Cramer: 10 Earnings to Watch Next Week
What follows is Cramer’s “Game Plan” for the week of Monday, Feb. 13:
MONDAY, FEB. 13
Masco, a building materials maker, is scheduled to report earnings after Monday’s closing bell. The Taylor, Mich.-based company manufactures everything from cabinetry and faucets to fireplaces and garage doors. Cramer thinks it’s a great play on the potential turnaround in the U.S. housing market. He wouldn’t buy MAS at current levels, though. Instead, he recommends waiting for a pullback.
(RELATED: Cramer's Plays on a Potential Housing Rebound)
TUESDAY, FEB. 14
Michael Kors will report its first quarter since having made its initial public offering. Cramer has high expectations for the luxury apparel maker, but thinks its valuation is too high. Should KORS sell off after it reports before the opening bell, though, he recommends buying shares. After all, he thinks things are just getting started for this Hong Kong-based company.
Zynga will deliver its quarterly results after the closing bell. Cramer doesn’t have much hope for the social gaming company, though. He thinks it may turn out to be like Groupon , which he called “an overvalued wild card of a company that seems totally unseasoned.” Needless to say, he’s a seller of ZNGA.
WEDNESDAY, FEB. 15
Cramer is looking for two companies to report before Wednesday’s opening bell, namely Deere and Devon Energy . Deere always does a “horrible job” on its conference calls, causing its stock to sell off before bouncing back, Cramer said. He thinks Devon is a terrific oil company, but it’s stock is being brought down by its exposure to natural gas.
After the bell, gold miner Goldcorp will report its quarterly numbers. Cramer hopes the Vancouver, British Columbia-based company has been able to bounce back from an uncertain 2011. He expects executives will talk about how difficult it’s become to get gold out of the ground.
THURSDAY, FEB. 16
Cramer plans to hear from “one of the biggest disappointments of this era” on Thursday morning: General Motors . The U.S. automaker will report its earnings results before the opening bell.
“They took out the costs. They revamped the product line. All before they brought it public. Now almost everyone's still got a colossal loss,” Cramer complained. “I think that GM has no idea how to deal with Wall Street.”
The Detroit-based company’s saving grace may be that it has a big business in China, Cramer continued. Should the People’s Republic cut rates and expectations for Europe are wrenched out, he may consider GM at $22 a share.
Clothing maker VF Corp. is also scheduled to announce earnings before the open. The weather has been too warm for The North Face maker to blow away the numbers, Cramer surmised. It also has a lot of exposure to Europe, which continues to deal with its sovereign debt crisis. Considering the stock has had a huge run lately, he recommends taking profits ahead of the quarter.
FRIDAY, FEB. 17
Finally, Cramer is looking for two food companies to report before Friday’s open: Campbell Soup and Heinz . He worries that the consumer may perceive Campbell Soup to be unhealthy, thereby affecting sales. Meanwhile, he said Heinz faces currency, commodity and European risk, not to mention it’s not a cheap stock. He’d like to see Heinz’s stock fall to where it yields 4 percent before he becomes interested.
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