Retail earnings to reveal effects of higher prices

“You’ve got all these stentorian hedge fund billionaires who’re eager to shoot at the great growth stocks of this era, especially the Nasdaq names. They come on air and blast these stocks, then look like morons when the high-fliers come roaring back a few days later,” Cramer said about this week’s market. “It was the short-sellers covering” that sent the market up late in the week, he added.

Next week, Cramer said, “Look for a week where the shorts are still trapped, the consumer is robust, and tech falters, if only because it has run so much. But therein lies the opportunity, is to wait to the falter. I lot of these stocks have run too much.” He also said to watch oil to see if it’s topped.

There’s a long list of retail earnings that will provide a glimpse into how American consumers feel about spending their money and whether they’re becoming more frugal as prices soar. Investors also hope to get a sense of what these companies, including Walmart and Target, expect heading into the holiday shopping season.

Here’s what the “Mad Money” host will be watching. All revenue and earnings per share estimates are from FactSet. All times are ET.

Monday: Tyson Foods and Lucid

Tyson Foods

• Q4 2021 earnings before the bell, conference call at 9 a.m.
• EPS estimate $2.22
• Revenue $12.66 billion

“If you’re searching for inflation,” Cramer said, “you’ll find it at Tyson Foods.” He added, “We know food inflation’s hitting everyone hard. Tyson will hurt the bull case for certain.”

Lucid Group

• Q3 2021 results after the bell, conference call at 5 p.m.
• Per-share estimated loss ($0.25)
• Revenue $1.3 million

“The luxury electric vehicle maker … might be due for a revaluation after Rivian‘s monster move this week,” Cramer said. “We’ll be in San Francisco next week, where we hope to catch a glimpse of Lucid’s car. I think this is one of a handful of companies that’s ushering in the twilight of the internal combustion engine. … You know I like Tesla and Rivian, but given the state of this market, I’m betting any of them can work here.”

Walmart

• Q3 2022 before the bell, conference call at 8 a.m.
• EPS estimate $1.40
• Revenue $135.43 billion

“I’m getting signals from my chartist friends that Walmart’s stock’s in a corner, could have an ugly double top brewing,” Cramer said. “As someone who owns it for my charitable trust, I have to take every clue into account, even as I think Walmart’s doing fine.”

Home Depot

• Q3 2021 earnings before the bell, conference call at 9 a.m.
• EPS estimate $3.41
• Revenue $34.89 billion

“This one’s got a pattern … it tends to open up on earnings news and then plunge later in the day when they listen to the conference call,” Cramer said. “If you don’t already own it, I recommend waiting for the typical post-quarter sell-off.”

Target

• Q3 2021 earnings before the bell, conference call at 8 a.m.
• EPS estimate $2.82
• Revenue $24.55 billion

Cisco Systems

• Q1 2022 earnings after the…