Take a look at some of the biggest movers in the premarket:
Take-Two Interactive (TTWO) – Take-Two tanked 17.4% in the premarket after the videogame publisher cut its bookings outlook for the year. Take-Two has been impacted by weaker mobile and in-game sales, although CEO Strauss Zelnick said the situation should improve within the next three to six months.
Lyft (LYFT) – Lyft sank 17.3% in premarket action after its latest quarterly report showed slowing revenue growth and ridership levels that remain below pre-pandemic levels. The ride-hailing service did, however, report better-than-expected earnings for its latest quarter.
TripAdvisor (TRIP) – TripAdvisor shares plummeted 20.8% in premarket trading after the travel website operator’s quarterly earnings came in below Wall Street forecasts. TripAdvisor said currency fluctuations had a meaningful negative impact on revenue and that travel demand remains strong.
Lordstown Motors (RIDE) – Lordstown shares rallied 14.6% in the premarket following news that contract manufacturer Foxconn will invest up to $170 million in the electric vehicle maker and become its largest shareholder.
DuPont (DD) – DuPont rallied 3.7% in the premarket after the industrial materials maker beat top and bottom line estimates for the third quarter. DuPont’s upbeat results came despite higher costs for raw materials and energy.
Coty (COTY) – The cosmetics company reported earnings that matched Wall Street estimates, with revenue slightly above analysts’ forecasts. Demand for Coty’s products held up despite higher prices, although it did take a hit from a stronger U.S. dollar. Coty rallied 3.2% in premarket trading.
Planet Fitness (PLNT) – The fitness center operator’s stock surged 7.1% in the premarket after its quarterly revenue and profit beat Wall Street estimates and it raised its full-year forecast. Its membership reached record highs during the quarter, with members visiting more frequently.
Perrigo (PRGO) – The over-the-counter drug and health products maker fell short on both the top and bottom lines for its latest quarter, and it also lowered its full-year forecast. Labor shortages and a stronger U.S. dollar were among the factors weighing on Perrigo’s results. Its stock slid 3.2% in premarket trading.
Qiagen (QGEN) – Qiagen gained 3.4% in premarket trading after the biotech company raised its full-year outlook, pointing to particular strength in its non-Covid product portfolio.
Medtronic (MDT) – Medtronic fell 5.5% in premarket action following the release of study results involving a device aimed at tough-to-treat hypertension. The device did reduce blood pressure in patients, but only slightly more than medications to treat the ailment.
CNBC’s Jim Cramer on Friday offered viewers his game plan for the next five trading days on Wall Street.
The “Mad Money” host’s lookahead came after the S&P 500 and Nasdaq Composite posted their best weeks so far in 2022, finishing 1.5% and 2.4% higher, respectively.
“This week we saw the true colors of what is a treacherous market,” the “Mad Money” host said. If investors love a stock, there’s “no level it won’t be taken up to,” he said. “But if it’s hated? There are no depths it won’t sink to. Either way … it’s likely to be an extreme.”
All revenue and earnings per share estimates are from FactSet.
Monday: Tyson Foods, Two-Take Interactive and Simon Property Group
Tyson Foods
Q1 earnings release before the bell; conference call at 9 a.m. ET
Projected EPS: $1.93
Projected revenue: $12.17 billion
Cramer said the company’s quarter should provide insights into the country’s meat supply chain, which has experienced a host of challenges during the Covid pandemic.
Take-Two Interactive
Q3 earnings release after the close; conference call at 4:30 p.m. ET
Projected EPS: $1.12
Projected sales: $868 million
Take-Two’s quarter will provide a glimpse into how much of the pandemic-related surge in gaming has stuck around, Cramer said. “[CEO] Strauss Zelnick is the straightest of straight shooters. If demand is waning, he’s just going to say it.”
Simon Property Group
Q4 earnings release after the bell; conference call at 5 p.m.
Projected EPS: $2.89
Projected revenue: $1.25 billion
Tuesday: Centene, Pfizer, Chipotle, DuPont and Peloton
Centene
Q4 earnings before the open; conference call at 8:30 a.m. ET
Projected EPS: 98 cents
Projected revenue: $32.5 billion
“I think it’s a takeover target and I bet we’ll get a very good quarter,” Cramer said of the health insurer.
