Actions could be more punished

CNBC’s Jim Cramer said on Friday that next week’s market events may offer signs of a rally in late December after a very volatile week that saw many small tech stocks tumble as investors grew worried. more of the omicron Covid variant.

“I think we might be getting more punishments because the ratings have gotten so out of hand, but given the hard knocks we’ve seen so far, there’s reason to believe we’re getting closer and closer. in addition to the light at the end of the tunnel, ”Cramer said.

Here’s what the Mad Money host will be watching over the coming week. All revenue and earnings per share estimates are taken from FactSet.

Monday: MongoDB and Coupa Software

MongoDB

  • Publication of results for the third quarter of 2022 after the bell; conference call at 5 p.m.
  • Projected loss: Loss of 38 cents per share
  • Projected revenue: $ 205.3 million

Coupa software

  • Publication of results for the third quarter of 2022 after the bell; conference call at 4:30 p.m.
  • Projected EPS: 3 cents
  • Projected revenue: $ 178.3 million

Cramer said technology companies MongoDB and Coupa Software have been “crushed” of late as fund managers ditch risky stocks for safer bets amid omicron concerns. “MongoDB and Coupa also find themselves in the unenviable position of having to report back right after what will undoubtedly be one of the biggest weekends we hear about the omicron variant,” Cramer said.

Tuesday: SentinelOne, Toll Brothers and Stitch Fix

SentinelOne

  • Q3 results after the bell; conference call at 5 p.m. ET Tuesday
  • Projected loss: Loss of 18 cents
  • Forecast revenue: $ 49.6 million

Cramer said cybersecurity firm SentinelOne is a good test for investors to determine if tech stocks have been oversold. “I was shocked to see that this stock had already gone from $ 76 to $ 46, for no obvious reason other than the larger turn in the stock market,” Cramer said.

Toll brothers

  • T4 results after the bell; conference call at 8:30 a.m. ET Wednesday
  • Projected EPS: $ 2.48
  • Forecast revenue: $ 2.9 billion

Toll Brothers, the high-end home builder, has several favorable winds that have helped it post “incredible numbers,” Cramer said, including low mortgage rates, high profit margins and the hybrid work environment that stimulates home sales. “Will Toll Brothers be hurt by today’s weaker than expected employment report? I doubt it,” Cramer said.

Point correction

  • Q1 results after the bell; conference call at 4:30 p.m. ET Tuesday
  • Projected loss: Loss of 14 cents
  • Expected revenue: $ 571 million

Stitch Fix is ​​more of a clothing game than a tech title, Cramer argued, but he said next week’s earnings may indicate this title and similar digital-heavy titles have bottomed out and are poised to go. increase again.

Wednesday: UiPath, Campbell Soup, RH and GameStop

UiPath

  • Q3 results after the bell; conference call at 5 p.m. ET Wednesday
  • Projected EPS: Loss of 4 cents
  • Projected revenue: $ 208.3 million

Cramer also believes that UiPath, a software company specializing in automating repetitive tasks, is a key test case for tech stocks.

Campbell Soup

  • Q1 results before the bell; conference call at 8 a.m. on Wednesday
  • Projected EPS: 81 cents
  • Forecast sales: $ 2.28 billion

“Do you think the world is coming to an end? Okay, so I have something for you,” in Campbell Soup, Cramer said Friday, noting that he viewed his performance more as a leading indicator on names related to the. slowdown as a reflection. on the management of the company.

HR

  • Third quarter results after closing; conference call at 5 p.m. ET Wednesday
  • Projected EPS: $ 6.62
  • Expected revenue: $ 983 million

“I think CEO Gary Friedman takes a long-term view,” Cramer said, adding that in the past every sale of HR shares had “been a reason to buy, not to sell”.

Gamestop

  • Q3 results after the bell; conference call at 5 p.m. ET Wednesday
  • Projected loss: Loss of 52 cents
  • Forecast sales: $ 1.2 billion

Cramer says GameStop is the “king of memes actions” despite not seeing a “real turnaround plan” from the company’s new management. “I can’t justify owning it here and I think the Wall Street Bets cohort has run out of firepower lately… but there is huge lustful interest here,” Cramer said.

Thursday: Broadcom, Costco, Hormel, Lululemon and Chewy

Broadcom

  • T4 results after the bell; conference call at 5 p.m. ET Thursday
  • Projected EPS: $ 7.74
  • Forecast revenue: $ 7.36 billion

Chipmaker Broadcom has been “remarkably consistent in an inconsistent world,” Cramer said.

Costco

  • Q1 results after the bell; conference call at 5 p.m. ET Thursday
  • Projected EPS: $ 2.62
  • Forecast revenue: $ 54.1 billion

Costco is often hit after big hikes, Cramer said, giving investors a buying opportunity.

Hormel

  • T4 results before the bell; conference call at 9 a.m. ET Thursday
  • Projected EPS: 50 cents
  • Expected revenue: $ 3.22 billion

Cramer said Hormel is a “tried and true” name that is down from its highs despite wise management actions.

Lululemon

  • Third quarter results after closing; conference call at 4:30 p.m. ET Thursday
  • Projected EPS: $ 1.40
  • Forecast revenue: $ 1.43 billion

Cramer said he believes Lululemon will release a “fantastic” report next Thursday, which will make it an aggressive game.

soft

  • Third quarter results after closing; conference call at 5 p.m. ET Thursday
  • Projected loss: Loss of 3 cents
  • Expected revenue: $ 2.21 billion

“I also want to hear from Chewy,” Cramer said. “The online pet food retailer that has seen its inventory cut in half. … Do you see the diagram here? It’s called a bear market, folks: Everything digitized is being pulverized. “

Friday: Centene

Centene

  • Investor meeting at 8:30 a.m.ET

The Centene analyst meeting could bring good news to investors in the form of strong cash flow and buybacks, Cramer said.

Register now for the CNBC Investing Club to follow Jim Cramer’s every move in the market. Cramer’s charitable trust owns shares of Broadcom and Costco.

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