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Wall Street closed another volatile week on Friday, but the corporate earnings season kicks off next week and could provide some direction to the market.
“The week has recovered from an early sell-off and has proven to be strong enough to lead the earnings season with a good head of steam, so let’s go ahead and see what there is to see.” CNBC’s Jim Cramer said.
Here’s Cramer’s take on the big business news coming up next week. The revenue and earnings per share projections are estimates by Factset.
Monday: AMC in the spotlight
“One thing’s for sure: if Bond is doing well, AMC CEO Adam Aron will almost tweet about these box office numbers.… Adam is the kind of guy who doesn’t hesitate to say his shareholders will pass themselves off as bandits if this trajectory continues, even though many fund managers like to rant and bet against the man over and over again, ”Cramer said.
Tuesday: Fastenal Gains
- Publication of third quarter 2021 results: before the opening bell; conference call: 10:00 a.m.
- Projected EPS: 42 cents
- Expected revenue: $ 1.54 billion
“It might only be $ 30 billion in market value, but Fastenal is an indicator of foreign industrial growth,” Cramer said.
Wednesday: results from JPMorgan, Blackrock and Delta
- Publication of third quarter 2021 results: before the opening bell; conference call: 8:30 a.m.
- Projected EPS: $ 3.01
- Expected revenue: $ 29.8 billion
“It is almost impossible to determine how the market will react to JPMorgan’s earnings when we see them on Wednesday. It is a well-run company that has a habit of releasing formidable numbers, but will they be formidable enough to justify the leak. the action? Typically no, ”Cramer said.
Black rock
- Publication of third quarter 2021 results: before the opening bell; conference call: 8:30 a.m.
- Projected EPS: $ 9.57
- Forecast revenue: $ 4.8 billion
“This huge asset collector will most likely have a Monster Quarter.… BlackRock is what I call a holy stock. If you’re anxious to buy something for a trade, this is it. The curtsy here is. amazing, ”he said. .
Delta Airlines
- Publication of third quarter 2021 results: before the opening bell; conference call: 10:00 a.m.
- Projected EPS: 17 cents
- Expected revenue: $ 8.4 billion
“The airlines seem to be talking every day. They can’t be silent. Yet when Delta reports Wednesday morning, there will still be people who will be surprised at how optimistic they are,” Cramer said.
Thursday: More banking income, with Domino’s Pizza and Walgreens
- Publication of third quarter 2021 results: before the opening bell; conference call: 8:30 a.m.
- Projected EPS: $ 1.69
- Forecast revenue: $ 13.9 billion
Wells fargo
- Publication of third quarter 2021 results: before the opening bell; conference call: 11:30 a.m.
- Projected EPS: $ 1.00
- Expected revenue: $ 18.2 billion
“I bet Morgan Stanley’s will be amazing and Wells Fargo’s won’t be as bad as it used to be. It’s good news for both of you,” Cramer said.
Bank of America
- Publication of third quarter 2021 results: before the opening bell; conference call: 9:00 a.m.
- Projected EPS: 71 cents
- Forecast revenue: $ 21.7 billion
Citigroup
- Publication of third quarter 2021 results: before the opening bell; conference call: 8:00 a.m.
- Projected EPS: $ 1.73
- Expected revenue: $ 17.1 billion
“We also get reports from Bank of America and Citigroup. We know that Citi always stays cheap. I don’t see this ending anytime soon. Bank of America could have a real breakout in earnings because the rates of Long-term interest is increasing and that’s what they need to move that needle. “
Domino’s Pizza
- Publication of third quarter 2021 results: before the opening bell; conference call: 10:00 a.m.
- Projected EPS: $ 3.11
- Forecast revenue: $ 1.03 billion
“I think this behemoth will beat the numbers again because the Delta variant made people curl up in their homes,” Cramer said.
Alliance of Walgreens boots
- Publication of Q4 2021 results: before the opening bell; conference call: 8:30 a.m.
- Projected EPS: $ 1.02
- Forecast revenue: $ 33.03 billion
“The stock has been going down for so long that it sort of looks to me. Any positive news could send it up, although I can’t imagine what that news could be,” a- he declared.
Friday: Goldman and JB Hunt wins
- Publication of third quarter 2021 results: before the opening bell; conference call: 10:30 a.m.
- Projected EPS: $ 10.14
- Forecast revenue: $ 11.7 billion
“I expect excellent. Spending under control. Solid wealth management. Pretty cool fixed income. … The good thing about Goldman’s stock is that it actually tracks earnings, so if the quarter is actually as strong as I think it will be, don’t chase it. It’s a fool’s race, ”Cramer said.
JB Hunt Transport Services
- Publication of third quarter 2021 results: before the opening bell; conference call: 10:00 a.m.
- Projected EPS: $ 1.78
- Forecast revenue: $ 3.02 billion
“We hope they can explain what is going on with the search for truck drivers. Finding drivers has become a nightmare,” he said.
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