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Kramer’s Week Ahead: Earnings Season Accelerates

Jim Cramer

Scott Murin | CNBC

CNBC’s Jim Cramer said Friday that the “real income” season will begin on Monday after major banks announced their quarterly results earlier this week.

“In reality, it will be affected by both inflation and resumption,” he said in “Mad Money.” “I think the former is a big negative, but the latter is so positive that the ball stays in the air and is ready to put something beautiful on the net or on the floor.”

Kramer announced last week’s game plan. Earnings per share forecasts are based on FactSet estimates.

Monday: Coca-Cola, United Airlines, IBM

Tuesday: Abbott Laboratories, Johnson & Johnson, Procter & Gambling, Netflix

Abbott Laboratories

  • First quarter 2021 financial results announcement: In front of the market.Conference call: 9:30 am
  • Expected EPS: $ 1.27
  • Expected revenue: $ 10.69 billion

“Abbott did a very good job with the Covid diagnosis … it’s hard to believe they wouldn’t hit it from the park,” Kramer said.

Johnson & Johnson

  • First Quarter Revenue 2021 Release: 6:45 am.Conference call: 8:30 am
  • Expected EPS: $ 2.34
  • Expected revenue: $ 22 billion

“J & J is more controversial, but unfairly punished by the CDC, which appears to scare the general public and get vaccinated, rather than actually immunizing people with some degree of safety. I think it has been done, “he said. “J & J has a great quarter and must have a better pipeline.”

Procter & Gamble

  • Announcement of financial results for the third quarter of 2021: In front of the market.Conference call: 8:30 am
  • Expected EPS: $ 1.19
  • Expected Revenue: $ 17,970 Million

“Street is really worried about this. First, there’s a tough comparison with the number of homes they had set up a year ago,” the host said. “Second, they are dealing with the actual inflation from plastics to surfactants. [and] cargo. “

Netflix

  • Announcement of financial results for the first quarter of 2021: 4:00 pm.Conference call: 6 pm
  • Expected EPS: $ 2.97
  • Expected revenue: $ 7.14 billion

“This should be fun. Netflix is ​​usually above the numbers, and it seems that the principals are always having a great time talking about their business,” he said. “Even Netflix conference calls have good content.”

Wednesday: Verizon, Lam Research, Chipotle

Thursday: Union Pacific, Dow, Danaher, Nucor, Intel Boston Beer

Union Pacific

  • Announcement of financial results for the first quarter of 2021: 8:00 am.Conference call: 8:45 am
  • Expected EPS: $ 2.06
  • Expected revenue: $ 5.05 billion

“I think Union Pacific will talk about producing more at less cost, which means it’s more efficient,” Kramer said.

Dow

  • Announcement of financial results for the first quarter of 2021: 6:00 am.Conference call: 8:00 am
  • Expected EPS: $ 1.12
  • Expected Revenue: $ 11,090 Million

“If PPG is a guide from last night, it should raise some amazing numbers and allow stocks to plunge into $ 70,” he said.

Danaher

  • Announcement of financial results for the first quarter of 2021: 6:00 am.Conference call: 8:00 am
  • Expected EPS: $ 1.76
  • Expected revenue: $ 6.29 billion

“I can’t wait to see how well they are doing,” the host said. “I’m looking forward to a great quarter.”

Nucor

  • Announcement of financial results for the first quarter of 2021: undecided.Conference call: 2:00 pm
  • Expected EPS: $ 3.05
  • Expected revenue: $ 7.18 billion

“We are in an era of inflation, whether temporary or not, so Nucor needs to come up with some incredible numbers,” he said.

Intel

  • First Quarter 2021 Financial Results Announcement: After the Market.Conference call: 5 pm
  • Expected EPS: $ 1.14
  • Expected revenue: $ 17.78 billion

“I think Pat is doing a great job of inspiring people inside and outside this wonderful facility,” Kramer said. “If the stock hits, I’ll be the buyer. The gel singer can’t spin the Intel battleship all at once, but it does.”

Boston beer

  • Announcement of financial results for the first quarter of 2021: 4:00 pm.Conference call: 5 pm
  • Expected EPS: $ 2.55
  • Expected Revenue: $ 477 Million

“I think the shorts will lean against Boston beer as usual. [spiked seltzer] “It’s a competition,” he said. This category is growing so fast that Sam Adams parents should do well, thank you. “

Friday: Honeywell, American Express



Kramer’s Week Ahead: Earnings Season Accelerates

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