Overvalued IPOs may tarnish a positive earnings season



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Verizon: The telecommunications company publishes its results before the bell.

"I'm expecting a good quarter of Verizon, which will be welcomed," Cramer said.

United Technologies: United Technologies, manufacturer of aircraft engines, HVAC systems and other products, announces its results before the market opens.

"I think that they will be doing well and that we are getting closer to this big bankruptcy of society: lifts … climate controls, then of course aerospace … and that will unlock a ton of value" , did he declare.

Coca-Cola: The soda giant will release its latest financial results before stocks start trading.

The maker of Coca-Cola "follows a perfect accelerated growth quarter of PepsiCo, so they are in a difficult position – too difficult for me," said Cramer.

Procter & Gamble: Kimberly-Clark's call for results will provide a quick overview of what might be expected in the Procter & Gamble report, which appears in the morning, Cramer said.

"If freight and plastic are under control for Kimberly, you can bet that they will also do it for P & G, which should propel this incredible stock even higher," he said. "If it falls, I would consider buying it."

Centene: Centene has a winning call before the bell. The report will inform investors of how the managed health care sector will be traded, Cramer said.

"I think Centene will report an impressive number, but health care is hated right now," he said. "If the stock can still go up, let's say it's good news for this awful group."

Texas Instruments: Texas Instruments is another revealing title for the semiconductor industry and presents the results after the bell.

"As for the semifinals, they require a constant temperature rise, Texas Instruments will tell us if the group is too hot or hopefully," he said.

Snap: Snapchat's parent is up more than 111% this year.

"I do not care about Snap after the close, except that his stock has doubled since the beginning of the year," Cramer said. "But given the enthusiasm sparked by Pinterest, we need to take a close look at the level of euphoria in this market to make sure things are not totally out of control."

eBay: The online marketplace group will release its quarterly earnings after the bell, which could include a strategic review of investor-activist Elliott Partners, Cramer said.

"I hope they will break the company to create value," he said.

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