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COVID Market Fears Are Shopping Opportunities

CNBC’s Jim Cramer on Friday released corporate income statements, which will be released in accordance with the revised trading schedule next week.

The comments by the Mad Money host followed a mixed session on Wall Street, with the Dow Jones Industrial Average and the S&P 500 in the red as investors around the world reacted to new coronavirus restrictions in some European countries. The tech Nasdaq is up 0.4%.

“Ever since the Delta option came along, all this Covid scare has turned into a buying opportunity … although at this point, few seem to be aware of it,” Kramer said.

Here’s what Kramer is seeing next week. US markets are closed on Thanksgiving Thursday and a shortened session on Friday. All revenue and earnings per share estimates are from FactSet.

Monday: Zoom Video Communications

Zoom Video Communications

  • Third quarter results after the call; conference call at 17:00 ET on Monday
  • Projected earnings per share: $ 1.09.
  • Projected revenue: $ 1.02 billion

According to Kramer, Zoom Video is no longer the hot commodity it was in the early days of the Covid pandemic, but it has been tough last year.

“After this relentless downturn, I’m starting to wonder if there’s a real shopping opportunity here? This is definitely a terrific roadblock if you’re worried that Covid won’t go away. Let’s hear what they have to say when Zoom reports on Monday night, “Kramer said. They have a lot of money. They have a lot of options, a lot of options. We’ll make a judgment.”

Tuesday: Dick’s Sporting Goods, Best Buy, Analog Devices, Dollar Tree, Dell Technologies and HP

Dick’s sporting goods

  • Third quarter results before the call; conference call at 10:00 am ET on Tuesday
  • Projected earnings per share: $ 2.04.
  • Projected revenue: $ 2.5 billion

Best buy

  • Third quarter results before opening; conference call at 8:00 am ET on Tuesday
  • Projected earnings per share: $ 1.94
  • Projected Sales: $ 11.62 billion

“I bet Dick’s Sporting Goods and Best Buy have great stories and they won’t scare you with stories of supply chain woes,” Kramer said.

Dollar tree

  • Third quarter results before opening; conference call at 9am ET on Tuesday
  • Projected earnings per share: 96 cents
  • Projected revenue: $ 6.41 billion

“We know Dollar Tree is under siege by an activist hedge fund that wants them to generate better numbers. Although, it is possible that the leadership is already changing the situation. We’ll know when they report it on Tuesday morning, ”he said.

Analog Devices

  • Fourth Quarter Results Before Call; conference call at 10:00 am ET on Tuesday
  • Projected earnings per share: $ 1.70.
  • Projected revenue: $ 2.26 billion

“We need to hear what Analog Devices, one of the greatest IoT companies in this era, has to say about [semiconductor] a lack of. I think ADI is now taking the place of the feline bird, Kramer said.

Dell Technologies

  • Third quarter results after the call; conference call at 5:30 pm ET on Tuesday
  • Projected earnings per share: $ 2.30.
  • Projected Sales: $ 27.37 billion

HP

  • Fourth quarter results after the call; conference call at 4:30 pm ET on Tuesday
  • Projected earnings per share: 88 cents
  • Projected revenue: $ 15.39 billion

Kramer said both Dell and HP continue to “release a large number of products, even though they don’t get much, shall we say, praise and fanfare.” He added: “I expect both of them to perform well as usual, while continuing to return a lot of money to their shareholders.

Wednesday: orders for durable goods.

“Wednesday marks the unofficial start of Thanksgiving, and most companies know it’s best not to report on that day. But the government is not stopping and we are getting orders for durable goods that can show you that there is no slowdown in this economy, ”Kramer said.

Thursday: closed

Friday: NYSE and Nasdaq close at 1:00 pm ET.


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