The earnings season was “much better” than anticipated

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CNBC’s Jim Cramer, which marks the end of earnings season, said Friday the list of key company reports for the past few weeks was “far better than expected.”

The results showed, he said, that investors have a range of investment options aside from any speculative trading that has puzzled Wall Street professionals lately.

The comments come after major US averages rose in Friday’s session, posting weeks of profits that pushed the market to new highs. The Dow Jones Industrial Average rose 1% this week to close at 3,458.40. The S&P 500 rose 1.23% to 3,934.83. The tech-heavy Nasdaq Composite won the bot, rising 1.7% to 14,095.47.

After trading closed, Cramer said market activity had become less volatile after several weeks of high volume trading.

“I like normal, because if we are not careful, a large part of this market could be directed down the highway into the danger zone,” said the host of “Mad Money”. “A day with less foam, like today, is a day the rally feels more sustainable. But when the cannabis cohort and the shortbusters and the incredible pumping and dumping I see on the internet come back, you know I do know I’ll have to get more negative. “

Cramer announced his schedule for the coming week. The forecasts for earnings per share are based on FactSet estimates:

Tuesday: CVS Health, Zoetis, Ring Central, and Occidental

CVS health

  • Q4 publication of results: before the market; Conference call: 8:45 a.m.
  • Projected earnings per share: $ 1.24
  • Estimated Revenue: $ 68.73 billion

“CVS was challenged by Amazon as a drug store and was challenged by a variety of competitors on the health insurance side,” said Cramer. “If [CEO Karen] Lynch can up the numbers and back up some solid traffic predictions … I could see the stock finally getting the traction it deserves. “

Zoetis

  • Q4 publication of results: before the market; Conference call: 8:30 a.m.
  • Projected EPS: 86 cents
  • Estimated Revenue: $ 1.74 billion

“I think you will see another round of gains in humanizing animal populations,” he said.

RingCentral

  • Q4 publication of results: After Market; Conference call: 5 p.m.
  • Projected EPS: 27 cents
  • Estimated revenue: $ 318 million

“RingCentral makes call center software, but it also has a video conferencing platform that competes with Zoom and is growing well,” said the host. “The company is aggressive and growing fast.”

Occidental Petroleum

  • Q4 publication of results: After Market; Conference call: Wednesday, 11 a.m.
  • Estimated losses per share: 58 cents
  • Estimated Revenue: $ 4.32 billion

“Many predict the long oil bear market is over. I’m not so sure about that – too much supply – but if you believe it, nobody is more optimistic about oil than Vicki Holub, CEO of Occidental,” said he.

Wednesday: Shopify, Twilio, Fastly, Pioneer Natural Resources, and Boston Beer Earn

Shopify

  • Earnings release for the third quarter of 2021: 6 a.m. Conference call: 8:30 a.m.
  • Projected earnings per share: $ 1.26
  • Estimated Revenue: $ 913 million

Twilio

  • Q4 publication of results: After Market; Conference call: 5 p.m.
  • Estimated losses per share: 8 cents
  • Estimated Revenue: $ 455 million

“I bet two of them make great, amazing quarters,” said Cramer.

Fast

  • Q4 publication of results: After Market; Conference call: 5 p.m.
  • Estimated losses per share: 11 cents
  • Estimated Revenue: $ 82 million

“They rebuilt their credibility after a huge deficit in October,” he said. “I think the problems are behind it.”

Natural resource pioneer

  • Q4 publication of results: After Market; Conference call: Thursday, 9 a.m.
  • Projected EPS: 70 cents
  • Estimated Revenue: $ 1.89 billion

“I don’t recommend many oil companies these days, but if you put a gun to my head to make me vote, I would say, ‘Would you please put the gun down and just buy Pioneer,” said the host.

Boston Beer

  • Publication of results for the fourth quarter: 4:15 pm; Conference call: 5 p.m.
  • Projected earnings per share: $ 2.63
  • Estimated Revenue: $ 453 million

“If another company gets into this tough seltzer business, is it too much for them?” he said. “I bet you can still get a good quarter here, but don’t be welcome any longer if you’re being shot at with guns like these guys. The field just keeps getting full.”

Thursday: Walmart, Barrick Gold, Applied Materials, Roku, The Trade Desk

Walmart

  • Earnings release for the fourth quarter of 2021: 7 a.m. Conference call: 8 a.m.
  • Projected earnings per share: $ 1.51
  • Estimated Revenue: $ 148.26 billion

“I want to learn about initiatives and benchmarks that show us Walmart is still hungry,” said Cramer.

Barrick Gold

  • Fourth quarter results to be published at 6:00 am; Conference call: 11 a.m.
  • Projected EPS: 31 cents
  • Estimated Revenue: $ 3.25 billion

“I know CEO Dr. Mark Bristow will give you a glimpse into the only real growth and income game in the industry that I trust,” he said. “It’s a pre-quarter buy if you like gold.”

Applied materials

  • Earnings release for the first quarter of 2021: 4:01 pm; Conference call: 4:30 p.m.
  • Projected earnings per share: $ 1.28
  • Estimated Revenue: $ 4.97 billion

“The stock has rallied like crazy because of that [chip] Lack, but I think things are good enough to keep climbing, especially as the Biden White House seems to be realizing the extent of the problem, “the host said.

year

  • Q4 publication of results: After Market; Conference call: 5 p.m.
  • Estimated losses per share: 6 cents
  • Estimated Revenue: $ 615 million

Trade Desk

  • Q4 publication of results: After Market; Conference call: 5 p.m.
  • Projected earnings per share: $ 1.88
  • Estimated Revenue: $ 292 million

“These companies are wire-cutting kingpins designed for the new world of wireless watching and advertising. Everyone keeps wondering when their profits will stop,” he said. “I wonder why anyone would expect them to stop when it took decades for traditional radio television to be superseded.”

Friday: Deere and Magna revenue

Deere

  • Publication of results Q1 2021: before the market; Conference call: 10 a.m.
  • Projected earnings per share: $ 2.12
  • Estimated Revenue: $ 7.14 billion

“I bet Deere is telling a story about higher commodity prices with their order books full of tractors,” said Cramer.

Magna

  • Q4 publication of results: before the market; Conference call: 8 a.m.
  • Projected earnings per share: $ 2.58
  • Estimated Revenue: $ 13.03 billion

“We have a glowing auto market, they are the best assemblers, and these people also build cars for great electric vehicle players like Fisker,” he said.

Disclosure: Cramer’s charitable foundation owns interests in CVS Health and Walmart.

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