11 Earnings Cramer's Watching Next Week
What follows is Cramer's "Game Plan" for the week of Tuesday, Feb. 22.
TUESDAY, FEB. 22
Before the opening bell, Home Depot will report its quarterly results. The No. 1 home improvement retailer in the U.S., Cramer thinks it will provide a good read on the housing market. Its stock, he noted, has had a terrific run as of late. So, he wouldn't be quick to pull the trigger.
In the technology space, Hewlett-Packard will also give its earnings results on Tuesday. Being as Dell recently delivered a positive quarter, Cramer thinks HPQ can, too.
Cramer will be monitoring Chesapeake Energy's earnings call, too. While the stock has surged on a joint venture announcement with China, Cramer thinks it could double from current levels.
New York City-based retailer Macy's will deliver earnings results. Cramer likes CEO Terry Lundgren's "My Macy's" localization initiative, so he's interested to learn if it has continued to boost sales. He's bullish on the department store chain.
Known for its Wangler, The North Face, JanSport and other brands, V.F. Corp. will also report earnings on Tuesday. The clothing company was able to boost margins last quarter and Cramer wants to know if it was able to do that again.
Retail giant Walmart is also scheduled to release earnings on Tuesday. After a slew of downgrades, Cramer said expectations are low. He recommends holding off on this stock until after the company provides an update on how its business is going.
WEDNESDAY, FEB. 23
Before Wednesday's open, Saks will release earnings. When it comes to high-end department stores, Cramer prefers Macy's. Still, he's planning on listening to Saks' conference call to learn about trends in luxury goods.
TJX Companies, operator of TJ Maxx and Marshalls department stores, is also scheduled to give earnings on Wednesday. Recent data suggests TJX has been doing well, but the company does face tough comparisons this quarter. Cramer is interested to see how it all shakes out.
THURSDAY, FEB. 24
Deckers, maker of UGG brand footwear, will give an update on the shoe bull market when it reports earnings. Professional football player Tom Brady recently agreed to promote the UGG brand, so Cramer will want to hear how the new image is working.
Salesforce.com will give earnings on Thursday, too. The stock is flirting with its highs, but Cramer said it is a high-flyer. Should the stock fall on an earnings miss, he would buy shares.
FRIDAY, FEB. 25
J.C. Penney will deliver its quarterly results on Friday. The department store operator recently made some management changes, so Cramer wants to hear how that's going.
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