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Stocks may be subject to greater penalties

CNBC’s Jim Kramer said on Friday that market events next week may indicate signs of a rally in late December after a highly volatile week in which many small tech stocks plummeted amid growing investor concerns over the omicron Covid option.

“I think we might face even more punishment because the scores have gotten out of hand, but given the crushing blows we’ve seen so far, there is reason to believe we’re getting closer and closer to the light at the end. tunnel, ”Kramer said.

Here’s what the Mad Money host will be watching over the next week. All earnings and EPS estimates are from FactSet.

Monday: MongoDB and Coupa Software

MongoDB

  • Publication of the results for the 3rd quarter of 2022 after the call; conference call at 17:00
  • Projected loss: A loss of 38 cents per share.
  • Projected revenue: $ 205.3 million

Coupa software

  • Publication of the results for the 3rd quarter of 2022 after the call; conference call at 16:30
  • Projected earnings per share: 3 cents
  • Projected revenue: $ 178.3 million

Kramer said tech companies MongoDB and Coupa Software have recently been “crushed” as money managers dump risky stocks in search of safer bets amid concerns over the omicron. “MongoDB and Coupa are also in an unenviable position to report right after what will undoubtedly be one of the most important days off when we hear about the omicron variant,” Kramer said.

Tuesday: SentinelOne, Toll Brothers and Stitch Fix

Wednesday: UiPath, Campbell Soup, RH and GameStop.

Thursday: Broadcom, Costco, Hormel, Lululemon and Chewy.

Friday: Centene




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