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Here are Jim Cramer’s tips for navigating this uncertain profit season

The earnings season is in full swing on Wall Street, and CNBC’s Jim Cramer said Monday it would be wise for investors to wait and see the vision with shares of companies that are about to report quarterly numbers.

“In this environment, it’s always going to be fragile on the contrary and it’s easy on the one hand, because bears … have dominance. Keep in mind that you never have to buy this market. That’s a stupid game. I want to. Wait for weakness like we did. [Monday] before it was ever pulled, ”the“ Mad Money ”host said from the floor of the New York Stock Exchange, the session’s new broadcast house.

“If you’re thinking of buying something to complain about, why not wait until you hear what they have to say?” continued Cramer. IBM cited this as a prime example.

At the close on Monday, IBM was one of only seven shares in the Dow Jones Industrial Average of 30 shares, which has been higher so far this year. However, shares fell nearly 4% on Monday after the company cut its trading forecast for 2022 in extended trading, despite second-quarter results surpassing the top and bottom lines.

“If you bought it before the quarter, you threw the dice at a casino that doesn’t respect blind throwing,” Cramer said.

With that in mind, Cramer was anticipating some of the rest of the week’s major earnings reports. All earnings and revenue estimates are provided by FactSet.

Tuesday: J&J, Halliburton, Lockheed Martin and Netflix

Johnson & Johnson

  • Q2 earnings released at 6:45 am ET; conference call 8:30 a.m. ET
  • Expected BPA: $ 2.54
  • Expected Sales: $ 23,770 billion

Cramer, who owns shares in Charitable Trust J&J, said he expects to see good numbers of the pharmaceutical giant as the company works to split it into two different entities. Shares of J&J have lagged behind their peers this year, including Bristol-Myers Squibb and Merck.

Halliburton

  • Q2 earnings released before the bell; conference call at 9 a.m. ET
  • Expected BPA: 45 cents
  • Projected Revenue: $ 4.7 billion

“Halliburton’s profits are rising, but his shares have been crushed … I think it’s time to review this, and he acknowledges that the profits could be big for Halliburton not tomorrow, but in the years to come,” Cramer said.

Lockheed Martin

  • Q2 earnings released before opening; conference call 11:00 a.m. ET
  • Expected BPA: $ 1.88
  • Expected Sales: $ 15.9 trillion

Netflix

  • Q2 released after closing gains; conference call at 6 p.m. ET
  • Expected BPA: $ 2.95
  • Projected Revenue: $ 8.030 billion

Cramer said he expects to hear a “thoughtful” call from management’s earnings after this print quarter, compared to a poor first-quarter report on the streaming giant. In particular, Cramer said investors want more information about Netflix’s recent deal with Microsoft, which is part of the development of a level of subscription that Netflix supports with ads.

Wednesday: Abbott Labs and Tesla

Abbott Laboratories

  • Q2 earnings released before opening; conference call at 9 a.m. ET
  • Expected BPA: $ 1.12
  • Expected Sales: $ 10.29 billion

Tesla

  • Q2 gains after the bell; conference call at 5:30 p.m. ET
  • Expected BPA: $ 1.81
  • Projected Revenue: $ 16.52 trillion

Cramer said he believes Tesla’s earnings report is the most important this week. “The calculations are everywhere. There are a lot of sales valuations and a lot of purchases. [CEO Elon] Musk is still spreading like crazy. … However, if Tesla exceeds even the lowest estimates, the stock goes up a lot. ”

Thursday: AT&T, Freeport-McMoRan, Dow Inc., Union Pacific, DR Horton, Snap, Mattel and Boston Beer

AT&T

  • Q2 earnings released before the bell; conference call 8:30 a.m. ET
  • Expected BPA: 61 cents
  • Projected Revenue: $ 29.53 trillion

Freeport-McMoRan

  • Q2 earnings released before opening; conference call at 10 a.m. ET
  • Expected BPA: 64 cents
  • Expected Sales: $ 6.14 trillion

Dow Inc.

  • Q2 earnings released at 6pm ET; conference call at 8 p.m. ET
  • Expected BPA: $ 2.14
  • Expected Sales: $ 15.55 billion

Cramer said Dow Inc. that the chemical company, along with the copper miner Freeport-McMoRan, should offer insights into the trajectory of economic growth.

Union Pacific

  • Q2 earnings released at 7:45 am ET; conference call at 8:45 a.m. ET
  • Expected BPA: $ 2.85
  • Projected Revenue: $ 6.13 trillion

Cramer said he is concerned that Union Pacific may warn of the slowdown in its business.

Dr. Horton

  • Q3 earnings released at 6:30 p.m. ET; conference call 8:30 a.m. ET
  • Expected BPA: $ 4.49
  • Expected Sales: $ 8.810 billion

As with Union Pacific, Cramer said he is concerned that drummer DR Horton may warn of the slowdown in construction. “Home agreements are not closed; home trust [is] huge down. The mortgage rate tends to go up that, ”he said.

Snap

  • Q2 gains after the bell; conference call at 5:00 p.m. ET
  • Expected BPA: Loss of 20 cents
  • Projected Revenue: $ 1.14 trillion

Mattel

  • Q2 released after closing gains; conference call at 5:00 p.m. ET
  • Expected BPA: 6 cents
  • Expected sales: $ 1.1 billion

Boston Beer

  • Q2 earnings released after the bell; conference call at 5:00 p.m. ET
  • Expected BPA: $ 4.61
  • Projected Revenue: $ 612 million

Sam Adams and Truly’s parents have been struggling lately as a result of a slowdown in seltzer sales, and Cramer said he expects the same thing with this print. He said he prefers shares in the Constellation Brands of Corona, the owner of his Charitable Trust, to Boston Beer.

Friday: American Express, Verizon, Schlumberger and Twitter

American Express

  • Q2 earnings released at 7:00 ET; conference call 8:30 a.m. ET
  • Expected BPA: $ 2.42
  • Expected Sales: $ 12.510 billion

Cramer said small business and consumer spending is expected to help American Express deliver strong results.

Verizon

  • Q2 earnings released at 7:30 am ET; conference call 8:30 a.m. ET
  • Expected BPA: $ 1.22
  • Projected Revenue: $ 33.7 trillion

Schlumberger

  • Q2 earnings released at 7 am ET; conference call 9:30 a.m. ET
  • Expected BPA: 40 cents
  • Expected Sales: $ 6.2 trillion

Cramer said he expects a good amount from Schlumberger’s oil field service provider, as he does with Halliburton.

Twitter

  • Q2 earnings released at 8:00 ET; no conference calls are scheduled
  • Expected BPA: 15 cents
  • Projected Revenue: $ 1.330 billion

Twitter is not calling for a conference to discuss second-quarter numbers, citing an entity linked to Elon Musk that is “waiting for a purchase.” Both parties are currently in the midst of a legal backlash linked to the deal.

Disclosure: Cramer’s Charitable Trust owns HAL, JNJ, MSFT and STZ shares.

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Here are Jim Cramer’s tips for navigating this uncertain profit season

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