Home Investment 'Be on your toes' this earnings period
'Be on your toes' this earnings period
CNBC's Jim Cramer on Friday urged investors to make careful, considered decisions regarding their portfolios when the new earnings season kicks off next week.
"It's a pivotal week. First of three. Be on your toes. Listen to the calls. Don't take any action unless you're certain. It's very hard to be certain about anything that's just reported," he said, reiterating some of his five rules for earnings season.
The highly anticipated earnings season will see the biggest companies in tech, retail and consumer goods report their quarterly financial results.
Cramer previewed the slate of quarterly reports. All estimates for earnings, revenue and economic data are courtesy of FactSet.
Tuesday: General Electric, 3M, Union Pacific, Microsoft
Q4 2022 earnings release at 6:30 a.m. ET; conference call at 8 a.m. ET
Projected EPS: $1.15
Projected revenue: $21.25 billion
The company should "show us why we would want to be in its energy division. That's the next spinoff after health care, but all we really want is the booming aerospace business," he said.
Projected revenue: $8.04 billion
Cramer said that 3M's roughly 5% dividend yield isn't enough, considering the litigation risk from lawsuits against the company.
Q4 2022 earnings release at 7:45 a.m. ET; conference call at 8:45 a.m. ET
The company's earnings call should give insight into the state of American commerce, Cramer said.
Q2 2023 earnings release at 4:05 p.m. ET; conference call at 5:30 p.m. ET
Investors will "learn whether those layoffs Microsoft announced this week are grounded in disappointment or prudence," he said.
Wednesday: Boeing, IBM, ServiceNow
Q4 2022 earnings release at 7:30 a.m. ET; conference call at 10:30 a.m. ET
Projected EPS: 22 cents
Cramer said he expects a solid quarter from the company.
Q4 2022 earnings release at 4:08 p.m. ET; conference call at 5 p.m. ET
He said he likes the stock going into the quarter because it's a defensive play with a strong 4.7% yield.
The earnings call will show whether beaten-down enterprise software stocks will find a reprieve this year, he said.
Thursday: Dow, Southwest Airlines
Q4 2022 earnings release at 6 a.m. ET; conference call at 8 a.m. ET
Cramer said the company's stock "seems like a buy."
Q4 2022 earnings release at 6:30 a.m. ET; conference call at 12:30 p.m. ET
Projected loss: 7 cents per share
The company is no longer one of the best-run airlines, he said.
Friday: American Express
Q4 2022 earnings release at 7 a.m. ET; conference call at 8:30 a.m. ET
"American Express is a terrific 'life-is-too-short' play," he said.
Disclaimer: Cramer's Charitable Trust owns shares of Microsoft.
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