Home Breaking News Jim Cramer’s week ahead: ‘This earnings season has very high standards’

Jim Cramer’s week ahead: ‘This earnings season has very high standards’

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Jim Cramer’s week ahead: ‘This earnings season has very high standards’

CNBC’S Jim Cramer stated Friday that traders are getting another to take hold of shares of high-quality companies after a tough day of trading on Wall Boulevard to shut out the month.

The principle averages all fell no longer up to 1% in the final session of April, making it a shedding week for both the Dow Jones Industrial Moderate and the Nasdaq Composite.

Early Newspaper

Furious by the burly month, the Dow rose 2.71% while the S&P 500 and Nasdaq advanced more than 5% as traders digested company earnings reports.

“As we head into next week … do no longer overlook that this earnings season has very high standards,” the “Angry Money” host stated. “Withhold your eyes peeled for more shares that would per chance per chance catch beaten in the wake of mountainous quarters, and then assemble some looking out for.”

Cramer gave his recreation notion for the week ahead. Earnings-per-share projections are in line with FactSet estimates:

Monday: Estee Lauder, Diamondback Energy earnings

Estee Lauder

  • Q3 2021 earnings release: before market; convention name: 9: 30 a.m.
  • Projected EPS: $1.32
  • Projected revenue: $3.94 billion

“This company, led by the bankable Fabrizio Freda, assign up some astonishing numbers final time. I suspect we’re going to catch one other blowout,” Cramer stated.

Diamondback Energy

  • Q1 2021 earnings release: after market; convention name: Tuesday, 9: 00 a.m.
  • Projected EPS: $1.81
  • Projected revenue: $1.04 billion

“Now we hold had some true disappointments this present day from Chevron and Exxon, despite coarse’s contemporary jaunt to $65, so let’s look what they assemble with the quickest grower in the oil patch,” he stated.

Tuesday: Pfizer, CVS, DuPont, AT&T, T-Mobile earnings

Pfizer

  • Q1 2021 earnings release: before market; convention name: 10 a.m.
  • Projected EPS: 78 cents
  • Projected revenue: $13.65 billion

“I feel Pfizer’s a fair loyal stock, accumulate management, absolute top, protected dividend yield,” Cramer stated. “Provided that the drug shares hold was the wide disappointment of this earnings season, you may per chance per chance are also desirous to wait to dash wanting what occurs before you pull the trigger.”

CVS

  • Q1 2021 earnings release: before market; convention name: 8 a.m.
  • Projected EPS: $1.73
  • Projected revenue: $68.36 billion

“I feel that contemporary CEO Karen Lynch has a fair loyal narrative to mutter … but while you happen to read throughout the total Amazon letter final evening, as I did, you would know that they’re gunning for the drugstores,” he stated. “That goes to blueprint it a tough slog. You never, ever are desirous to compete against Amazon while you happen to can steer definite of it.”

DuPont de Nemours

  • Q1 2021 earnings release: TBD; convention name: 8 a.m.
  • Projected EPS: 75 cents
  • Projected revenue: $3.85 billion

“I bet it have the option to hold a bang-up quarter,” the host stated.

T-Mobile

  • Q1 2021 earnings release: 4: 05 p.m.; convention name: 4: 30 p.m.
  • Projected EPS: 54 cents
  • Projected revenue: $18.73 billion

“T-Mobile’s been essentially among the finest funding in the neighborhood while you happen to take hold of to hold capital appreciation. That is no longer any longer going to alter,” he stated.

Wednesday: Frequent Motors, Scotts Miracle-Gro, PayPal, Twilio earnings

Frequent Motors

  • Q1 2021 earnings release: 7: 30 a.m.; convention name: 10 a.m.
  • Projected EPS: $1.05
  • Projected revenue: $33 billion

“Its stock has already been seasoned attributable to the pin movement from Ford earlier this week,” Cramer stated. “I feel GM’s in higher shape when it comes to chips, which draw the stock will be worth looking out for before the quarter.”

Scotts Miracle-Gro

  • Q2 2021 earnings release: before market; convention name: 9: 00 a.m.
  • Projected EPS: $5.48
  • Projected revenue: $1.69 billion

“Or no longer it’s a vogue of spare time actions esteem boating that exploded at some stage in the pandemic duration and I feel carries over into this season,” he stated. “Plus, Scotts can give us a sense of how tough the at-home hashish market is.”

PayPal

  • Q1 2021 earnings release: after market; convention name: 5 p.m.
  • Projected EPS: $1.01
  • Projected revenue: $5.91 billion

Twilio

  • Q1 2021 earnings release: after market; convention name: 5 p.m.
  • Projected loss per share: 10 cents
  • Projected revenue: $533 million

“Every companies are astonishing, but their shares were erratic because secular pronounce stories are out of vogue in the Wall Boulevard vogue indicate loyal now,” the host stated. “Whenever you esteem them, I advocate looking out for some before the quarter and a few after to blueprint sure you catch essentially among the finest foundation.”

Thursday: ViacomCBS, Regeneron, Penn Nationwide Gaming, Roku, Peloton, AMC Entertainment earnings

ViacomCBS

  • Q1 earnings release: before market; convention name: 8: 30 a.m.
  • Projected EPS: $1.22
  • Projected revenue: $7.33 billion

“We don’t the truth is know where Viacom’s stock deserves to interchange, given that it was mutter up to more than twice where it is now by a foolish hedge fund, Archegos, and then when that fund collapsed, so did this stock,” Cramer stated.

Regeneron

  • Q1 2021 earnings release: before market; convention name: 8: 30 a.m.
  • Projected EPS: $8.74
  • Projected revenue: $2.53 billion

“The health complex in Washington has no longer been model to Regeneron,” he stated.

Penn Nationwide Gaming

  • Q1 2021 earnings release: 7: 00 a.m.; convention name: 9: 00 a.m.
  • Projected EPS: 26 cents
  • Projected revenue: $1.14 billion

“Playing’s been on an real trot right here, momentum,” the host stated. “Has the partnership with Barstool brought in the gamblers that I feel they’ve? I bet the numbers are dazzling.”

Roku

  • Q1 2021 earnings release: after market; convention name: 5 p.m.
  • Projected loss per share: 15 cents
  • Projected revenue: $492 million

Peloton

  • Q3 2021 earnings release: after market; convention name: 5 p.m.
  • Projected loss per share: 12 cents
  • Projected revenue: $1.12 billion

“Now we hold adjusted our habits and would per chance per chance even nonetheless support doing about a of these items when the pandemic’s over, but these two [stocks] are two of essentially the most costly shares in the total market,” Cramer stated “Their a success would per chance per chance even no longer translate into higher stock costs.”

AMC Entertainment

  • Q1 2021 earnings release: after market; convention name: 5 p.m.
  • Projected loss per share: $1.37
  • Projected revenue: $156 million

“Or no longer it’s bought so noteworthy stock in the marketplace that I don’t have faith it will rally, even because the reopening will save the enterprise,” he stated.

Disclosure: Cramer’s charitable belief owns shares of DuPont de Nmours.

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Jim Cramer’s week ahead: ‘This earnings season has very high standards’