Posted on: May 21, 2021 Posted by: Betty Lee Comments: 0


CNBC’s Jim Cramer is keen to start focusing again on the inventory market, however the cryptocurrency craze continues to be capturing Wall Road’s consideration.

He expects that bitcoin and different speculative cash will proceed to be prime of thoughts, and the large declines being witnessed in crypto markets will drag on shares. This might create shopping for alternatives for traders in shares as one other packed week of earnings rolls by means of.

“All in all, it is a traditionally sluggish week, however there are sufficient new corporations reporting that it is now jam-packed,” Cramer, discussing his sport plan for subsequent week, mentioned on “Mad Cash” Friday.

The week forward will shut out buying and selling for the month. Except for the Dow Jones Industrial Common, the foremost U.S. indexes are down month so far. The tech-heavy Nasdaq Composite is down 3.5% in Could, whereas the S&P 500 has misplaced 0.6% over that point interval. The Dow is up about 1% in Could.

Cramer gave viewers a preview of the upcoming company earnings studies he has circled on his calendar.

“Possibly, simply possibly, that may overshadow bitcoin, so long as Elon Musk can hold his mouth shut about crypto,” he mentioned.

Projections for income and earnings per share are primarily based on FactSet estimates:

Monday: Lordstown Motors earnings

Lordstown Motors

  • Q1 2021 earnings launch: after market; convention name: 4:30 p.m.
  • Projected losses per share: 28 cents
  • Projected income: $0

“Proper now, this market despises all of the pre-revenue SPAC performs as a result of they burned folks so badly over the previous couple of months,” Cramer mentioned. “Lordstown’s inventory’s down roughly 70% from its highs. I do not understand how they’ll get their mojo again, however, you already know, possibly they will shock me.”

Tuesday: Autozone, Intuit, Toll Brothers earnings

Autozone

  • Fiscal Q3 2021 earnings launch: earlier than market; convention name: 10 a.m.
  • Projected EPS: $20.13
  • Projected income: $3.27 billion

“This can be a very dependable firm, so you will get within the zone each earlier than and after earnings,” Cramer mentioned.

Intuit

  • Fiscal Q3 2021 earnings launch: after market; convention name: 4:30 p.m.
  • Projected EPS: $6.51
  • Projected income: $4.42 billion

“Intuit’s inventory hit an all-time excessive at this time,” he mentioned. “I do not assume that is going to discourage consumers.”

Toll Brothers

  • Fiscal Q2 2021 earnings launch: after market; convention name: Wednesday, 8:30 a.m.
  • Projected EPS: 80 cents
  • Projected income: $1.78 billion

“If Toll tells a narrative of robust orders and … increasing gross margins, I believe the inventory can get its groove again,” the host mentioned. “However the whole lot must be excellent, together with assurances from administration that lumber and equipment prices are certainly underneath management.”

Wednesday: Dick’s Sporting Items, American Eagle Outfitters, Williams-Sonoma, Nvidia, Snowflake, Okta, Workday earnings

Dick’s Sporting Items

  • Q1 2021 earnings launch: earlier than market; convention name: Wednesday, 8:30 a.m.
  • Projected EPS: $1.16
  • Projected income: $2.2 billion

“I guess they ship astounding numbers as a result of all kinds of sporting items are briefly provide as Individuals enterprise outdoor en masse,” Cramer mentioned.

American Eagle Outfitters

  • Q1 2021 earnings launch: 4:15 p.m.; convention name: 4:30 p.m.
  • Projected EPS: 46 cents
  • Projected income: $1.02 billion

“I believe we may see comparable power from American Eagle, because it’s presently the most well liked attire chain on earth,” he mentioned.

Williams-Sonoma

  • Q1 2021 earnings launch: after market; convention name: 5 p.m.
  • Projected EPS: $1.72
  • Projected income: $1.5 billion

“I anticipate nice numbers, but it surely’s been tagged as a stay-at-home inventory of late, which is the kiss of loss of life on this post-pandemic market,” the host mentioned.

Nvidia

  • Fiscal Q1 2022 earnings launch: after market; convention name: 5 p.m.
  • Projected EPS: $3.28
  • Projected income: $5.39 billion

“I believe the chipmaker has lots going for it, however I nonetheless need to hear how assured they really feel about getting regulatory permission for the Arm Holdings acquisition,” he mentioned.

