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Wall Street’s recent gains could continue into next week depending on the Federal Reserve’s actions, CNBC’s Jim Cramer reported Friday.
“A decision not to raise rates could show too much weakness. A quarter-point would allow the bulls to feast on the fact that they would be cautious,” he said.
The Fed is set to wrap up its first meeting of the year on Wednesday, which Wall Street largely expects will lead to a quarter-percentage-point interest rate hike.
Cramer said he will also keep an eye on the January nonfarm payrolls report due out on Friday. “If wage inflation is very strong, a quarter-point move will be criticized. If it’s weak, we’ll be asking about that hard landing,” he said.
All estimates for revenue, earnings and economic data courtesy of FactSet.
Monday: Whirlpool
- Q4 2022 earnings release at 4:05 PM ET; Tuesday’s conference call at 8 a.m. ET
- Projected EPS: $3.23
- Projected revenue: $5.08 billion
He predicted the company will report on supply chain headwinds and more frugal consumers on its conference call.
Tuesday: Caterpillar, Pfizer, Advanced Micro Devices
- Q4 2022 earnings release at 6:30 a.m. ET; Conference call at 8:30 a.m. ET
- Projected EPS: $4.02
- projected revenue; $15.82 billion
The company will report a solid quarter, he said.
- Q4 2022 earnings release at 6:45 a.m. ET; Conference call at 10 a.m. ET
- Projected EPS: $1.05
- Projected revenue: $24.44 billion
Despite what Wall Street may believe, the company has more than just steady income from its Covid vaccine, Cramer said.
- Q4 2022 earnings release at 4:15 pm ET; Conference call at 5 p.m. ET
- Projected EPS: 67 cents
- Projected revenue: $5.51 billion
“AMD’s got a great portfolio now, and they’re gaining market share,” he said.
Wednesday: Meta platforms
- Q4 2022 earnings release at 4:05 PM ET; Conference call at 5 p.m. ET
- Projected EPS: $2.26
- Projected revenue: $31.54 billion
“All I know is that there was a real flow of stock, and we own it to the trust, and we’re not knocking this off the table. Not here,” Cramer said.
Thursday: Ford Motor, Apple, Amazon, Alphabet
- Q4 2022 earnings release at 4:05 PM ET; Conference call at 5 p.m. ET
- Projected EPS: 62 cents
- Projected revenue: $41.39 billion
He said he was not worried about it Price reduction Demand for Ford’s electric vehicles will suffer from Tesla.
- Q1 21023 Earnings Release at 4:30 PM ET; Conference call at 5 p.m. ET
- Projected EPS: $1.94
- Projected revenue: $121.81 billion
According to Kramer, investors should own the iPhone maker’s stock.
- Q4 2022 earnings release at 4:01 PM ET; Conference call at 5:30 PM ET
- Projected EPS: 17 cents
- Projected revenue: $145.64 billion
He predicted that Amazon’s stock would rise if the company laid off 100,000 employees.
- Q4 2022 earnings release at 4pm ET; Conference call at 4:30 PM ET
- Projected EPS: $1.18
- Projected revenue: $76.17 billion
Alphabet also had to cut its workforce, Cramer said.
Friday: Regeneron Pharmaceuticals
- Q4 2022 earnings release at 6:30 a.m. ET; Conference call at 8:30 a.m. ET
- Projected EPS: $10.1
- Projected revenue: $3.14 billion
He said he would like the share.
denial; Cramer’s Charitable Trust owns shares of Apple, Amazon, Advanced Micro Devices, Caterpillar, Ford and Meta.
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