What to expect with earnings, job report on Friday

Jim Cramer, of CNBC, said many companies have announced profits over the past week, but the busiest week in terms of reporting is yet to come.

News that the national economy grew 3.2% in the first three months of 2019, faster than expected by 2.5%, helped drive the Dow Jones Industrial Average and Nasdaq Composite forward. more than 0.30% and the S & P 500 North 0.47%, he said.

"But make no mistake – we are at the heart of the earnings season and that is what really drives the action," said the animator of "Mad Money."

Other results are expected next week, including the employment report for the month of April.

Here's what Cramer will be looking at next week:

Disney: While Disney is not expected to announce its quarterly earnings until the next week, the ticketing numbers for "Avengers: Endgame" will appear on Monday. Cramer said that he had never seen such a long-awaited sequel nor such an increase in stock, while the conglomerate of shows was heading toward a potential opening of $ 1 billion on weekends. end.

"The race was breathtaking, and I bet Disney can continue to climb if" Endgame "beats the billion dollar mark," he said. "Otherwise, yes, let's accept the fact that after this race could be ripe for a small profit taking."

Alphabet: Google's parent company publishes its quarterly results after the market closes. Cramer said expect a positive surprise and that investors want to know how are the sales of ads and how it is possible to get premium subscriptions from YouTube.

"I also want to know if Google Cloud can really compete with Amazon Web Services … and Microsoft Azure, another great player," he said. "It's a very important neighborhood."

Apple: the iPhone maker will hold a conference call with shareholders after the bell. Installed master data is more important than phone sales because the company creates a new identity and delves into the economy of the subscription, Cramer said.

"I'm afraid there's too much Johnny-come-latelies in this reserve – the camp followers who bought it north of $ 200, he closed at $ 204 – and these summer soldiers, these sunny patriots, they will not be satisfied no matter what that Apple will say, "he said. So do not pay too much attention to the action. Pay attention to the substance. "

General Electric: The once-dominant manufacturing conglomerate announced its results in the morning.

"I think CEO Larry Culp is doing an incredible job, I'm one of his biggest donors, but he's not Hercules, and these stables still need a lot of cleaning," said Cramer. "It's the neighborhood where Culp has to find a way to get out of the box."

General Motors: GM publishes its results before the market opens.

"I hope that a lot of money will go to GM because last night, as I predicted here, Ford has created a huge surprise on the rise," he said. "It could be a very bad extrapolation."

Advanced Micro Devices: Shareholders will be informed by the chip maker at the end of the trading. Investors will learn from the call if Intel's challenges are isolated, Cramer said.

"In many cases, Intel's pain could be AMD's gain – I think they could take a significant share of the market," he said. "We will discover it by listening to the history of the semiconductor band, Lisa Su, CEO."

CVS: CVS gives the results before the bell.

"We will discover how this fusion of Aetna works," Cramer said. "Maybe that could get the title to move away from his 52-week minimum where he seems to be an inhabitant."

Estee Lauder: The cosmetics company receives a call for results before the opening of negotiations. Cramer is waiting for CEO Fabrizio Freda to organize a clinic.

"If you want to know what makes a great teleconference, listen to Estee Lauder, because an excellent teleconference often means an excellent stock of a big company looking for you," he said.

Dow Chemical: The chemical manufacturer will receive its first earnings call since the DowDuPont split earlier this month. The stock has a yield of about 5%.

"Dow's former parent has also reported." I think you're getting a gift with Dow's very safe dividend, "said Cramer.

Non-farm payroll: The US Department of Labor will release employment data for the month of April. Cramer expects the numbers to be solid, but he fears badysts will be forced to ask the Federal Reserve to adopt a hawkish monetary policy again.

"Do not listen to these people," says Cramer. "Hold on to your knitting."

Disclosure: The Cramer Charitable Trust holds shares in Apple, Alphabet, Dow Inc., CVS and Walt Disney, Microsoft and Amazon.