Wait Before Trading Company Earnings

Wait Before Trading Company Earnings

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.

Cramer's game plan for the trading week of January 16

Jim Cramer’s Guide to Investing

Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter.

Leave a Comment

Your email address will not be published. Required fields are marked *