Cramer’s week ahead: Retail giants report earnings, stay away from ‘toxic’ stocks

Cramer’s week ahead: Retail giants report earnings, stay away from ‘toxic’ stocks


CNBC’s Jim Cramer said Friday that he’s breathing a sigh of relief as beaten-down stocks ‘have already taken enough hits,’ allowing investors to trade in a safer environment next week –  though they still need to tread carefully.

“When we’ve been beaten down to these levels, we reach a point where stocks that would normally be clubbed have already taken enough hits, and that alone has allowed them to have at least a short covering rebound, which is what today might have been,” the “Mad Money” host said.

“Many stocks have finally come down to the point where it’s safe to be constructive, as long as you stay away from the most toxic areas, so I’m breathing a sigh of relief here,” he added.

Stocks rose on Friday to conclude a volatile week of trading, with the Dow Jones Industrial Average gaining 1.47% while the S&P 500 increased 2.39%. The Nasdaq Composite climbed 3.82%.

Cramer noted he is watching for St. Louis Federal Reserve President James Bullard’s comments on inflation next week.

“He’s a hawk’s hawk — he’s also my kind of hawk. Bullard knows it is only going to get harder to break the cycle of inflation if the Fed doesn’t act decisively right now,” Cramer said.

He also previewed next week’s slate of earnings. All earnings and revenue estimates are courtesy of FactSet.

Monday: Weber, Warby Parker

Weber

  • Q2 2022 earnings release before the bell; conference call at 8:30 a.m. ET
  • Projected EPS: 18 cents
  • Projected revenue: $659 million

Warby Parker 

  • Q1 2022 earnings release before the bell; conference call at 8 a.m. ET
  • Projected EPS: $0
  • Projected revenue: $154 million

Cramer said that both Weber’s and Warby Parker’s earnings will reveal the market’s sentiment toward companies that recently went public.

Tuesday: Home Depot, Walmart

Home Depot

  • Q1 2022 earnings release at 6 a.m. ET; conference call at 9 a.m. ET
  • Projected EPS: $3.69
  • Projected revenue: $36.7 billion

Walmart

  • Q1 2023 earnings release at 7 a.m. ET; conference call at 8 a.m. ET
  • Projected EPS: $1.48
  • Projected revenue: $138.84 billion

Wednesday: Lowe’s, Target, Cisco

Lowe’s 

  • Q1 2022 earnings release at 6 a.m. ET; conference call at 9 a.m. ET
  • Projected EPS: $3.22
  • Projected revenue: $23.77 billion

Target 

  • Q1 2022 earnings release before the bell; conference call at 8 a.m. ET
  • Projected EPS: $3.07
  • Projected revenue: $24.46 billion

“[The market’s] so beat up that all of them might work here. I see these retail stocks as barometers of the consumer,” Cramer said of Home Depot, Walmart, Lowe’s and Target.

Cisco

  • Q3 2022 earnings release at 4:05 p.m. ET; conference call at 4:30 p.m. ET
  • Projected EPS: 86 cents
  • Projected revenue: $13.34 billion

In order for this one to work, the company needs to speed up its shift from hardware to software, or else the stock is going to get clobbered,” Cramer said.

Thursday: Kohl’s, Palo Alto Networks

Kohl’s 

  • Q1 2022 earnings release at 7 a.m. ET; conference call at 9 a.m. ET
  • Projected EPS: 71 cents
  • Projected revenue: $3.68 billion

“I think this could be a three-down, ten-up situation because the stock’s fallen so far from its highs,” Cramer said. “I like those odds.”

Palo Alto Networks 

  • Q3 2022 earnings release after the close; conference call at 4:30 p.m. ET
  • Projected EPS: $1.68
  • Projected revenue: $1.36 billion

Cramer said he thinks the company could be “the single best story of the week.”

Friday: Deere

  • Q2 2022 earnings release before the bell; conference call at 10 a.m. ET
  • Projected EPS: $6.69
  • Projected revenue: $13.23 billion

Deere stock “tends to react poorly to the headlines and then rebound at the end of the conference call,” Cramer noted. “Patience is a virtue.”

Disclosure: Cramer’s Charitable Trust owns shares of Cisco and Walmart.



Source

A rare platinum Rolex is heading to auction and could fetch .7 million
Business

A rare platinum Rolex is heading to auction and could fetch $1.7 million

A rare 1999 platinum Rolex Daytona featuring a mother-of-pearl dial with diamond hour markers — one of only four known to exist. Courtesy of Sotheby’s A legendary timepiece is about to step into the spotlight. A 1999 platinum Rolex Daytona is heading to auction on Sunday at Sotheby’s Geneva, and could sell for up to […]

Read More
Newark air traffic controllers lost contact with planes again in overnight outage
Business

Newark air traffic controllers lost contact with planes again in overnight outage

A man stands outside Terminal C with the airport control tower in the background at Newark Liberty International Airport, on May 6, 2025 in Newark, New Jersey. Andres Kudacki | Getty Images Air traffic controllers who guide planes in and out of Newark Liberty International Airport lost radar and communication with aircraft before dawn on […]

Read More
ESPN will call its forthcoming flagship streaming app simply ‘ESPN,’ sources say
Business

ESPN will call its forthcoming flagship streaming app simply ‘ESPN,’ sources say

A general view of the ESPN logo on a camera at Simmons Bank Liberty Stadium in Memphis, Tennessee, on April 6, 2024. Wes Hale | UFL | Getty Images At long last, ESPN has chosen a name for its upcoming all-access streaming service. Ready? It’s “ESPN.” Disney’s sports media division will announce the new — […]

Read More