Pfizer
Q4 earnings before the bell; conference call at 10 a.m. ET
Projected EPS: 87 cents
Projected sales: $24.16 billion
Cramer also said he expects very good numbers from Pfizer.
DuPont
Q4 earnings before the open; conference call at 8 a.m. ET
Projected EPS: 99 cents
Projected revenue: $4.02 billion
“The great industrials have had a real up and down time in this market and I fear this could be DuPont’s down time, which is why we finally decided to ring the register for a terrific profit for the charitable trust,” Cramer said.
Chipotle
Q4 earnings after the close; conference call at 4:30 p.m. ET
Projected EPS: $5.25
Projected sales: $1.96 billion
Cramer said Chipotle’s quarter is the one he’s most interested in Tuesday. “I think it could do low double-digit same-store sales versus last year’s already excellent numbers and that should cause the stock to ignite,” he said. “Raw costs are always a problem in the business, though.”
Peloton
Q2 earnings after the close; conference call at 5 p.m. ET
Projected EPS: Loss of $1.22
Projected revenue: $1.14 billion
Cramer said he’s looking for a host of updates from Peloton’s management after the exercise equipment maker’s stock has been pummeled in recent months. One topic that is likely to come up is The Wall Street Journal’s report Friday that Amazon has approached Peloton about a potential deal, Cramer said.
Wednesday: CVS Health, PepsiCo, Disney and Mattel
CVS Health
Q4 earnings release before the bell; conference call at 8 a.m. ET
Projected EPS: $1.83
Projected sales: $75.66 billion
“I expect a very good quarter from CVS [because of] Covid testing, but what happens next?” Cramer said. “Have they monetized the vaccination seekers? That would take it to the next level.”
PepsiCo
Q4 earnings release before the open; conference call at 8:15 a.m. ET
Projected EPS: $1.52
Projected revenue: $24.24 billion
Cramer said he was surprised the beverage giant’s stock fell 1.6% Friday, suggesting he’d pick up some shares ahead of the quarterly print.
Disney
Q1 earnings release after the close; conference call at 4:30 p.m. ET
Projected EPS: 73 cents
Projected revenue: $20.27 billion
Cramer said he thinks the media and entertainment giant does not get enough credit for the value of its intellectual property. “This isn’t Netflix. It isn’t Facebook. It’s a one-of-a-kind growth vehicle. It is not stagnant. It is not dead, and that’s why I’d like to build a bigger position ahead of the quarter for my trust,” he said.
Mattel
Q4 earnings release after the close; conference call at 5 p.m. ET
Projected EPS: 33 cents
Projected revenue: $1.66 billion
“I think there could be a whole new slate of toys and entertainment from CEO Ynon Kreiz, who’s been a turnaround whizz,” Cramer said.
Thursday: Coca-Cola, Twitter, Cloudflare and Zendesk
Coca-Cola
Q4 earnings release before the bell; conference call at 8:30 a.m. ET
Projected EPS: 41 cents
Projected revenue: $8.98 billion
While Cramer said he expects a good quarter from Coca-Cola, he specifically mentioned looking for updates on the beverage maker’s partnership with Molson Coors on a Topo Chico hard seltzer. “I think this is the next big spiked [beverage],” Cramer said.
Twitter
Q4 earnings release before the bell; conference call at 8 a.m. ET
Projected EPS: 33 cents
Projected revenue: $1.58 billion
It’s unclear whether Twitter’s digital ad business faces challenges like Facebook parent Meta or is growing just fine like Amazon or Alphabet, Cramer said. “I think we’ll find out that it remains the same old plodding Twitter when it reports—a company that has nothing we truly want to pay up for,” Cramer said.
Cloudflare
Q4 earnings after the close; conference call at 5 p.m. ET
Projected EPS: 0 cents
Projected revenue: $185 million
Cramer said he’s anticipating “great numbers” from the cybersecurity firm, but “I don’t expect anyone to care” because the stock is out of favor on Wall Street.
