Cramer's week ahead: The impact of inflation and the reopening as earnings season accelerates

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Jim Cramer

Scott Mlyn | CNBC

CNBC’s Jim Cramer said Friday that the “real earnings” season will get underway Monday after the major banks posted their quarterly results earlier this week.

“We’re actually going to get the impact of both inflation and the reopening,” he said on “Mad Money.” “I think the former’s a big negative, but the latter’s so positive that the ball can stay in the air, ready for a beautiful stuff over the net and to the floor.”

Cramer gave his game plan for the week ahead. Earnings-per-share projections are based on FactSet estimates:

Monday: Coca-Cola, United Airlines, IBM

Tuesday: Abbott Laboratories, Johnson & Johnson, Procter & Gamble, Netflix

Wednesday: Verizon, Lam Research, Chipotle

Thursday: Union Pacific, Dow, Danaher, Nucor, Intel Boston Beer

Union Pacific

  • Q1 2021 earnings release: 8 a.m.; conference call: 8:45 a.m.
  • Projected EPS: $2.06
  • Projected revenue: $5.05 billion

“I think Union Pacific is going to tell a story of making more with less, meaning efficiency galore,” Cramer said.

Dow

  • Q1 2021 earnings release: 6 a.m.; conference call: 8 a.m.
  • Projected EPS: $1.12
  • Projected revenue: $11.09 billion

“If PPG is any guide from last night, it should put up some amazing numbers, allowing the stock to break out to the $70s,” he said.

Danaher

  • Q1 2021 earnings release: 6 a.m.; conference call: 8 a.m.
  • Projected EPS: $1.76
  • Projected revenue: $6.29 billion

“I can’t wait to see how well they’re doing,” the host said. “I expect a fantastic quarter.”

Nucor

  • Q1 2021 earnings release: TBD; conference call: 2 p.m.
  • Projected EPS: $3.05
  • Projected revenue: $7.18 billion

“We’re in an inflationary era, whether it’s transitory or whether it’s not, so Nucor should put up some incredible numbers,” he said.

Intel

  • Q1 2021 earnings release: after market; conference call: 5 p.m.
  • Projected EPS: $1.14
  • Projected revenue: $17.78 billion

“I think Pat’s doing a terrific job inspiring people both inside and outside this great institution,” Cramer said. “If the stock gets hit, I’d be a buyer. Gelsinger can’t turn the Intel battleship on a dime, but it will be turned.”

Boston Beer

  • Q1 2021 earnings release: 4 p.m.; conference call: 5 p.m.
  • Projected EPS: $2.55
  • Projected revenue: $477 million

“I think the shorts will be leaning against Boston Beer, as they always do, because of the [spiked seltzer] competition,” he said. “My view? The category’s growing so rapidly, the parent of Sam Adams should do just fine, thank you.”

Friday: Honeywell, American Express





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