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- Cramer Earnings Plan: “In the year’s biggest earnings week, don’t chase stocks”
Cramer Earnings Plan: "In the year's biggest earnings week, don't chase stocks"
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Loading..."We are entering the week with the most significant finance reports for the year, and the stakes are inflated so dramatically that they need devilish good figures from these companies to keep the bullish market," says Mad Money. We expect the tax reform to move from Washington and, in view of these events, Cramer is drawing attention to shares he plans to watch next week.
Monday: Arconic, Kimbelry-Clark
Arconic: Arconic's most important revenue report, Alcoa's former engineering arm. The company still has no permanent CEO after Klaus Kleinfeld was removed.
"If we have a new director or a sale to the company, I think Arconic's shares will roll, it's just time for something to happen." says Cramer
Kimbelry Clark: Poor reports than expected from competitors from Unilever and Procter & Gamble, which casts a shadow over the prospects of Kimberly Clark and Cottonelle.
Tuesday: Industrials, McDonald's, Chipotle
Industrials: Tuesday will be critical to determining the strength of the group by looking at reports from General Motors, United Technologies, Caterpillar, 3M and Stanley Black & Decker. Cramer expects strong performance from companies, especially considering the hurricane repair projects in Texas and Florida and the benefits of a weaker dollar.
McDonald's: The ubiquitous fast-food chain will announce its earnings on Tuesday, with Cramer keeping an eye on instability in the report.
Chipotle: Cramer is cautious about this action but believes he has hope despite the negative reviews. The company will announce its report after the closing of the session.
Wednesday: Boeing, Coca-Cola, Visa
Boeing: Cramer does not think the strongest share in the Dow index would meet its expectations on Wednesday.
"If you do not own Boeing yet, you better wait for a correction because the moment is now gone." Cramer says.
Coca-Cola: Cramer has worries that the company will not justify expectations.
Visa: According to Cramer, the payroll group in the financial sector is the most attractive and Visa expects strong reports.
Thursday; Alphabet, Amazon, Microsoft, Intel
Thursday will definitely be a strong day for technology stocks.
Alphabet is expected to publish a good financial report after absorbing revenue from the YouTube platform. Amazon is expected to make more profits for its strategy with Whole Foods. From Microsoft, we look forward to seeing the results of their Cloud Services development program, which are expected to make a big profit. Investors will also be looking for the same information from Intel, which has emphasized very heavily on Cloud Services and the production of storage devices, mainly SSD hard drives. Intel also expects the result of how chips are being used to drive autonomous cars.
Friday: Petroleum companies, Merck, Colgate-Palmolive
Oil companies: Expectations for oil giants such as Exon Mobil and Chevron are negative as the whole oil market is experiencing serious rebalancing difficulties. The price of oil is about $ 50 a barrel, and the outlook is not pink. This is expected to have continued to negatively affect oil companies.
Merck: The pharmaceutical giant will present its revenue report, but the expectations are that AbbVie's direct competitor will take the bulk of the drug market.
Colgate-Palmolive: Cramer believes the company has a hidden trump card and surprises are possible after the release of the report.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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