CNBC’s Jim Kramer said on Friday that sustaining the current market is a game of waiting for a rally – and investors need to be prepared when that happens.
“Your portfolio needs to be split between a little money and some stocks that can thrive in a recession. “You have to accept the fact that we’re just trying to stay in the game until the weather gets better,” said the Mad Money presenter.
“But when we reach the promised land, it will be worth it, because then the stocks come back,” he added.
The market ended the turbulent trading week on Friday. As the market rose on Wednesday afternoon after the Federal Reserve’s decision to raise interest rates by 50 basis points, losses on Thursday and Friday ruined those gains. The base point is 0.01%.
Kramer said he would monitor the publication of the consumer price index in April next week. “If we get a lower CPI, the market could rise,” he said.
He also reviewed the list of winnings for next week. All earnings and revenue forecasts are courtesy of FactSet.
Monday: Tyson Foods, BioNTech
Tyson is eating
- Publication of revenues for Q2 2022 before the bell; conference call at 9 a.m. ET
- Estimated earnings per share: $ 1.89
- Estimated revenue: $ 12.84 billion
Kramer said he was hoping for news that food prices were falling.
BioNTech
- Publication of revenues for Q1 2022 before the bell; conference call at 8 a.m. ET
- Estimated earnings per share: $ 9.65
- Estimated revenue: $ 4.57 billion
Understanding any development of China’s Covid-19 vaccination plans would be helpful, Kramer said.
Tuesday: Peloton, Roblox, RealReal
Peloton
- Publication of profits for Q3 2022 before the bell; conference call at 8:30 a.m. ET
- Estimated loss: 84 cents per share
- Estimated revenue: $ 969 million
“I bet we’ll end up seeing a TV series like Peloton’s WeCrashed – if not The Dropout – and I’m wondering who’s going to write the script first,” The Mad Money presenter said. television dramas describing scandals in WeWork and Theranos, respectively.
Roblox
- Publication of earnings for Q1 2022 after closing; conference call on Wednesday at 8:30 a.m. ET
- Estimated loss: 23 cents per share
- Expected sales: $ 659 million
“Fantastic company, bad stocks … We keep everything in the penalty area [metaverse] belong right now, “Kramer said.
RealReal
- Publication of earnings for Q1 2022 after closing; conference call at 17:00 ET
- Estimated loss: 54 cents per share
- Estimated revenue: $ 136 million
Kramer said he did not understand why stocks were falling.
Wednesday: Wendy, Rivian
of Wendy
- Q1 2022 before the bell; conference call at 8:30 a.m. ET
- Estimated earnings per share: 18 cents
- Estimated revenue: $ 497 million
Kramer said he was interested to hear if the company had problems with staff in its restaurants like others in the industry.
Rivian
- Publication of earnings for Q1 2022 after closing; conference call at 17:00 ET
- Estimated loss: $ 1.41 per share
- Estimated revenue: $ 133 million
Kramer said he wanted to know if Rivian would allow Ford to sell its stake in the electric vehicle maker.
Thursday: Toast, Poshmark
Toast
- Publication of earnings for Q1 2022 after closing; conference call at 17:00 ET
- Estimated loss: 13 cents per share
- Estimated revenue: $ 487 million
Kramer said it was “anti-toast” because there were too many players in the space to manage the restaurant’s outlets.
Poshmark
- Publication of earnings for Q1 2022 after closing; conference call at 16:45 ET
- Estimated loss: 25 cents per share
- Estimated revenue: $ 87.6 million
Kramer said he would join in to hear about the company, which he said hurt investors who bought its shares.
Disclosure: Cramer’s Charitable Trust owns shares in Ford.
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