This is a treacherous market filled with extreme stock moves
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CNBC’s Jim Cramer on Friday offered viewers his game plan for the next five trading days on Wall Street.
The “Mad Money” host’s lookahead came after the S&P 500 and Nasdaq Composite posted their best weeks so far in 2022, finishing 1.5% and 2.4% higher, respectively.
“This week we saw the true colors of what is a treacherous market,” the “Mad Money” host said. If investors love a stock, there’s “no level it won’t be taken up to,” he said. “But if it’s hated? There are no depths it won’t sink to. Either way … it’s likely to be an extreme.”
All revenue and earnings per share estimates are from FactSet.
Monday: Tyson Foods, Two-Take Interactive and Simon Property Group
- Q1 earnings release before the bell; conference call at 9 a.m. ET
- Projected EPS: $1.93
- Projected revenue: $12.17 billion
Cramer said the company’s quarter should provide insights into the country’s meat supply chain, which has experienced a host of challenges during the Covid pandemic.
- Q3 earnings release after the close; conference call at 4:30 p.m. ET
- Projected EPS: $1.12
- Projected sales: $868 million
Take-Two’s quarter will provide a glimpse into how much of the pandemic-related surge in gaming has stuck around, Cramer said. “[CEO] Strauss Zelnick is the straightest of straight shooters. If demand is waning, he’s just going to say it.”
- Q4 earnings release after the bell; conference call at 5 p.m.
- Projected EPS: $2.89
- Projected revenue: $1.25 billion
Tuesday: Centene, Pfizer, Chipotle, DuPont and Peloton
- Q4 earnings before the open; conference call at 8:30 a.m. ET
- Projected EPS: 98 cents
- Projected revenue: $32.5 billion
“I think it’s a takeover target and I bet we’ll get a very good quarter,” Cramer said of the health insurer.
- Q4 earnings before the bell; conference call at 10 a.m. ET
- Projected EPS: 87 cents
- Projected sales: $24.16 billion
Cramer also said he expects very good numbers from Pfizer.
- Q4 earnings before the open; conference call at 8 a.m. ET
- Projected EPS: 99 cents
- Projected revenue: $4.02 billion
“The great industrials have had a real up and down time in this market and I fear this could be DuPont’s down time, which is why we finally decided to ring the register for a terrific profit for the charitable trust,” Cramer said.
- Q4 earnings after the close; conference call at 4:30 p.m. ET
- Projected EPS: $5.25
- Projected sales: $1.96 billion
Cramer said Chipotle’s quarter is the one he’s most interested in Tuesday. “I think it could do low double-digit same-store sales versus last year’s already excellent numbers and that should cause the stock to ignite,” he said. “Raw costs are always a problem in the business, though.”
- Q2 earnings after the close; conference call at 5 p.m. ET
- Projected EPS: Loss of $1.22
- Projected revenue: $1.14 billion
Cramer said he’s looking for a host of updates from Peloton’s management after the exercise equipment maker’s stock has been pummeled in recent months. One topic that is likely to come up…
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