Snowflake

  • Fiscal Q1 2022 earnings launch: after market; convention name: 5 p.m.
  • Projected losses per share: 16 cents
  • Projected income: $360 million

Okta

  • Fiscal Q1 2022 earnings launch: after market; convention name: 5 p.m.
  • Projected losses per share: 12 cents
  • Projected income: $309 million

“They’re two of the fastest-growing corporations on earth,” Cramer mentioned. “I anticipate nice numbers from each, however you need to solely purchase them should you assume this market will change its angle towards high-flying development names that do not commerce on earnings — they commerce on gross sales.”

Workday

  • Fiscal Q1 2022 earnings launch: after market; convention name: 4:30 p.m.
  • Projected EPS: 73 cents
  • Projected income: $1.16 billion

“Workday ought to ship nonetheless yet another beautiful quarter as they use cloud-software to automate back-office jobs in human sources and finance,” he mentioned.

Thursday: Finest Purchase, Greenback Normal, Greenback Tree, Medtronic, Hole, Ulta Magnificence, Costco, Salesforce, Dell earnings

Finest Purchase

  • Fiscal Q1 earnings launch: 7 a.m.; convention name: 8 a.m.
  • Projected EPS: $1.36
  • Projected income: $10.32 billion

Greenback Normal

  • Fiscal Q1 earnings launch: TBD; convention name: 10 a.m.
  • Projected EPS: $2.13
  • Projected income: $8.16 billion

Greenback Tree

  • Q1 2021 earnings launch: TBD; convention name: 5 p.m.
  • Projected EPS: $1.40
  • Projected income: $6.4 billion

“I like all three and assume they’re good stimulus performs, however their shares have grow to be awfully controversial and I do not actually take care of controversy,” Cramer mentioned. “There are simpler methods to generate profits.”

Medtronic

  • Fiscal This autumn 2021 earnings launch: 6:45 a.m.; convention name: 8 a.m.
  • Projected EPS: $1.42
  • Projected income: $8.14 billion

“I guess they report a stellar quantity as a result of its medical gadgets are being put in in file numbers post-pandemic,” he mentioned. “There’s plenty of pent-up demand from individuals who delayed surgical procedure till they may get vaccinated.”

Hole

  • Q1 earnings launch: 4:15 p.m.; convention name: 5 p.m.
  • Projected losses per share: 6 cents
  • Projected income: $3.41 billion

“Hole may be very a lot again, one thing you may inform should you go to their shops: crisp, clear and cheap costs,” the host mentioned.

Ulta Magnificence

  • Q1 2021 earnings launch: after market; convention name: 4:30 p.m.
  • Projected EPS: $1.95
  • Projected income: $1.65 billion

“Ulta’s an enormous winner as soon as everybody can take their masks off,” he mentioned.

Costco

  • Fiscal Q3 2021 earnings launch: 4:15 p.m.; convention name: 5 p.m.
  • Projected EPS: $2.31
  • Projected income: $43.64 billion

“Costco tends to run up into the quarter after which unload instantly even when the numbers are nice. Does not matter what they print,” Cramer mentioned. “I really like Costco the shop, I really like Costco the inventory … however you do not need to purchase it till after you see the outcomes — let this one come to you.”

Salesforce

  • Fiscal Q1 2022 earnings launch: after market; convention name: 5 p.m.
  • Projected EPS: 88 cents
  • Projected income: $5.89 billion

“Salesforce reported a barnburner final time and no one appeared to care, possibly as a result of they nonetheless want to shut the Slack acquisition,” he mentioned.

Dell

  • Q1 2022 earnings launch: 5:30 p.m.; convention name: 5:30 p.m.
  • Projected EPS: $1.71
  • Projected income: $23.80 billion

“You should buy it forward of time as a result of [CEO] Michael Dell’s going to inform a implausible story,” the host mentioned. “I guess they will have a terrific quarter.”

Friday: Massive Heaps, Hibbett Sports activities earnings

Massive Heaps

  • Fiscal Q1 2021 earnings launch: TBD; convention name: 8 a.m.
  • Projected EPS: $1.69
  • Projected income: $1.54 billion

Hibbett Sports activities

  • Q1 2022 earnings launch: after market; convention name: 5 p.m.
  • Projected EPS: $2.56
  • Projected income: $404 million

“I am betting each will probably be terrific,” Cramer mentioned.

Disclosure: Cramer’s charitable belief owns shares of Salesforce, Nvidia and Costco.

Disclaimer

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