It’s time to use a small amount of money
Jim Kramer on Mad Money.
Scott Mlyn | CNBC
On Friday, CNBC’s Jim Kramer announced the biggest market events scheduled for next week’s holiday-shortened trading window.
“You have to admit the instability of the moment” now that the Federal Reserve has adopted a more aggressive monetary tightening plan, the Mad Money anchor said.
“You don’t want to be a hero here. You’ve probably raised some money already if you’ve watched the show or if you’re a member. [the CNBC Investing Club] … so it’s time to do a little bit on the way down when everyone’s nervous about the omicron when we arrive on Monday morning. “
Here’s what Kramer will be watching over the course of a four-session week. All estimates are taken from FactSet.
Monday: Profits from Micron and Nike.
- Results of the first quarter of 2022 after the call; conference call at 16:30 ET
- Projected earnings per share: $ 2.10.
- Projected revenue: $ 7.68 billion
“I think this is still a good buy because the constant demand for its chips remains unchanged,” Kramer said.
- Q2 2022 Results After Closing; conference call at 17:00 EET
- Projected earnings per share: 63 cents
- Projected Sales: $ 11.25 billion
Kramer said he believes Nike’s business in China will be sustainable, potentially making the company’s results better than expected. He added that he also takes a similar view of the aforementioned Micron.
“I would like to be more specific, but they have dropped and these are terrific opt-out candidates,” he said.
Tuesday: General Mills and BlackBerry earnings.
- Results of the second quarter of 2022 before the call; conference call at 9 am ET
- Projected earnings per share: $ 1.05.
- Projected revenue: $ 4.84 billion
“The street decided that Mills, as they call it, was the kind of stock to own here,” Kramer said, adding, “It has great franchises, including awesome home cereal that you can eat all day thanks to Covid. … … “
In particular, Kramer said that investors who believe the Federal Reserve will have to act even more aggressively than its recently released forecast should own General Mills. “If you believe Jay Powell will destroy the economy to save it – and I don’t believe – General Mills is your share,” he said.
- Results for the third quarter of 2022 after the close; conference call at 17:30
- Projected loss: A loss of 7 cents per share.
- Projected revenue: $ 174 million
BlackBerry is a meme exchange, Kramer reminded viewers and said the “meme guys” are always trying their best to get the stock soaring after the quarterly data was released.
“They just go to town and say, “He’s great and has all this intellectual property in it, so what the hell is Jim Kramer to belittle him?” … I’m the guy who doesn’t want to touch the Blackberry, that’s who. Why? Because it’s constantly disappointing. “
Wednesday: Income from CarMax, Cintas and Paychex.
- Results of the third quarter of 2022 before opening; conference call at 9 am ET
- Projected earnings per share: $ 1.46
- Projected Sales: $ 7.32 billion
Kramer said CarMax, like the other Wednesday reporting companies it highlights, are quality stocks. He said he still likes CarMax due to the ongoing shortage of used cars.
- Results of the second quarter of 2022 before the call; conference call at 10:00 am ET
- Projected earnings per share: $ 2.64
- Projected revenue: $ 1.9 billion
- Results of the second quarter of 2022 before the call; conference call at 9:30 am ET
- Projected earnings per share: 80 cents
- Projected revenue: $ 1.06 billion
Kramer said Paychex usually reports a stable quarter but still sees its stock “wiped out.” However, he said, it creates a shopping opportunity.
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