CNBC’s Jim Kramer called on investors to take advantage of the downturn on Friday to prepare portfolios for the upcoming Federal Reserve interest rate hike – but only if they have the funds.
“After today’s crash, we’re probably probably ready for one or two more strikes before we come to terms with what I think will be a weak rebound in the middle of the week,” he said.
“Once again, I want to advise you that you need to set aside some of the table in one of the rebounds to prepare you for the upcoming interest rate hikes. “You can invest a little money to work on days like today, but only if they have the money to start,” he added later.
The Dow Jones Industrial Average fell 2.8 percent on Friday, its biggest loss since October 2020, the S&P 500 fell 2.8 percent and the Nasdaq Composite fell 2.6 percent.
The host of “Mad Money” also reviewed the list of profits for next week.
All earnings and revenue forecasts are courtesy of FactSet.
Monday: Coca-Cola
- Publication of revenues for Q1 2022 before the bell; conference call at 8:30 a.m. ET
- Estimated earnings per share: 58 cents
- Estimated revenue: $ 9.83 billion
“I would be a buyer of weakness because Coca-Cola has tremendous price power,” Kramer said.
Tuesday: Microsoft, Alphabet, Chipotle
Microsoft
- Publication of earnings for Q3 2022 after closing; conference call at 5:30 p.m. ET
- Estimated earnings per share: $ 2.19
- Estimated revenue: $ 49.01 billion
“The company has to have a great number, but it may not matter because the shares are expensive,” Kramer said.
alphabet
- Publication of earnings for Q1 2022 after closing; conference call at 17:00 ET
- Estimated earnings per share: $ 25.70
- Estimated revenue: $ 68.07 billion
“People got involved [Alphabet] “Now that they think online advertising has stopped growing, I think they’re wrong because Google is a special case,” Kramer said.
Chipotle
- Publication of revenue for the first quarter of 2022 at 16:10 ET; conference call at 4:30 p.m. ET
- Estimated earnings per share: $ 5.64
- Estimated revenue: $ 2.01 billion
Kramer said the company is being sold in an environment where interest rates will rise.
Wednesday: Boeing, Meta
Boeing
- Publication of revenues for Q1 2022 before the bell; conference call at 10:30 a.m. ET
- Estimated loss: loss of 25 cents per share
- Estimated revenue: $ 16.02 billion
“We’re all used to Boeing being ugly and I expect uglier,” Kramer said.
The goal
- Publication of earnings for Q1 2022 after closing; conference call at 17:00 ET
- Estimated earnings per share: $ 2.56
- Estimated revenue: $ 28.29 billion
Kramer said he believes the parent on Facebook will miss the quarter and lower his forecast. “I’m keeping some dust dry to buy for the charity,” he added.
Thursday: Twitter, Amazon, Apple
- Publication of revenues for Q1 2022 before the bell; conference call at 8 a.m. ET
- Estimated earnings per share: 5 cents
- Estimated revenue: $ 1.23 billion
Kramer said that if the social media company does not announce a new feature or initiative, Elon Musk “must go through a full corporate raider here and pursue Twitter by all means necessary.”
Amazon
- Publication of revenue for the first quarter of 2022 at 16:01 ET; conference call at 5:30 p.m. ET
- Expected earnings per share: $ 8.33
- Estimated revenue: $ 116.45 billion
“I don’t think Amazon is resisting any other retailer, but it’s still a large number of stocks, which means it may not be able to increase, even if the quarter is spectacular,” Kramer said.
Apple
- Publication of revenue for the second quarter of 2022 at 16:30 ET; conference call at 17:00 ET
- Estimated earnings per share: $ 1.43
- Estimated revenue: $ 94.11 billion
Kramer said it was difficult to expect any change from the iPhone maker, given Covid’s shutdown in China.
Friday: Chevron
- Publication of revenues for Q1 2022 before the bell; conference call at 11 a.m. ET
- Estimated earnings per share: $ 3.42
- Estimated revenue: $ 51.14 billion
“I would like to see Chevron’s shares withdraw so we can buy more [for the Charitable Trust] with an even higher dividend yield, “Kramer said.
Disclosure: Cramer’s Charitable Trust owns shares in Amazon, Apple, Boeing, Chevron, Meta and Microsoft.
Add Comment