CNBC’s Jim Cramer said Friday that Wall Street’s recent gains could continue into next week depending on the Federal Reserve’s actions.
“A decision not to raise rates at all may show too much weakness. A quarter point with a statement that they will remain cautious will allow the bulls to party,” he said.
The central bank is set to end its first meeting of the year on Wednesday with what Wall Street broadly expected to be a quarter-percentage point interest rate hike.
Cramer said he would also be keeping an eye on the January non-farm payrolls report to be released on Friday. “If wage inflation is very strong, the quarter-point move will be criticized. If it is weak, we will hear about that hard landing,” he said.
All estimates for earnings, revenue and economic data are courtesy of FactSet.
monday: whirlpool
- Q4 2022 Earnings to be Released at 4:05 PM ET; Conference Call Tuesday at 8 AM ET
- Estimated EPS: $3.23
- Estimated Revenue: $5.08 billion
He predicted that the company would report on its conference call on the elimination of supply chain headwinds and a more frugal consumer.
Tuesday: Caterpillar, Pfizer, Advanced Micro Devices
- Q4 2022 Earnings to be Released at 6:30 am ET; Conference Call at 8:30am ET
- Estimated EPS: $4.02
- estimated revenue; $15.82 billion
The company will report a solid quarter, he added.
- Q4 2022 Earnings to be Released at 6:45 am ET; Conference Call at 10 AM ET
- Estimated EPS: $1.05
- Estimated revenue: $24.44 billion
Cramer said that Wall Street believes that despite this, there is more to the company than the earnings from the Kovid vaccine.
- Q4 2022 Earnings to be Released at 4:15 PM ET; Conference Call at 5 PM ET
- Estimated EPS: 67 cents
- Estimated Revenue: $5.51 billion
“AMD has a great portfolio now, and they continue to take market share,” he said.
Wednesday: meta platform
- Q4 2022 Earnings to be Released at 4:05 PM ET; Conference Call at 5 PM ET
- Estimated EPS: $2.26
- Estimated revenue: $31.54 billion
Cramer said, “All I know is that there was a real run of stock, and when we adopt it for charitable trusts, we’re not pounding the table on it. Not here.”
Thursday: Ford Motor, Apple, Amazon, Alphabet
- Q4 2022 Earnings to be Released at 4:05 PM ET; Conference Call at 5 PM ET
- Estimated EPS: 62 cents
- Estimated revenue: $41.39 billion
he said he didn’t care cut prices Tesla will affect the demand for Ford’s electric vehicles.
- Q1 21023 Earnings Released at 4:30 PM ET; Conference Call at 5 PM ET
- Estimated EPS: $1.94
- Estimated revenue: $121.81 billion
According to Cramer, investors should hold onto their shares of the iPhone maker.
- Q4 2022 Earnings to be Released at 4:01 PM ET; Conference Call at 5:30 PM ET
- Estimated EPS: 17 cents
- Estimated revenue: $145.64 billion
He predicted that Amazon’s stock would soar if the company were to lay off 100,000 employees.
- Q4 2022 Earnings to be Released at 4 PM ET; Conference Call at 4:30 PM ET
- Estimated EPS: $1.18
- Estimated Revenue: $76.17 billion
Cramer said Alphabet also needed to reduce its workforce.
friday: Regeneron Pharmaceuticals
- Q4 2022 Earnings to be Released at 6:30 am ET; Conference Call at 8:30am ET
- Estimated EPS: $10.1
- Estimated revenue: $3.14 billion
He said he likes the stock.
disclaimer; Cramer’s Charitable Trust owns shares of Apple, Amazon, Advanced Micro Devices, Caterpillar, Ford and Meta.
