CNBC’s Jim Cramer warned investors on Friday not to make fresh trading decisions from a company’s earnings report.
Shares recovered on Friday after falling early on quarterly earnings reports and recession warnings from major banks. All three major indexes ended the week flat as investors digested a slate of earnings reports and economic data that suggested inflation was cooling.
Cramer, who earlier this week offered to investors A set of guidelines for earnings seasonFriday’s trading session was called an example of why investors should be disciplined with their portfolios.
“Every quarter I make the same argument about how you should wait and do more before pulling the trigger, but many people remain unconvinced,” he said.
He also looked at next week’s slate of quarterly reports. All estimates for earnings, revenue and economic data are courtesy of FactSet.
Tuesday: Goldman Sachs, Morgan Stanley, United Airlines
- Q4 2022 Earnings Release at 7:30 AM ET; Conference Call at 9:30am ET
- Estimated EPS: $5.56
- Estimated Revenue: $10.76 billion
He said that if the earnings report is better than the expectations, then the stock of the company can go higher.
- Q4 2022 Earnings Release at 7:30 AM ET; Conference Call at 8:30am ET
- Estimated EPS: $1.29
- Estimated revenue: $12.54 billion
Cramer said he expected “awesome” report good from the bank.
- Q4 2022 Earnings to be Released at 4:30 PM ET; Conference Call Wednesday at 10:30 AM ET
- Estimated EPS: $2.11
- Estimated revenue: $12.23 billion
The company will lay off the big numbers because consumers are still spending on travel, he predicted.
Wednesday: JB Hunt Transport, Alcoa
- Q4 2022 earnings released before the bell; Conference Call at 9 PM ET
- Estimated EPS: $2.45
- Estimated Revenue: $3.83 billion
Cramer said he would be watching for any signs that there is a slowdown in commerce.
- Q4 2022 Earnings to be Released at 4:10 PM ET; Conference Call at 5 PM ET
- Estimated loss: 69 cents per share
- Estimated revenue: $2.65 billion
The metals “have become an overpriced stock producer. … The aluminum company knows whether the metals move is just a squeeze or the real deal with real demand,” he said.
Thursday: Procter & Gamble, Netflix
- Q2 2023 Earnings to be released at 6:55 am ET; Conference Call at 8:30am ET
- Estimated EPS: $1.58
- Estimated Revenue: $20.70 billion
He said he expects the company to report a solid quarter as raw costs have come down and foreign exchange headwinds have eased.
- Q4 2022 Earnings to be Released at 4 PM ET; Conference Call at 6 PM ET
- Estimated EPS: 58 cents
- Estimated Revenue: $7.84 billion
“I think Netflix may be one of the strongest stories,” he said.
friday: SLB
- Q4 2022 Earnings to be Released at 7 AM ET; Conference Call at 9:30am ET
- Estimated EPS: 68 cents
- Estimated revenue: $7.78 billion
“SLB will tell us where the new discoveries are. They will play open arms. I’m sure they’ll give you a little update on Russia as well,” he said.
Disclaimer: The Cramer Charitable Trust holds shares of Morgan Stanley and Procter & Gamble.
