‘Odd time’ for markets however earnings matter once more

CNBCs Jim Cramer on Friday outlined his game plan for next week after Wall Street completed its first five trading sessions in 2022.

the “Bad money” The host said it was “a bit of an odd time” for the markets right now, “almost like many stocks have to take their medication and then get back on track.”

“This week we’ve seen the unprofitable technicians take a blow that then spread to the more mature, profitable ones,” said Cramer. However, he added, “It’s much easier to buy the stock of an established company that actually makes money.

Here’s what Cramer is keeping an eye on next week. All sales and profit estimates are from FactSet.

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Jim Cramer’s schedule for January 10th trading week.

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Monday: JPMorgan Health Care Conference and Tilray Results

JPMorgan Health Conference

Now in its 40th year, the JPMorgan Health Care Conference is an extremely influential event, Cramer said, explaining that the company presentations made there are known to move stocks. The virtual conference starts Monday and lasts until Thursday.

Tilray

  • Q2 2022 result before the bell; Conference call at 8:30 a.m. ET Monday
  • Projected loss: loss of 7 cents per share
  • Expected sales: $ 200 million

Tuesday: Albertsons Profits and Dell Technologies Investor Meetings

Albertsons

  • Results for the third quarter of 2021 before the opening; Conference call at 8:30 a.m. Tuesday
  • Projected earnings per share: 61 cents
  • Projected sales: $ 16.34 billion

While Albertsons stocks have rebounded from their recent highs, Cramer believes the grocery chain stock has more headroom. He suggested that investors interested in owning the stock buy it on the Monday before the Tuesday quarterly release.

Dell Technologies

  • Virtual Fireside Chat on Tuesday at 3:30 p.m. ET

Chairman and CEO Michael Dell will speak at Bank of America’s View from the Top CEO Series, and Cramer said he would be interested in hearing the executive’s outlook following Dell’s spin-off from. has completed VMWare. Cramer said he personally believes the future is bright and advises investors to buy stocks before and after Tuesday’s scheduled presentation.

Wednesday: KB Home win

KB home page

  • Results for the fourth quarter of 2021 after close of trading; Conference call at 5 p.m. ET Wednesday
  • Projected earnings per share: $ 1.77
  • Expected sales: $ 1.71 billion

Investors are carefully watching the impact of higher interest rates on mortgage rates and thus on home demand, Cramer said. He said he believed KB Home shares could rise if announced on Wednesday as he expects strong results.

Thursday: Delta Air Lines wins

Delta Airlines

  • Fourth Quarter 2021 Earnings Before the Bell; Conference call at 10 a.m. ET Thursday
  • Projected earnings per share: 13 cents
  • Expected sales: $ 8.86 billion

Cramer said investors will focus less on how Delta’s business has gone and more on how the company expects it to be in the wake of the Covid pandemic.

“Do you think business travelers will come back? Can they man their planes? Are prices getting higher?” Cramer asked rhetorically. “While I like Disney for my charitable trust and think so American Express can continue, I’m skeptical of how far Deltas stocks can go in this environment. “

Friday: Income from Wells Fargo, JPMorgan, BlackRock and Citigroup

Wells Fargo

  • Fourth Quarter 2021 Earnings Before the Bell; Conference call at 10 a.m. ET Friday
  • Projected earnings per share: $ 1.10
  • Expected sales: $ 18.67 billion

Cramer, whose charity foundation has a sizable position in Wells Fargo, said he believes the bank will be strong in 2022. However, he admitted that the stock has got off to a hot start and is up about 14% year-to-date. He said it was not clear the pace could continue, but future pullbacks could offer buying opportunities.

JPMorgan

  • Fourth Quarter 2021 Earnings Before Opening; Conference call at 8:30 a.m. ET Friday
  • Projected earnings per share: $ 3.00
  • Expected sales: $ 29.85 billion

CEO Jamie Dimon “tends to be very optimistic but also mixes a few Molotovs along with his otherwise easily-discounted economic cocktails,” said Cramer.

BlackRock

  • Fourth Quarter 2021 Earnings Before the Bell; Conference call at 8:30 a.m. ET Friday
  • Projected earnings per share: $ 10.10
  • Expected sales: $ 5.12 billion

Cramer anticipates a strong quarter and looks forward to receiving insights into the company, the market and the economy from BlackRock CEO Larry Fink.

City group

  • Fourth Quarter 2021 Earnings Before Opening; Conference call at 11 a.m. ET Friday
  • Projected earnings per share: $ 1.55
  • Expected sales: $ 16.92 billion

Cramer said he is waiting to see if CEO Jane Fraser can make a comment bullish enough to move Citigroup stock up and allow it to catch up with some of its competitors. He also said he was looking for more information about Citi. December paused its share buyback program.

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Disclosure: Cramer’s charitable trust owns shares in Wells Fargo and Disney.