Jim Cramer: 3 Earnings to Watch Wednesday
"Mad Money" host Jim Cramer plans to watch earnings from Costco, Joy Global and Staples Wednesday.
When Costco reports quarterly earnings before the bell, it will be the first time since the departure of co-founder and CEO Jim Sinegal. As the company’s new chief executive, Rich Galanti, makes his debut, Cramer will be listening for whether Costco is passing on rising food costs or eating it, as well as how its gas business is doing amid rising prices at the pump.
Joy Global reports Wednesday, too. Cramer will watch for mention of how coal demand will impact the company’s bottom line, as well as ramped-up competition from Caterpillar in its mining products, especially in China.
Finally, when Staples reports Wednesday morning, Cramer hopes to hear an indicator of what growth looks like among the small-business sector — “the quintessential job creators.” That might be more important than whether the office-supply chain beats Wall Street estimates.
Read on for Cramer's "Game Plan" for the rest of the week.
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