Mad Money with Jim Cramer
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What Cramer Expects of Michael Kors, Zynga Earnings
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Of all the companies reporting earnings on Tuesday, Cramer is focused on two in particular, namely Michael Kors and Zynga. The "Mad Money" host detailed what he expects of both companies.
Michael Kors [KORS
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] 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 [ZNGA
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] 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 [GRPN
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], which he called “an overvalued wild card of a company that seems totally unseasoned.” Needless to say, he’s a seller of ZNGA.
Read on for Cramer's "Game Plan" for the remainder of the week
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