CNBC’s Jim Cramer stated on Friday that subsequent week’s market occasions might supply indicators of a late December rally after a extremely unstable week that noticed many smaller expertise shares slip throughout rising investor concern concerning the omicron Covid variant.
“I believe we could also be in for extra punishment as a result of the valuations acquired so uncontrolled, however given the crushing blows we have seen to date, there’s motive to imagine that we’re getting nearer and nearer to the sunshine on the finish of the tunnel,” Cramer stated.
Here’s what the Mad Money host might be watching through the coming week. All income and per-share earnings estimates are pulled from FactSet.
Monday: MongoDB and Coupa Software
MongoDB
Q3 2022 earnings launch after the bell; convention name at 5 p.m.Projected Loss: Loss of 38 cents per shareProjected income: $205.3 million
Coupa Software
Q3 2022 earnings launch after the bell; convention name at 4:30 p.m.Projected EPS: 3 centsProjected income: $178.3 million
Cramer stated that expertise corporations MongoDB and Coupa Software have been “crushed” currently as cash managers dump dangerous shares for safer bets amid omicron worries. “MongoDB and Coupa additionally discover themselves within the unenviable place of getting to report proper after what’s going to little doubt be one of many very greatest weekends of when we’ll hear concerning the omicron variant,” Cramer stated.
Tuesday: SentinelOne, Toll Brothers and Stitch Fix
SentinelOne
Q3 outcomes after the bell; convention name at 5 p.m. ET TuesdayProjected Loss: Loss of 18 centsProjected income: $49.6 million
Cramer stated cybersecurity firm SentinelOne is an effective check case for buyers to find out if expertise shares have been oversold. “I used to be shocked to see that this inventory had already come down from $76 to $46, for no apparent motive except for the broader inventory market rotation,” Cramer stated.
Toll Brothers
This fall outcomes after the bell; convention name at 8:30 a.m. ET WednesdayProjected EPS: $2.48Projected income: $2.9 billion
Toll Brothers, the high-end homebuilder, has a number of tailwinds which have helped it put up “wonderful numbers,” Cramer stated, together with low mortgage charges, sturdy revenue margins, and the hybrid work setting that is boosting residence gross sales. “Will Toll Brothers be harm by right this moment’s weaker-than-expected jobs report? I doubt it,” Cramer stated.
Stitch Fix
Q1 outcomes after the bell; convention name at 4:30 p.m. ET TuesdayProjected Loss: Loss of 14 centsProjected income: $571 million
Stitch Fix is extra of an attire play than a tech inventory, Cramer contended, however he stated subsequent week’s earnings would possibly point out that it and comparable shares with a heavy digital element have hit their backside and are able to rise once more.
Wednesday: UiPath, Campbell Soup, RH and GameStop
UiPath
Q3 outcomes after the bell; convention name at 5 p.m. ET WednesdayProjected EPS: Loss of 4 centsProjected income: $208.3 million
Cramer additionally believes that UiPath, a software program firm specializing in automating repetitive duties, is a key check case for expertise shares.
Campbell Soup
Q1 outcomes earlier than the bell; convention name at 8 a.m. WednesdayProjected EPS: 81 centsProjected gross sales: $2.28 billion
“Think the world’s coming to an finish? All proper, then I’ve acquired one thing for you” in Campbell Soup, Cramer stated on Friday, noting that he sees its efficiency as extra of a number one indicator on slowdown-related names than a mirrored image on the corporate’s administration.
RH
Q3 outcomes after the shut; convention name at 5 p.m. ET WednesdayProjected EPS: $6.62Projected income: $983 million
“I believe CEO Gary Friedman has a long-term view,” Cramer stated, including that previously, each sell-off in RH shares have “been a motive to purchase, not promote.”
Gamestop
Q3 outcomes after the bell; convention name at 5 p.m. ET WednesdayProjected Loss: Loss of 52 centsProjected gross sales: $1.2 billion
Cramer says GameStop is the “king of the meme shares” regardless of the very fact he hasn’t seen a “actual turnaround plan” from the corporate’s new administration. “I can not justify proudly owning it up right here and I believe the Wall Street Bets cohort has run out of firepower of late … however there’s super prurient curiosity right here,” Cramer stated.
Thursday: Broadcom, Costco, Hormel, Lululemon and Chewy
Broadcom
This fall outcomes after the bell; convention name at 5 p.m. ET ThursdayProjected EPS: $7.74Projected income: $7.36 billion
Chipmaker Broadcom has been “remarkably constant in an inconsistent world,” Cramer stated.
Costco
Q1 outcomes after the bell; convention name at 5 p.m. ET ThursdayProjected EPS: $2.62Projected income: $54.1 billion
Costco usually will get hit after huge runs greater, Cramer stated, providing buyers a shopping for alternative.
Hormel
This fall outcomes earlier than the bell; convention name at 9 a.m. ET ThursdayProjected EPS: 50 centsProjected income: $3.22 billion
Cramer stated that Hormel is a “tried and true” identify that is down from its highs regardless of savvy administration strikes.
Lululemon
Q3 outcomes after the shut; convention name at 4:30 p.m. ET ThursdayProjected EPS: $1.40Projected income: $1.43 billion
Cramer stated he believes Lululemon will flip in a “unbelievable” report subsequent Thursday, making it an aggressive play.
Chewy
Q3 outcomes after the shut; convention name at 5 p.m. ET ThursdayProjected Loss: Loss of three centsProjected income: $2.21 billion
“I additionally wish to hear from Chewy,” Cramer stated. “The on-line pet meals retailer that is seen its inventory get minimize in half. … You get the sample right here? It’s referred to as a bear market, individuals: Anything digitized is getting pulverized.”
Friday: Centene
Centene
Investor assembly 8:30 a.m. ET
Centene’s analyst assembly might ship excellent news for buyers within the type of bountiful money circulate and buybacks, Cramer stated.
Sign up now for the CNBC Investing Club to comply with Jim Cramer’s each transfer out there. Cramer’s charitable belief owns shares of Broadcom and Costco.
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