Ulta has the best chance of ‘roaring higher’
CNBC’s Jim Cramer on Friday previewed next week’s earnings roster and said weekend developments in Russia’s invasion of Ukraine will be the most important indicator of the market’s moves.
The “Mad Money” host said that despite the storm that soaring inflation and Russia’s invasion of Ukraine have created over the market, investors must remain vigilant.
“I know it sounds like there’s no hope, but … we have to keep our eyes out for potential winners no matter what,” he said.
All earnings and revenue estimates are courtesy of FactSet.
Monday: Kohl’s
Executives at Kohl’s are set to provide updates on the company’s growth strategies and financial structure. Calling the company “one of the most exciting battlegrounds,” Cramer said that increased pressure from activist investors could help those looking to buy the stock.
Tuesday: Dick’s Sporting Goods, Mongo DB, Bumble and Stitch Fix
- Q4 2021 earnings release before the bell; conference call at 10 a.m. ET
- Projected EPS: $3.47
- Projected revenue: $3.3 billion
Cramer said that Dick’s has a great CEO, will succeed after the pandemic and stands out from other retailers.
- Q4 2022 earnings release after the close; conference call at 5 pm ET
- Projected loss: loss of 16 cents per share
- Projected revenue: $320 million
MongoDB is a dime a dozen when it comes to software database companies, according to Cramer. “Wall Street used to love a company that grew fast and lost a ton of money. Now, they just feel total contempt for them,” he said.
- Q4 2021 earnings release after the close; conference call at 4:30 pm ET
- Projected loss: loss of 2 cents per share
- Projected revenue: $210 million
Cramer had few words about Bumble, which closed at $18.08 on Friday, well below its 52-week high of $76.49. “Maybe romance is dead,” he said.
- Q2 2022 earnings release after the close; conference call at 5 pm ET
- Projected loss: loss of 31 cents per share
- Projected revenue: $515 million
Stitch Fix is the third stock reporting earnings on Tuesday — along with MongoDB and Bumble — in bear market territory, Cramer said, adding that he’s watching to see if they might find a floor and be worth a buy.
Wednesday: Campbell Soup and CrowdStrike
- Q2 2022 earnings release before the bell; conference call at 8 am ET
- Projected EPS: 69 cents
- Projected revenue: $2.24 billion
Campbell has to get their raw costs down, but the company “will fly” if it manages to report even moderate gains, Cramer said.
- Q4 2022 earnings release after the close; conference call at 5 pm ET
- Projected EPS: 29 cents
- Projected revenue: $560 million
Cramer said he expects Crowdstrike to report a strong quarter. However, its performance won’t matter if inflation spikes that same day and hurts its stock, Cramer said.
Thursday: Ulta Beauty, DocuSign, Rivian and eBay
- Q4 2021 earnings release after the close; conference call at 4:30 pm ET
- Projected EPS: $4.57
- Projected revenue: $2.69 billion
Cramer praised Ulta Beauty’s consistent…
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