CNBC’s Jim Cramer on Friday previewed next week’s major corporate earnings reports after Wall Street capped off a wild week filled with major intraday moves for the major U.S. stock indexes.
“Next week is the last truly hard week of earnings season,” the “Mad Money” host said. However, he added, “I say each day will be controlled not by earnings, but by the wild action in the S&P futures … so have your buys ready for those hideous, nauseous moments because … I bet there will be more ahead.”
All earnings and revenue projections are from FactSet.
Jim Cramer’s game plan for the trading week that begins Jan. 31.
Mad Money with Jim Cramer
Monday: Otis Worldwide and NXP Semiconductors
- Q4 2021 earnings before the bell; conference call at 8:30 a.m. ET Monday
- Projected EPS: 69 cents
- Projected revenue: $3.59 billion
Cramer said he’ll be listening to see whether the elevator company’s business in China is finally slowing down and how the U.S. is “holding up.” He noted that Otis has a solid pulse on the state of large-scale construction globally.
- Q4 2021 earnings after the close; conference call at 8 a.m. ET Tuesday
- Projected EPS: $3.01
- Projected revenue: $3 billion
The semiconductor firm should offer insights into the chip crunch that’s weighed on the automotive industry, Cramer said, asking rhetorically whether NXP will be able to meet demand. “I sure hope so,” he said.
Tuesday: Exxon Mobil, Alphabet, AMD, PayPal, General Motors and Starbucks
- Q4 2021 earnings release before the open; conference call at 9:30 a.m. ET Tuesday
- Projected EPS: $1.94
- Projected revenue: $85.01 billion
Cramer said that if Exxon Mobil reports a “so-so number” that causes the shares of other oil and gas companies to decline, investors should use that weakness as an opportunity to buy Chevron.
- Q4 2021 earnings after the close; conference call at 5 p.m. ET Tuesday
- Projected EPS: $27.80
- Projected revenue: $72.23 billion
Cramer said the Google parent company’s earnings tend to be controversial, suggesting that even a very strong quarter may not translate to strong gains for the stock. “My suggestion? If it’s really good, put it on your shopping list [and] wait for the next market-wide swoon” to do some buying, he said.
- Q4 2021 earnings after the bell; conference call at 5 p.m. ET Tuesday
- Projected EPS: 75 cents
- Projected revenue: $4.47 billion
Cramer said he thinks the sell-off in AMD shares so far in 2022 is considerably overdone, with the chipmaker’s stock down nearly 27% year to date. While owning AMD, as his charitable trust does, can be “a tough chore” at times, Cramer said he believes the stock has gotten too cheap at these levels and recommended buying shares to take advantage.
- Q4 2021 earnings after the close; conference call at 5 p.m. ET Tuesday
- Projected EPS: $1.12
- Projected revenue: $6.9 billion
Cramer noted PayPal has been a terrible performer for his charitable trust. The stock has been nearly cut in half…