Strong earnings could help market weather historically difficult times

CNBC’s Jim Cramer anticipated next week’s key market events on Friday after the S&P 500 posted its seventh consecutive day of gains to close at a record high 4,697.53.

“We need to see if this pink stock can hold up until next week, a period that historically tends to produce massive sell-offs.… But if earnings remain strong, well, I think the stock market can stay strong, too, “Cramer said.

Here’s what the host of “Mad Money” will be keeping his eyes on. All revenue and earnings per share estimates come from FactSet.

Jim Cramer’s game plan for the November 8 trading week.

Crazy money with Jim Cramer

Monday: Earnings from PayPal and AMC Entertainment; AMD and Nvidia events

Pay Pal

  • 3rd quarter earnings after the bell; conference call at 5 p.m. ET on Monday
  • Projected EPS: $ 1.07
  • Expected revenue: $ 6.23 billion

Cramer said owning PayPal for his charitable trust has so far been “a disaster” as the stock has been crashed recently. “Dan Schulman, the CEO, had previously warned us that it would be a tough quarter due to PayPal’s final separation from eBay, but he’s already lost over 80 points, which I think is overkill,” Cramer said.

AMC Entertainment

  • Third quarter results after closing; conference call at 5 p.m. ET on Monday
  • Projected EPS: loss of 53 cents
  • Expected revenue: $ 708 million

It’s hard to rate AMC now that it’s a stock meme owned by a very passionate group of retail investors, Cramer said. “I bet CEO Adam Aron will do a great job on the call, and individual investors will buy even more, so stocks will hang in because he knows how to give his shareholder base what she wants, ”he said.

AMD

  • Fast-track data center premiere at 11 a.m. ET Monday

Cramer said he expects AMD CEO Lisa Su to tell a great story at Monday’s event. “I think AMD is on track to eclipse Intel in terms of market capitalization.… How have the powerful fallen,” he said.

Nvidia

  • The semiconductor company’s annual GPU technology conference Monday through Thursday

“Prepare to be blown away,” Cramer said.

Tuesday: Wynn Resorts, Upstart Holdings, Coinbase and DoorDash

Wynn Resorts

  • Q3 results after the bell; conference call at 4:30 p.m. ET Tuesday
  • Projected EPS: Loss of $ 1.36
  • Expected revenue: $ 943 million

Cramer said he was at Wynn Resorts for the long haul, believing that “the stock will skyrocket” once business at the Macau gaming center picks up in earnest. “Until then, the pain,” he said.

Holdings reached

  • Third quarter results after closing; conference call at 4:30 p.m. ET Tuesday
  • Projected EPS: 33 cents
  • Forecast revenue: $ 214.9 million

The fintech company, which uses artificial intelligence to modernize the lending process, was just hired by Wells Fargo, Cramer said. “I hope they understand what is going on on the conference call because I still don’t understand exactly how they do what they do.”

Coinbase

  • Q3 results after the bell; conference call at 5:30 p.m. ET Tuesday
  • Projected EPS: $ 1.73
  • Expected revenue: $ 1.57 billion

“The action in cryptocurrency has been pretty exciting lately so this should send Coinbase higher even if it goes up. That said, they need to let go of arrogance. They need to go into cold mode,” said To screw up.

DoorDash

  • Third quarter results after closing; conference call at 5 p.m. ET on Tuesday
  • Projected EPS: Loss of 10 cents
  • Expected revenue: $ 9.96 billion

The strength of Uber’s food delivery business in the third quarter could be a harbinger of good DoorDash results, Cramer said, suggesting the company could “blow the doors down.”

Wednesday: Wendy’s, Dutch Bros, Walt Disney Co. and Mastercard meeting

Wendy’s

  • Q3 results before the bell; conference call at 8:30 a.m. ET Wednesday
  • Projected EPS: 18 cents
  • Expected revenue: $ 471 million

Cramer said he hoped Wendy’s, which he described as his favorite quick-service restaurant chain, could report numbers as good as the latest McDonald’s results.

Dutch brothers

  • Third quarter results after closing; conference call at 5 p.m. ET Wednesday
  • Projected EPS: 6 cents
  • Projected revenue: $ 125.2 million

The Oregon-based channel turned out to be one of the hottest initial public offerings of the year, Cramer said. “This is a tremendous story of regional to national growth,” he said, but hinted he still had concerns about the assessment of the action.

Walt Disney Co.

  • fourth quarter results; conference call at 4:30 p.m. ET Wednesday
  • Projected EPS: 52 cents
  • Expected revenue: $ 18.8 billion

Cramer said the Disney report could be “rough.” He noted that some of his theme parks had not reached capacity and that his list of films was “good, not great”. Meanwhile, its flagship streaming service, Disney +, “also appears to be slowing down,” he said.

MasterCard

  • Investor meeting kicks off at 8:30 a.m. ET on Wednesday

While the company’s shares have been squashed in recent times, Cramer said it’s important to remember that Mastercard is benefiting from consumer spending and, especially now, the resumption of cross-border travel.

Thursday: Tapestry and Yeti

  • Results for the first quarter of fiscal 2022 before the bell; conference call at 8 a.m. ET Thursday
  • Projected EPS: 70 cents
  • Forecast revenue: $ 1.44 billion

Cramer said any positive news from parent company Coach and Kate Spade should help push the stock to a new 52-week high above $ 49.66 per share. The stock closed at $ 42.51 on Friday.

Yeti

  • Third quarter results before opening; conference call at 8 a.m. ET Thursday
  • Projected EPS: 60 cents
  • Expected revenue: $ 358 million

Cramer said he believes the company, known for its insulated mugs and coolers, is more than a winner in a pandemic.

Friday: AstraZeneca and Warby Parker

AstraZeneca

  • 3rd quarter earnings before the bell; conference call at 7:45 a.m.ET on Friday
  • Projected EPS: £ 92.54
  • Expected revenue: £ 7.04 billion

Among the companies that have developed Covid vaccines, Cramer said he believes “there are better fish to fry” than AstraZeneca.

Warby parker

  • Third quarter results before opening; conference call at 8 a.m. ET on Friday
  • CNBC
  • Projected revenue: $ 133.1 million

Cramer said he was eager to learn more about Warby Parker in the eyewear maker’s first quarterly results as a state-owned company.

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