CNBC’s Jim Cramer said Friday that after a busy day of trading on Wall Street, investors will be given an opportunity to buy stocks of high quality companies to close the month.
The major averages all fell less than 1% in the last session in April, making it a week of losses for both the Dow Jones Industrial Average and the Nasdaq Composite.
For the month as a whole, the Dow rose 2.71% while the S&P 500 and Nasdaq rose more than 5% as investors digested corporate earnings reports.
“When we go into next week … remember that this winning season has very high standards,” said the Mad Money host. “Keep your eyes peeled for more stocks that could be crushed after big quarters and then buy something.”
Cramer announced his schedule for the coming week. The earnings per share forecasts are based on FactSet estimates:
Estee Lauder
“This company, led by bankable Fabrizio Freda, put up some incredible numbers last time around. I suspect we’re going to get another blowout,” said Cramer.
Diamondback Energy
“We had some real disappointments from Chevron and Exxon today, despite the recent surge in crude oil to $ 65. So let’s see what they do with the fastest producer in the oil field,” he said.
Pfizer
“I think Pfizer is a good stock, has solid management, and has an excellent and safe dividend yield,” said Cramer. “Given that drug stocks have become the big disappointment of this earnings season, you may want to see what happens before you pull the trigger.”
CVS
“I think the new CEO, Karen Lynch, has a good story to tell … but if, like me, you read through the entire Amazon letter last night, you know they are shooting at the drugstores,” he said. “It’s going to be a tough slog. You never want to go up against Amazon if you can avoid it.”
DuPont de Nemours
“I bet it’s ready for a tough neighborhood,” said the host.
T-Mobile
“T-Mobile was the best investment in the group if you want capital appreciation. That won’t change,” he said.
General Motors
“The inventory has already been seasoned thanks to Ford pin action earlier this week,” said Cramer. “I think GM is in better shape on chips, which means it’s worth buying before the quarter.”
Scotts Miracle-Gro
“It’s one of those hobbies like boating that exploded during the pandemic and I think it carries over to this season,” he said. “Also, Scotts can give us a feel for how strong the domestic cannabis market is.”
PayPal
Twilio
“Both companies are incredible, but their stocks have been unpredictable because worldly growth stories are not currently in vogue on the Wall Street fashion show,” the host said. “If you like them, I recommend buying some before and after the quarter to make sure you get the best base.”
ViacomCBS
“We don’t really know where Viacom stock deserves trading as it was bid up more than twice by a stupid hedge fund, Archegos, and then when that fund collapsed, so did this stock,” Cramer said.
Regeneron
“The Washington health complex has not been kind to Regeneron,” he said.
Penn National Gaming
“The gambling has taken a real run here, momentum,” said the hosts. “Has the partnership with Barstool drawn in the players I think they have? I bet the numbers are good.”
year
Peloton
“We have adjusted our habits and will continue to do some of these things after the pandemic is over, but these two [stocks] are two of the most expensive stocks in the entire market, “said Cramer.” Your profit may not translate into higher stock prices. “
AMC Entertainment
“There are so many stocks up for sale that I don’t think it can rebound even if reopening will save the business,” he said.
Disclosure: Cramer’s charitable foundation owns shares in DuPont de Nmours.
Disclaimer of liability
Questions for Cramer?
Call Cramer at 1-800-743-CNBC
Would you like to dive deep into Cramer’s world? Open it up!
Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram
Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com
Clay Gravesande and AD Smith: Broke upWhile Clay expressed his reservations about marriage due to…
Jim Cramer explained Tuesday morning why the Investing Club is trying to strike a delicate…
President of the Government Pedro Sanchez speaks during the official opening dinner of the Mobile…
Representative Al Green shouts as President Donald Trump addresses a joint session of Congress at…
Black and other minority entrepreneurs have a $3 trillion opportunity to become entrepreneurs through the…
Picture this: a bustling apartment complex filled with tenants who reliably pay rent every month.…
This website uses cookies.