CNBC’s Jim Cramer said Friday that investors should be ready to find buying opportunities on the stock market while the earnings season is in full swing.
When companies report quarterly results, market participants are quick to digest the numbers and Wall Street is prone to make a lot of mistakes, he said, citing trade measures in Honeywell and American Express as an example.
“Next week there will be reports that encounter negativity and not all of them will be really bad. So I urge you to take advantage of this weakness,” said the Mad Money host.
Given that well-known brand names like Boeing, Microsoft, Starbucks, and Amazon are set to report, this will be the most brutal part of the earnings season, he added.
“As we get closer to the next five days of earnings, you need to think about what is being hit as badly as what is working, as this market creates some incredible buying opportunities,” said Cramer.
Cramer announced his schedule for the coming week. The earnings per share forecasts are based on FactSet estimates:
Monday: Tesla
Tesla
- Publication of results Q1 2021: after the start of the market; Conference call: 5:30 p.m.
- Projected EPS: 75 cents
- Estimated Revenue: $ 10.48 billion
“These numbers don’t just affect Tesla itself. There are dozen of electric vehicle SPACs, smaller inventories that Tesla need to be successful as it gives legitimacy to the whole group,” Cramer said. “I like Tesla at these levels. I bet the quarter will be good.”
Tuesday: Alphabet, Microsoft, Starbucks and Advanced Micro
alphabet
- Publication of results Q1 2021: after the start of the market; Conference call: 5 p.m.
- Projected earnings per share: $ 15.70
- Estimated Revenue: $ 51.38 billion
“We have to focus on Google Cloud. I think it steals the show. I like it a lot,” said Cramer.
Microsoft
- Q3 2021 Results publication: After Market; Conference call: 5:30 p.m.
- Projected earnings per share: $ 1.78
- Estimated Revenue: $ 41.04 billion
“Microsoft’s stock has risen so much that it has to report a monster neighborhood with huge Azure numbers. The funny thing is, I think they probably will. I say stick with it,” he said.
Starbucks
- Q2 2021 Results publication: After Market; Conference call: 5 p.m.
- Projected EPS: 53 cents
- Estimated Revenue: $ 6.78 billion
“The Chinese business should be very strong, but the US is still moving to a new world where it is the only game in town,” the hosts said. “Starbucks had a monster run last year in anticipation of the grand reopening and that call, well it might be too early. I’m looking for a retreat.”
modern micro devices
- Publication of results Q1 2021: after the start of the market; Conference call: 5 p.m.
- Projected EPS: 44 cents
- Estimated Revenue: $ 3.18 billion
“I bet Lisa Su, the relentless CEO, will tell a great story. And unlike so many other semiconductor names, her stock actually fell 10% over the year, which means she might be ready to rock,” he said.
Wednesday: Boeing, Apple, Ford Motor and Facebook
Boeing
- Earnings release for the first quarter of 2021: ahead of the market; Conference call: 10:30 a.m.
- Estimated losses per share: 96 cents
- Estimated Revenue: $ 15.41 billion
“If you are like me and you think we could be heading for an unprecedented economic boom, including the largest travel attack in this nation’s history, you want to own the company that will benefit the most, and that is Boeing.” Said Cramer.
Apple
- Earnings release for the 2nd quarter 2021: 4:30 p.m. Conference call: 5 p.m.
- Projected EPS: 98 cents
- Estimated Revenue: $ 76.71 billion
“Apple’s stock was lagging behind until recently. It caught fire as we chatted about better cell phone sales and a major potential intrusion into the company,” he said.
Ford engine
- Earnings release for the first quarter of 2021: 4:05 p.m. Conference call: 5 p.m.
- Projected EPS: 21 cents
- Estimated Revenue: $ 36.13 billion
“Despite the lack of chips, I am expecting excellent numbers,” said the hosts. “Ford is worth buying.”
- Publication of results Q1 2021: after the start of the market; Conference call: 5 p.m.
- Projected earnings per share: $ 2.34
- Estimated Revenue: $ 23.72 billion
“Judging from what we heard from Snap last night … I think you’d have to believe Facebook is going to knock it out of the park,” he said. “Once again, it’s not too late to be a buyer on Facebook as I think it’s reaching an all-time high.”
Thursday: Amazon, Skyworks
Amazon
- Publication of results Q1 2021: after the start of the market; Conference call: 5:30 p.m.
- Projected earnings per share: $ 9.49
- Estimated Revenue: $ 104.49 billion
“The stock has been kicking water for months precisely because people are concerned about the year-on-year comparisons,” Cramer said. “I think the company has gained new followers … I think the stock still works.”
Skyworks
- Q2 2021 Results publication: After Market; Conference call: 4:30 p.m.
- Projected earnings per share: $ 2.35
- Estimated Revenue: $ 1.15 billion
“I predict a real blowout,” he said.
Friday: Exxon Mobil, Chevron, Clorox, Colgate
Exxon Mobil
- Earnings release for the first quarter of 2021: 6:30 a.m. Conference call: 9:30 a.m.
- Projected EPS: 60 cents
- Estimated Revenue: $ 56.38 billion
Chevron
- Earnings release for the first quarter of 2021: ahead of the market; Conference call: 11 a.m.
- Projected EPS: 89 cents
- Estimated Revenue: $ 32.54 billion
“When I listen to the oil people, I get the kind of positive vibes I haven’t heard in years. With prices rising and costs falling, I think these two companies might surprise upside,” Cramer said.
Clorox
- Q3 2021 Results to be published: before the market; Conference call: 1:30 p.m.
- Projected earnings per share: $ 1.47
- Estimated Revenue: $ 1.86 billion
Colgate
- Earnings release for the first quarter of 2021: ahead of the market; Conference call: 8:30 a.m.
- Projected EPS: 79 cents
- Estimated Revenue: $ 4.27 billion
“Wall Street is prudent about both,” he said. “I can’t say your stocks will do well when they report … at best they are battlefield stocks and there is no reason to approach a battlefield not in this market.”
Disclosure: Cramer’s charitable foundation owns shares in Amazon, Ford, Boeing, Facebook, Alphabet, Honeywell, Microsoft, and Starbucks.
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