climbing,” the “Mad Money” host said.
Companies that are releasing numbers include Disney, Airbnb and Palantir Technologies.
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VIDEO01:58
Cramer’s week ahead: I would buy Disney
The stock market rallied Friday as investors reacted to the worse-than-expected April jobs report, which indicates the Federal Reserve’s easy policy is unlikely to go anywhere soon, CNBC’s Jim Cramer said.
“I know the conventional wisdom says sell in May and go away, but that stupid ditty needs to be retired, at least when it comes to the first week of the month, when lots of people who held onto stocks did quite well,” the “Mad Money” host said. “Now that the Fed remains our friend, I bet we can keep climbing.”
Here’s Cramer’s game plan for next week’s corporate earnings reports, which will offer additional insight into the state of the U.S. economic recovery.
Projections for revenue and earnings per share are based on FactSet estimates:
Monday: Tyson Foods, Marriott International, Simon Property Group, Occidental Petroleum and Roblox
Tyson Foods
Q2 2021 earnings release: before market; conference call: 9 a.m.
Projected EPS: $1.15
Projected revenue: $11.2 billion
“We’ll hear whether the budding chicken shortage is going to drive up prices [and] probably hear about the price of corn. As is, the cost of animal feed keeps going higher and higher, food inflation is getting out of hand,” Cramer said. “Will that be ignored? Hard to imagine. But it comes right in the shadow of this benign jobs number, so again, it probably won’t matter.”
Marriott International
Q1 2021 earnings release: 7 a.m.; conference call: 8:30 a.m.
Projected EPS: 4 cents
Projected revenue: $2.38 billion
“We also hear from Marriott International and I’d very much like to see what their bookings look like,” Cramer said. “This morning, Expedia told us that pleasure trips are filling hotels, but business excursions haven’t come back much at all because everybody’s still using Zoom.”
Simon Property Group
Q1 2021 earnings release: after market; conference call: 5 p.m.
Projected EPS: $2.27
Projected revenue: $1.1 billion
“I bet they shoot the lights out,” Cramer said, calling the mall operator one of his favorites. “Brick and mortar retail is booming, at least in wealthier communities. Simon’s bread and butter is right there, so I think the numbers will be monstrously good.”
Occidental Petroleum
Q1 2021 earnings release: after market: conference call: 1 p.m. Tuesday
Projected loss per share: 33 cents
Projected revenue: $4.79 billion
“We’ve been getting some stellar numbers from oil producers that are feasting on this environment where crude sells for more than $60 a barrel. They make money there. I bet Oxy’s one of them,” he said.
Roblox
Q1 2021 earnings release: after market; conference call: 8:30 a.m. Tuesday
Projected EPS: 8 cents
Projected revenue: $573 million
“The company came public in one of those direct listings that tend to undervalue stocks. I think this may be your chance to buy shares in a fast-grower before it gets closer to a full valuation,” Cramer said.
