The stock market creates buying opportunities

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CNBC’s Jim Cramer said on Friday that investors should be prepared to find buying opportunities in the stock market with the earnings season in full swing.

When companies release quarterly results, market participants digest the numbers quickly and Wall Street tends to make a lot of mistakes, he said, citing the trading action of Honeywell and American Express as an example.

“There will be reports next week that will encounter negativity and not all of them will be really bad, so I urge you to take advantage of this weakness,” the host of ‘Mad Money’ said.

As well-known brands like Boeing, Microsoft, Starbucks and Amazon are set to report, this is shaping up to be the most brutal part of the earnings season, he added.

“As we head into the next five days of earnings, you need to think about what’s squashed as much as what works, because this market creates incredible buying opportunities,” Cramer said.

Cramer has given his game plan for the coming week. The earnings per share projections are based on FactSet estimates:

Monday: Tesla

You’re here

  • Publication of first quarter 2021 results: after market close; conference call: 5:30 p.m.
  • Projected EPS: 75 cents
  • Projected revenue: $ 10.48 billion

“These numbers impact more than Tesla itself. There are dozens of electric vehicle SPACs, smaller stocks that need Tesla to be successful because it gives legitimacy to the whole group,” Cramer said. “I like Tesla at these levels. I bet the quarter will be good.”

Tuesday: Alphabet, Microsoft, Starbucks and Advanced Micro

Alphabet

  • Publication of first quarter 2021 results: after market close; conference call: 5 p.m.
  • Projected EPS: $ 15.70
  • Projected revenue: $ 51.38 billion

“We have to focus on Google Cloud. I think it steals the show. I like it a lot,” Cramer said.

Microsoft

  • Publication of Q3 2021 results: after market close; conference call: 5:30 p.m.
  • Projected EPS: $ 1.78
  • Projected revenues: $ 41.04 billion

“Microsoft’s stock has grown so much that it needs to report a monster quarterback with huge Azure numbers. Funny thing is I think they’ll probably do it. I say stick with it,” he said. .

Starbucks

  • Publication of Q2 2021 results: after market close; conference call: 5 p.m.
  • Projected EPS: 53 cents
  • Projected revenue: $ 6.78 billion

“Chinese business is expected to be very strong, but the United States is still transitioning to a new world where this is the only game in town,” the host said. “Starbucks has had a monster run over the past year in anticipation of the grand reopening and this call, well, maybe it’s too early. I’m looking for a pullout.”

Advanced micro-systems

  • Publication of first quarter 2021 results: after market close; conference call: 5 p.m.
  • Projected EPS: 44 cents
  • Projected revenue: $ 3.18 billion

“I bet Lisa Su, the relentless CEO, will tell a great story. And unlike so many other semiconductor names, her stock is actually down 10% for the year, which means that it might be ready to switch, ”he said.

Wednesday: Boeing, Apple, Ford Motor and Facebook

Boeing

  • Publication of results for the first quarter of 2021: before market; Conference call: 10:30 a.m.
  • Projected loss per share: 96 cents
  • Projected revenue: $ 15.41 billion

“If you’re like me and think we could be heading for an unprecedented economic boom, including the biggest travel assault in this country’s history, then you want to own the company that uses it the most. him, and it’s Boeing, “Cramer said.

Apple

  • Publication of Q2 2021 results: 4.30 p.m. conference call: 5 p.m.
  • Projected EPS: 98 cents
  • Projected revenue: $ 76.71 billion

“Apple’s stock has been lagging behind, until recently. It caught fire when we heard about better cell phone sales and a potential major breakthrough in the business,” he said. declared.

Ford engine

  • Publication of first quarter 2021 results: 4:05 p.m. conference call: 5 p.m.
  • Projected EPS: 21 cents
  • Projected revenue: $ 36.13 billion

“I expect great numbers despite the chip shortage,” said the host. “Ford is worth buying.”

Facebook

  • Publication of first quarter 2021 results: after market close; conference call: 5 p.m.
  • Projected EPS: $ 2.34
  • Projected revenue: $ 23.72 billion

“Judging from what we heard from Snap last night… I think you have to believe Facebook is going to take it out of the park,” he said. “Again, it’s not too late to be a Facebook buyer because I think it’s reaching all-time highs.”

Thursday: Amazon, Skyworks

Amazon

  • Publication of first quarter 2021 results: after market close; conference call: 5:30 p.m.
  • Projected EPS: $ 9.49
  • Projected revenue: $ 104.49 billion

“The stock has been on the water for months precisely because people are worried about year-over-year comparisons,” Cramer said. “I think the company has gained new members … I think the stock is still working.”

Skyworks

  • Publication of Q2 2021 results: after market close; conference call: 4:30 p.m.
  • Projected EPS: $ 2.35
  • Projected revenue: $ 1.15 billion

“I’m predicting a real rash,” he said.

Friday: Exxon Mobil, Chevron, Clorox, Colgate

Exxon Mobil

  • Publication of first quarter 2021 results: 6.30 a.m. conference call: 9:30 a.m.
  • Projected EPS: 60 cents
  • Projected revenue: $ 56.38 billion

Chevron

  • Publication of results for the first quarter of 2021: before market; conference call: 11 a.m.
  • Projected EPS: 89 cents
  • Projected revenue: $ 32.54 billion

“When I listen to the oil folks talk about, I get the kind of positive vibe that I haven’t heard in ages. With prices rising and costs falling, I think these two companies could surprise on the upside, ”Cramer said.

Clorox

  • Publication of Q3 2021 results: before market; conference call: 1:30 p.m.
  • Projected EPS: $ 1.47
  • Projected revenue: $ 1.86 billion

Colgate

  • Publication of results for the first quarter of 2021: before market; conference call: 8:30 a.m.
  • Projected EPS: 79 cents
  • Projected revenue: $ 4.27 billion

“Wall Street is wary on both of these aspects,” he said. “I can’t say that their actions will behave well when they report … At best, they are battlefield actions and there is no reason to approach a battlefield, not in this market. “

Disclosure: Cramer’s charitable trust owns shares of Amazon, Ford, Boeing, Facebook, Alphabet, Honeywell, Microsoft and Starbucks.

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