The job report for June can be essential

On Jun 26, 2021

CNBC’s Jim Cramer advised investors on Friday to keep their heads clear for the days ahead as Wall Street stands ready to digest June’s job report in a week.

The report will be crucial given the ongoing debate over rising consumer prices in the US, he said.

“Next week will be all about Friday’s non-farm payroll report. Regardless of the actual number, the inflation hawks will come on TV, they will make a lot of noise about how the economy is doing.” [overheating]”And the Fed has to pick up immediately, said the moderator of” Mad Money “.

The comments come after major stock indices rebounded from notable declines a week ago this week.

The S&P 500 and Nasdaq Composite rose in Friday’s session and hit new record highs. The Dow Jones Industrial Average climbed to 1% of its own closing high in early May.

Cramer also pointed out the corporate earnings reports he will be looking out for in the coming week.

The forecasts for sales and earnings per share are based on FactSet estimates:

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Monday: Herman Miller win

Hermann Miller

Earnings Release for Fourth Quarter 2021: After Market; Conference call: Tuesday, 9:30 a.m.
Projected earnings per share: 39 cents
Expected revenue: $ 583 million

“I think Herman Miller feels like a pandemic game when we’re really looking for post-pandemic games. Call me a little nervous,” Cramer said.

Tuesday: AeroVironment Results

AeroVironment

Earnings Release for Fourth Quarter 2021: After Market; Conference call: 4:30 p.m.
Projected earnings per share: 81 cents
Expected revenue: $ 147 million

“Unmanned aerial vehicles are pretty cool, but what I’m interested in is unmanned ground vehicles,” said Cramer. “Right now we have a real shortage of truck drivers and by the way, AeroVironment looks like it has some answers.”

Wednesday: Constellation Brands, General Mills, Bed Bath & Beyond, Micron Income

Constellation marks

Earnings release for the first quarter of 2022: before market opening; Conference call: 11:30 a.m.
Projected earnings per share: $ 2.35
Expected sales: $ 2 billion

“I’m looking for a very large number that only Covid might hold them back because they make these beers in Mexico and Mexico’s way is behind us in shutting down the pandemic,” the host said.

General mills

Earnings release for the fourth quarter of 2021: ahead of market; Conference call: 9 a.m.
Projected earnings per share: 85 cents
Expected sales: $ 4.36 billion

“Many analysts fear that inflation will cause a blow,” said Cramer. “I’m actually looking for something else this morning. There is an area report by the federal government that could show an enormous increase in maize, which could shake the entire raw material complex.”

Bed bath in addition

Earnings release for the first quarter of 2021: ahead of market; Conference call: 8:15 a.m.
Projected earnings per share: 8 cents
Expected sales: $ 1.87 billion

“I think this company could just turn out to be a damn good retailer with real products that could make this thing a real survivor,” Cramer said. “Bed Bath & Beyond might be worth owning.”

Micron technology

Earnings release for the third quarter of 2021: After Market; Conference call: 4:30 p.m.
Projected earnings per share: $ 1.71
Expected sales: $ 7.2 billion

“The last time you reported, the stock peaked like the semiconductor cycle was over,” he said. “I think it’s ridiculous and Micron has more wiggle room, but … the decline has been torture and I bet shareholders will go for any increase.”

Thursday: Walgreens Boots Alliance, McCormick Win

Walgreens Boots Alliance

Earnings Release for Fourth Quarter 2021: After Market; Conference call: 4:30 p.m.
Projected earnings per share: $ 1.15
Expected sales: $ 33.49 billion

“I doubt anyone can change this downward trend [in the stock], except maybe, [CEO Roz] Brewer, “said Cramer.” I wish her the best, but Walgreens was a real wow-wow. “

McCormick

Publication of results for the second quarter of 2021: 6:30 a.m. Conference call: 8 a.m.
Projected earnings per share: 62 cents
Expected sales: $ 1.46 billion

“We still cook today, but with restaurants reopening everywhere, people are running out … a lot of catching up to do,” he said. “McCormick has made some tough comparisons with last year.”