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Earnings season was ‘much better’ than expected

CNBC’s Jim Cramer, marking the end of the earnings season, said Friday that the list of major corporate reports over the past few weeks was “much better than expected.”

The results revealed, he said, that investors have a range of investment opportunities, barring any speculative trading that has recently baffled Wall Street professionals.

The comments come after major US averages rose in Friday’s session, driving back-to-back weeks of gains that propelled the market to new highs. the Dow Jones Industrial Average rose 1% this week to close at 3,458.40 and the S&P500 rose 1.23% to 3,934.83. The tech-heavy Nasdaq Compound topped the bot, climbing 1.7% to 14,095.47.

After the close, Cramer said market activity had become less volatile after several weeks of high-volume trading.

“I like normality because if we’re not careful, a lot of this market could head into the danger zone,” he added.mad money“said the host. “A day with less foam, like today, is a day when the rally feels more sustainable. But if the cannabis cohort and the short-busters and the incredible pumping and dumping that I see on the web comes back, well, you know I’m going to have to get more negative.”

Cramer gave his game plan for the coming week. Earnings per share projections are based on FactSet estimates:

Tuesday: Results from CVS Health, Zoetis, Ring Central and Occidental

SVC Health

  • Publication of Q4 results: before market; conference call: 8:45 a.m.
  • Projected EPS: $1.24
  • Projected revenue: $68.73 billion

“CVS has been challenged as a pharmacy by Amazon and challenged on the health insurance side by a host of competitors,” Cramer said. “Yes [CEO Karen] Lynch can boost the numbers and back up those strong traffic projections… I could see the stock finally getting the traction it deserves.

Zoetis

  • Publication of Q4 results: before market; conference call: 8:30 a.m.
  • Projected EPS: 86 cents
  • Projected revenue: $1.74 billion

“I think you’ll see another round of gains in humanizing pet stocks,” he said.

RingCentral

  • Publication of Q4 results: after market; conference call: 5 p.m.
  • Projected EPS: 27 cents
  • Forecast revenue: $318 million

“RingCentral makes call center software, but they also have a video conferencing platform that rivals Zoom and is growing well,” the host said. “The business is aggressive and growing rapidly.”

western oil

  • Publication of Q4 results: after market; conference call: Wednesday, 11 a.m.
  • Projected loss per share: 58 cents
  • Projected revenue: $4.32 billion

“Many are predicting that the long oil bear market is over. I’m not so sure – too much supply – but if you believe it, no one is more bullish on oil than Occidental CEO Vicki Holub,” he said.

Wednesday: Results from Shopify, Twilio, Fastly, Pioneer Natural Resources and Boston Beer

Shopify

  • Publication of results for the 3rd quarter of 2021: 6:00 a.m.; conference call: 8:30 a.m.
  • Projected EPS: $1.26
  • Forecast revenue: $913 million

Twilio

  • Publication of Q4 results: after market; conference call: 5 p.m.
  • Projected loss per share: 8 cents
  • Projected revenue: $455 million

“I bet two of them deliver stellar, amazing quarterbacks,” Cramer said.

Rapidly

  • Publication of Q4 results: after market; conference call: 5 p.m.
  • Projected loss per share: 11 cents
  • Projected revenue: $82 million

“They rebuilt their credibility after a big shortfall in October,” he said. “I think the problems are behind them.”

Pioneer of natural resources

  • Publication of Q4 results: after market; conference call: Thursday, 9 a.m.
  • Projected EPS: 70 cents
  • Projected revenue: $1.89 billion

“I don’t recommend a lot of oil companies these days, but if you put a gun to my head to make me choose, I’d say, ‘would you please put the gun down and go buy Pioneer'” , said the host. .

boston beer

  • Publication of 4th quarter results: 4:15 p.m.; conference call: 5 p.m.
  • Projected EPS: $2.63
  • Forecast revenue: $453 million

“If one more company gets into this hard seltzer business, will it be too much for them to handle?” he said. “I bet you can still get another good quarterback here, but don’t overstay your welcome when you have guns like these guys. The field gets crowded.”

Thursday: Walmart, Barrick Gold, Applied Materials, Roku, The Trade Desk

walmart

  • Publication of results for the 4th quarter of 2021: 7 a.m.; conference call: 8 a.m.
  • Projected EPS: $1.51
  • Projected revenue: $148.26 billion

“I want to hear about some initiatives and references that show us that Walmart is still hungry,” Cramer said.

Barrick Gold

  • Publication of 4th quarter results: 6:00 a.m.; conference call: 11 a.m.
  • Projected EPS: 31 cents
  • Projected revenue: $3.25 billion

“I know CEO Dr. Mark Bristow will give you insight into the only real growth and revenue game in the industry that I trust,” he said. “It’s a buy before quarter if you like gold.”

Applied materials

  • Publication of Q1 2021 results: 4:01 p.m.; conference call: 4:30 p.m.
  • Projected EPS: $1.28
  • Projected revenue: $4.97 billion

“The stock rallied like crazy because of the [chip] shortage, but I think things are good enough that it will continue to climb, especially since the Biden White House seems to recognize the magnitude of the problem,” the host said.

Roku

  • Publication of Q4 results: after market; conference call: 5 p.m.
  • Projected loss per share: 6 cents
  • Forecast revenue: $615 million

Commercial counter

  • Publication of Q4 results: after market; conference call: 5 p.m.
  • Projected EPS: $1.88
  • Forecast revenue: $292 million

“These companies are linchpins that are built for the new world of wireless listening and advertising. Everyone wonders when their earnings will stop,” he said. “I wonder why they are expected to stop when it took decades for cable to supplant traditional television.”

Friday: Deere and Magna gains

Deere

  • Publication of results for the 1st quarter of 2021: before market; conference call: 10 a.m.
  • Projected EPS: $2.12
  • Projected revenue: $7.14 billion

“I bet Deere tells a story of higher commodity prices whose order books are overflowing with tractors,” Cramer said.

magna

  • Publication of Q4 results: before market; conference call: 8 a.m.
  • Projected EPS: $2.58
  • Projected revenue: $13.03 billion

“We have a hot car market, they are the best assemblers, and these guys also assemble cars for compelling electric vehicle players, like Fisker,” he said.

Disclosure: Cramer’s charitable trust owns shares of CVS Health and Walmart.

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