Cramer: 4 Earnings to Watch Wednesday
Cramer expects strong quarterly results from four companies scheduled to report earnings on Wednesday.
To start, the "Mad Money" host is looking for a huge quarter from Clean Harbors before Wednesday's opening bell. The Norwell, Mass.-based company provides waste management and hazardous material management services.
"Everyone keeps buzzing about dirty water from hydraulic fracturing or fracking in the oil and gas biz," Cramer said. "The answer has always been Clean Harbors. They are the good drilling seal of approval."
With Clean Harbors' stock trading lower, Cramer recommends buying shares ahead of earnings.
Clorox is also scheduled to report ahead of the open. The Oakland, Calif.-based company manufactures a variety of consumer goods under the Formula 409, Hidden Valley, Glad and Kingsford brand names, among many others. Not only Clorox growing its brands, Cramer said the company is benefitting from lower raw costs. He likes the stock's 3.6 percent dividend yield and expects a dividend increase in the foreseen future.
After the close, Continental Resources will post its earnings results. Cramer thinks this oil and gas name will report a "blow out" quarter. Although based in Enid, Okla., it has a strong presence in the Bakken shale, which stretches from Western North Dakota to Montana along the Canadian border. Bad weather in that area hurt the company's results last quarter, but Cramer expects good things this time around.
Finally, Cramer expects an upside surprise from Qualcomm when it reports after the close. The San Diego, Calif.-based company makes digital wireless telecommunications products. The hottest thing in the wireless space is 4G, Cramer said, and Qualcomm has it "in spades."
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