Jim Cramer
Scott Mlyn | CNBC
CNBC’s Jim Cramer said Friday that the real earnings season will begin on Monday after major banks released their quarterly results earlier this week.
“We will actually get the effects of both inflation and the reopening,” he told Mad Money. “I think the former is a big negative, but the latter is so positive that the ball can stay in the air, ready for some nice stuff over the net and on the ground.”
Cramer announced his schedule for the coming week. The earnings per share forecasts are based on FactSet estimates:
coke
“I’m concerned that Coca-Cola is a drink-only drink with no snack business,” Cramer said, “but I’m still expecting a good number of them and a great story about the reopening of food services.”
United Airlines
“If it’s something like Delta, you’ll hear about the boom to come,” he said, adding that the stock can continue to rise. “I think it’s the right place.”
IBM
“What will the new IBM that led the fast-growing Red Hat-led companies do? I think it’s too early to judge, but stock has stayed there,” said Cramer.
Abbott Laboratories
“Abbott did such a great job on Covid diagnostics … it’s hard to believe they can’t make it out of the park,” Cramer said.
Johnson & Johnson
“J&J has become more controversial, although I think it has been wrongly penalized by a CDC that appears to be more concerned with preventing the public from vaccinating than actually vaccinating people with some certainty,” said he. “I bet J&J is having a fantastic quarter and showing an even better pipeline.”
Procter & Gamble
“The street is actually worried about this. First, there are tough comparisons with the home-stay numbers they came up with a year ago,” said the host. “Second, they handle real inflation from plastics to surfactants [and] Freight.”
Netflix
“That should be fun. Netflix usually beats the numbers and clients always seem to have a good time talking about their business,” he said. “The Netflix conference call also has good content.”
Verizon
“I’m starting to think it’s stuck there, making it feel more like a bond than a stock,” Cramer said. “If you have to own a phone company, I have to tell you that I prefer T-Mobile.”
Lam Research
“Lam is the answer to the semiconductor shortage – they make the equipment needed to make new chips,” he said. “When you hear Taiwan Semi talk endlessly about increasing its investment budget, it means Lam is going to make a fortune.”
Chipotle
“I bet this prime example of great natural foods and phenomenal customer service will blast the doors of the quarter and trigger another round of target hikes as analysts desperately try to catch up on the stock price,” the host said.
Union Pacific
“I think Union Pacific will tell the story of doing more with less, which is efficiency galore,” said Cramer.
Dow
“If PPG is a guide from last night, it should come up with some amazing numbers that will allow the stock to break out into the ’70s,” he said.
Danaher
“I can’t wait to see how good you are,” said the host. “I expect a fantastic quarter.”
Nucor
“We are in an inflationary era, temporary or not, so Nucor should come up with some incredible numbers,” he said.
Intel
“I think Pat is doing a great job inspiring people both inside and outside of this great institution,” said Cramer. “If the stock gets hit, I would be a buyer. Gelsinger can’t turn the Intel battleship down to a dime, but it will be turned.”
Boston Beer
“I think the shorts will lean on Boston Beer as always because of that [spiked seltzer] Competition, “he said.” My opinion? The category is growing so fast that Sam Adams parents should do well, thank you. “
Honeywell
“Honeywell is becoming a software-as-a-building service game, not to mention an incredible healthcare company. I think the numbers can keep growing,” said Cramer.
American Express
“It’s about gauging the power of the great reopening. With its combination of small business … lines of credit, travel and entertainment, we should be able to gauge the strength of the future recovery,” he said.
Disclosure: Cramer’s charitable foundation owns interests in Abbott Laboratories, Union Pacific, and Honeywell.
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