Cramer’s Earnings Preview for Thursday
Now in the thick of earnings season, Thursday promises to be yet another busy day. Dozens of companies are scheduled to deliver earnings, but "Mad Money" host Jim Cramer plans to monitor five reports in particular.
To start, Exxon-Mobil will release its quarterly results at 8 a.m. ET, followed by an earnings conference call at 11 a.m. ET. The Irving, Texas-based company is engaged in the exploration and production of oil and natural gas. Cramer is interested to hear what executives have to say about nat gas, though. If executives say nat gas has no future beyond utilities, Cramer thinks the price of nat gas could take another leg down.
Celgene, the company behind one of Cramer’s fave growth stocks, will host its earnings conference call at 9 a.m. ET. The biotechnology company's stock typically falls after earnings are released, Cramer said, but then rallies once the market realizes that company executives typically give very conservative forecasts.
Summit, N.J.-based Celgene makes products that treat or alleviate an array of illnesses and disorders, including multiple myeloma and various blood disorders. Cramer is interested in hearing more about its pipeline.
(RELATED: Cramer's Ultimate Growth Stocks for 2012)
After Thursday's closing bell, Cramer will look for results fromAmazon.com. The Internet retailer will make an earnings announcement at 4 p.m. ET, followed by an earnings conference call at 5 p.m. ET.
If you ask Cramer, CEO Jeff Bezos is spending too much. In turn, he thinks it will be hard for the Seattle-based company to beat expectations.
Shoemaker Deckers Outdoor will also report after the close. Cramer worries that its UGG brand has peaked, as is reflected in its stock. He called it a “total show-me story.”
Speaking of “show-me stocks,” Cramer noted Zynga is also scheduled to report after the closing bell. The San Francisco-based company develops, markets and operates a variety of online games and social networks.
While the Internet company has made many acquisitions lately, Cramer complained it has little earnings to show for it. He thinks Zynga could likely report a lot of downloads, but wants to know if anybody is actually clicking on the ads.