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Cramer’s week forward: Earnings season accelerates


Jim Cramer

Scott Mlyn | CNBC

CNBC’s Jim Cramer stated Friday that the “actual earnings” season will get underway Monday after the most important banks posted their quarterly outcomes earlier this week.

“We’re really going to get the affect of each inflation and the reopening,” he stated on “Mad Money.” “I believe the previous’s a giant detrimental, however the latter’s so constructive that the ball can keep within the air, prepared for a gorgeous stuff over the web and to the ground.”

Cramer gave his recreation plan for the week forward. Earnings-per-share projections are primarily based on FactSet estimates:

Monday: Coca-Cola, United Airways, IBM

Coca-Cola

  • Q1 2021 earnings launch: earlier than market; convention name: 8:30 a.m.
  • Projected EPS: 50 cents
  • Projected income: $8.68 billion

“I fear that Coca-Cola’s pure beverage with no snacking enterprise,” Cramer stated, “however I nonetheless anticipate a very good quantity from them and an awesome story about meals service reopenings.”

United Airlines

  • Q1 2021 earnings launch: after market; convention name: Tuesday at 10:30 a.m.
  • Projected losses per share: $7.05
  • Projected income: $3.27 billion

“If it is something like Delta, you are going to hear in regards to the coming growth,” he stated, including the inventory can proceed to rally. “I believe it is the proper place to be.”

IBM

  • Q1 2021 earnings launch: after market; convention name: 5 p.m.
  • Projected EPS: $1.69
  • Projected income: $17.32 billion

“What’s going to the brand new IBM do, the one which saved the fast-growing companies led by Crimson Hat? I believe it is too early to inform, however the inventory’s been hanging in there,” Cramer stated.

Tuesday: Abbott Laboratories, Johnson & Johnson, Procter & Gamble, Netflix

Abbott Laboratories

  • Q1 2021 earnings launch: earlier than market; convention name: 9:30 a.m.
  • Projected EPS: $1.27
  • Projected income: $10.69 billion

“Abbott’s finished such nice work on Covid diagnostics … that it is onerous to imagine they will not hit it out of the park,” Cramer stated.

Johnson & Johnson

  • Q1 earnings 2021 launch: 6:45 a.m.; convention name: 8:30 a.m.
  • Projected EPS: $2.34
  • Projected income: $22 billion

“J&J’s gotten extra controversial, although I believe it has been unfairly punished by a CDC that appears extra intent on scaring the general public out of getting a vaccination than really getting folks vaccinated with some security,” he stated. “I guess J&J has a incredible quarter and divulges a fair higher pipeline.”

Procter & Gamble

  • Q3 2021 earnings launch: earlier than market; convention name: 8:30 a.m.
  • Projected EPS: $1.19
  • Projected income: $17.97 billion

“The Road’s really frightened about this one. First, there are robust comparisons versus the stay-at-home numbers they have been placing up a yr in the past,” the host stated. “Second, they’re dealing with actual inflation from plastics to surfactants [and] freight.”

Netflix

  • Q1 2021 earnings launch: 4 p.m.; convention name: 6 p.m.
  • Projected EPS: $2.97
  • Projected income: $7.14 billion

“This must be enjoyable. Netflix sometimes beats the numbers and the principals all the time appear to have a good time speaking about their enterprise,” he stated. “Even the Netflix convention name has good content material.”

Wednesday: Verizon, Lam Analysis, Chipotle

Verizon

  • Q1 2021 earnings launch: 7:30 a.m.; convention name: 8:30 a.m.
  • Projected EPS: $1.29
  • Projected income: $32.47 billion

“I am starting to imagine it is caught there, making it really feel like extra of a bond than a inventory,” Cramer stated. “In case you’ve gotta personal a cellphone firm, I’ve to inform you I choose T-Mobile.”

Lam Research

  • Q3 2021 earnings launch: after market; convention name: 5 p.m.
  • Projected EPS: $6.61
  • Projected income: $3.72 billion

“Lam is the reply to the semiconductor scarcity—they make the tools wanted to fabricate new chips,” he stated. “While you hear Taiwan Semi endlessly speaking about elevating its capital tools finances, that signifies that Lam goes to make a fortune.”

Chipotle

  • Q1 earnings launch: 4:10 p.m.; convention name: 4:30 p.m.
  • Projected EPS: $4.89
  • Projected income: $1.75 billion

“I am betting this paragon of nice pure meals and phenomenal customer support will blow the doorways off the quarter, triggering one other spherical of worth goal boosts because the analysts desperately attempt to play catch-up to the inventory worth,” the host stated.

Thursday: Union Pacific, Dow, Danaher, Nucor, Intel Boston Beer

Union Pacific

  • Q1 2021 earnings launch: 8 a.m.; convention name: 8:45 a.m.
  • Projected EPS: $2.06
  • Projected income: $5.05 billion

“I believe Union Pacific goes to inform a narrative of creating extra with much less, that means effectivity galore,” Cramer stated.

Dow

  • Q1 2021 earnings launch: 6 a.m.; convention name: 8 a.m.
  • Projected EPS: $1.12
  • Projected income: $11.09 billion

“If PPG is any information from final evening, it ought to put up some wonderful numbers, permitting the inventory to interrupt out to the $70s,” he stated.

Danaher

  • Q1 2021 earnings launch: 6 a.m.; convention name: 8 a.m.
  • Projected EPS: $1.76
  • Projected income: $6.29 billion

“I am unable to wait to see how effectively they’re doing,” the host stated. “I anticipate a incredible quarter.”

Nucor

  • Q1 2021 earnings launch: TBD; convention name: 2 p.m.
  • Projected EPS: $3.05
  • Projected income: $7.18 billion

“We’re in an inflationary period, whether or not it is transitory or whether or not it is not, so Nucor ought to put up some unimaginable numbers,” he stated.

Intel

  • Q1 2021 earnings launch: after market; convention name: 5 p.m.
  • Projected EPS: $1.14
  • Projected income: $17.78 billion

“I believe Pat’s doing a terrific job inspiring folks each inside and outdoors this nice establishment,” Cramer stated. “If the inventory will get hit, I might be a purchaser. Gelsinger cannot flip the Intel battleship on a dime, however it will likely be turned.”

Boston Beer

  • Q1 2021 earnings launch: 4 p.m.; convention name: 5 p.m.
  • Projected EPS: $2.55
  • Projected income: $477 million

“I believe the shorts might be leaning in opposition to Boston Beer, as they all the time do, due to the [spiked seltzer] competitors,” he stated. “My view? The class’s rising so quickly, the dad or mum of Sam Adams ought to just do positive, thanks.”

Friday: Honeywell, American Categorical

Honeywell

  • Q1 2021 earnings launch: earlier than market; convention name: 8:30 a.m.
  • Projected EPS: $1.80
  • Projected income: $8.08 billion

“Honeywell’s changing into a software-as-a-building-service play, to not point out an unimaginable well being care firm. I believe the numbers can go greater nonetheless,” Cramer stated.

American Express

  • Q1 earnings launch: 7 a.m.; convention name: 8:30 a.m.
  • Projected EPS: $1.61
  • Projected income: $9.21 billion

“It is all about gauging the ability of the nice reopening. With its mixture of small enterprise … credit score, journey and leisure strains, we should always be capable of get a very good learn on the power of the restoration going ahead,” he stated.

Disclosure: Cramer’s charitable belief owns shares of Abbott Laboratories, Union Pacific and Honeywell.

Disclaimer

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