The inventory market can maintain climbing

The inventory market rallied Friday as traders reacted to the worse-than-expected April jobs report, which signifies the Federal Reserve’s straightforward coverage is unlikely to go anyplace quickly, CNBC’s Jim Cramer mentioned.

“I do know the standard knowledge says promote in Could and go away, however that silly ditty must be retired, at the very least relating to the primary week of the month, when tons of people that held onto shares did fairly nicely,” the “Mad Cash” host mentioned. “Now that the Fed stays our buddy, I wager we will maintain climbing.”

This is Cramer’s sport plan for subsequent week’s company earnings studies, which is able to supply extra perception into the state of the U.S. financial restoration.

Projections for income and earnings per share are based mostly on FactSet estimates:

Tyson Meals

• Q2 2021 earnings launch: earlier than market; convention name: 9 a.m.
• Projected EPS: $1.15
• Projected income: $11.2 billion

“We’ll hear whether or not the budding rooster scarcity goes to drive up costs [and] most likely hear concerning the worth of corn. As is, the price of animal feed retains going increased and better, meals inflation is getting out of hand,” Cramer mentioned. “Will that be ignored? Arduous to think about. Nevertheless it comes proper within the shadow of this benign jobs quantity, so once more, it most likely will not matter.”

Marriott Worldwide

• Q1 2021 earnings launch: 7 a.m.; convention name: 8:30 a.m.
• Projected EPS: Four cents
• Projected income: $2.38 billion

“We additionally hear from Marriott Worldwide and I might very very similar to to see what their bookings appear to be,” Cramer mentioned. “This morning, Expedia instructed us that pleasure journeys are filling inns, however enterprise excursions have not come again a lot in any respect as a result of all people’s nonetheless utilizing Zoom.”

Simon Property Group

• Q1 2021 earnings launch: after market; convention name: 5 p.m.
• Projected EPS: $2.27
• Projected income: $1.1 billion

“I wager they shoot the lights out,” Cramer mentioned, calling the mall operator one in all his favorites. “Brick and mortar retail is booming, at the very least in wealthier communities. Simon’s bread and butter is correct there, so I feel the numbers shall be monstrously good.”

Occidental Petroleum

• Q1 2021 earnings launch: after market: convention name: 1 p.m. Tuesday
• Projected loss per share: 33 cents
• Projected income: $4.79 billion

“We have been getting some stellar numbers from oil producers which might be feasting on this surroundings the place crude sells for greater than $60 a barrel. They earn a living there. I wager Oxy’s one in all them,” he mentioned.

Roblox

• Q1 2021 earnings launch: after market; convention name: 8:30 a.m. Tuesday
• Projected EPS: Eight cents
• Projected income: $573 million

“The corporate got here public in a kind of direct listings that are inclined to undervalue shares. I feel this can be your probability to purchase shares in a fast-grower earlier than it will get nearer to a full valuation,” Cramer mentioned.

Palantir Applied sciences

• Q1 2021 earnings launch: earlier than market; convention name: Eight a.m.
• Projected EPS: Four cents
• Projected income: $332 million

The corporate is liked by the group on Reddit’s Wall Avenue Bets, Cramer mentioned. “They satisfaction themselves on shifting shares, although, even when the basics do not advantage it … so I feel this could possibly be one other alternative to do some shopping for. The inventory is down large from the mid-$20s the place they’d pushed it as much as,” he mentioned.

Vizio

• Q1 2021 earnings launch: after market: convention name: 4:30 p.m.
• Projected loss per share: 10 cents
• Projected income: $485 million

“I typically consider Vizio in tandem with red-hot Roku. … That inventory had cooled however then went up properly after it reported final evening,” Cramer mentioned. “I might say it is at the very least value listening to Vizio to get one other view of the state of affairs, however I hesitate to suggest it due to the chip scarcity.”

Wendy’s

• Q1 2021 earnings launch: earlier than market; convention name: 8:30 a.m.
• Projected EPS: 15 cents
• Projected income: $445 million

“It is had a nasty behavior of taking place on earnings, then rallying afterward. As a lot as I prefer it … I feel you will most likely need to see the quarter earlier than you pull the set off,” Cramer mentioned.

Bumble

• Q1 2021 earnings launch: after market; convention name: 4:30 p.m.
• Projected loss per share: three cents
• Projected income: $165 million

“Match Group reported a tremendous quarter this week, so I’ve to suppose that this on-line courting competitor, Bumble, can do the identical subsequent Wednesday evening. I like Bumble,” Cramer mentioned.

GrowGeneration

• Q1 2021 earnings launch: after market; convention name: 9 a.m. Thursday
• Projected EPS: 7 cents
• Projected income: $87.1 million

GrowGeneration “tends to soar after studies,” Cramer mentioned. “I wager this time shall be no completely different, particularly as extra cash-strapped states embrace legalization with the intention to pay their payments.”

Alibaba

• This autumn 2021 earnings launch: earlier than market; convention name: 7:30 a.m.
• Projected EPS: $1.79
• Projected income: $27.83 billion

“Keep in mind, China is nicely forward of us relating to the post-pandemic restoration,” Cramer mentioned. “Alibaba ought to put up some wonderful numbers as Chinese language shoppers rebound from powerful occasions.”

Disney

• Q2 2021 earnings launch: after market; convention name: 4:30 p.m.
• Projected EPS: 27 cents
• Projected income: $15.86 billion

“Of all these, I feel Disney’s bought the most effective story going ahead — I might be a purchaser,” Cramer mentioned.

DoorDash

• Q1 2021 earnings launch: after market; convention name: 5 p.m.
• Projected loss per share: Eight cents
• Projected income: $994 million

“DoorDash has lined up some wonderful partnerships through the pandemic and I feel it will probably make good cash now, however possibly not nice cash as a result of so many individuals need to dine in individual now that they have been vaccinated,” the “Mad Cash” host mentioned.

Airbnb

• Q1 2021 earnings launch: after market; convention name: 5 p.m.
• Projected loss per share: $1.05
• Projected income: $718 million

“Airbnb would possibly inform a terrific story, however the inventory’s actually costly at a time when the market has turned towards the very best fliers,” Cramer mentioned. “However bear in mind, Airbnb shouldn’t be enterprise [travel]. It is pleasure, and pleasure is booming.”

Coinbase

• Q1 2021 earnings launch: after market; convention name: 5 p.m.
• Projected EPS: $2.98
• Projected income: $1.81 billion

“It is a thriller. Given the loopy crypto world, its enterprise ought to be booming, however as a result of it got here public by way of a dreaded direct itemizing we do not know the place the sellers are and what the darn factor is de facto value,” Cramer mentioned. “I do not belief the inventory worth. I just like the story, although.”

“I feel you will see a super-strong quantity, a barnburner. If it weren’t for at present’s weak employment quantity, we’d’ve seen bond yields surge on this retail gross sales figures, with the Fed pressured to tighten,” Cramer mentioned. “Luckily, the labor report trumps retail gross sales, however I might argue retail’s the actual comeback story proper now and which means we’re prone to have extra than simply momentary inflation.”

Disclosure: Cramer’s charitable belief owns shares of Disney.