CNBC’s Jim Cramer on Friday warned investors not to make trading decisions right after a company’s earnings report.
Stocks staged a comeback on Friday after initially falling on earnings reports and recession warnings from major banks. All three major indices ended the week higher as investors processed a slew of earnings reports and economic data that suggested inflation was cooling.
Cramer, who offered investors a set of earnings-season guidelines earlier this week, cited Friday’s trading session as an example of why investors should be disciplined with their portfolios.
“Every quarter I make the same argument about waiting and working more before pulling the trigger, but a lot of people aren’t convinced yet,” he said.
He also went through next week’s quarterly reports. All revenue, revenue and economic data estimates are from FactSet.
Tuesday: Goldman Sachs, Morgan Stanley, United Airlines
Goldman Sachs
- Q4 2022 results release at 7:30am ET; Conference call at 9:30 a.m. ET
- Estimated earnings per share: $5.56
- Estimated Revenue: $10.76 billion
The company’s stock could surge higher if the earnings report beats expectations, he said.
MorganStanley
- Q4 2022 results release at 7:30am ET; Conference call at 8:30 a.m. ET
- Estimated earnings per share: $1.29
- Estimated Revenue: $12.54 billion
Cramer said he expects a ‘great’ report from the bank.
United Airlines
- Q4 2022 results release at 4:30pm ET; Conference call Wednesday at 10:30 a.m. ET
- Estimated earnings per share: $2.11
- Estimated Revenue: $12.23 billion
The company will come up with big numbers as consumers continue to spend on travel, he predicted.
Wednesday: JB Hunt Transport, Alcoa
JB hunting transport
- Q4 2022 earnings release before the bell; Conference call at 9 p.m. ET
- Estimated earnings per share: $2.45
- Estimated Revenue: $3.83 billion
Cramer said he will be on the lookout for signs of a slowdown in trading.
Alcoa
- Q4 2022 results release at 4:10 p.m. ET; Conference call at 5:00 p.m. ET
- Estimated loss: 69 cents per share
- Estimated Revenue: $2.65 billion
The metals “have become insane stock breeders. … The aluminum company knows if the metals movement is just a pressure point or the real deal with actual demand,” he said.
Thursday: Procter & Gamble, Netflix
Procter & Gamble
- Q2 2023 results release at 6:55am ET; Conference call at 8:30 a.m. ET
- Estimated earnings per share: $1.58
- Estimated Revenue: $20.70 billion
He said he expects the company to report a solid quarter as raw costs fall and FX market headwinds ease.
Netflix
- Q4 2022 results release at 4:00 p.m. ET; Conference call at 6:00 p.m. ET
- Estimated earnings per share: 58 cents
- Estimated Revenue: $7.84 billion
“I think Netflix could be one of the strongest stories out there,” he said.
Friday: SLB
- Q4 2022 results release at 7:00 am ET; Conference call at 9:30 a.m. ET
- Estimated earnings per share: 68 cents
- Estimated Revenue: $7.78 billion
“SLB will tell us where the new finds are. You will play with an open hand. I bet you they also give you a little update on Russia,” he said.
Disclaimer: Cramer’s Charitable Trust owns shares in Morgan Stanley and Procter & Gamble.
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