Retail giants report earnings, stay away from “toxic” stocks.

CNBC’s Jim Cramer said Friday he is breathing a sigh of relief as falling stocks “have taken enough hits already,” allowing investors to trade in a safer environment next week, although they have yet to proceed with caution.

“When we have been beaten at these levels, we reach a point where stocks that would normally have been clubbed have already taken enough hits and that alone has allowed them to have at least a short bounce of coverage, which is what they may have been today. ,” the “crazy money“said the host.

“A lot of actions have finally gotten to the point where it’s safe to be constructive, as long as you stay away from the more toxic areas, so I’m breathing a sigh of relief here,” he added.

The shares have risen on Fridays to wrap up a week of volatile trading, with the Dow Jones Industrial Average gaining 1.47% while the S&P 500 rose 2.39%. The Nasdaq Composite was up 3.82%.

Cramer noted that he is awaiting comments from St. Louis Federal Reserve Chairman James Bullard on inflation next week.

“He’s the hawk of a hawk – he’s also my type of hawk. Bullard knows it will only be harder to break the inflation cycle if the Fed doesn’t act decisively right now,” Cramer said.

It also premiered next week’s earnings list. All earnings and revenue estimates are courtesy of FactSet.

Monday: Weber, Warby Parker

weaver

  • Second quarter 2022 earnings release before the bell; conference call at 8:30 am ET
  • Expected EPS: 18 cents
  • Project revenue: $ 659 million

Warby Parker

  • First quarter 2022 earnings release before the bell; conference call at 8:00 am ET
  • Expected EPS: $ 0
  • Project revenue: $ 154 million

Cramer said Weber and Warby Parker’s earnings will reveal market sentiment towards the recently listed companies.

Tuesday: Home Depot, Walmart

HomeDepot

  • Q1 2022 earnings release at 6:00 am ET; conference call at 9:00 am ET
  • Expected EPS: $ 3.69
  • Expected revenue: $ 36.7 billion

Walmart

  • Q1 2023 earnings release at 7:00 am ET; conference call at 8:00 am ET
  • Expected EPS: $ 1.48
  • Expected revenue: $ 138.84 billion

Wednesday: Lowes, Target, Cisco

by Lowe

  • Q1 2022 earnings release at 6:00 am ET; conference call at 9:00 am ET
  • Expected EPS: $ 3.22
  • Expected revenue: $ 23.77 billion

Target

  • First quarter 2022 earnings release before the bell; conference call at 8:00 am ET
  • Expected EPS: $ 3.07
  • Expected revenue: $ 24.46 billion

“[The market’s] so beat up they could all work here. I see these retail stocks as consumer barometers, ”said Cramer of Home Depot, Walmart, Lowe’s and Target.

Cisco

  • Q3 2022 earnings release at 4:05 PM ET; conference call at 4:30 PM ET
  • Expected EPS: 86 cents
  • Expected revenue: $ 13.34 billion

For this to work, the company must accelerate the transition from hardware to software, otherwise the stock will be affected, ”Cramer said.

Thursday: Kohl’s, Palo Alto Networks

by Kohl

  • Q1 2022 earnings release at 7:00 am ET; conference call at 9:00 am ET
  • Expected EPS: 71 cents
  • Expected revenue: $ 3.68 billion

“I think this could be a three-under-ten-up situation because the stock is falling so far from its highs,” said Cramer. “I like those odds.”

Palo Alto networks

  • Third Quarter 2022 Earnings Release After Close; conference call at 4:30 PM ET
  • Expected EPS: $ 1.68
  • Expected revenue: $ 1.36 billion

Cramer said he thinks the company could be “the best story of the week”.

Friday: deer

  • Second quarter 2022 earnings release before the bell; conference call at 10am ET
  • Expected EPS: $ 6.69
  • Expected revenue: $ 13.23 billion

The Deere stock “tends to react badly to the headlines and then bounce at the end of the conference call,” Cramer noted. “Patience is a virtue.”

Disclosure: Cramer’s Charitable Trust owns shares in Cisco and Walmart.

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