Own solid names and get paid to race the market

CNBC’s Jim Cramer said on Friday that keeping the current market going is a game of waiting for a rally, and investors should be prepared for when that happens.

“Your portfolio should be divided between some cash and some stocks that can thrive in a recession… You have to accept the fact that we are just trying to stay in the game until times get better,” the Mad Money host said. .

“But when we reach the promised land, it’s worth it, because that’s when the shares come back with a roar,” he added.

The market ended a bumpy trading week on Friday. While the market rallied on Wednesday afternoon following the Federal Reserve’s decision to raise interest rates by 50 basis points, losses on Thursday and Friday wiped out those gains. The basis point is 0.01%.

Cramer said he will be keeping an eye on the April CPI next week. “If we get a weaker CPI, the market could go up,” he said.

He also announced next week’s earnings report. All earnings and earnings estimates are provided by FactSet.

Monday: Tyson Foods, BioNTech

Tyson Foods

• 2022 second quarter earnings report before bell; conference call at 9 am ET
• Projected earnings per share: $1.89.
• Projected revenue: $12.84 billion.

Cramer said he was looking forward to any news indicating that food prices are on the decline.

BioNTek

• 1st quarter 2022 earnings report before the call; conference call at 8am ET
• Projected earnings per share: $9.65.
• Projected revenue: $4.57 billion.

Cramer said it would be helpful to get an idea of ​​any developments regarding China’s Covid-19 vaccination plans.

Tuesday: Peloton, Roblox, Real Real

peloton

• Q3 2022 earnings report before the call; Conference call at 8:30 AM ET
• Projected loss: 84 cents per share
• Projected revenue: $969 million.

“I bet we’ll end up seeing some kind of WeCrashed-like Peloton series – if not Dropouts – and I’m wondering who will write the script first,” the Mad Money host said, referring to television dramas detailing scandals at WeWork and Theranos, respectively.

Roblox

• 1Q 2022 Earnings Statement after close; Conference Call Wednesday at 8:30 AM ET
• Projected loss: 23 cents per share
• Projected sales: $659 million.

“Fantastic company, bad promotions… We keep in the box to keep all things [metaverse] belong right now,” Kramer said.

real real

• 1Q 2022 Earnings Statement after close; conference call at 5:00 pm ET
• Projected loss: 54 cents per share
• Projected income: $136 million.

Cramer said he didn’t understand why the stock fell.

Wednesday: Wendy, Rivian

Wendy

• Q1 2022 before call; Conference call at 8:30 AM ET
• Projected earnings per share: 18 cents.
• Projected income: $497 million.

Kramer said he’s interested to know if the company is having staffing issues at its restaurants, like others in the industry.

Rivian

• 1Q 2022 Earnings Statement after close; conference call at 5:00 pm ET
• Projected loss: $1.41 per share
• Projected income: $133 million.

Kramer said he wanted to know if Rivian would let Ford sell its stake in the electric car maker.

Thursday: Toast, Poshmark

Toast

• 1Q 2022 Earnings Statement after close; conference call at 5:00 pm ET
• Projected loss: 13 cents per share
• Projected income: $487 million.

Kramer said he was “against toasting” because there were too many players in the restaurant management business.

posh

• 1Q 2022 Earnings Statement after close; Conference call at 4:45 pm ET
• Projected loss: 25 cents per share
• Projected revenue: $87.6 million.

Cramer said he would tune in to hear about the company, which he said hurt investors who bought its shares.

Disclosure: Cramer’s Charitable Trust owns stock in Ford.