Sell ​​some shares in this bull market

CNBC’s Jim Cramer on Friday advised investors to test some of their positions to take advantage of the bull market.

“I don’t know if we can continue the bizarre bullish behavior this week, but it’s worth staying and … you can cut back a little on the stock that you have had a lot of gains,” he said.

Stocks fell on Friday after a strong January jobs report renewed fears that the Federal Reserve will continue to raise interest rates. The S&P 500 and Nasdaq Composite were still able to end the week on a positive note, while the technology index posted its fifth consecutive profitable week.

Cramer also reviewed next week’s earnings report. All income, earnings and economic data estimates are provided by FactSet.

Monday: Tyson Foods, Simon Property Group

Tyson Foods

• 2023 Q1 Earnings at 7:30 AM ET; conference call at 9 am ET
• Projected earnings per share: $1.31.
• Projected revenue: $13.51 billion.

Cramer said the conference call should provide insight into the state of food inflation at grocery stores.

Simon Property Group

• 2022 Q4 Earnings at 4:05 pm ET; conference call at 5:00 pm ET
• Projected earnings per share: $3.15.
• Projected revenue: $1.29 billion.

“They can pull the rabbit out of the hat,” despite hard times for office real estate companies, he said.

Tuesday: Chipotle Mexican Grill, Enphase Energy

Chipotle Mexican Grill

• 2022 Q4 Earnings at 4:10 pm ET; Conference call at 4:30 pm ET
• Projected earnings per share: $8.91.
• Projected revenue: $2.23 billion.

Cramer said he expects the quarter to be phenomenal given the company’s plan to hire 15,000 restaurant workers ahead of busy spring months.

enphase energy

• 2022 Q4 earnings at 4:05 pm ET; Conference call at 4:30 pm ET
• Projected earnings per share: $1.27.
• Projected income: $707 million.

“I always say the same thing: if you believe that solar power can be even bigger than it is now, then Enphase stock is what you need,” he said.

Wednesday: CVS Health, Disney

FAC Health

• 2022 Q4 Earnings at 6:30 AM ET; conference call at 8am ET
• Projected earnings per share: $1.92.
• Projected revenue: $76.33 billion.

Cramer said he was curious as to why the company’s stock became “a real woof-wow.”

Disney

• 2023 Q1 earnings report at 4:05 pm ET; Conference call at 4:30 pm ET
• Projected earnings per share: 79 cents.
• Projected revenue: $23.44 billion.

He predicted that Disney’s performance would improve once CEO Bob Iger took over the company again.

Thursday: PepsiCo, PayPal

PepsiCo

• 2022 Q4 Earnings at 6:00 AM ET; Conference call at 8:15 am ET
• Projected earnings per share: $1.65.
• Projected revenue: $26.84 billion.

“Actually, I think they will present good results on Thursday, but if we have a growth hangover, it may not matter to the market,” he said.

PayPal

• 2022 Q4 Earnings at 4:15 pm ET; conference call at 5:00 pm ET
• Projected earnings per share: $1.20.
• Projected revenue: $7.39 billion

“Who needs PayPal when Apple Pay is built into your phone?” He said.

Friday: Enbridge, Newell Brands

Enbridge

• Q4 2022 earnings report before first call; Conference call at 9 am ET
• Projected earnings per share: 54 cents.
• Projected revenue: $10 billion

Cramer said he wanted to hear the company talk about where the price of natural gas is heading.

Newell Brands

• 2022 Q4 Earnings at 6:00 AM ET; Conference call at 8:30 AM ET
• Projected earnings per share: 11 cents.
• Projected revenue: $2.23 billion.

The company has taken a “convincing” turnaround, according to Kramer.

Disclaimer: Cramer’s Charitable Trust holds shares in Apple and Disney.