With earnings season in full swing, "Mad Money" Jim Cramer is busy monitoring many quarterly reports. Here's what he plans to watch on Tuesday.
Goldman Sachs will deliver its earnings results before the open. For the first time, though, Cramer has “no idea” how the investment bank will do.
“It's become a total black bogoldx,” Cramer said. “My thinking, though, is that the company has grown so conservative that even if they report a good number, they will be less than enthusiastic when they explain the quarter on the conference call.”
If the financial institution doesn’t report some positive news, Cramer thinks it could be a down day for the banks.
Meanwhile, Johnson & Johnson will also announce its earnings results Tuesday morning. The maker of health care products won’t likely report anything positive, Cramer surmised. From defective products and recalls to lawsuits and fines, Cramer said CEO William Weldon has done a lot over the years to “tarnish” Johnson & Johnson’s “once fantastic reputation.”
Soft drink maker Coca-Cola is also scheduled to deliver earnings before Tuesday’s open. He considers it a “serial outperformer” that’s likely to provoke a lot of “good chatter.”
After the close, IBM will post its earnings results. Like Coke, Cramer thinks it’s an outperformer that’s likely to “light up the sky” with good news.
Speaking of technology,Intel is also scheduled to announce its quarterly numbers after the closing bell. Cramer thinks Wall Street will be “pleasantly surprised” with its results, which he suspects will indicate that personal computer sales have stabilized. It also boasts a server business that backs up the Web and a new chip that powers small personal computers.
Read on for Cramer's full "Game Plan."
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