CNBC’s Jim Cramer on Friday urged investors to make careful, deliberate decisions regarding their portfolios as the new earnings season kicks off next week.
“It’s been an important week. The first three weeks. Get on your tiptoes. Listen to the calls. Don’t act unless you’re sure. It’s very difficult to be certain of anything that’s just been reported.” he said, repeating some of his five rules for the earnings season.
The much-anticipated earnings season will see the biggest companies in the tech, retail and consumer goods sectors report their quarterly financial results.
Cramer previewed the quarterly report. All earnings estimates, sales, and economic data are provided by FactSet.
Tuesday: General Electric, 3M, Union Pacific, Microsoft
- Report Q4 2022 earnings at 6:30 a.m. ET; conference call at 8 a.m. ET
- Estimated EPS: $1.15
- Expected revenue: $21.25 billion
“The company should show us why we want to get into our energy division. It’s the next subsidiary after healthcare, but all we really are,” he said. want is the booming aerospace business.”
- Report Q4 2022 earnings at 6:30 a.m. ET; conference call at 9 a.m. ET
- Estimated EPS: $2.37
- Expected revenue: $8.04 billion
Cramer says 3M’s dividend yield of about 5% is not enough, given the litigation risk from lawsuits against the company.
- Report Q4 2022 earnings at 7:45 a.m. ET; conference call at 8:45 a.m. ET
- Expected EPS: $2.78
- Expected revenue: $6.31 billion
The company’s earnings call will provide insight into the state of US trade, Cramer said.
- Report Q2 2023 earnings at 4:05 p.m. ET; conference call at 5:30 p.m. ET
- Estimated EPS: $2.30
- Expected revenue: $53.13 billion
Investors will “find out if the fired Microsoft published this week are grounds for disappointment or caution,” he said.
Wednesday: Boeing, IBM, ServiceNow
- Report Q4 2022 earnings at 7:30 a.m. ET; conference call at 10:30 a.m. ET
- Expected EPS: 22 cents
- Expected revenue: 20.24 billion USD
Cramer said he expects a solid quarter from the company.
- Report Q4 2022 earnings at 4:08 p.m. ET; conference call at 5 p.m. ET
- Expected EPS: $3.59
- Expected revenue: $16.13 billion
He said he likes the stock going into the quarter because it’s a defensive game with a high 4.7% yield.
- Report Q4 2022 earnings at 4:10 p.m. ET; conference call at 5 p.m. ET
- Estimated EPS: $2.02
- Expected revenue: 1.94 billion USD
The earnings call will show whether falling enterprise software stocks can find some compensation this year, he said.
Thursday: Dow, Southwest Airlines
- Report Q4 2022 earnings at 6 a.m. ET; conference call at 8 a.m. ET
- Expected EPS: 58 cents
- Expected revenue: 12.05 billion USD
The company’s stock “looks like a buy,” Cramer said.
- Report Q4 2022 earnings at 6:30 a.m. ET; conference call at 12:30 p.m. ET
- Expected loss: 7 cents per share
- Expected revenue: $6.22 billion
The company is no longer one of the best performing airlines, he said.
Friday: American Express
- Report Q4 2022 earnings at 7 a.m. ET; conference call at 8:30 a.m. ET
- Expected EPS: $2.23
- Expected revenue: $14.23 billion
“American Express is a great service ‘life-too-short’ play,” he said.
Disclaimer: Cramer’s Charitable Trust owns shares of Microsoft.
