Odd hour for markets, but profits matter again

CNBC’s Jim Cramer presented his game plan for next week on Friday after Wall Street wraps up its first five trading days of 2022.

The “Mad Money” host said it was “a bit of a weird time” for the markets right now, “almost like a lot of stocks need to take their meds and then get back on track.”

“This week we saw the unprofitable technologies take a beating, which then spread to the more mature and profitable ones,” Cramer said. However, he added, “It’s much easier to buy the shares of an established company that is making money. Yes, it’s the profits that count again, the tangible profits under GAAP. . “

Here’s what Cramer is watching for the next week. All revenue and profit estimates are taken from FactSet.

Jim Cramer’s game plan for the January 10 trading week.

Crazy money with Jim Cramer

Monday: JPMorgan Health Care Conference and Tilray results

JPMorgan Healthcare Conference

Now in its 40th year, the JPMorgan Healthcare Conference is a hugely influential event, Cramer said, explaining that the company presentations there are known to shake up stocks. The virtual conference starts on Monday and lasts until Thursday.

Tilray

  • Q2 2022 results before bell; conference call at 8:30 a.m. ET on Monday
  • Projected loss: Loss of 7 cents per share
  • Expected revenue: $ 200 million

Tuesday: Albertsons results and Dell Technologies investor meeting

Albertsons

  • Q3 2021 results before the opening; conference call at 8:30 a.m. on Tuesday
  • Projected EPS: 61 cents
  • Forecast sales: $ 16.34 billion

As Albertsons shares retreated from their recent highs, Cramer said he believes the grocery chain’s shares have more wiggle room. He suggested that investors interested in holding the stock buy Monday ahead of Tuesday’s quarterly print.

Dell Technologies

  • Virtual chat by the fireside at 3:30 p.m. ET Tuesday

President and CEO Michael Dell is expected to speak at Bank of America’s View from the Top CEO series, and Cramer said he was interested to hear the executive’s perspectives now that Dell has completed its VMWare spin-off. Cramer said he personally believes the future is bright, recommending investors buy shares before and after Tuesday’s scheduled presentation.

Wednesday: KB Home earnings

Home Ko

  • Fourth quarter 2021 results after closing; conference call at 5 p.m. ET Wednesday
  • Projected EPS: $ 1.77
  • Expected revenue: $ 1.71 billion

Investors are closely watching the impact of higher interest rates on mortgage rates and, by extension, on housing demand, Cramer said. He said he believes KB Home’s stock could rise if it is released on Wednesday because he expects strong results.

Thursday: Delta Air Lines results

Delta Airlines

  • Q4 2021 profits before bell; conference call at 10 a.m. ET Thursday
  • Projected EPS: 13 cents
  • Forecast revenue: $ 8.86 billion

Cramer said investors will focus less on how Delta’s business has unfolded and more on how the company expects it to be as the Covid pandemic progresses.

“Do they think business travelers will come back? Can they sufficiently equip their planes? Are the prices going up? Cramer asked rhetorically. “While I love Disney for my charitable trust and believe that American Express can continue to function, I am skeptical of how well Delta’s actions can go in this environment.”

Friday: Wells Fargo, JPMorgan, BlackRock and Citigroup wins

Wells fargo

  • Q4 2021 profits before bell; conference call at 10 a.m. ET on Friday
  • Projected EPS: $ 1.10
  • Forecast revenue: $ 18.67 billion

Cramer, whose charitable trust holds a significant position in Wells Fargo, said he believes the bank is going to have a strong 2022. However, he acknowledged that the stock is off to a flying start, rising about 14% since the start of the year. He said it was not clear that the pace could continue, but that future pullbacks could present buying opportunities.

JP Morgan

  • Q4 2021 results before opening; conference call at 8:30 a.m. ET on Friday
  • Projected EPS: $ 3.00
  • Expected revenue: $ 29.85 billion

CEO Jamie Dimon “tends to be very optimistic, but he also mixes a few Molotovs with his otherwise easy-to-swallow budget cocktails,” Cramer said.

Black rock

  • Q4 2021 profits before bell; conference call at 8:30 a.m. ET on Friday
  • Projected EPS: $ 10.10
  • Expected revenue: $ 5.12 billion

Cramer said he expected a strong quarter, adding that he was eager to hear about the business, market and economy from BlackRock CEO Larry Fink.

Citigroup

  • Q4 2021 results before opening; conference call at 11 a.m. ET on Friday
  • Projected EPS: $ 1.55
  • Expected revenue: $ 16.92 billion

Cramer said he was monitoring whether CEO Jane Fraser could offer comments that were upbeat enough to push Citigroup shares up, allowing her to catch up with some of her peers. In addition, he said he was seeking more information about the suspension of its share buyback program by Citi in December.

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Disclosure: Cramer’s Charitable Trust owns shares of Wells Fargo and Disney.


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