CNBC’s Jim Cramer on Friday advised investors to ring the register on a few of their positions to make the most of the bull market.
“I do not know if we will proceed this week’s bizarrely bullish behavior, but it surely’s value sticking around and … you’ll be able to trim a little bit of some stock that you simply’re up lots,” he said
Stocks fell on Friday after a robust January jobs report renewed fears that the Federal Reserve will proceed mountain climbing rates of interest. The S&P 500 and Nasdaq Composite still managed to finish the week on the positive side, with the tech-heavy index notching its fifth consecutive winning week.
Cramer also reviewed next week’s slate of earnings. All estimates for earnings, revenue and economic data are courtesy of FactSet.
Monday: Tyson Foods, Simon Property Group
Tyson Foods
- Q1 2023 earnings release at 7:30 a.m. ET; conference call at 9 a.m. ET
- Projected EPS: $1.31
- Projected revenue: $13.51 billion
Cramer said the conference call should give insight into the state of food inflation at grocery stores.
Simon Property Group
- Q4 2022 earnings release at 4:05 p.m. ET; conference call at 5 p.m. ET
- Projected EPS: $3.15
- Projected revenue: $1.29 billion
“They could pull a rabbit out of a hat” despite it being a troublesome time for firms within the office property business, he said.
Tuesday: Chipotle Mexican Grill, Enphase Energy
Chipotle Mexican Grill
- Q4 2022 earnings release at 4:10 p.m. ET; conference call at 4:30 p.m. ET
- Projected EPS: $8.91
- Projected revenue: $2.23 billion
Cramer said he expects the quarter to be phenomenal given the corporate’s plan to rent 15,000 restaurant staff ahead of the busy spring months.
Enphase Energy
- Q4 2022 earnings at 4:05 p.m. ET; conference call at 4:30 p.m. ET
- Projected EPS: $1.27
- Projected revenue: $707 million
“I at all times say the identical thing — for those who imagine that solar will be even larger than it’s now, then Enphase is the fitting stock for you,” he said.
Wednesday: CVS Health, Disney
CVS Health
- Q4 2022 earnings release at 6:30 a.m. ET; conference call at 8 a.m. ET
- Projected EPS: $1.92
- Projected revenue: $76.33 billion
Cramer said that he’s curious why the corporate’s stock has turn out to be “an actual bow-wow.”
Disney
- Q1 2023 earnings release at 4:05 p.m. ET; conference call at 4:30 p.m. ET
- Projected EPS: 79 cents
- Projected revenue: $23.44 billion
He predicted that Disney’s performance will improve now that CEO Bob Iger is back at the corporate’s helm.
Thursday: PepsiCo, PayPal
PepsiCo
- Q4 2022 earnings release at 6 a.m. ET; conference call at 8:15 a.m. ET
- Projected EPS: $1.65
- Projected revenue: $26.84 billion
“I actually think they’ll deliver good numbers on Thursday, but when we now have a growth hangover it may not matter to the market,” he said.
PayPal
- Q4 2022 earnings release at 4:15 p.m. ET; conference call at 5 p.m. ET
- Projected EPS: $1.20
- Projected revenue: $7.39 billion
“Who needs PayPal when Apple Pay is built into your phone?” he said.
Friday: Enbridge, Newell Brands
Enbridge
- Q4 2022 earnings release before the opening bell; conference call at 9 a.m. ET
- Projected EPS: 54 cents
- Projected revenue: $10 billion
Cramer said he wants to listen to the corporate speak about where the worth of natural gas is headed.
Newell Brands
- Q4 2022 earnings release at 6 a.m. ET; conference call at 8:30 a.m. ET
- Projected EPS: 11 cents
- Projected revenue: $2.23 billion
The corporate had a “compelling” turnaround, based on Cramer.
Disclaimer: Cramer’s Charitable Trust owns shares of Apple and Disney.
