{"id":118677,"date":"2021-07-23T23:10:00","date_gmt":"2021-07-23T23:10:00","guid":{"rendered":"https:\/\/fin2me.com\/?p=118677"},"modified":"2021-07-23T23:10:00","modified_gmt":"2021-07-23T23:10:00","slug":"cramers-week-ahead-the-most-important-week-of-earnings-season","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/cramers-week-ahead-the-most-important-week-of-earnings-season\/","title":{"rendered":"Cramer's week ahead: The most important week of earnings season"},"content":{"rendered":"
CNBC's Jim Cramer said Friday that Wall Street will be overwhelmed next week with a full slate of earnings reports from some of the most recognizable names in business.<\/p>\n
After the major averages all finished the session at all-time highs, shaking off concerns about economic growth, the "Mad Money" host said it leaves practically no room for error.<\/p>\n
"This is the toughest week of the quarter when it comes to making informed financial decisions," he said. "There aren't enough hours in the day to read all the conference calls \u2026 so do your best to focus on a few."<\/p>\n
Revenue and earnings-per-share projections are based on FactSet estimates:<\/p>\n
Tesla<\/p>\n
"Tesla's one of the few big companies with a stock that's well off its highs, so it should have an easier time rallying on good news," Cramer said.<\/p>\n
Apple<\/p>\n
"We're going into a big launch\u2014all the new models will support 5G\u2014and there should be an incredible number of upgrades," Cramer said. "Hopefully, Apple will start breaking out the lifetime value of their customers this quarter thanks to this increasingly sticky service revenue stream."<\/p>\n
Alphabet<\/p>\n
"Watch their cash hoard, it continues to build," he said.<\/p>\n
Microsoft<\/p>\n
"Normally, the analysts underestimate Microsoft, allowing the company to easily beat expectations, but this time the stock may actually head lower \u2026 the expectations are finally catching up with them," Cramer said.<\/p>\n
Advanced Micro Devices<\/p>\n
"Under the brilliant leadership of Lisa Su, AMD has surpassed Intel in terms of giving its customers what they want," he said. "I hope she can announce a closing date for the Xilinx acquisition because the arbitrage pressure is dragging down the stock more than the earnings can lift it."<\/p>\n
Boeing<\/p>\n
"I can see Boeing giving you a terrible number … and then telling you they may even have to raise more money," Cramer said. "Those punches might be worth enduring, because air travel's already coming back and once we triumph over these new Covid variants, I expect the airlines to place very big orders."<\/p>\n
Bristol-Myers Squibbs<\/p>\n
"I expect them … to be weak again," the host said.<\/p>\n
McDonald's<\/p>\n
"I think people are coming back to the stores, so McDonald's will guide up numbers and people will buy the stock," the host said.<\/p>\n
Facebook<\/p>\n
"I don't expect a coronation, but let's just say it'll be tough for Facebook to have a bad quarter\u2014online advertising is too strong," Cramer said.<\/p>\n
Ford<\/p>\n
"I think numbers have to go up here because the cars and trucks are simply better than they used to be and the markets they operate in are more profitable," he said. "I don't expect this quarter to be good \u2026 I'm saying that 2022 could be good."<\/p>\n
Mastercard<\/p>\n
"That [American] Express quarter was fantastic. I think Mastercard is going to tell us a good story, too," he said.<\/p>\n
Amazon<\/p>\n
"I think the high-margin advertising business will be the star of the show \u2014 same reason I like Alphabet," Cramer said. "I remain faithful to the stock."<\/p>\n
Twilio<\/p>\n
"Another company that I'm betting will surprise to the upside, Twilio," he said.<\/p>\n
Exxon Mobil<\/p>\n
Chevron<\/p>\n
"I urge you to go into both of them with an open mind," Cramer said. "There was a time when I thought the oils were uninvestable because too many younger money managers care about the environment, but you know what the major oils have gotten religion on this issue."<\/p>\n
Caterpillar<\/p>\n
"The stock's been down \u2014 no infrastructure bill, perhaps a slowing in orders \u2014 but the stock's decline makes me comfortable buying a little right here, right now," he said. "Could be a big second-half turn."<\/p>\n
Disclosure: Cramer's charitable trust owns shares of Apple, Alphabet, Microsoft, Advanced Micro Devices, Boeing, Facebook, Bristol-Myers Squibb and Ford.<\/em><\/p>\n Disclaimer<\/p>\n Questions for Cramer? Want to take a deep dive into Cramer's world? Hit him up! Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com<\/p>\n
Call Cramer: 1-800-743-CNBC<\/p>\n
Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram<\/p>\n