Cramer's 4 Earnings to Watch Wednesday
Wednesday will bring on another spate of Wall Street earnings, and as always, “Mad Money” host Jim Cramer will be on the case.
First, we'll get a big read on industrials when Caterpillar reports its quarterly results. Will CAT be the next Cummins , Cramer asked, or can it tell a story of growth somewhere? But he thinks the numbers are too high and that if CAT were to substantially cut forecasts, “there will be no bottom worth trading.”
Wyndham Worldwide , a little-known hospitality company, comes out with its report, and Cramer bets that once again we’ll be blown away by how well their hotel chain and timeshare exchange business are doing. Shareholders have received a 35 percent return on the stock thanks to a handful of dividend boosts and stock buybacks. Cramer thinks WYN could get another run at 52-week highs.
Aerospace giant Boeing will either confirm or deny the claim that the aerospace cycle is peaking and the defense cycle is dying. Cramer thinks that like Honeywell CEO David Cote, Boeing will deny the claim. Plus, a defense wind-down has already been baked into the stock price, so there’s more reason to buy than sell.
Lastly, can Whole Foods keep it up? After the bell, Cramer believes the firm will prove once again that it’s the king of healthy eating and hopes the stock drops further to make the “post-quarter pop” that he’s expecting will be worth a trade.
Read on for Cramer's Complete 'Game Plan'
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When this story was published, Cramer's charitable trust owned Boeing.
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