Jim Kramer of CNBC on Thursday previewed what investors should be on their radar to prepare for next week’s earnings slate and the turbulent market ahead.
The “Mad Money” host says the Bond, Russia’s invasion of Ukraine, and the Covid Lockdown in China are “stories that are crucial to the treasury once again running roughshod over everything.”
Kramer also saw a preview of next week’s earnings roster. All earnings and revenue estimates are courtesy of FactSet.
Monday: Bank of America
- Q1 2022 Earnings Release at 6:45 am ET; Conference call 8:30 am ET
- Projected EPS: 75 cents
- Expected Revenue: 23.13 billion
“We’re starting to see this behemoth assert itself as the number one bank in the world. I’m betting it won’t disappoint,” Kramer said.
Tuesday: Halliburton, Johnson & Johnson, Travelers, Prologues, Netflix
Halliburton
- Q1 2022 Revealed hours before earnings; Conference call at 9 am
- Launched EPS: 34 cents
- Expected revenue: 4.2 billion
Kramer says Halliburton is a great company, noting that it is becoming one of the largest positions of charitable trust.
Johnson & Johnson
- Q1 2022 Earnings Release at 6:45 am ET; Conference call 8:30 am ET
- Projected EPS: $ 2.59
- Expected Revenue: 23.64 billion
Kramer had nothing to say about Johnson & Johnson, only that it was “busy breaking itself down to make more value.”
Traveler
- Q1 2022 Revealed hours before earnings; Conference call at 9 am
- Projected EPS: $ 3.61
- Expected Revenue: $ 8.03 billion
Travelers are “boring but really good,” Kramer said.
Prologues
- Q1 2022 income disclosure tbd; Conference call at 12 pm ET
- Projected EPS: $ 1.07
- Expected Revenue: 1.09 billion
Kramer said that prologues are “a cacophony of greatness worthy of your trust.”
IBM
- Q1 2022 disclosed after closing income; Conference call at 5 p.m.
- Projected EPS: $ 1.39
- Expected Revenue: 13.78 billion
“[CEO Arvind Krishna] Slowly growing business spins off, fast ones keep up. After IBM closes, there should be a time to shine when reporting, ”Kramer said.
Netflix
- Q1 2022 Earnings Release at 4 pm ET; Conference call 6 pm ET
- Projected EPS: $ 2.92
- Expected Revenue: 7.94 billion
According to Kramer, the company’s customers need to charge more and it is not as bold as before.
Wednesday: Procter & Gamble, Tesla, United Airlines
Proctor and gambling
- Q3 2022 earnings release at 7 am ET; Conference call 8:30 am ET
- Projected EPS: $ 1.30
- Expected Revenue: 18.70 billion
Kramer said he was “inclined” to make the company the largest position in his charitable trust as prices fell.
Tesla
- Q1 2022 disclosed after closing income; Conference call 5:30 pm ET
- Projected EPS: $ 2.26
- Expected Revenue: 17.60 billion
Cramer’s bet that CEO Elon Musk will impress investors with a conference call.
United Airlines
- Q1 2022 disclosed after closing income; Thursday conference call 10:30 am ET
- Estimated loss: ক্ষতি 4.22 loss per share
- Expected Revenue: 7.67 billion
Kramer says if the company reports a huge number of bookings this week, like Delta Air Lines, it will show that the travel industry is doing well.
Thursday: AT&T, Freeport-McMoRan
AT&T
- Q1 2022 Revealed hours before earnings; Conference call 8:30 am ET
- Transmitted EPS: 60 cents
- Expected revenue: $ 38.24 billion
“I’m not a big believer in it,” Kramer said.
Freeport-McMoran
- Q1 2022 Revealed hours before earnings; Conference call at 10 am
- Projected EPS: 90 cents
- Expected Revenue: $ 6.32 billion
“Copper is a terrible proxy for the Chinese economy, and Freeport will tell us where copper is going.” Dr. Kramer.
Friday: American Express, Schlumberger
American Express
- Q1 2022 earnings release at 7 am ET; Conference call 8:30 am ET
- Projected EPS: $ 2.39
- Expected Revenue: 11.61 billion
Kramer said he believes Delta is “screaming and buying” in light of the bullish outlook on American Express travel.
Schlumberger
- Q1 2022 earnings release at 7 am ET; Conference call 9:30 am ET
- Launched EPS: 33 cents
- Expected Revenue: 5.92 billion
“Will the Russians one day lose their oil production? I bet Schlumberger will be able to figure out what will happen if they stop drilling.” Dr. Kramer.
Disclosure: Kramers Charitable Trust owns shares of Hollyburton, Procter & Gamble and Wells Fargo.