CNBC’s Jim Cramer said Friday that Wall Street’s recent rally could continue next week, depending on the actions of the Federal Reserve.
“The decision not to raise interest rates at all may show too much weakness. A quarter point with a statement that they will remain vigilant allows the bulls to party. I will,” he said.
Central banks were set to end their first meeting of the year on Wednesday, and Wall Street had expected to begin raising rates, mostly by a quarter percent.
Cramer said he will also be keeping an eye on the January nonfarm payrolls report due out on Friday. “If wage inflation is very strong, the 1/4 point move will be criticized. If it is weak, we will hear of a hard landing,” he said.
All estimates of earnings, returns and economic data courtesy of FactSet.
Monday: Whirlpool
- The fourth quarter 2022 earnings call is scheduled for 4:05 p.m. ET.Conference Call Tuesday at 8:00 AM ET
- Projected EPS: $3.23
- Projected revenue: $5.08 billion
He predicted the company would report on a conference call that headwinds in its supply chain have eased and consumers are becoming more frugal.
Tuesday: Caterpillar, Pfizer, Advanced Micro Devices
caterpillar
- The fourth quarter 2022 earnings call is scheduled for 6:30 a.m. ET.Conference Call at 8:30 AM ET
- Projected EPS: $4.02
- Projected revenue; $15.82 billion
He said the company is likely to report a strong quarter.
Pfizer
- The fourth quarter 2022 earnings call is scheduled for 6:45 a.m. ET.Conference Call at 10:00 AM ET
- Projected EPS: $1.05
- Projected revenue: $24.44 billion
Despite what Wall Street believes, there is more than unsustainable revenue from Covid vaccines, Cramer said.
Advanced Micro Devices
- The fourth quarter 2022 earnings call is scheduled for 4:15 p.m. ET.Conference Call at 5:00 PM ET
- Projected EPS: 67 cents
- Projected revenue: $5.51 billion
“AMD has a great portfolio now and continues to gain market share,” he said.
Wednesday: meta platform
- The fourth quarter 2022 earnings call is scheduled for 4:05 p.m. ET.Conference Call at 5:00 PM ET
- Projected EPS: $2.26
- Projected revenue: $31.54 billion
“All I know is that the stock has actually gone up. rice field.
Thursday: Ford Motor, Apple, Amazon, Alphabet
ford
- The fourth quarter 2022 earnings call is scheduled for 4:05 p.m. ET.Conference Call at 5:00 PM ET
- Projected EPS: 62 cents
- Projected revenue: $41.39 billion
he said he wasn’t worried about it price cut Demand from Tesla will impact demand for Ford’s electric vehicles.
apple
- The first quarter 21023 earnings call is scheduled for 4:30 p.m. ET.Conference Call at 5:00 PM ET
- Projected EPS: $1.94
- Projected revenue: $121.81 billion
According to Cramer, investors should hold stock in iPhone makers.
Amazon
- The fourth quarter 2022 earnings call is scheduled for 4:01 p.m. ET.Conference Call at 5:30 PM ET
- Projected EPS: 17 cents
- Projected revenue: $145.64 billion
He predicted that Amazon’s stock would skyrocket if it laid off 100,000 employees.
alphabet
- The fourth quarter 2022 earnings call is scheduled for 4:00 p.m. ET.Conference Call at 4:30 PM ET
- Projected EPS: $1.18
- Projected revenue: $76.17 billion
Cramer said Alphabet also needs to reduce its workforce.
Friday: regeneron pharmaceutical
- The fourth quarter 2022 earnings call is scheduled for 6:30 a.m. ET.Conference Call at 8:30 AM ET
- Projected EPS: $10.1
- Projected revenue: $3.14 billion
He said he likes stocks.
Disclaimer; Cramer’s Charitable Trust owns shares of Apple, Amazon, Advanced Micro Devices, Caterpillar, Ford and Meta.
