dow

  • The fourth quarter 2022 earnings call is scheduled for 6:00 a.m. ET.Conference Call at 8:00 AM ET
  • Projected EPS: 58 cents
  • Projected revenue: $12.05 billion

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

Southwest Airlines

  • The fourth quarter 2022 earnings call is scheduled for 6:30 a.m. ET.Conference Call at 12:30 PM ET
  • Expected loss: 7 cents per share
  • Projected revenue: $6.22 billion

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

Friday: american express

  • The fourth quarter 2022 earnings call is scheduled for 7:00 a.m. ET.Conference Call at 8:30 AM ET
  • Projected EPS: $2.23
  • Projected revenue: $14.23 billion

“American Express is great. ‘Life is too short’ I will play,” he said.

Disclaimer: Cramer’s Charitable Trust owns shares of Microsoft.

Cramer's game plan for the trading week of January 23rd

Jim Cramer’s Investment Guide

Click here to download Jim Cramer’s Investment Guide Free to build long-term wealth and invest smarter.

Tags: 3M Corporationamerican express companyBoeing CompanyBusiness newsDow Co.earningsGeneral Electric CompanyInternational Business Machines CorporationInvestment strategyJim CramerJobsLtd.MarketMicrosoftperiodService Now Co.Southwest AirlinesStock markettoesUnion Pacific Corporation
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