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Cramer’s week forward: A tough week, a prelude to election day


Wall Street will face a deluge of market-moving occasions within the coming weeks.

With a jam-packed week of huge firms set to report and lawmakers nonetheless negotiating a extremely anticipated stimulus invoice, buyers could have a lot of data to digest because the presidential election and uncertainty related to it looms.

CNBC’s Jim Cramer on Friday suggested “Mad Money” viewers to be ready to purchase inventory on any Washington-induced pullbacks.

“It’s a tough week, a prelude to election day. Confusion lies ahead,” he stated. “I say proceed with caution, but if you like something, then do a little homework then wait for the inevitable swoon and buy it into weakness.”

Cramer introduced his market playbook for the week forward. All earnings projections are primarily based on FactSet estimates:

Monday: Otis Worldwide, NXP Semiconductors, Twilio earnings

Otis Worldwide

  • Q3 earnings launch: earlier than market; convention name: 10 a.m.
  • Projected EPS: 56 cents
  • Projected income: $3.21 billion

“Otis is levered more to Chinese elevator maintenance than American elevator construction,” Cramer stated. “That makes it a terrific Biden stock, because people now perceive Biden as being soft on China, which means the Communist Party will be less likely to mess with Otis’ sales than if Trump wins again.”

NXP Semiconductors

  • Q3 earnings launch: after market; convention name: Tuesday, 8 a.m.
  • Projected EPS: $1.54
  • Projected income: $2.24 billion

“If the stock reacts well, you can bank on a lot more upside for both the chipmakers and the automakers,” he stated.

Twilio

  • Q3 earnings launch: 4:05 p.m.; convention name: 5 p.m.
  • Projected losses per share: Four cents
  • Projected income: $407 million

“Twilio will help us determine if these high-fliers are ready to rebound, because few companies are more richly valued than this software company that helps app developers connect with their customers,” the host stated.

Tuesday: Pfizer, Merck, Eli Lilly, Caterpillar, Stanley Black & Decker, Microsoft, AMD earnings

Pfizer

  • Q3 earnings launch: 6:45 a.m.; convention name: 10 a.m.
  • Projected EPS: 69 cents
  • Projected income: $12.31 billion

“Perhaps more important, we’ll learn how Pfizer’s vaccine is coming. We heard the president say it was around the corner in last night’s debate,” Cramer stated.

Merck

  • Q3 earnings launch: 6:45 a.m.; convention name: 8 a.m.
  • Projected EPS: $1.44
  • Projected income: $12.21 billion

Eli Lilly

  • Q3 earnings launch: earlier than market; convention name: 9 a.m.
  • Projected EPS: $1.71
  • Projected income: $5.88 billion

“In many ways, I care more about the Covid therapeutics, though,” the host stated. “That’s what Merck and Lilly are working on. If we can get you in and out of the hospital fast with this horrible disease, while preventing long-term organ damage … that would be a gamechanger.”

Caterpillar

  • Q3 earnings launch: 6:30 a.m.; convention name: 8:30 a.m.
  • Projected EPS: $1.17
  • Projected income: $9.73 billion

“If you think the polls are right about a Biden victory, you might want to buy some CAT before the quarter and then some after, because the company would benefit from better relations with China,” he stated.

Stanley Black & Decker

  • Q3 earnings launch: earlier than market; convention name: 8 a.m.
  • Projected EPS: $2.69
  • Projected income: $3.99 billion

“I am confident that they will deliver good numbers,” he stated.

Microsoft

  • Q1 fiscal 2021 earnings launch: after market; convention name: 5:30 p.m.
  • Projected EPS: $1.54
  • Projected income: $35.76 billion

“The CEO of Microsoft, Satya Nadella, is a wizard. His only problem is that the company really has more business than it can handle,” Cramer stated.

AMD

  • Q3 earnings launch: after market; convention name: 5 p.m.
  • Projected EPS: 35 cents
  • Projected income: $2.56 billion

“When AMD reports, I bet you’ll actually get something terrific,” he stated.

