Cramer’s week ahead: Big week of earnings with Snowflake and Toll Brothers reporting

CNBC’s Jim Cramer is alive to to start focusing aid on the stock market, nevertheless the cryptocurrency craze is composed shooting Wall Street’s consideration.

He expects that bitcoin and other speculative cash will continue to be high of mind, and the substantial declines being witnessed in crypto markets will inch on shares. This would maybe maybe fabricate procuring alternatives for merchants in shares as one other packed week of earnings rolls by.

“All in all, right here’s a historically leisurely week, nevertheless there are sufficient unusual corporations reporting that it be now jam-packed,” Cramer, discussing his sport belief for subsequent week, acknowledged on “Infected Cash” Friday.

The week ahead will end out trading for the month. Moreover for the Dow Jones Industrial Sensible, basically the most indispensable U.S. indexes are down month to this point. The tech-heavy Nasdaq Composite is down 3.5% in Could well, whereas the S&P 500 has misplaced 0.6% over that length of time. The Dow is up about 1% in Could well.

Cramer gave viewers a preview of the upcoming corporate earnings reports he has circled on his calendar.

“Maybe, genuine perchance, that can overshadow bitcoin, as lengthy as Elon Musk can shield his mouth shut about crypto,” he acknowledged.

Projections for earnings and earnings per fragment are in accordance with FactSet estimates:

Monday: Lordstown Motors earnings

Lordstown Motors

  • Q1 2021 earnings free up: after market; convention call: 4: 30 p.m.
  • Projected losses per fragment: 28 cents
  • Projected earnings: $0

“Correct now, this market despises all the pre-earnings SPAC plays on fable of they burned other folks so badly over the outdated few months,” Cramer acknowledged. “Lordstown’s stock’s down roughly 70% from its highs. I build no longer know how they’ll derive their mojo aid, nevertheless, you know, perchance they’re going to surprise me.”

Tuesday: Autozone, Intuit, Toll Brothers earnings

Autozone

  • Fiscal Q3 2021 earnings free up: earlier than market; convention call: 10 a.m.
  • Projected EPS: $20.13
  • Projected earnings: $3.27 billion

“Right here is a truly legitimate firm, so that it is doubtless you’ll maybe maybe derive within the zone each earlier than and after earnings,” Cramer acknowledged.

Intuit

  • Fiscal Q3 2021 earnings free up: after market; convention call: 4: 30 p.m.
  • Projected EPS: $6.51
  • Projected earnings: $4.42 billion

“Intuit’s stock hit an all-time high in the present day,” he acknowledged. “I build no longer sing that goes to deter investors.”

Toll Brothers

  • Fiscal Q2 2021 earnings free up: after market; convention call: Wednesday, 8: 30 a.m.
  • Projected EPS: 80 cents
  • Projected earnings: $1.78 billion

“If Toll tells a memoir of net orders and … expanding frightening margins, I accumulate the stock can derive its groove aid,” the host acknowledged. “However all the pieces needs to be perfect, including assurances from administration that trot and appliance charges are indeed below regulate.”

Wednesday: Dick’s Carrying Goods, American Eagle Outfitters, Williams-Sonoma, Nvidia, Snowflake, Okta, Workday earnings

Dick’s Carrying Goods

  • Q1 2021 earnings free up: earlier than market; convention call: Wednesday, 8: 30 a.m.
  • Projected EPS: $1.16
  • Projected earnings: $2.2 billion

“I wager they elevate high-quality numbers on fable of all forms of wearing items are briefly present as Americans mission start air en masse,” Cramer acknowledged.

American Eagle Outfitters

  • Q1 2021 earnings free up: 4: 15 p.m.; convention call: 4: 30 p.m.
  • Projected EPS: 46 cents
  • Projected earnings: $1.02 billion

“I accumulate we would possibly possibly maybe see the same strength from American Eagle, as it be currently the freshest attire chain on earth,” he acknowledged.

Williams-Sonoma

  • Q1 2021 earnings free up: after market; convention call: 5 p.m.
  • Projected EPS: $1.72
  • Projected earnings: $1.5 billion

“I anticipate immense numbers, nevertheless it be been tagged as a shield-at-home stock of gradual, which is the kiss of death in this post-pandemic market,” the host acknowledged.

Nvidia

  • Fiscal Q1 2022 earnings free up: after market; convention call: 5 p.m.
  • Projected EPS: $3.28
  • Projected earnings: $5.39 billion

“I accumulate the chipmaker has loads going for it, nevertheless I composed are looking to listen to how confident they feel about getting regulatory permission for the Arm Holdings acquisition,” he acknowledged.

