Cramer’s Earnings Game Plan
There are hundreds of companies slated to announce their earnings the week of October 24, but Cramer has his eye on a select 23. What follows is his “Game Plan.”
Monday, October 24
Caterpillar will set the tone for the week when it reports before the bell Monday. The “Mad Money” host said we need to hear that there’s no weakness in China, estimates are being raised, raw costs are coming down and that Europe can’t hurt the company.
Also before the bell, we’ll hear from Eaton and Cramer’s betting it will be “terrific” news. He likes the company’s secular growth stories like energy conservation and the data center.
Cramer fave Kimberly-Clark announces its quarterly results ahead of the open as well. It has a great dividend, and he thinks the company can raise the payout with the raw costs going down.
He also expects to hear great things when VF Corp reports before the opening bell. Cramer is betting the stock will go down on profit taking, so he would get ready to buy into the weakness.
After the bell, Neflix releases its quarterly earnings. If it says there was no dramatic decline in customers, Cramer is betting that will move the stock up.
Tuesday, October 25
3M has stumbled the last couple of quarters and Cramer thinks it wants to show that the stumbles are history when it reports ahead of the opening bell. He would buy the stock on any weakness going into the report.
He’ll also have his eye on Cummins when it announces its quarterly results before the open. The stock has been hammered from its highs and management has lowered their European expectations. That said, Cramer thinks the stock has run and he doesn’t think it can run further. He hopes it comes in Monday so you get a better buying opportunity.
DuPont also reports before the bell and Cramer expects to hear another bullish story about cost cutting and margin expansion.
He wants to hear something more positive about Asia when UPS releases its earnings ahead of the open. He’d also like to hear the dividend could be raised.
Wednesday, October 26
Ford Motor reports before the bell Wednesday. While the raw cost situation has improved, Europe hasn’t. Cramer thinks the auto company can slowly climb back up, but if the stock is at $13 before it reports, he doesn’t think it will be able to break out.
After the close, we’ll hear from two troubled gold miners. Agnico-Eagle Mines saw its stock plummet this week thanks to the indefinite suspension of one of its key mines. Cramer said the CEO has to “clear things up and tell a better story.” And he hopes Goldcorp is able to put the last miserable quarter behind it.
Thursday, October 27
Cramer wants to hear either a better quarter or that there's a change in leadership when Avon Products announces its earnings ahead of the opening bell.
Two important drug companies also report before the bell. Cramer thinks Bristol-Myers Squibb will have good news about new products, and expects Celgene to raise guidance, as well as talk about the extension of their Revlimid franchise to treat different kinds of cancer.
Also before the open, we’ll hear from Exxon Mobil . Cramer hopes the oil and gas giant talks about the coming natural gas boom. Otherwise, he thinks it will deliver another boring quarter.
Cramer has his eye on two paid-to-wait names that report ahead of the bell. He’s betting International Paper will be great and Waste Management will be better than expected.
Finally, Procter & Gamble also announces its earnings before the open. With Pringles being sold, its worldwide initiatives in place and raw costs down, Cramer wonders if this may be the break out quarter we’ve been waiting for.
After the closing bell, he’ll be watching for two earnings reports in particular. First, we’ll hear from Deckers Outdoor . The stock is saying we could have a blow-out, but because high multiple stocks have been week of late, he expects profit-taking. Cramer also thinks Electronic Arts could blow away mobile and social numbers. He likes this name going into the quarter.
(RELATED: 10 Tech Stocks That Have Hit Bottom)
Friday, October 28
Cramer thinks Chevron , which reports before the opening bell, has run too much. He suggests taking profits ahead of the quarter.
Lastly, we’ll hear from Weyerhaeuser ahead of the bell. Cramer thinks this is a “show me name" that’s starting to show. The stock pays you to wait and Cramer thinks it's a buy.
Call Cramer: 1-800-743-CNBC
When this story was published, Cramer’s charitable trust owned Chevron, Cummins, DuPont, Eaton, Weyerhaeuser and UPS.
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