Cramers Next Week: The impact of inflation and reopening during earnings season is accelerating

Jim Cramer

Scott Mlyn | CNBC

CNBC’s Jim Cramer said Friday that the real earnings season will begin Monday after major banks released their quarterly results earlier this week.

“We will actually get the effects of both inflation and the reopening,” he told Mad Money. “I think the former is a big negative, but the latter is so positive that the ball can stay in the air, ready for some nice stuff over the net and on the ground.”

Cramer announced his schedule for the coming week. The forecasts for earnings per share are based on FactSet estimates:

Monday: Coca-Cola, United Airlines, IBM

coke

  • Earnings release for the first quarter of 2021: ahead of the market; Conference call: 8:30 a.m.
  • Projected EPS: 50 cents
  • Estimated Revenue: $ 8.68 billion

“I’m concerned that Coca-Cola is a drink-only drink with no snack business,” Cramer said, “but I’m still expecting a good number of them and a great story about the reopening of food services.”

United Airlines

  • Earnings release for the first quarter of 2021: after market entry; Conference call: Tuesday at 10:30 a.m.
  • Estimated Loss Per Share: $ 7.05
  • Estimated Revenue: $ 3.27 billion

“If it’s something like Delta, you’ll hear about the boom to come,” he said, adding that the stock can continue to rise. “I think it’s the right place.”

IBM

  • Earnings release for the first quarter of 2021: after market entry; Conference call: 5 p.m.
  • Projected earnings per share: $ 1.69
  • Estimated Revenue: $ 17.32 billion

“What will the new IBM do that ran Red Hat’s fast-growing businesses? I think it’s too early to tell, but stock has gotten stuck there,” said Cramer.

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

Abbott Laboratories

  • Earnings release for the first quarter of 2021: ahead of the market; Conference call: 9:30 a.m.
  • Projected earnings per share: $ 1.27
  • Estimated Revenue: $ 10.69 billion

“Abbott did such a great job on the Covid diagnostics … it’s hard to believe they can’t make it out of the park,” Cramer said.

Johnson & Johnson

  • Publication of results for the first quarter of 2021: 6:45 am; Conference call: 8:30 a.m.
  • Projected earnings per share: $ 2.34
  • Estimated sales: $ 22 billion

“J&J has become more controversial, although I think it has been wrongly penalized by a CDC which appears to be more concerned with preventing the public from vaccinating than actually vaccinating people with some certainty,” said he. “I bet J&J is having a fantastic quarter and showing an even better pipeline.”

Procter & Gamble

  • Q3 2021 results to be published: before the market; Conference call: 8:30 a.m.
  • Projected earnings per share: $ 1.19
  • Estimated Revenue: $ 17.97 billion

“The street is actually worried about this. First, there are tough comparisons with the home-stay numbers they came up with a year ago,” said the host. “Second, they handle real inflation from plastics to surfactants [and] Freight.”

Netflix

  • Earnings publication for the first quarter of 2021: 4 p.m. Conference call: 6 p.m.
  • Projected earnings per share: $ 2.97
  • Estimated Revenue: $ 7.14 billion

“That should be fun. Netflix usually beats the numbers and clients always seem to have a good time talking about their business,” he said. “The Netflix conference call also has good content.”

Wednesday: Verizon, Lam Research, Chipotle

Verizon

  • Earnings release for the first quarter of 2021: 7:30 a.m. Conference call: 8:30 a.m.
  • Projected earnings per share: $ 1.29
  • Estimated Revenue: $ 32.47 billion

“I’m starting to think it’s stuck there, making it feel more like a bond than a stock,” Cramer said. “If you have to own a phone company, I have to tell you that I prefer T-Mobile.”

Lam Research

  • Q3 2021 Results publication: After Market; Conference call: 5 p.m.
  • Projected earnings per share: $ 6.61
  • Estimated Revenue: $ 3.72 billion

“Lam is the answer to the semiconductor shortage – they make the equipment needed to make new chips,” he said. “When you hear Taiwan Semi talk endlessly about increasing its investment budget, it means Lam is going to make a fortune.”

Chipotle

  • Publication of the results for the first quarter: 4:10 pm; Conference call: 4:30 p.m.
  • Projected earnings per share: $ 4.89
  • Estimated Revenue: $ 1.75 billion

“I bet this prime example of great natural foods and phenomenal customer service will blast the doors of the quarter and trigger another round of target hikes as analysts desperately try to catch up on the stock price,” the host said.

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

Union Pacific

  • Earnings release for the first quarter of 2021: 8.00 a.m. Conference call: 8:45 a.m.
  • Projected earnings per share: $ 2.06
  • Estimated revenue: $ 5.05 billion

“I think Union Pacific will tell the story of doing more with less, which is efficiency galore,” said Cramer.

Dow

  • Earnings release for the first quarter of 2021: 6 a.m. Conference call: 8 a.m.
  • Projected earnings per share: $ 1.12
  • Estimated Revenue: $ 11.09 billion

“If PPG is a guide from last night, it should come up with some amazing numbers that will allow the stock to break out into the ’70s,” he said.

Danaher

  • Earnings release for the first quarter of 2021: 6 a.m. Conference call: 8 a.m.
  • Projected earnings per share: $ 1.76
  • Estimated Revenue: $ 6.29 billion

“I can’t wait to see how good they are,” said the host. “I expect a fantastic quarter.”

Nucor

  • Earnings release for the first quarter of 2021: TBD; Conference call: 2 p.m.
  • Projected earnings per share: $ 3.05
  • Estimated Revenue: $ 7.18 billion

“We are in an inflationary era, temporary or not, so Nucor should come up with some incredible numbers,” he said.

Intel

  • Earnings publication for the first quarter of 2021: after market start; Conference call: 5 p.m.
  • Projected earnings per share: $ 1.14
  • Estimated Revenue: $ 17.78 billion

“I think Pat is doing a great job inspiring people both inside and outside of this great institution,” said Cramer. “If the stock gets hit, I would be a buyer. Gelsinger can’t turn the Intel battleship down to a dime, but it does turn.”

Boston Beer

  • Earnings publication for the first quarter of 2021: 4 p.m. Conference call: 5 p.m.
  • Projected earnings per share: $ 2.55
  • Estimated Revenue: $ 477 million

“I think the shorts will lean on Boston Beer as always because of that [spiked seltzer] Competition, “he said.” My opinion? The category is growing so fast that Sam Adams parents should do well, thank you. “

Friday: Honeywell, American Express

Honeywell

  • Earnings release for the first quarter of 2021: ahead of the market; Conference call: 8:30 a.m.
  • Projected earnings per share: $ 1.80
  • Estimated Revenue: $ 8.08 billion

“Honeywell is becoming a software-as-a-building service game, not to mention an incredible healthcare company. I think the numbers can keep growing,” said Cramer.

American Express

  • Earnings to be published for the first quarter: 7 a.m. Conference call: 8:30 a.m.
  • Projected earnings per share: $ 1.61
  • Estimated Revenue: $ 9.21 billion

“It’s about gauging the power of the grand reopening. With the combination of small business, credit, travel and entertainment, we should be able to gauge the strength of the future recovery,” he said.

Disclosure: Cramer’s charitable foundation owns interests in Abbott Laboratories, Union Pacific, and Honeywell.

Disclaimer of liability

Questions for Cramer?
Call Cramer at 1-800-743-CNBC

Would you like to dive deep into Cramer’s world? Open it up!
Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram

Questions, comments, suggestions for the Mad Money website? [email protected]

Comments are closed.