CNBC’s Jim Cramer warned investors on Friday not to make trading decisions just released on a company’s earnings report.
Stocks returned on Friday after initially falling on quarterly earnings reports and recession warnings from major banks. All three major indices ended the week higher as investors digested a series of earnings reports and economic data that suggested inflation was cooling.
Cramer, who earlier this week offered investors a set of guidelines for earnings season, called Friday’s trading session an example of why investors need to be disciplined with their portfolios.
“Every quarter I make the same argument about how you should wait and do more work before pulling the trigger, but a lot of people remain unconvinced,” he said.
He also reviewed next week’s list of quarterly reports. All earnings, revenue and economic data estimates are courtesy of FactSet.
Tuesday: Goldman Sachs, Morgan Stanley, United Airlines
Goldman Sachs
- Q4 2022 earnings release at 7:30 am ET; conference call at 9:30 am ET
- Projected EPS: $5.56
- Projected revenue: $10.76 billion
The company’s shares could soar higher if the earnings report beats expectations, he said.
Morgan Stanley
- Q4 2022 earnings release at 7:30 am ET; conference call at 8:30 am ET
- Projected EPS: $1.29
- Projected revenue: $12.54 billion
Cramer said he expects a “fantastic” report from the bank.
united airlines
- Q4 2022 earnings release at 4:30 pm ET; conference call on Wednesday at 10:30 am ET
- Projected EPS: $2.11
- Projected revenue: $12.23 billion
The company will make big numbers as consumers continue to spend on travel, he predicted.
Wednesday: Transportation JB Hunt, Alcoa
J.B. Hunt Transportation
- Q4 2022 Earnings Release Before the Bell; conference call at 9 am ET
- Projected EPS: $2.45
- Projected revenue: $3.83 billion
Cramer said he will watch for any signs that there is a slowdown in trade.
alcohol
- Q4 2022 earnings release at 4:10 pm ET; conference call at 5 pm ET
- Projected loss: 69 cents per share
- Projected revenue: $2.65 billion
Metals “have become crazy stock producers… The aluminum company knows if the move in metals is just a squeeze or the real deal with real demand,” he said.
Thursday: Procter & Gamble, Netflix
Procter & Gamble
- Q2 2023 earnings release at 6:55 am ET; conference call at 8:30 am ET
- Projected EPS: $1.58
- Projected revenue: $20.70 billion
He said he expects the company to report a strong quarter as gross costs come down and currency headwinds ease.
Netflix
- Q4 2022 earnings release at 4 pm ET; conference call at 6 pm ET
- Projected EPS: 58 cents
- Projected revenue: $7.84 billion
“I think Netflix could be one of the strongest stories out there,” he said.
Friday: VMS
- Q4 2022 earnings release at 7 am ET; conference call at 9:30 am ET
- Projected EPS: 68 cents
- Projected revenue: $7.78 billion
“SLB will tell us where the new finds are. They’ll play it with an open hand. I bet they’ll give you a little update on Russia as well,” he said.
Disclaimer: Cramer’s Charitable Trust owns shares of Morgan Stanley and Procter & Gamble.