Snowflake

  • Fiscal Q1 2022 earnings free up: after market; convention call: 5 p.m.
  • Projected losses per fragment: 16 cents
  • Projected earnings: $360 million

Okta

  • Fiscal Q1 2022 earnings free up: after market; convention call: 5 p.m.
  • Projected losses per fragment: 12 cents
  • Projected earnings: $309 million

“They’re two of the quickest-rising corporations on earth,” Cramer acknowledged. “I anticipate immense numbers from each, nevertheless you will comprise to composed only clutch them even as you suspect this market will alternate its attitude toward high-flying divulge names that build no longer trade on earnings — they trade on gross sales.”

Workday

  • Fiscal Q1 2022 earnings free up: after market; convention call: 4: 30 p.m.
  • Projected EPS: 73 cents
  • Projected earnings: $1.16 billion

“Workday can comprise to composed elevate composed but but any other gorgeous quarter as they use cloud-tool to automate aid-place of business jobs in human sources and finance,” he acknowledged.

Thursday: Easiest Retract, Dollar Overall, Dollar Tree, Medtronic, Hole, Ulta Beauty, Costco, Salesforce, Dell earnings

Easiest Retract

  • Fiscal Q1 earnings free up: 7 a.m.; convention call: 8 a.m.
  • Projected EPS: $1.36
  • Projected earnings: $10.32 billion

Dollar Overall

  • Fiscal Q1 earnings free up: TBD; convention call: 10 a.m.
  • Projected EPS: $2.13
  • Projected earnings: $8.16 billion

Dollar Tree

  • Q1 2021 earnings free up: TBD; convention call: 5 p.m.
  • Projected EPS: $1.40
  • Projected earnings: $6.4 billion

“I fancy any three and sing they’re genuine stimulus plays, nevertheless their shares comprise become awfully controversial and I build no longer in actuality fancy controversy,” Cramer acknowledged. “There are more uncomplicated ways to design cash.”

Medtronic

  • Fiscal Q4 2021 earnings free up: 6: 45 a.m.; convention call: 8 a.m.
  • Projected EPS: $1.42
  • Projected earnings: $8.14 billion

“I wager they document a stellar number on fable of its medical gadgets are being installed in document numbers post-pandemic,” he acknowledged. “There’s heaps of pent-up achieve a question to from other folks that delayed surgery until they’d maybe maybe derive vaccinated.”

Hole

  • Q1 earnings free up: 4: 15 p.m.; convention call: 5 p.m.
  • Projected losses per fragment: 6 cents
  • Projected earnings: $3.41 billion

“Hole is amazingly important aid, something it is doubtless you’ll maybe maybe teach even as you consult with their retail outlets: crisp, natty and moderately priced costs,” the host acknowledged.

Ulta Beauty

  • Q1 2021 earnings free up: after market; convention call: 4: 30 p.m.
  • Projected EPS: $1.95
  • Projected earnings: $1.65 billion

“Ulta’s a substantial winner once each person can clutch their masks off,” he acknowledged.

Costco

  • Fiscal Q3 2021 earnings free up: 4: 15 p.m.; convention call: 5 p.m.
  • Projected EPS: $2.31
  • Projected earnings: $43.64 billion

“Costco has a tendency to bustle up into the quarter and then promote off at once even supposing the numbers are immense. Doesn’t topic what they print,” Cramer acknowledged. “I bask in Costco the store, I bask in Costco the stock … nevertheless you build no longer are looking to grab it until after you see the outcomes — let this one come to you.”

Salesforce

  • Fiscal Q1 2022 earnings free up: after market; convention call: 5 p.m.
  • Projected EPS: 88 cents
  • Projected earnings: $5.89 billion

“Salesforce reported a barnburner final time and nobody regarded as if it will possibly maybe maybe care, perchance on fable of they composed need to end the Slack acquisition,” he acknowledged.

Dell

  • Q1 2022 earnings free up: 5: 30 p.m.; convention call: 5: 30 p.m.
  • Projected EPS: $1.71
  • Projected earnings: $23.80 billion

“It is doubtless you’ll maybe maybe clutch it sooner than time on fable of [CEO] Michael Dell’s going to teach an incredible epic,” the host acknowledged. “I wager they’re going to comprise a critical quarter.”

Friday: Tall Loads, Hibbett Sports actions earnings

Tall Loads

  • Fiscal Q1 2021 earnings free up: TBD; convention call: 8 a.m.
  • Projected EPS: $1.69
  • Projected earnings: $1.54 billion

Hibbett Sports actions

  • Q1 2022 earnings free up: after market; convention call: 5 p.m.
  • Projected EPS: $2.56
  • Projected earnings: $404 million

“I’m making a wager each will most certainly be terrific,” Cramer acknowledged.

Disclosure: Cramer’s charitable believe owns shares of Salesforce, Nvidia and Costco.

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