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Cramer’s week forward: Jam-packed earnings season continues, be prepared for market bounce

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Cramer’s week forward: Jam-packed earnings season continues, be prepared for market bounce

CNBC’s Jim Cramer stated Friday that he expects a tough begin to subsequent week on the heels of a dismal finish to April within the inventory market.

“I’m hoping that next week should be better. I’ve got to tell you, I don’t expect a good day Monday. When you have a really horrible day like today, sometimes you get a bounce. Right in, you get a bounce, and what you’ve got to do is you must sell that bounce,” the “Mad Money” host stated.

The tech-heavy Nasdaq Composite plunged nearly 4.2% on Friday whereas the S&P 500 fell 3.6%. The Dow Jones Industrial Average dropped near 2.8%. The Nasdaq and S&P 500 completed at new lows for the 12 months.

Cramer stated that subsequent week he’ll have his eye on U.S. employment studies.

“It’s possible the job numbers will have peaked because companies that hired extra workers so they’d be covered during the worst days of the pandemic have started to let them go,” he stated.

He additionally previewed subsequent week’s slate of earnings and gave his ideas on every reporting firm. All earnings and income estimates are courtesy of FactSet.

Monday: Clorox

Clorox 

  • Q3 2022 earnings launch at 4:15 p.m. ET; convention name at 4:15 p.m. ET
  • Projected EPS: 93 cents
  • Projected income: $1.79 billion

Cramer stated the corporate must report first rate numbers to ship the “tattered” inventory increased.

Tuesday: AMD, Airbnb, Starbucks

AMD

  • Q1 2022 earnings launch after the shut; convention name at 5 p.m. ET
  • Projected EPS: 91 cents
  • Projected income: $5.01 billion 

“Given how far this semiconductor stock has fallen from its highs … even an in-line quarter could send it flying,” Cramer stated.

Airbnb 

  • Q1 2022 earnings launch after the shut; convention name at 5:30 p.m. ET
  • Projected loss: lack of 25 cents per share
  • Projected income: $1.45 billion

Cramer stated he thinks Airbnb might inform “a great story.”

Starbucks

  • Q2 2022 earnings launch after the shut; convention name at 5 p.m. ET
  • Projected EPS: 60 cents
  • Projected income: $7.62 billion

While the quarter probably already felt the impact of Covid lockdowns in China, union exercise probably damage the corporate’s efficiency much more, Cramer stated.

Wednesday: CVS Health, Moderna

CVS Health

  • Q1 2022 earnings launch earlier than the open; convention name at 8 a.m. ET
  • Projected EPS: $2.16
  • Projected income: $75.54 billion

Cramer stated he is excited by listening to how the corporate will capitalize on Covid vaccines, saying he believes customers have lately rediscovered the corporate’s shops.

Moderna

  • Q1 2022 earnings launch earlier than the open; convention name at 8 a.m. ET
  • Projected EPS: $5.37
  • Projected income: $4.2 billion

“These guys have so much money from their Covid vaccine, but now they have to do something to broaden their portfolio. It can’t be a one-trick pony,” Cramer stated.

Thursday: Zoetis, DoorDash

Zoetis

  • Q1 2022 earnings launch earlier than the open; convention name at 8:30 a.m. ET
  • Projected EPS: $1.23
  • Projected income: $1.98 billion

Cramer stated he is assured the corporate will report nice numbers.

DoorDash

  • Q1 2022 earnings launch after the shut; earnings name at 5 p.m. ET
  • Projected loss: lack of 21 cents per share
  • Projected income: $1.38 billion

“If DoorDash doesn’t beat handily, it’s a ‘lookout below,'” Cramer stated.

Friday: Under Armour

Under Armour 

  • Q5 2022 (transition quarter) earnings launch at 6:55 a.m. ET; convention name at 8:30 a.m. ET
  • Projected EPS: n/a
  • Projected income: n/a

Cramer stated he plans to take heed to the decision however believes Lululemon is the reigning winner within the business.

Disclosure: Cramer’s Charitable Trust owns shares of AMD.

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