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Time to put some cash to work

Jim Cramer on “Mad Money”.

Scott Mlyn | CNBC

CNBC’s Jim Cramer on Friday previewed the biggest market events scheduled for next week’s holiday shortened trading window.

“You need to recognize the excitement of the moment” as the Federal Reserve passed a more aggressive plan to tighten monetary policy, “Mad Money” said the presenter.

“You don’t want to be the hero here. You might have raised some cash if you were watching the show or if you were a member of the show. [the CNBC Investing Club] …so it was time to act a little bit when everyone was wondering about omicrons when we arrived on Monday morning. “

Here’s what Cramer will be watching in a four-session week. All estimates are from FactSet.

Monday: Earnings from Micron and Nike

Micron

  • Q1 2022 results after the bell; conference call at 4:30 p.m. ET
  • Expected EPS: $2.10
  • Expected revenue: 7.68 billion USD

“I think it’s still a buy because secular demand for their chips remains unabated,” Cramer said.

Nike

  • Results of the second quarter of 2022 after the end; conference call at 5 p.m. ET
  • Forward EPS: 63 cents
  • Expected revenue: 11.25 billion USD

Cramer said he believes Nike’s business in China will be solid, potentially helping the company’s results come in better than expected. He added that he also holds that prospect for the aforementioned Micron.

“I wish I could be more specific, but they’ve come down, and they’re great bounce candidates,” he said.

Tuesday: General Mills and BlackBerry earnings

General Mills

  • Q2 2022 results before the bell; conference call at 9 a.m. ET
  • Forward EPS: $1.05
  • Expected revenue: $4.84 billion

“The street has decided that Mills, as it’s called, is the right stock to own here,” Cramer said, adding: “It has great brands including great grains to make you can eat all day thanks to Covid.”

In particular, Cramer said investors who believe the Federal Reserve will need to be even more drastic than recently released forecasts should own General Mills. “If you believe Jay Powell is going to destroy the economy to save it – and I don’t – General Mills is your stock,” he said.

BlackBerry

  • Results of the third quarter of 2022 after the end; conference call at 5:30 pm
  • Expected Loss: Loss of 7 cents per share
  • Expected revenue: $174 million

Cramer reminds viewers that BlackBerry is a meme stock, and he says the “meme guys” do their best to get the company’s stock soar after the release of quarterly numbers.

“Surname just go to town and say, ‘It’s great and has all this intellectual property, so what the hell is Jim Cramer to disparage it? “…I’m the kind of guy who doesn’t want to touch Blackberry, that’s all. Why? Because it’s consistently disappointing.”

Wednesday: Income from CarMax, Cintas and Paychex

CarMax

  • Q3 2022 results before opening; conference call at 9 a.m. ET
  • Expected EPS: $1.46
  • Expected revenue: $7.32 billion

Cramer said CarMax, like other companies reported Wednesday that he is emphasizing, is a quality stock. He said he continues to like CarMax because of the scarcity of used cars.

Cintas

  • Q2 2022 results before the bell; conference call at 10 a.m. ET
  • Expected EPS: $2.64
  • Expected revenue: $1.9 billion

Paychex

  • Q2 2022 results before the bell; conference call at 9:30 a.m. ET
  • Forward EPS: 80 cents
  • Expected revenue: 1.06 billion USD

Cramer said Paychex usually reports a solid quarter, but still sees its stock “wiped out”. However, he thinks that creates a buying opportunity.

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https://www.cnbc.com/2021/12/17/cramers-week-ahead-time-to-put-a-small-amount-of-cash-to-work.html Time to put some cash to work

Emma James

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