Home Business Cramer’s week forward: Earnings season heats up and corporations may ‘maintain flying’ barring a extreme slowdown

Cramer’s week forward: Earnings season heats up and corporations may ‘maintain flying’ barring a extreme slowdown

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Cramer’s week forward: Earnings season heats up and corporations may ‘maintain flying’ barring a extreme slowdown

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Cramer's week ahead: Earnings season heats up and companies could 'keep flying' barring a slowdown

CNBC’s Jim Cramer on Friday informed traders that shares will possible proceed to do effectively so long as the economic system holds up.

“Many firms have battened down the hatches, so to talk, and prepped for a recession. So if we do not get a extreme slowdown, they are going to certainly maintain flying,” he mentioned.

He additionally previewed subsequent week’s slate of earnings. All earnings and income estimates are courtesy of FactSet.

Monday: Logitech

  • Q2 2023 earnings launch at 9 p.m. ET; convention name on Tuesday at 8:30 a.m. ET
  • Projected EPS: 85 cents
  • Projected income: $1.2 billion

Cramer mentioned the inventory may take successful due to the slowdown within the PC market.

Tuesday: Halliburton, Coca-Cola, Alphabet, Microsoft

Halliburton

  • Q3 2022 earnings launch at 6:45 a.m. ET; convention name at 9 a.m. ET
  • Projected EPS: 56 cents
  • Projected income: $5.34 billion

Halliburton’s inventory may soar after it studies earnings, he predicted.

Coca-Cola

  • Q3 2022 earnings launch at 6:55 a.m. ET; convention name at 8:30 a.m. ET
  • Projected EPS: 64 cents
  • Projected income: $10.52 billion

Cramer mentioned he expects the corporate to have a powerful quarter, much like Pepsi-Co‘s.

Alphabet

  • Q3 2022 earnings launch at 4 p.m. ET; convention name at 5 p.m. ET
  • Projected EPS: $1.27
  • Projected income: $71.08 billion

The Google father or mother firm will possible report a stable quarter as a result of energy of YouTube, he predicted.

Microsoft

  • Q1 2023 earnings launch at 4:05 p.m. ET; convention name at 5:30 p.m. ET
  • Projected EPS: $2.31
  • Projected income: $49.66 billion

Cramer mentioned he expects the inventory to leap after the corporate studies.

Wednesday: Meta, Ford

Meta

  • Q3 2022 earnings launch at 4:05 p.m. ET; convention name at 5 p.m. ET
  • Projected EPS: $1.90
  • Projected income: $27.47 billion

He referred to as himself the “solely believer” of the Fb father or mother firm.

Ford

  • Q3 2022 earnings launch at 4:05 p.m. ET; convention name at 5 p.m. ET
  • Projected EPS: 27 cents
  • Projected income; $37.46 billion

Whereas the demand is there for Ford’s automobiles, provide is not, Cramer mentioned.

Thursday: Apple, Amazon

Apple

  • This autumn 2022 earnings launch at 4:30 p.m. ET; convention name at 5 p.m. ET
  • Projected EPS: $1.27
  • Projected income: $88.79 billion

Cramer mentioned he is sticking to his mantra of “personal it, do not commerce it” in terms of Apple.

Amazon

  • Q3 2022 earnings launch at 4 p.m. ET; convention name at 5:30 p.m. ET
  • Projected EPS: 22 cents
  • Projected income: $127.49 billion

Cramer mentioned he likes the corporate, particularly as a result of its cloud enterprise appears to be doing effectively.

Friday: Colgate-Palmolive

  • Q3 2022 earnings launch at 7 a.m. ET; convention name at 8:30 a.m. ET
  • Projected EPS: 73 cents
  • Projected income; $4.47 billion

There are higher shopper packaged-goods performs than Colgate, he mentioned.

Disclaimer: Cramer’s Charitable Belief owns shares of Halliburton, Alphabet, Microsoft, Meta, Ford, Apple and Amazon.

Cramer's game plan for the trading week of Oct. 24

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