CNBC's Jim Cramer, which marks the end of earnings season, said Friday the list of key company reports for the past few weeks was "far better than expected."
The results showed, he said, that investors have a range of investment opportunities aside from any speculative trading that has puzzled Wall Street professionals lately.
The comments come after major US averages rose in Friday's session, posting weeks of profits that drove the market to new highs. The Dow Jones Industrial Average rose 1% this week to close at 3,458.40. The S&P 500 rose 1.23% to 3,934.83. The tech-heavy Nasdaq Composite won the bot, rising 1.7% to 14,095.47.
After the close of trading, Cramer said market activity had become less volatile after several weeks of high volume trading.
"I like normal because if we are not careful, a large part of this market could be directed down the highway into the danger zone," said the host of "Mad Money". "A day with less foam, like today, is a day the rally feels more sustainable. But when the cannabis cohort and the shortbusters and the incredible pumping and dumping I see on the internet come back, you know I do know I'll have to get more negative. "
Cramer announced his schedule for the coming week. The forecasts for earnings per share are based on FactSet estimates:
Tuesday: CVS Health, Zoetis, Ring Central, and Occidental
Q4 publication of results: before the market; Conference call: 8:45 am Projected earnings per share: $ 1.24 Projected revenue: $ 68.73 billion
"CVS was challenged by Amazon as a drugstore and challenged by a variety of competitors on the health insurance side," said Cramer. "If [CEO Karen] Lynch can up the numbers and back up some solid traffic forecast … I could see the stock finally getting the traction it deserves."
Q4 publication of results: before the market; Conference call: 8:30 am Projected EPS: 86 cents Projected Revenue: $ 1.74 billion
"I think you will see another round of gains in humanizing animal populations," he said.
Q4 release of results: after the market; Conference call: 5:00 p.m. Projected EPS: 27 cents Projected Revenue: $ 318 million
"RingCentral makes call center software, but it also has a video conferencing platform that competes with Zoom and is growing well," said the host. "The company is aggressive and growing fast."
Q4 release of results: after the market; Conference call: Wednesday at 11 a.m. Projected Loss Per Share: 58 cents Projected Revenue: $ 4.32 billion
"Many predict the long oil bear market is over. I'm not so sure – too much supply – but if you believe it, nobody is more optimistic about oil than Vicki Holub, CEO of Occidental," he said .
Wednesday: Shopify, Twilio, Fastly, Pioneer Natural Resources, and Boston Beer Earn
Earnings release for the third quarter of 2021: 6 a.m. Conference call: 8:30 am Projected earnings per share: $ 1.26 Projected revenue: $ 913 million
Q4 release of results: after the market; Conference call: 5:00 p.m. Projected Loss Per Share: 8 cents Projected Revenue: $ 455 million
"I bet two of them make great, amazing quarters," said Cramer.
Q4 release of results: after the market; Conference call: 5:00 p.m. Projected Loss Per Share: 11 cents Projected Revenue: $ 82 million
"They rebuilt their credibility after a huge deficit in October," he said. "I think the problems are behind it."
Natural resource pioneer
Q4 release of results: after the market; Conference call: Thursday, 9:00 am Projected EPS: 70 cents Projected Revenue: $ 1.89 billion
"I don't recommend many oil companies these days, but if you put a gun to my head to make me vote, I would say, 'Would you please put the gun down and just buy Pioneer," said the host.
Publication of results for the fourth quarter: 4:15 pm; Conference call: 5:00 p.m. Projected EPS: $ 2.63 Projected Revenue: $ 453M
"If another company gets into this tough seltzer business, is it too much for them?" he said. "I bet you can still get a good quarter here, but don't be welcome any longer if you're being shot at with guns like these guys. The field just keeps getting full."
Thursday: Walmart, Barrick Gold, Applied Materials, Roku, The Trade Desk
Earnings release for the fourth quarter of 2021: 7 a.m. Conference call: 8:00 am Projected EPS: $ 1.51 Projected Revenue: $ 148.26 billion
"I want to hear about initiatives and benchmarks that show us Walmart is still hungry," said Cramer.
Q4 results to be published: 6 am; Conference call: 11:00 am Projected earnings per share: 31 cents Projected revenue: $ 3.25 billion
"I know CEO Dr. Mark Bristow will give you a glimpse into the only real growth and income game in the industry that I trust," he said. "It's a pre-quarter buy if you like gold."
Earnings release for the first quarter of 2021: 4:01 pm; Conference call: 4:30 p.m. Projected earnings per share: $ 1.28 Projected revenue: $ 4.97 billion
"The stock has rallied like crazy on the [chip] shortage, but I think things are good enough to keep rising, especially as the Biden White House seems to be realizing the extent of the problem," the host said.
Q4 release of results: after the market; Conference call: 5:00 pm Projected Loss Per Share: 6 cents Projected Revenue: $ 615 million
Q4 release of results: after the market; Conference call: 5:00 p.m. Projected EPS: $ 1.88 Projected Revenue: $ 292M
"These companies are wire-cutting kingpins designed for the new world of wire-free watching and advertising. Everyone keeps wondering when their profits will stop," he said. "I wonder why anyone would expect them to stop when it took decades for traditional radio television to be superseded."
Friday: Deere and Magna revenue
Release of results Q1 2021: before the market; Conference call: 10 a.m. Projected earnings per share: $ 2.12 Projected revenue: $ 7.14 billion
"I bet Deere is telling a story about higher commodity prices with their order books full of tractors," said Cramer.
Q4 publication of results: before the market; Conference call: 8:00 am Projected earnings per share: $ 2.58 Projected revenue: $ 13.03 billion
"We have a glowing auto market, they are the best assemblers, and these people also build cars for great electric vehicle players like Fisker," he said.
Disclosure: Cramer's charitable foundation owns interests in CVS Health and Walmart.
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