Retail earnings and Powell testimony take center stage in Cramer's week ahead.
- On Friday, CNBC's Jim Cramer discussed the upcoming earnings calendar and significant market occurrences for the following week.
- Wall Street's main concern will be inflation, according to the "Mad Money" host.
- Unfortunately, although the averages are somewhat oversold after today's run, inflation is currently sky-high, as Cramer stated.
Next week's earnings slate and other significant market events, including Federal Reserve chief Jerome Powell's congressional testimony, were previewed by CNBC's Jim Cramer on Friday.
The "Mad Money" host stated that he believes Wall Street's main concern will shift from Ukraine to the economy, particularly price pressures, based on the calendar.
Unfortunately, although the averages are somewhat oversold after today's run, inflation is currently sky-high, as Cramer stated.
All earnings and revenue estimates are courtesy of FactSet.
Monday: Workday, HP Inc. and Zoom Video
- An earnings release for Q4 2022 will be issued following the market close, and a conference call will take place at 4:30 p.m. ET on Monday.
- Projected EPS: 71 cents
- Projected revenue: $1.36 billion
Cramer believes that Workday's high stock price may negatively impact the company, even if its quarterly earnings are strong.
- An earnings release for Q1 2022 will be issued after the market closes, followed by a conference call at 5 p.m. ET on Monday.
- Projected EPS: $1.02
- Projected sales: $16.52 billion
Cramer advised investors to exercise caution with HP before the print, as its competitor in the PC industry, Dell, reported supply chain issues on Thursday night.
- Q4 2022 earnings will be announced after the close, followed by a conference call at 5 p.m. ET on Monday.
- Projected EPS: $1.11
- Projected revenue: $1.25 billion
Cramer advised being cautious about the business's sustainability as the pandemic subsides.
Tuesday: Target, Kohl’s, Domino’s Pizza and Salesforce
- Q4 2021 earnings will be released before the market opens on Tuesday at 9 a.m. ET, followed by a conference call.
- Projected EPS: $2.85
- Projected revenue: $31.34 billion
Cramer stated that although Target shares increased by 4% on Friday, it is difficult to predict which type of retail narrative the company will convey when it reports. It is uncertain whether the company will emphasize its business success or discuss its supply chain and inflation challenges.
- Q4 2021 earnings will be released before the open on Tuesday at 9 a.m. ET.
- Projected EPS: $2.11
- Projected sales: $6.59 billion
Cramer stated that predicting Kohl's quarter is more challenging than predicting Target's, as Kohl's has been subject to takeover discussions.
- Q4 2021 earnings will be released before the market opens on Tuesday at 10 a.m. ET, followed by a conference call.
- Projected EPS: $4.28
- Projected sales: $1.38 billion
Domino's shares have been negatively impacted recently due to their consistent performance, according to Cramer. However, Cramer believes that if Domino's fails to exceed expectations this time, investors will view it as a Covid winner rather than a post-Covid winner, despite its potential for future growth. Cramer disagrees with this assessment, stating that he does not set the rules.
- The company will release its Q4 2022 earnings after the close, followed by a conference call at 5 p.m. ET on Tuesday.
- Projected EPS: 75 cents
- Projected sales: $7.25 billion
Cramer believes that the "unyielding, unscrupulous selling pressure" on Salesforce's stock may have finally come to an end on Thursday. He thinks that the "over-dumping" of the stock has been excessive and predicts that it will positively impact the numbers. Cramer's Charitable Trust owns the enterprise software giant.
Wednesday: Dollar Tree, Powell hearing, Okta and Snowflake
- Q4 2021 earnings will be released before the market opens on Wednesday at 9 a.m. ET, followed by a conference call.
- Projected EPS: $1.78
- Projected revenue: $7.12 billion
Cramer stated that he is uncertain about why Dollar Tree is frequently targeted by activist investors. Instead, he believes that the stock is a successful investment, especially with the conclusion of pandemic aid programs, causing consumers to seek out more discount-oriented retailers.
- A hearing on "Monetary Policy and the State of the Economy" will be held by the full committee at 10 a.m. ET on Wednesday.
The Senate Banking Committee will hear from the top U.S. central banker, Powell, on Thursday, and Cramer stated that he does not anticipate any significant policy declarations from him during the hearing.
- Q4 2022 earnings will be announced after the close, followed by a conference call at 5 p.m. ET on Wednesday.
- Projected loss: Loss of 9 cents per share
- Projected revenue: $489 million
Cramer stated that Okta is one of the most valuable stocks in the market, but he expressed uncertainty about the company's quarterly performance due to recent changes in management positions.
- Q4 2022 earnings will be released after the market closes on Wednesday at 5 p.m. ET, followed by a conference call.
- Projected EPS: 4 cents
- Projected revenue: $591 million
Cramer praised Frank Slootman, the CEO of Snowflake, as the "newfound king of the cloud" while expressing his commitment to the company's high-multiple stock as the market shifted away from growth-oriented tech.
Thursday: Kroger, Best Buy and Costco
- Q4 2021 earnings will be released before the open on Thursday at 10 a.m. ET.
- Projected EPS: 73 cents
- Projected sales: $32.64 billion
Cramer stated that Kroger's margins may be affected due to the company's efforts to keep customers satisfied, which could result in the company absorbing some of the cost increases it is facing.
- Q4 2022 earnings will be released before the market opens on Thursday at 8 a.m. ET, followed by a conference call.
- Projected EPS: $2.77
- Projected sales: $16.72 billion
Cramer believes that Best Buy's quarter may outperform its previous report, but he thinks there are better investment opportunities as people are spending less time at home and may not need to upgrade their TVs.
- The company will release its Q2 2022 earnings after the close, followed by a conference call at 5 p.m. ET on Thursday.
- Projected EPS: $2.75
- Projected revenue: $51.36 billion
Cramer closely monitors Costco's decision to raise membership fees or issue a special dividend, as it is a longtime favorite stock and a part of his Trust portfolio.
If we don't obtain one or both, I believe my love could momentarily go unfulfilled. What a chance, regardless of the outcome!" he exclaimed. "If that one fails, purchase.
Friday: February jobs report
February nonfarm payrolls
- Labor Department releases the latest jobs report at 8:30 a.m. ET Friday
Cramer stated that he wants to observe the rate at which average wages are rising. He added that if the pace is intense, then Powell will appear too soft if he doesn't take a tough stance earlier in the week when he had the opportunity.
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