Zendesk
Q4 earnings after the bell; conference call at 5 p.m. ET
Projected EPS: 18 cents
Projected sales: $371 million
Cramer said he’s keeping an eye out for an update on Zendesk’s pursuit of Momentive Global, a deal which activist investor Jana Partners has urged Zendesk to drop.
Friday: Under Armour, Cleveland-Cliffs and Goodyear Tire & Rubber
Under Armour
Q4 earnings release before the open; conference call at 8:30 a.m. ET
Projected EPS: 6 cents
Projected sales: $1.47 billion
“There’s lots of good buzz about this one, so much that I think it’s actually a terrific speculation going into the quarter. We keep hearing about a potential turnaround, maybe this time it’s going to happen,” Cramer said.
Cleveland-Cliffs
Q4 earnings before the bell; conference call at 10 a.m. ET
Projected EPS: $2.15
Projected revenue: $5.73 billion
“I’m betting actually that Cleveland-Cliffs will do a decent number,” Cramer said, complimenting the company’s management and improved balance sheet.
Goodyear Tire & Rubber
Q4 earnings before the open; conference call at 9 a.m. ET
Projected EPS: 32 cents
Projected sales: $5.01 billion
“I think that Goodyear will positively dazzle,” Cramer said.
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CNBC’s Jim Cramer on Friday looked ahead to next week’s of earnings reports, detailing for investors his key market events to keep an eye on.
The “Mad Money” host’s comments came after all three major U.S. equity indexes closed at record highs Friday, despite disappointing quarterly results a day earlier from market heavyweights Amazon and Apple.
All revenue and per-share earnings projections are based on FactSet estimates:
Mad Money with Jim Cramer
Monday: ON Semiconductor, NXP Semiconductors, Diamondback Energy and Clorox
On Semiconductor
Q3 results before the bell; conference call at 9 a.m. ET Monday
Projected EPS: 74 cents
Projected sales: $1.7 billion
NXP Semiconductors
Q3 results; conference call at 8 a.m. ET Tuesday
Projected EPS: $2.75
Projected sales: $ 2.85 billion
Both companies’ earnings will offer “a read on one of the biggest stories in this market, and that’s the semiconductor shortage,” Cramer said. “They do a lot of auto semis, and they’ve got exposure to many of the others areas where there are the biggest bottlenecks.”
Diamondback Energy
Q3 results after the close; conference call at 9 a.m. ET Tuesday
Projected EPS: $2.79
Projected revenue: $1.54 billion
Clorox
Q1 2022 results after the bell; conference call at 5:30 p.m. ET Monday
Projected EPS: $1.03
Projected revenue: $1.7 billion
“I hope for the best, but I am preparing for the worst,” Cramer said, noting the household products maker may not be able to pass through all of its higher commodity costs, possibly hurting margins.
Q1 2022 results before the open; conference call at 9:30 a.m. ET Tuesday
Projected EPS: $1.70
Projected sales: $4.25 billion
DuPont
Q3 results before the bell; conference call at 8 a.m. ET Tuesday
Projected EPS: $1.12
Projected sales: $4.16 billion
Cramer’s charitable trust owns both Estee Lauder and DuPont. “I don’t expect them to have superb quarters. Fortunately, the expectations are low, though, so it won’t take much to produce an upside surprise that moves the stocks up,” he said.
Pfizer
Q3 results before the open; conference call at 10 a.m. ET
Projected EPS: $1.08
Projected revenue: $22.58 billion
“Unlike Moderna, Pfizer’s a lot more complicated than just a Covid vaccine story. See, they’re facing what’s known as a patent cliff next year,” Cramer said. “We need to know if the boosters, which cost a lot of money, … are going to cover the patent cliff.”
BP
Q3 results before the bell; conference call at 5 a.m. ET Tuesday
Projected EPS: £ 10.83
Projected revenue: £29.06 billion
Devon Energy
Q3 results after the close; conference call at 11 a.m. ET Wednesday
Projected EPS: 93 cents
Projected sales: $3.23 billion
T-Mobile
Q3 results after the close; conference call at 4:30 p.m. ET Tuesday
Projected EPS: 48 cents
Projected revenue: $20.22 billion
“The [telecommunications] industry has got a clear pecking order: T-Mobile for growth, Verizon for the dividend, and AT&T for nothing. Let’s see how many subscribers T-Mobile has been able to steal from its rivals when they report,” Cramer sad.
