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Cramer’s week forward: Earnings season accelerates 


Jim Cramer

Scott Mlyn | CNBC

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

“We’re really going to get the influence of each inflation and the reopening,” he mentioned on “Mad Cash.” “I feel the previous’s an enormous unfavourable, however the latter’s so optimistic that the ball can keep within the air, prepared for a fantastic stuff over the web and to the ground.”

Cramer gave his sport plan for the week forward. Earnings-per-share projections are based mostly 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 mentioned, “however I nonetheless count on an excellent quantity from them and an excellent story about meals service reopenings.”

United Airways

  • 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 mentioned, including the inventory can proceed to rally. “I feel it is the best 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 is going to the brand new IBM do, the one which saved the fast-growing companies led by Purple Hat? I feel it is too early to inform, however the inventory’s been hanging in there,” Cramer mentioned.

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 completed such nice work on Covid diagnostics … that it is laborious to imagine they will not hit it out of the park,” Cramer mentioned.

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 feel 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 individuals vaccinated with some security,” he mentioned. “I guess J&J has a incredible quarter and divulges a good 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 Avenue’s really anxious 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 mentioned. “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 ought to be enjoyable. Netflix sometimes beats the numbers and the principals at all times appear to have a good time speaking about their enterprise,” he mentioned. “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 mentioned. “For those who’ve gotta personal a telephone firm, I’ve to let you know I desire T-Cellular.”

Lam Analysis

  • 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 gear wanted to fabricate new chips,” he mentioned. “Once you hear Taiwan Semi endlessly speaking about elevating its capital gear 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 mentioned.

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 feel Union Pacific goes to inform a narrative of constructing extra with much less, that means effectivity galore,” Cramer mentioned.

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 superb numbers, permitting the inventory to interrupt out to the $70s,” he mentioned.

Danaher

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

“I can not wait to see how properly they’re doing,” the host mentioned. “I count on 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 isn’t, so Nucor ought to put up some unbelievable numbers,” he mentioned.

Intel

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

“I feel Pat’s doing a terrific job inspiring individuals each inside and out of doors this nice establishment,” Cramer mentioned. “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 feel the shorts might be leaning towards Boston Beer, as they at all times do, due to the [spiked seltzer] competitors,” he mentioned. “My view? The class’s rising so quickly, the mother or father of Sam Adams ought to do exactly advantageous, thanks.”

Friday: Honeywell, American Specific

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 turning into a software-as-a-building-service play, to not point out an unbelievable well being care firm. I feel the numbers can go greater nonetheless,” Cramer mentioned.

American Specific

  • 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 facility of the nice reopening. With its mixture of small enterprise … credit score, journey and leisure strains, we should always be capable of get an excellent learn on the power of the restoration going ahead,” he mentioned.

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

Disclaimer

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