Strong profits can help the market overcome a historically difficult period

CNBC’s Jim Kramer on Friday anticipated key market events next week after the S&P 500 rallied for the seventh straight day to close at a record high of 4697.53.
“We need to see if these rosy events continue until next week, a period that has historically tended to lead to ugly selloffs … But if profits stay high, well, I think the stock market could stay strong, too,” said Kramer.
Here’s what the “Mad Money” host will keep a close eye on. All revenue and earnings per share estimates are from FactSet.
Jim Cramer’s game plan for the trading week of November 8th.
Mad Money with Jim Kramer
Monday: Income from PayPal and AMC Entertainment; events from AMD and Nvidia
- Profit for the 3rd quarter after the call; conference call at 17:00 ET on Monday
- Projected earnings per share: $ 1.07.
- Projected revenue: $ 6.23 billion
Kramer said owning PayPal for his charitable foundation has so far been a “disaster” as the company’s shares went bankrupt recently. “Dan Shulman, CEO, has already warned us that this will be a tough quarter due to the final separation of PayPal from eBay, but it has already dropped more than 80 points, which seems excessive to me,” Kramer said.
AMC Entertainment
- Third Quarter Results After Closing; conference call at 17:00 ET on Monday
- Projected EPS: 53 cents loss
- Projected revenue: $ 708 million
It is difficult to assess AMC right now, according to Kramer, as it is a meme-share owned by a group of very passionate retail investors. “I bet CEO Adam Aron will do a great job with this and individual investors will buy even more so the stock will hold because he knows how to give his shareholders what they want,” he said.
AMD
- The Accelerated Data Center premieres on Monday, 11:00 am ET
Kramer said he expects AMD CEO Lisa Su to tell a great story at Monday’s event. “I think AMD is steadily moving towards outshining Intel in terms of market cap … How the strongest fell,” he said.
Nvidia
- The semiconductor company’s annual GPU technology conference, Monday through Thursday.
“Be prepared to be blinded,” Kramer said.
Tuesday: Wynn Resorts, Upstart Holdings, Coinbase and DoorDash
- Third quarter results after the call; conference call at 4:30 pm ET on Tuesday
- Projected EPS: $ 1.36 loss.
- Projected revenue: $ 943 million
Kramer said he is at Wynn Resorts for a long time, believing that “stocks will skyrocket” once the Macau Gaming Center business starts to grow. “Until then, pain,” he said.
Upstart Holdings
- Third Quarter Results After Closing; conference call at 4:30 pm ET on Tuesday
- Projected earnings per share: 33 cents
- Projected revenue: US $ 214.9 million.
A fintech firm that is using artificial intelligence to modernize its lending process has just been hired by Wells Fargo, Cramer said. “I hope they understand what’s going on on the teleconference because I really still don’t understand exactly how they do what they do.”
Coinbase
- Third quarter results after the call; conference call at 5:30 pm ET on Tuesday
- Projected earnings per share: $ 1.73.
- Projected revenue: $ 1.57 billion
“The performance of crypto has been pretty exciting lately, so this should keep Coinbase up even as it grows. However, they need to drop arrogance. They have to go into cooling mode, ”said Kramer.
DoorDash
- Third Quarter Results After Closing; conference call at 17:00 ET on Tuesday
- Projected earnings per share: 10 cent loss
- Projected revenue: $ 9.96 billion
The strength of Uber’s food delivery business in the third quarter could be a harbinger of strong results for DoorDash, Kramer said, suggesting the company could “blow doors open.”
Wednesday: Wendy’s meeting, Dutch Bros, Walt Disney Co. and Mastercard.
- Third quarter results before the call; conference call at 8:30 am ET Wednesday
- Projected earnings per share: 18 cents
- Projected revenue: $ 471 million
Kramer said he hoped that Wendy’s, which he called his favorite fast food chain, would be able to report figures on par with the latest McDonald’s results.
Dutch brothers
- Third Quarter Results After Closing; conference call at 5:00 pm ET Wednesday
- Projected earnings per share: 6 cents
- Projected revenue: $ 125.2 million
The Oregon-based network turned out to be one of the hottest initial public offerings of the year, Cramer said. “It’s an amazing story of growth from regional to national,” he said, but suggested he still had some concerns about the stock’s valuation.
Walt Disney Co.
- Fourth Quarter Results; conference call at 4:30 pm ET Wednesday
- Projected earnings per share: 52 cents
- Projected revenue: $ 18.8 billion
Kramer said Disney’s report could be “rough.” He noted that some of his theme parks are underutilized and that his film list is “good but not great.” Meanwhile, its flagship streaming service, Disney +, is also “looking to slow down,” he said.
Mastercard
- The investor meeting will begin at 8:30 am ET Wednesday.
While the company’s stock has plummeted recently, Kramer said it is important to keep in mind the benefits Mastercard has on consumer spending and, most importantly now, resuming cross-border travel.
Thursday: Tapestry and Yeti
- FY2022 First Quarter Results Before Call; conference call at 8:00 am ET Thursday
- Projected earnings per share: 70 cents
- Projected Revenue: $ 1.44 billion
Kramer said any positive news from parent company Coach and Kate Spade should help push the stock to a new 52-week high above $ 49.66 a share. The shares closed at $ 42.51 on Friday.
- Profit for the 3rd quarter before opening; conference call at 8:00 am ET Thursday
- Projected earnings per share: 60 cents
- Projected revenue: $ 358 million
Kramer said he believes the company, known for its insulated mugs and refrigerators, is more than a winner of the pandemic.
Friday: AstraZeneca and Warby Parker
- Profit 3 quarter before the call; conference call at 7:45 am ET on Friday
- Projected earnings per share: £ 92.54.
- Projected revenue: £ 7.04 billion.
Of the companies that have developed Covid vaccines, Kramer believes there is “better fish for frying” than AstraZeneca.
Warby Parker
- Third quarter results before opening; conference call at 8:00 am ET Friday
- CNBC
- Projected revenue: US $ 133.1 million.
Kramer said he wants to learn more about Warby Parker in the eyewear maker’s first quarterly reports as a public company.
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