Zillow
Q3 after the close; conference call at 5 a.m. ET Tuesday
Projected EPS: 16 cents
Projected revenue: $2 billion
“They had to put the real estate flipping business on pause because the economics turned out against them, but what does that really mean? We’re going to find out on Tuesday,” Cramer said.
Q3 results before the bell; conference call at 8 a.m. ET Wednesday
Projected EPS: $1.79
Projected revenue: $70.5 billion
“This stock’s been on a roll, bolstered by Covid vaccines and superior execution, at least compared to arch-rival Walgreens. I don’t know if it can continue now that the pandemic’s winding down, but remember that CVS also has a huge health insurance business,” Cramer said.
Humana
Q3 results before the open; conference call at 9 a.m. ET Wednesday
Projected EPS: $4.66
Projected revenue: $20.9 billion
Cramer said he expects the health insurer’s numbers to be even better than rivals Centene and UnitedHealth Group.
Marriott International
Q3 results before the bell; conference call at 8:30 a.m. ET Wednesday
Projected EPS: 99 cents
Projected sales: $3.71 billion
Wynn Resorts
Q3 results after the close
Projected EPS: Loss of $1.36
Projected revenue: $943 million
Cramer said he expects Marriott International to have a better story to tell about the hospitality recovery compared to Wynn Resorts, which his charitable trust owns. He said that’s because of Wynn Resorts’ exposure to the gaming hub of Macau.
Qualcomm
Q4 results after the close; conference call at 4:45 p.m. ET Wednesday
Projected EPS: $2.26
Projected revenue: $8.85 billion
“They’ll give us more insight into the cellphone market, but I bet that can’t be that positive, either,” Cramer said, alluding to the chip crunch.
Etsy
Q3 results after the close; conference call at 5 p.m. ET Wednesday
Projected EPS: 55 cents
Projected revenue: $519 million
“I bet CEO Josh Silverman will have a lot of good to say about his e-commerce platform for handicrafts—should make a nice contrast to Amazon’s disappointing quarter,” Cramer said.
Thursday: Uber, Skyworks Solutions, Peloton and Square
Uber
Q3 results after the close; conference call 5 p.m. ET Thursday
Projected EPS: Loss of 34 cents
Projected revenue: $4.41 billion
“I think Uber can deliver, but the stock’s been kept down by persistent sellers, so even a good quarter might not matter, at least not until these weak hands finish dumping their shares,” Cramer said.
Skyworks Solutions
Q4 results after the bell; conference call at 4:30 p.m. ET Thursday
Projected EPS: $2.55
Projected sales: $1.3 billion
“Maybe they give us some insight into when the chip shortage nightmare can come to an end,” Cramer said.
Peloton
Q1 2022 results after the close; conference call at 5 p.m. ET Thursday
Projected EPS: Loss of $1.10
Projected sales: $809 million
The fitness equipment maker was a major pandemic winner, but the stock has struggled to gain traction since investors shifted toward reopening plays, Cramer said. “I think they’ve got their work cut out for them.”
Square
Q3 results after the close; conference call at 5 p.m. ET Thursday
Projected EPS: 37 cents
Projected revenue: $4.38 billion
“I’m betting their mojo will be absent for now, mojo being a technical term on Wall Street for the massive love a stock gets after a monster beat and raise quarter,” Cramer said.
Friday: Enbridge and October nonfarm payrolls
Enbridge
Q3 results before the bell; conference call at 9 a.m. ET Friday
Projected EPS: 57 cents
Projected revenue: $9.62 billion
Cramer said he likes the company’s dividend payment. “Plus, we have a real shortage of energy infrastructure, so I bet business is good,” Cramer said.
The Labor Department’s report on nonfarm payrolls for the month of October is out at 8:30 a.m. Friday, but Cramer cautioned the recent monthly reports have been “all over the map right now,” making their appearance “seem deceiving.”