Robust earnings might assist market overcome a traditionally robust interval

CNBCs Jim Cramer on Friday looked at the major market events of the next week after S&P 500 notched seventh consecutive day of winnings close with a record high of 4,697.53.

“We have to see if this rosy trend holds up until next week, a time that historically tends to produce some ugly sell-offs. … But if earnings stay strong, well, I think the stock market can stay strong. too, ”said Cramer.

Here’s what the “Bad money” Host will keep his eyes. All sales and earnings per share estimates are from FactSet.

Zoom In Icon Arrows pointing outwards

Jim Cramer’s schedule for November 8th trading week.

Crazy money with Jim Cramer

Monday: earnings from PayPal and AMC Entertainment; Events from AMD and Nvidia

PayPal

  • Q3 result after the bell; Conference call at 5 p.m. ET Monday
  • Projected earnings per share: $ 1.07
  • Expected sales: $ 6.23 billion

Cramer said owning PayPal for his charitable trust has so far been “a disaster” as the stock was recently crushed. “Dan Schulman, the CEO, has already warned us that this was going to be a tough quarter due to PayPal’s final split from eBay, but it’s already down more than 80 points, which seems excessive to me,” said Cramer.

AMC entertainment

  • Q3 results after close of trading; Conference call at 5 p.m. ET Monday
  • Projected earnings per share: loss of 53 cents
  • Expected revenue: $ 708 million

It’s hard to rate AMC now that it’s a meme stock with a very passionate group of retail investors who own it, Cramer said. “I bet CEO Adam Aron will do a great job on the call and individual investors will buy more so the stock will hold out because he knows how to give his shareholder base what it wants,” he said.

AMD

  • The data center accelerated premier on Monday at 11 a.m. ET

Cramer said he expected AMD CEO Lisa Su to tell a great story at Monday’s event. “I think AMD is well on its way to dwarfing Intel in market cap. … How the mighty have fallen,” he said.

Nvidia

  • The semiconductor company’s annual GPU technology conference Monday through Thursday

“Be prepared to be blinded,” said Cramer.

Tuesday: Wynn Resorts, Upstart Holdings, Coinbase and DoorDash

Wynn Resorts

  • Q3 results after the bell; Conference call at 4:30 p.m. ET Tuesday
  • Projected earnings per share: loss of $ 1.36
  • Expected revenue: $ 943 million

Cramer said he has been into Wynn Resorts for the long term and believes that “stock” will soar once business picks up in the Macau gaming hub. “Until then, pain,” he said.

Upstart stocks

  • Q3 results after close of trading; Conference call at 4:30 p.m. ET Tuesday
  • Projected earnings per share: 33 cents
  • Expected revenue: $ 214.9 million

The fintech company uses artificial intelligence to modernize the lending process.

Coin base

  • Q3 results after the bell; Conference call at 5:30 p.m. ET Tuesday
  • Projected earnings per share: $ 1.73
  • Expected sales: $ 1.57 billion

“The action in cryptocurrency has been pretty exciting lately, that should bring Coinbase higher even though it’s up. That means they have to let go of arrogance. You have to switch to chill mode, ”said Cramer.

by Dash

  • Q3 results after close of trading; Conference call at 5 p.m. ET Tuesday
  • Projected earnings per share: loss of 10 cents
  • Expected sales: $ 9.96 billion

The strength of Uber’s grocery delivery business in the third quarter could be a harbinger of strong results for DoorDash, Cramer said, suggesting the company “might blow the doors away.”

Wednesday: Wendy’s, Dutch Bros, Walt Disney Co. and Mastercard meeting

Wendys

  • Q3 results before the bell; Conference call at 8:30 a.m. ET Wednesday
  • Projected earnings per share: 18 cents
  • Expected revenue: $ 471 million

Cramer said he hopes Wendy’s, which he named his favorite fast food chain, can report numbers as good as McDonald’s latest results.

Dutch brothers

  • Q3 results after close of trading; Conference call at 5 p.m. ET Wednesday
  • Projected earnings per share: 6 cents
  • Expected revenue: $ 125.2 million

The Oregon-based chain has proven to be one of the hottest IPOs of the yearsaid Cramer. “This is a great regional to national growth story,” he said, but said he still had concerns about the stock’s valuation.

Walt disney co.

  • Q4 results; Conference call at 4:30 p.m. ET Wednesday
  • Projected earnings per share: 52 cents
  • Expected sales: $ 18.8 billion

Cramer said Disney’s report might be “rough”. He noted that some of his theme parks were underutilized and the movie list was “good, not great”. Meanwhile, its flagship streaming service Disney + also appears to be “slowing down,” he said.

MasterCard

  • The investor meeting begins Wednesday at 8:30 a.m. ET

While the company’s shares have collapsed recently, it’s important for Cramer to remember that Mastercard has benefited from consumer spending, and most importantly now, from the resumption of cross-border travel.

Thursday: tapestry and yeti

tapestry

  • Q1 2022 results before the bell; Conference call at 8 a.m. ET Thursday
  • Projected earnings per share: 70 cents
  • Expected sales: $ 1.44 billion

Cramer said any positive news from Coach and Kate Spade’s parent company should help push the stock to a new 52-week high of over $ 49.66 per share. The stock closed at $ 42.51 on Friday.

yeti

  • Q3 result before the opening; Conference call at 8 a.m. ET Thursday
  • Projected earnings per share: 60 cents
  • Expected revenue: $ 358 million

Cramer said he believes the company, known for its insulated mugs and coolers, is more than just a winner from the pandemic.

Friday: AstraZeneca and Warby Parker

AstraZeneca

  • Q3 result before the bell; Conference call at 7:45 a.m. ET Friday
  • Projected earnings per share: £ 92.54
  • Expected turnover: £ 7.04 billion

Of the companies that have developed Covid vaccines, Cramer believes there are “better fish to fry” than AstraZeneca.

Warby Parker

  • Q3 results before the Open; Conference call at 8 a.m. ET Friday
  • CNBC
  • Expected revenue: $ 133.1 million

Cramer said he was keen to learn more about Warby Parker in the eyewear maker’s first quarter results as a public company.

CORRECTION: This article has been updated to correct an incorrect comment that Wells Fargo recently discontinued fintech company Upstart. It has not.

Register here for the new CNBC Investing Club newsletter follows Jim CramerEvery move on the market, delivered right to your inbox.