CNBC’s Jim Cramer on Friday told investors that stocks will likely continue to do well as long as the economy holds up.
“Many companies have battened down the hatches, so to speak, and prepped for a recession. So if we don’t get a severe slowdown, they will indeed keep flying,” he said.
He also previewed next week’s slate of earnings. All earnings and revenue estimates are courtesy of FactSet.
Monday: Logitech
- Q2 2023 earnings release at 9 p.m. ET; conference call on Tuesday at 8:30 a.m. ET
- Projected EPS: 85 cents
- Projected revenue: $1.2 billion
Cramer said the stock could take a hit because of the slowdown in the PC market.
Tuesday: Halliburton, Coca-Cola, Alphabet, Microsoft
- Q3 2022 earnings release at 6:45 a.m. ET; conference call at 9 a.m. ET
- Projected EPS: 56 cents
- Projected revenue: $5.34 billion
Halliburton’s stock could soar after it reports earnings, he predicted.
- Q3 2022 earnings release at 6:55 a.m. ET; conference call at 8:30 a.m. ET
- Projected EPS: 64 cents
- Projected revenue: $10.52 billion
Cramer said he expects the company to have a strong quarter, similar to Pepsi-Co‘s.
- Q3 2022 earnings release at 4 p.m. ET; conference call at 5 p.m. ET
- Projected EPS: $1.27
- Projected revenue: $71.08 billion
The Google parent company will likely report a solid quarter due to the strength of YouTube, he predicted.
- Q1 2023 earnings release at 4:05 p.m. ET; conference call at 5:30 p.m. ET
- Projected EPS: $2.31
- Projected revenue: $49.66 billion
Cramer said he expects the stock to jump after the company reports.
Wednesday: Meta, Ford
- Q3 2022 earnings release at 4:05 p.m. ET; conference call at 5 p.m. ET
- Projected EPS: $1.90
- Projected revenue: $27.47 billion
He called himself the “only believer” of the Facebook parent company.
- Q3 2022 earnings release at 4:05 p.m. ET; conference call at 5 p.m. ET
- Projected EPS: 27 cents
- Projected revenue; $37.46 billion
While the demand is there for Ford’s vehicles, supply isn’t, Cramer said.
Thursday: Apple, Amazon
- Q4 2022 earnings release at 4:30 p.m. ET; conference call at 5 p.m. ET
- Projected EPS: $1.27
- Projected revenue: $88.79 billion
Cramer said he’s sticking to his mantra of “own it, don’t trade it” when it comes to Apple.
- Q3 2022 earnings release at 4 p.m. ET; conference call at 5:30 p.m. ET
- Projected EPS: 22 cents
- Projected revenue: $127.49 billion
Cramer said he likes the company, especially because its cloud business seems to be doing well.
Friday: Colgate-Palmolive
- Q3 2022 earnings release at 7 a.m. ET; conference call at 8:30 a.m. ET
- Projected EPS: 73 cents
- Projected revenue; $4.47 billion
There are better consumer packaged-goods plays than Colgate, he said.
Disclaimer: Cramer’s Charitable Trust owns shares of Halliburton, Alphabet, Microsoft, Meta, Ford, Apple and Amazon.
