On Friday, CNBC’s Jim Cramer advised investors to register some positions to take advantage of the bull market.
“I’m not sure we can continue this week’s strangely bullish behavior, but it’s worth sticking with…we can make a small adjustment to stocks that are going up significantly,” he said.
Stocks fell Friday after January’s strong jobs report rekindled fears the Fed would continue to raise rates. The S&P 500 and Nasdaq Composite were still able to finish the week on the positive side, and the tech-heavy indices had his fifth straight win.
Cramer also confirmed the earnings list for next week. All estimates of earnings, returns and economic data courtesy of FactSet.
Monday: Tyson Foods, Simon Property Group
- The company’s first quarter 2023 earnings call is scheduled for 7:30 a.m. ET.Conference Call at 9:00 AM ET
- Projected EPS: $1.31
- Projected revenue: $13.51 billion
Cramer said the conference call should give insight into the state of food inflation at grocery stores.
- The fourth quarter 2022 earnings call is scheduled for 4:05 p.m. ET.Conference Call at 5:00 PM ET
- Projected EPS: $3.15
- Projected revenue: $1.29 billion
“They might pull the rabbit out of their hat,” he said, even though it’s a tough time for companies in the office real estate business.
Tuesday: Chipotle Mexican Grill, Enphase Energy
- The fourth quarter 2022 earnings call is scheduled for 4:10 p.m. ET.Conference Call at 4:30 PM ET
- Projected EPS: $8.91
- Projected revenue: $2.23 billion
Cramer said he expects the quarter to be phenomenal given the company’s plans. Hire 15,000 restaurant workers Ahead of the busy spring.
- Earnings for Q4 2022 are at 4:05 PM ET.Conference Call at 4:30 PM ET
- Projected EPS: $1.27
- Projected revenue: $707 million
“I always say the same thing: If you believe Solar can be even bigger than it is now, Enphase is the right strain for you,” he said.
Wednesday: CVS Health, Disney
- The fourth quarter 2022 earnings call is scheduled for 6:30 a.m. ET.Conference Call at 8:00 AM ET
- Projected EPS: $1.92
- Projected revenue: $76.33 billion
Cramer said he was curious as to why the company’s stock had become “really freaked out.”
- The company’s first quarter 2023 earnings call is scheduled for 4:05 p.m. ET.Conference Call at 4:30 PM ET
- Projected EPS: 79 cents
- Projected revenue: $23.44 billion
He predicted Disney’s performance would improve now that CEO Bob Iger is back at the helm of the company.
Thursday: PepsiCo, PayPal
- The fourth quarter 2022 earnings call is scheduled for 6:00 a.m. ET.Conference Call at 8:15 AM ET
- Projected EPS: $1.65
- Projected revenue: $26.84 billion
“Actually, I think they’re going to have good numbers on Thursday, but if the growth lingers, it might not be a problem for the market.
- The fourth quarter 2022 earnings call is scheduled for 4:15 p.m. ET.Conference Call at 5:00 PM ET
- Projected EPS: $1.20
- Projected revenue: $7.39 billion
“If your phone has Apple Pay built-in, who needs PayPal?” He said.
Friday: Enbridge, Newell Brands
- Q4 2022 Earnings Announcement Prior to Opening Bell; Conference Call at 9:00 AM ET
- Projected EPS: 54 cents
- Projected revenue: $10 billion
Cramer said he would like to hear from the company about where natural gas prices are headed.
- The fourth quarter 2022 earnings call is scheduled for 6:00 a.m. ET.Conference Call at 8:30 AM ET
- Projected EPS: 11 cents
- Projected revenue: $2.23 billion
According to Cramer, the company has seen a “compelling” turnaround.
Disclaimer: Cramer’s Charitable Trust owns stock in Apple and Disney.
