A troublesome week, a prelude to election day

Wall Road will face a deluge of market-moving occasions within the coming weeks.

With a jam-packed week of massive firms set to report and lawmakers nonetheless negotiating a extremely anticipated stimulus invoice, traders can have lots of info to digest because the presidential election and uncertainty related to it looms.

CNBC’s Jim Cramer on Friday suggested “Mad Cash” viewers to be ready to purchase inventory on any Washington-induced pullbacks.

“It is a powerful week, a prelude to election day. Confusion lies forward,” he mentioned. “I say proceed with warning, however when you like one thing, then do some homework then watch for the inevitable swoon and purchase it into weak point.”

Cramer offered his market playbook for the week forward. All earnings projections are based mostly on FactSet estimates:

Otis Worldwide

• Q3 earnings launch: earlier than market; convention name: 10 a.m.
• Projected EPS: 56 cents
• Projected income: $3.21 billion

“Otis is levered extra to Chinese language elevator upkeep than American elevator building,” Cramer mentioned. “That makes it a terrific Biden inventory, as a result of individuals now understand Biden as being tender on China, which suggests the Communist Occasion can be much less prone to mess with Otis’ gross sales than if Trump wins once more.”

NXP Semiconductors

• Q3 earnings launch: after market; convention name: Tuesday, Eight a.m.
• Projected EPS: $1.54
• Projected income: $2.24 billion

“If the inventory reacts nicely, you possibly can financial institution on much more upside for each the chipmakers and the automakers,” he mentioned.

Twilio

• Q3 earnings launch: 4:05 p.m.; convention name: 5 p.m.
• Projected losses per share: Four cents
• Projected income: $407 million

“Twilio will assist us decide if these high-fliers are able to rebound, as a result of few firms are extra richly valued than this software program firm that helps app builders join with their clients,” the host mentioned.

Pfizer

• Q3 earnings launch: 6:45 a.m.; convention name: 10 a.m.
• Projected EPS: 69 cents
• Projected income: $12.31 billion

“Maybe extra essential, we’ll learn the way Pfizer’s vaccine is coming. We heard the president say it was across the nook in final night time’s debate,” Cramer mentioned.

Merck

• Q3 earnings launch: 6:45 a.m.; convention name: Eight a.m.
• Projected EPS: $1.44
• Projected income: $12.21 billion

Eli Lilly

• Q3 earnings launch: earlier than market; convention name: 9 a.m.
• Projected EPS: $1.71
• Projected income: $5.88 billion

“In some ways, I care extra concerning the Covid therapeutics, although,” the host mentioned. “That is what Merck and Lilly are engaged on. If we will get you out and in of the hospital quick with this horrible illness, whereas stopping long-term organ injury … that might be a gamechanger.”

Caterpillar

• Q3 earnings launch: 6:30 a.m.; convention name: 8:30 a.m.
• Projected EPS: $1.17
• Projected income: $9.73 billion

“In case you suppose the polls are proper a couple of Biden victory, you may need to purchase some CAT earlier than the quarter after which some after, as a result of the corporate would profit from higher relations with China,” he mentioned.

Stanley Black & Decker

• Q3 earnings launch: earlier than market; convention name: Eight a.m.
• Projected EPS: $2.69
• Projected income: $3.99 billion

“I’m assured that they’ll ship good numbers,” he mentioned.

Microsoft

• Q1 fiscal 2021 earnings launch: after market; convention name: 5:30 p.m.
• Projected EPS: $1.54
• Projected income: $35.76 billion

“The CEO of Microsoft, Satya Nadella, is a wizard. His solely drawback is that the corporate actually has extra enterprise than it could deal with,” Cramer mentioned.

AMD

• Q3 earnings launch: after market; convention name: 5 p.m.
• Projected EPS: 35 cents
• Projected income: $2.56 billion

“When AMD stories, I guess you may really get one thing terrific,” he mentioned.

United Parcel

• Q3 earnings launch: 6 a.m.; convention name: 8:30 a.m.
• Projected EPS: $1.90
• Projected income: $20.21 billion

“We already know that e-commerce is on fireplace. I anticipate nice issues from the brand new CEO, Carol Tome, previously the CFO of Dwelling Depot,” Cramer mentioned. “She’s a no-nonsense chief. I believe she’ll provide you with a rigorous, optimistic have a look at the vacation season.”

