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CNBC's Jim Cramer on Friday urged investors to make careful, considered decisions regarding their portfolios when the new earnings season kicks off next week.
"It's a pivotal week. First of three. Be on your toes. Listen to the calls. Don't take any action unless you're certain. It's very hard to be certain about anything that's just reported," he said, reiterating some of his five rules for earnings season.
The highly anticipated earnings season will see the biggest companies in tech, retail and consumer goods report their quarterly financial results.Â
Cramer previewed the slate of quarterly reports. All estimates for earnings, revenue and economic data are courtesy of FactSet.
Tuesday: General Electric, 3M, Union Pacific, Microsoft
Q4 2022 earnings release at 6:30 a.m. ET; conference call at 8 a.m. ETProjected EPS: $1.15Projected revenue: $21.25 billionThe company should "show us why we would want to be in its energy division. That's the next spinoff after health care, but all we really want is the booming aerospace business," he said.
Q4 2022 earnings release at 6:30 a.m. ET; conference call at 9 a.m. ETProjected EPS: $2.37Projected revenue: $8.04 billionCramer said that 3M's roughly 5% dividend yield isn't enough, considering the litigation risk from lawsuits against the company.
Q4 2022 earnings release at 7:45 a.m. ET; conference call at 8:45 a.m. ETProjected EPS: $2.78Projected revenue: $6.31 billionThe company's earnings call should give insight into the state of American commerce, Cramer said.
Q2 2023 earnings release at 4:05 p.m. ET; conference call at 5:30 p.m. ETProjected EPS: $2.30Projected revenue: $53.13 billionInvestors will "learn whether those layoffs Microsoft announced this week are grounded in disappointment or prudence," he said.
Wednesday: Boeing, IBM, ServiceNow
Q4 2022 earnings release at 7:30 a.m. ET; conference call at 10:30 a.m. ETProjected EPS: 22 centsProjected revenue: $20.24 billionCramer said he expects a solid quarter from the company.
Q4 2022 earnings release at 4:08 p.m. ET; conference call at 5 p.m. ETProjected EPS: $3.59Projected revenue: $16.13 billionHe said he likes the stock going into the quarter because it's a defensive play with a strong 4.7% yield.
Q4 2022 earnings release at 4:10 p.m. ET; conference call at 5 p.m. ETProjected EPS: $2.02Projected revenue: $1.94 billionThe earnings call will show whether beaten-down enterprise software stocks will find a reprieve this year, he said.
Thursday: Dow, Southwest Airlines
Q4 2022 earnings release at 6 a.m. ET; conference call at 8 a.m. ETProjected EPS: 58 centsProjected revenue: $12.05 billionCramer said the company's stock "seems like a buy."
Q4 2022 earnings release at 6:30 a.m. ET; conference call at 12:30 p.m. ETProjected loss: 7 cents per shareProjected revenue: $6.22 billionThe company is no longer one of the best-run airlines, he said.
Friday: American Express
Q4 2022 earnings release at 7 a.m. ET; conference call at 8:30 a.m. ETProjected EPS: $2.23Projected revenue: $14.23 billion"American Express is a terrific 'life-is-too-short' play," he said.
Disclaimer: Cramer's Charitable Trust owns shares of Microsoft.
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