Mad Money

Cramer’s Earnings Preview for Wednesday


Of the dozens of companies scheduled to report earnings on Wednesday, "Mad Money" host Jim Cramer plans to monitor four companies in particular.

To start, Cramer will look for quarterly results from Boeing before the market's open. The Chicago-based company is scheduled to release earnings at 7:30 a.m. ET, followed by an earnings conference call at 10:30 a.m. ET.

Cramer noted that while the aerospace industry is "red hot" right now, Boeing's stock has lagged lately. If Boeing mentions sluggish sales of its 787 Dreamliner, a long-range, mid-size wide-body, twin-engine jet airliner, then Cramer thinks its stock could drop to $70 a share. But if all is well, he thinks Boeing's stock could soar to the $76 or more.

Caterpillar will also deliver its earnings results at 7:30 a.m. ET, but the construction machinery maker will host its earnings conference call at 11 a.m. ET. To Cramer, construction in the United States seems to be picking up, even if things are seemingly slowing in China. Nevertheless, he thinks Caterpillar will likely have a good story to tell.

Wyndham Worldwide is also scheduled to release its quarterly numbers Wednesday morning with an earnings conference call scheduled for 8:30 a.m. ET. The Parsippany, N.J.-based company, which caters to value-conscious consumers with its Days Inn and Super 8 hotel brands, continues to blow away the numbers and it probably won’t disappoint this time either, Cramer said. This is a cheap stock that will probably go higher after it reports, he added.

After the market's close, Cramer will look for earnings from Cliffs Natural Resources. The Cleveland-based metals company recently raised its dividend, which tends to signal an upside surprise is coming. Cramer said there are a lot of bears in the name, though. It’s also involved in coal, which has been struggling lately. So Cramer thinks it will be a solid trade going into the quarter, but that’s about it for now.

Stocks to Watch

—Read on for Cramer's Earnings-Loaded 'Game Plan' for the remainder of the week

When this story was published, Cramer's charitable trust owned Boeing.

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