Wednesday: United Parcel, Boeing, General Electric, Ford, ServiceNow, Etsy, Pinterest earnings

United Parcel

  • Q3 earnings launch: 6 a.m.; convention name: 8:30 a.m.
  • Projected EPS: $1.90
  • Projected income: $20.21 billion

“We already know that e-commerce is on fire. I expect great things from the new CEO, Carol Tome, formerly the CFO of Home Depot,” Cramer stated. “She’s a no-nonsense leader. I think she’ll give you a rigorous, positive look at the holiday season.”

Boeing

  • Q3 earnings launch: earlier than market; convention name: 10:30 a.m.
  • Projected losses per share: $2.30
  • Projected income: $14.Four billion

“I’ve been telling members of the ActionAlersPlus.com club that this is the quarter before the trough quarter for the bedraggled Boeing, which means it’s time to buy,” he stated. “You don’t buy a turnaround story at dawn. You buy it when it’s darkest before the dawn.”

General Electric

  • Q3 earnings launch: earlier than market; convention name: 8 a.m.
  • Projected losses per share: Four cents
  • Projected income: $18.73 billion

“GE has a wind business that’s doing real well … [and] a solid health care business. Not enough to intrigue, yet,” the host stated. “Could you please give GE three more months?”

Ford

  • Q3 earnings launch: 4:05 p.m.; convention name: 5 p.m.
  • Projected EPS: 20 cents
  • Projected income: $35.73 billion

“I bless buying Ford both before and after the quarter. We’ve got a raging bull market in autos and that includes the lucrative F-150,” he stated.

ServiceNow

  • Q3 earnings launch: after market; convention name: 5 p.m.
  • Projected EPS: $1.03
  • Projected income: $1.11 billion

“I expect a blowout from ServiceNow,” Cramer stated.

Etsy

  • Q3 earnings launch: after market; convention name: 6 p.m.
  • Projected EPS: 56 cents
  • Projected income: $412 million

“I like Etsy’s red-hot mask business,” Cramer stated.

Pinterest

  • Q3 earnings launch: after market; convention name: 4:30 p.m.
  • Projected EPS: Four cents
  • Projected income: $380 million

“Pinterest is going up along with Snap because their ads work,” he stated.

Thursday: Amazon, Apple, Alphabet, Facebook, Starbucks earnings

Amazon

  • Q3 earnings launch: 4:01 p.m.; convention name: 5:30 p.m.
  • Projected EPS: $7.38
  • Projected income: $92.63 billion

“After the pandemic hit, Amazon took over the world,” Cramer stated.

Apple

  • Q3 earnings launch: 4:30 p.m.; convention name: 5 p.m.
  • Projected EPS: 71 cents
  • Projected income: $63.98 billion

“Apple’s got their new 5G phone to crow about,” he stated.

Alphabet

  • Q3 earnings launch: after market; convention name: 4:30 p.m.
  • Projected EPS: $11.30
  • Projected income: $42.78 billion

“Alphabet will miss because it almost always misses,” the host stated. “At this point I blame Wall Street for getting the estimates wrong.”

Facebook

  • Q3 earnings launch: 4:05 p.m.; convention name: 6 p.m.
  • Projected EPS: $1.89
  • Projected income: $19.77 billion

“I expect huge numbers from Facebook,” he stated.

Starbucks

  • Q3 earnings launch: 4:05 p.m.; convention name: 5 p.m.
  • Projected EPS: 31 cents
  • Projected income: $6.06 billion

“As for Starbucks, it’s a work in progress. Probably gets hit,” Cramer stated. “I say be patient, it will snap right back if Biden wins the election because the future of Starbucks is in China and it’ll be easier for them to expand there if Beijing has a less antagonistic relationship with the White House.”

Friday: Chevron, Exxon Mobil earnings

Chevron

  • Q3 earnings launch: 6:45 a.m.; convention name: 11 a.m.
  • Projected losses per share: 23
  • Projected income: $25.91 billion

“CEO Mike Wirth is so confident about his situation that I bet he talks about helping the environment,” Cramer stated.

Exxon Mobil

  • Projected losses per share: 25 cents
  • Projected income: $45.38 billion

“Exxon better have something up its sleeve that lets them protect the dividend, which currently gives you a 10% yield,” he stated.

Disclosure: Cramer’s charitable belief owns shares of Alphabet, Apple, Facebook, Amazon, Boeing, Starbucks, United Parcel, AMD and Microsoft.

Disclaimer

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