Stocks can be punished more

By CNBC Jim Cramer said on Friday that next week’s market events could show signs of a late-December rally after a volatile week that saw many smaller tech stocks slide while home Investors are concerned about the Covid omicron variant.

“I think we will probably get more penalized because valuations have gotten out of hand, but given the strong blows we’ve seen so far, there’s reason to believe we’re on the mend. getting closer to the light at the end of the tunnel,” Cramer said.

Here’s what the Mad Money host will be watching over the next week. All revenue and earnings per share estimates are obtained from FactSet.

MongoDB

• Q3 2022 earnings announced after the bell; conference call at 5 p.m
• Expected Loss: Loss of 38 cents/share
• Expected Revenue: $205.3 million

Coupa software

• Q3 2022 earnings announced after the bell; conference call at 4:30 pm
• Forward EPS: 3 cents
• Expected Revenue: $178.3 million

Cramer said that tech companies MongoDB and Coupa Software were “squeezed” recently as money managers sold risky stocks for safer bets amid concerns about omicrons. “MongoDB and Coupa also find themselves in the inevitable position of having to report shortly after what will undoubtedly be one of the biggest weekends when we hear about the omicron variation,” Cramer said.

SentinelOne

• Q3 results after the bell; conference call at 5 p.m. ET Tuesday
• Expected Loss: Loss of 18 cents
• Expected revenue: $49.6 million

Cramer said cybersecurity firm SentinelOne is a good test case for investors to determine if tech stocks are oversold. “I was shocked to see this stock drop from $76 to $46 for no apparent reason other than stock market rotation,” Cramer said.

Fees are collected by brothers

• Q4 results after the bell; conference call at 8:30 a.m. ET Wednesday
• Forward EPS: $2.48
• Expected revenue: $2.9 billion

Toll Brothers, the luxury home builder, has a number of matches that have helped it hit “incredible numbers,” Cramer said, including low mortgage rates, low margins, and strong margins. High and the combined work environment is driving home sales. “Will Toll Brothers be hurt by today’s weaker-than-expected jobs report? I doubt it,” Cramer said.

Repairs

• Q1 results after the bell; conference call at 4:30 p.m. ET Tuesday
• Expected Loss: Lose 14 cents
• Expected revenue: 571 million USD

Cramer thinks Stitch Fix is ​​more of a game of apparel than a tech stock, but he said next week’s earnings could show that it and similar stocks with a heavy digital component have touched. bottom and ready to rise again.

UiPath

• Q3 results after the bell; conference call at 5 p.m. ET Wednesday
• Forward EPS: Loss of 4 cents
• Expected Revenue: $208.3 million

Cramer also believes that UiPath, a software company that specializes in automating repetitive tasks, is an important test case for tech stocks.

Campbell Soup

• Q1 results before the alarm; conference call at 8 a.m. Wednesday
• Forward EPS: 81 cents
• Expected revenue: $2.28 billion

“Think the world is about to end? Okay, then I have something for you” in Campbell Soup, Cramer said on Friday, noting that he sees its performance more like a row indicator. head on names associated with the slowdown rather than a reflection of the company’s management.

RH

• Q3 results after closing; conference call at 5 p.m. ET Wednesday
• Forward EPS: $6.62
• Expected revenue: $983 million

“I think CEO Gary Friedman has a long-term view,” Cramer said, adding that in the past, every sell-off in RH stock has been “a reason to buy, not to sell.”

Gamestop

• Q3 results after the bell; conference call at 5 p.m. ET Wednesday
• Expected Loss: Lost 52 cents
• Expected revenue: $1.2 billion

Cramer says that GameStop is the “king of meme stocks” despite the fact that he hasn’t seen a “real turnaround plan” from the company’s new management. “I can’t justify owning it here and I think the Wall Street Betting team has run out of power … but there’s a huge interest here,” Cramer said.

Broadcom

• Q4 results after the bell; conference call at 5 p.m. ET Thursday
• Forward EPS: $7.74
• Expected revenue: $7.36 billion

Chipmaker Broadcom has been “significantly consistent in an inconsistent world,” Cramer said.

Costco

• Q1 results after the bell; conference call at 5 p.m. ET Thursday
• Expected EPS: $2.62
• Expected revenue: $54.1 billion

Cramer said Costco is often hit after big rallies higher, giving investors a buying opportunity.

Hormel

• Q4 results before ringing; conference call at 9 a.m. ET Thursday
• Forward EPS: 50 cents
• Expected revenue: 3.22 billion USD

Cramer says that Hormel is a “tried and true” name that has fallen from its highs despite savvy management moves.

Lululemon

• Q3 results after closing; conference call at 4:30 p.m. ET Thursday
• Expected EPS: $1.40
• Expected revenue: 1.43 billion USD

Cramer said he believes Lululemon will appear in a “great” report next Thursday, making it an aggressive play.

Tough

• Q3 results after closing; conference call at 5 p.m. ET Thursday
• Expected Loss: Lost 3 cents
• Expected revenue: $2.21 billion

“I’d love to hear from Chewy too,” Cramer said. “The online pet food retailer has seen its inventory cut in half. … You see the pattern here? It’s called a bear market, people: Anything Anything digitized is ground to a powder.”

Centene

• Investor Meeting 8:30 a.m. ET

The analysts’ meeting could bring good news to investors in the form of ample cash flow and buybacks, Cramer said.

Register now for CNBC Investment Club to track Jim Cramer’s every move in the markets. The Cramer Foundation owns shares of Broadcom and Costco.

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