Cramer: The Coming Week in Earnings
Next week is the "big kahuna" week for earnings, Cramer said, with reports coming in from a slew of major names across multiple sectors.
The week begins with Apple on Monday. The news this week that Verizonwill carry Apple's iPhone and iPad devices sent the stock soaring past the $300 mark. Cramer hopes to hear more about that deal during Apple's conference call. He also wants to know if the tech giant can exceed estimates of 10 million iPhones sold through Verizon and 40 million iPads in 2011. Cramer thinks the estimates are too low and the stock is poised to go higher, as the numbers get pumped up to his Street-high prediction of $22 earnings per share in 2011. He reiterated his $325 price target.
Speaking of tech, Cramer hopes to get the latest on the cloud-computing space when VMware and EMC report earnings on Monday and Tuesday, respectively. He'll also pay attention to IBM when it reports on Monday. One of Cramer's favorite tech stocks, he called IBM a "one-stop shop" for businesses' services, storage and cloud-computing needs. Cramer will also be listening to Yahoo!'s conference call on Tuesday for any comment on reports AOLand a group of private-equity firms seek to take over the Sunnyvale, Calif.-based company. On Thursday, Cramer will listen to Apple derivative play Cirrus Logic to see if they're worried about losing Apple as a big customer.
Although Apple has been Cramer's favorite of the high-growth C.A.N.D.I.E.S., he's looking forward to Chipotle's earnings report on Thursday. With shares pushing higher, Cramer thinks this is the strongest restaurant growth story. He wants to hear about increased traffic, store openings and the latest on healthy-food trends. Analysts are looking for same-store sales growth of 8 percent.
Meanwhile, the bank stocks have been crushed as investors fret about rising foreclosures and potential legal issues surrounding loan reviews. It will be important to listen to what the big banks say when they report next week, including Citigroup on Monday, Bank of America on Tuesday and Wells Fargo on Wednesday.
Industrial names Caterpillar and Bucyrus International report earnings on Thursday. Cramer wants to know how they're increasing their already-large exposure to international markets, as that's where the growth is right now.
On the topic of international growth, Cramer hopes to hear about Chinese demand from gold and copper producer Freeport-McMoRan when it reports on Thursday.
Aerospace players Boeing and Honeywell International report on Wednesday and Friday, respectively. Cramer expects these companies to talk about increased demand from the aerospace cycle.
Finally, Schlumberger reports on Friday. The oil company should provide a forecast on the entire oil industry.
"So my Game Plan for the coming week is all about processing information," Cramer said. "You can try to make money off it later, once you can hear yourself think over the cacophony of earnings news."
When this story published, Cramer's charitable trust owned Apple, Bank of America, Boeing, EMC and Honeywell International.
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