CNBC’s Jim Cramer on Friday told investors that stocks will likely proceed to do well so long as the economy holds up.
“Many firms have battened down the hatches, so to talk, and prepped for a recession. So if we do not get a severe slowdown, they may 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 successful due to slowdown within the PC market.
Tuesday: Halliburton, Coca-Cola, Alphabet, Microsoft
Halliburton
- 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.
Coca-Cola
- 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 corporate to have a robust quarter, much like Pepsi-Co‘s.
Alphabet
- 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 attributable to the strength of YouTube, he predicted.
Microsoft
- 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 leap after the corporate reports.
Wednesday: Meta, Ford
Meta
- 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.
Ford
- 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 is not, Cramer said.
Thursday: Apple, Amazon
Apple
- 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” on the subject of Apple.
Amazon
- 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 corporate, especially because its cloud business appears 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 higher consumer packaged-goods plays than Colgate, he said.
Disclaimer: Cramer’s Charitable Trust owns shares of Halliburton, Alphabet, Microsoft, Meta, Ford, Apple and Amazon.
Jim Cramer’s Guide to Investing
Click here to download Jim Cramer’s Guide to Investing for free of charge to assist you to construct long-term wealth and invest smarter.
