CNBC’s Jim Cramer on Friday told investors that stocks will seemingly proceed to fabricate smartly as lengthy because the economy holds up.
“Many firms dangle battened down the hatches, so that you just need to be in contact, and prepped for a recession. So if we create no longer catch a excessive slowdown, they’re going to certainly set up flying,” he mentioned.
He also previewed next week’s slate of earnings. All earnings and revenue estimates are courtesy of FactSet.
Monday: Logitech
- Q2 2023 earnings release at 9 p.m. ET; convention call on Tuesday at 8: 30 a.m. ET
- Projected EPS: 85 cents
- Projected revenue: $1.2 billion
Cramer mentioned the inventory could per chance perhaps seize a success thanks to the slowdown within the PC market.
Tuesday: Halliburton, Coca-Cola, Alphabet, Microsoft
- Q3 2022 earnings release at 6: 45 a.m. ET; convention call at 9 a.m. ET
- Projected EPS: 56 cents
- Projected revenue: $5.34 billion
Halliburton’s inventory could per chance perhaps cruise after it stories earnings, he predicted.
- Q3 2022 earnings release at 6: 55 a.m. ET; convention call at 8: 30 a.m. ET
- Projected EPS: 64 cents
- Projected revenue: $10.52 billion
Cramer mentioned he expects the company to dangle a proper quarter, similar to Pepsi-Co‘s.
- Q3 2022 earnings release at 4 p.m. ET; convention call at 5 p.m. ET
- Projected EPS: $1.27
- Projected revenue: $71.08 billion
The Google guardian company will seemingly document a proper quarter attributable to the energy of YouTube, he predicted.
- Q1 2023 earnings release at 4: 05 p.m. ET; convention call at 5: 30 p.m. ET
- Projected EPS: $2.31
- Projected revenue: $49.66 billion
Cramer mentioned he expects the inventory to leap after the company stories.
Wednesday: Meta, Ford
- Q3 2022 earnings release at 4: 05 p.m. ET; convention call at 5 p.m. ET
- Projected EPS: $1.90
- Projected revenue: $27.47 billion
He called himself the “most productive believer” of the Fb guardian company.
- Q3 2022 earnings release at 4: 05 p.m. ET; convention call at 5 p.m. ET
- Projected EPS: 27 cents
- Projected revenue; $37.46 billion
While the examine is there for Ford’s vehicles, provide is no longer always essentially, Cramer mentioned.
Thursday: Apple, Amazon
- Q4 2022 earnings release at 4: 30 p.m. ET; convention call at 5 p.m. ET
- Projected EPS: $1.27
- Projected revenue: $88.79 billion
Cramer mentioned he’s sticking to his mantra of “dangle it, create no longer replace it” in the case of Apple.
- Q3 2022 earnings release at 4 p.m. ET; convention call at 5: 30 p.m. ET
- Projected EPS: 22 cents
- Projected revenue: $127.49 billion
Cramer mentioned he likes the company, especially because of its cloud enterprise appears to be doing smartly.
Friday: Colgate-Palmolive
- Q3 2022 earnings release at 7 a.m. ET; convention call at 8: 30 a.m. ET
- Projected EPS: 73 cents
- Projected revenue; $4.47 billion
There are better consumer packaged-items plays than Colgate, he mentioned.
Disclaimer: Cramer’s Charitable Trust owns shares of Halliburton, Alphabet, Microsoft, Meta, Ford, Apple and Amazon.
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