Cramer’s week forward: Earnings season accelerates

CNBC’s Jim Cramer stated Friday that the “actual earnings” season will get underway Monday after the key banks posted their quarterly outcomes earlier this week.

“We’re really going to get the impression of each inflation and the reopening,” he stated on “Mad Cash.” “I believe the previous’s an enormous detrimental, however the latter’s so optimistic that the ball can keep within the air, prepared for a gorgeous stuff over the web and to the ground.”

Cramer gave his recreation plan for the week forward. Earnings-per-share projections are based mostly on FactSet estimates:

Coca-Cola

• Q1 2021 earnings launch: earlier than market; convention name: 8:30 a.m.
• Projected EPS: 50 cents
• Projected income: $8.68 billion

“I fear that Coca-Cola’s pure beverage with no snacking enterprise,” Cramer stated, “however I nonetheless count on a very good quantity from them and a terrific story about meals service reopenings.”

United Airways

• Q1 2021 earnings launch: after market; convention name: Tuesday at 10:30 a.m.
• Projected losses per share: $7.05
• Projected income: $3.27 billion

“If it is something like Delta, you are going to hear in regards to the coming growth,” he stated, including the inventory can proceed to rally. “I believe it is the appropriate place to be.”

IBM

• Q1 2021 earnings launch: after market; convention name: 5 p.m.
• Projected EPS: $1.69
• Projected income: $17.32 billion

“What is going to the brand new IBM do, the one which saved the fast-growing companies led by Pink Hat? I believe it is too early to inform, however the inventory’s been hanging in there,” Cramer stated.

Abbott Laboratories

• Q1 2021 earnings launch: earlier than market; convention name: 9:30 a.m.
• Projected EPS: $1.27
• Projected income: $10.69 billion

“Abbott’s completed such nice work on Covid diagnostics … that it is laborious to imagine they will not hit it out of the park,” Cramer stated.

Johnson & Johnson

• Q1 earnings 2021 launch: 6:45 a.m.; convention name: 8:30 a.m.
• Projected EPS: $2.34
• Projected income: $22 billion

“J&J’s gotten extra controversial, although I believe it has been unfairly punished by a CDC that appears extra intent on scaring the general public out of getting a vaccination than really getting folks vaccinated with some security,” he stated. “I wager J&J has a incredible quarter and divulges a fair higher pipeline.”

Procter & Gamble

• Q3 2021 earnings launch: earlier than market; convention name: 8:30 a.m.
• Projected EPS: $1.19
• Projected income: $17.97 billion

“The Road’s really frightened about this one. First, there are robust comparisons versus the stay-at-home numbers they have been placing up a yr in the past,” the host stated. “Second, they’re dealing with actual inflation from plastics to surfactants [and] freight.”

Netflix

• Q1 2021 earnings launch: Four p.m.; convention name: 6 p.m.
• Projected EPS: $2.97
• Projected income: $7.14 billion

“This needs to be enjoyable. Netflix usually beats the numbers and the principals all the time appear to have a good time speaking about their enterprise,” he stated. “Even the Netflix convention name has good content material.”

Verizon

• Q1 2021 earnings launch: 7:30 a.m.; convention name: 8:30 a.m.
• Projected EPS: $1.29
• Projected income: $32.47 billion

“I am starting to imagine it is caught there, making it really feel like extra of a bond than a inventory,” Cramer stated. “Should you’ve gotta personal a cellphone firm, I’ve to let you know I want T-Cell.”

Lam Analysis

• Q3 2021 earnings launch: after market; convention name: 5 p.m.
• Projected EPS: $6.61
• Projected income: $3.72 billion

“Lam is the reply to the semiconductor scarcity—they make the tools wanted to fabricate new chips,” he stated. “Once you hear Taiwan Semi endlessly speaking about elevating its capital tools price range, that signifies that Lam goes to make a fortune.”

Chipotle

• Q1 earnings launch: 4:10 p.m.; convention name: 4:30 p.m.
• Projected EPS: $4.89
• Projected income: $1.75 billion

“I am betting this paragon of nice pure meals and phenomenal customer support will blow the doorways off the quarter, triggering one other spherical of worth goal boosts because the analysts desperately attempt to play catch-up to the inventory worth,” the host stated.

Union Pacific

• Q1 2021 earnings launch: Eight a.m.; convention name: 8:45 a.m.
• Projected EPS: $2.06
• Projected income: $5.05 billion

“I believe Union Pacific goes to inform a narrative of constructing extra with much less, that means effectivity galore,” Cramer stated.

Dow

• Q1 2021 earnings launch: 6 a.m.; convention name: Eight a.m.
• Projected EPS: $1.12
• Projected income: $11.09 billion

“If PPG is any information from final night time, it ought to put up some wonderful numbers, permitting the inventory to interrupt out to the $70s,” he stated.

Danaher

• Q1 2021 earnings launch: 6 a.m.; convention name: Eight a.m.
• Projected EPS: $1.76
• Projected income: $6.29 billion

“I can not wait to see how nicely they’re doing,” the host stated. “I count on a incredible quarter.”

Nucor

• Q1 2021 earnings launch: TBD; convention name: 2 p.m.
• Projected EPS: $3.05
• Projected income: $7.18 billion

“We’re in an inflationary period, whether or not it is transitory or whether or not it isn’t, so Nucor ought to put up some unbelievable numbers,” he stated.

Intel

• Q1 2021 earnings launch: after market; convention name: 5 p.m.
• Projected EPS: $1.14
• Projected income: $17.78 billion

“I believe Pat’s doing a terrific job inspiring folks each inside and outdoors this nice establishment,” Cramer stated. “If the inventory will get hit, I would be a purchaser. Gelsinger cannot flip the Intel battleship on a dime, however will probably be turned.”

Boston Beer

• Q1 2021 earnings launch: Four p.m.; convention name: 5 p.m.
• Projected EPS: $2.55
• Projected income: $477 million

“I believe the shorts will probably be leaning towards Boston Beer, as they all the time do, due to the [spiked seltzer] competitors,” he stated. “My view? The class’s rising so quickly, the mother or father of Sam Adams ought to do exactly advantageous, thanks.”

Honeywell

• Q1 2021 earnings launch: earlier than market; convention name: 8:30 a.m.
• Projected EPS: $1.80
• Projected income: $8.08 billion

“Honeywell’s turning into a software-as-a-building-service play, to not point out an unbelievable well being care firm. I believe the numbers can go larger nonetheless,” Cramer stated.

American Specific

• Q1 earnings launch: 7 a.m.; convention name: 8:30 a.m.
• Projected EPS: $1.61
• Projected income: $9.21 billion

“It is all about gauging the facility of the good reopening. With its mixture of small enterprise … credit score, journey and leisure strains, we must always have the ability to get a very good learn on the power of the restoration going ahead,” he stated.

Disclosure: Cramer’s charitable belief owns shares of Abbott Laboratories, Union Pacific and Honeywell.

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