Boeing

• Q3 earnings launch: earlier than market; convention name: 10:30 a.m.
• Projected losses per share: $2.30
• Projected income: $14.Four billion

“I have been telling members of the ActionAlersPlus.com membership that that is the quarter earlier than the trough quarter for the bedraggled Boeing, which suggests it is time to purchase,” he mentioned. “You do not purchase a turnaround story at daybreak. You purchase it when it is darkest earlier than the daybreak.”

Normal Electrical

• Q3 earnings launch: earlier than market; convention name: Eight a.m.
• Projected losses per share: Four cents
• Projected income: $18.73 billion

“GE has a wind enterprise that is doing actual nicely … [and] a stable well being care enterprise. Not sufficient to intrigue, but,” the host mentioned. “May you please give GE three extra months?”

Ford

• Q3 earnings launch: 4:05 p.m.; convention name: 5 p.m.
• Projected EPS: 20 cents
• Projected income: $35.73 billion

“I bless shopping for Ford each earlier than and after the quarter. We have got a raging bull market in autos and that features the profitable F-150,” he mentioned.

ServiceNow

• Q3 earnings launch: after market; convention name: 5 p.m.
• Projected EPS: $1.03
• Projected income: $1.11 billion

“I anticipate a blowout from ServiceNow,” Cramer mentioned.

Etsy

• Q3 earnings launch: after market; convention name: 6 p.m.
• Projected EPS: 56 cents
• Projected income: $412 million

“I like Etsy’s red-hot masks enterprise,” Cramer mentioned.

Pinterest

• Q3 earnings launch: after market; convention name: 4:30 p.m.
• Projected EPS: Four cents
• Projected income: $380 million

“Pinterest goes up together with Snap as a result of their advertisements work,” he mentioned.

Amazon

• Q3 earnings launch: 4:01 p.m.; convention name: 5:30 p.m.
• Projected EPS: $7.38
• Projected income: $92.63 billion

“After the pandemic hit, Amazon took over the world,” Cramer mentioned.

Apple

• Q3 earnings launch: 4:30 p.m.; convention name: 5 p.m.
• Projected EPS: 71 cents
• Projected income: $63.98 billion

“Apple’s obtained their new 5G cellphone to crow about,” he mentioned.

Alphabet

• Q3 earnings launch: after market; convention name: 4:30 p.m.
• Projected EPS: $11.30
• Projected income: $42.78 billion

“Alphabet will miss as a result of it nearly at all times misses,” the host mentioned. “At this level I blame Wall Road for getting the estimates improper.”

Fb

• Q3 earnings launch: 4:05 p.m.; convention name: 6 p.m.
• Projected EPS: $1.89
• Projected income: $19.77 billion

“I anticipate big numbers from Fb,” he mentioned.

Starbucks

• Q3 earnings launch: 4:05 p.m.; convention name: 5 p.m.
• Projected EPS: 31 cents
• Projected income: $6.06 billion

“As for Starbucks, it is a work in progress. In all probability will get hit,” Cramer mentioned. “I say be affected person, it’s going to snap proper again if Biden wins the election as a result of the way forward for Starbucks is in China and it will be simpler for them to broaden there if Beijing has a much less antagonistic relationship with the White Home.”

Chevron

• Q3 earnings launch: 6:45 a.m.; convention name: 11 a.m.
• Projected losses per share: 23
• Projected income: $25.91 billion

“CEO Mike Wirth is so assured about his state of affairs that I guess he talks about serving to the setting,” Cramer mentioned.

Exxon Mobil

• Projected losses per share: 25 cents
• Projected income: $45.38 billion

“Exxon higher have one thing up its sleeve that lets them shield the dividend, which at the moment provides you a 10% yield,” he mentioned.

Disclosure: Cramer’s charitable belief owns shares of Alphabet, Apple, Fb, Amazon, Boeing, Starbucks, United Parcel, AMD and Microsoft.

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