Amazon, Apple, Alphabet report as earnings season heats up

CNBC’s Jim Cramer on Friday instructed buyers that shares will possible proceed to do properly so long as the financial system holds up.

“Many corporations have battened down the hatches, so to talk, and prepped for a recession. So if we do not get a extreme slowdown, they’ll certainly preserve flying,” he mentioned.

He additionally previewed subsequent week’s slate of earnings. All earnings and income estimates are courtesy of FactSet.

Monday: Logitech

  • Q2 2023 earnings launch at 9 p.m. ET; convention name on Tuesday at 8:30 a.m. ET
  • Projected EPS: 85 cents
  • Projected income: $1.2 billion

Cramer mentioned that the inventory may take successful due to the slowdown within the PC market.

Tuesday: Halliburton, Coca-Cola, Alphabet, Microsoft

Halliburton

  • Q3 2022 earnings launch at 6:45 a.m. ET; convention name at 9 a.m. ET
  • Projected EPS: 56 cents
  • Projected income: $5.34 billion

Halliburton’s inventory may soar after it stories earnings, he predicted.

Coca-Cola

  • Q3 2022 earnings launch at 6:55 a.m. ET; convention name at 8:30 a.m. ET
  • Projected EPS: 64 cents
  • Projected income: $10.52 billion

Cramer mentioned he expects the corporate to have a robust quarter, just like Pepsi-Co‘s.

Alphabet

  • Q3 2022 earnings launch at 4 p.m. ET; convention name at 5 p.m. ET
  • Projected EPS: $1.27
  • Projected income: $71.08 billion

The corporate will possible report a strong quarter because of the energy of YouTube, he predicted.

Microsoft

  • Q1 2023 earnings launch at 4:05 p.m. ET; convention name at 5:30 p.m. ET
  • Projected EPS: $2.31
  • Projected income: $49.66 billion

Cramer mentioned he expects the inventory to leap after the corporate stories.

Wednesday: Meta, Ford

Meta

  • Q3 2022 earnings launch at 4:05 p.m. ET; convention name at 5 p.m. ET
  • Projected EPS: $1.90
  • Projected income: $27.47 billion

He referred to as himself the “solely believer” of Meta.

Ford

  • Q3 2022 earnings launch at 4:05 p.m .ET; convention name at 5 p.m. ET
  • Projected EPS: 27 cents
  • Projected income; $37.46 billion

Whereas the demand is there for Ford’s automobiles, provide is not, Cramer mentioned.

Thursday: Apple, Amazon

Apple

  • This autumn 2022 earnings launch at 4:30 p.m. ET; convention name at 5 p.m. ET
  • Projected EPS: $1.27
  • Projected income: $88.79 billion

Cramer mentioned he is sticking to his mantra of “personal it, do not commerce it” in terms of Apple.

Amazon

  • Q3 2022 earnings launch at 4 p.m. ET; convention name at 5:30 p.m. ET
  • Projected EPS: 22 cents
  • Projected income: $127.49 billion

Cramer mentioned he likes the corporate, particularly as a result of its cloud enterprise appears to be doing properly.

Friday: Colgate

  • Q3 2022 earnings launch at 7 a.m. ET; convention name at 8:30 a.m. ET
  • Projected EPS: 73 cents
  • Projected income; $4.47 billion

There are higher client packaged items performs than Colgate, he mentioned.

Disclaimer: Cramer’s Charitable Belief owns shares of Halliburton, Alphabet, Microsoft, Meta, Ford, Apple, and Amazon.

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