Cramer’s week ahead: Semiconductor shortage to be in focus yet again

Jim Cramer on Friday looked ahead to next week’s of earnings reports, detailing for investors his key market events to keep an eye on.

The “Mad Money” host’s comments came after all three major U.S. equity indexes closed at record highs Friday, despite disappointing quarterly results a day earlier from market heavyweights Amazon and Apple.

All revenue and per-share earnings projections are based on FactSet estimates:

Monday: ON Semiconductor, NXP Semiconductors, Diamondback Energy and Clorox
On Semiconductor

Q3 results before the bell; conference call at 9 a.m. ET Monday
Projected EPS: 74 cents
Projected sales: $1.7 billion
NXP Semiconductors

Q3 results; conference call at 8 a.m. ET Tuesday
Projected EPS: $2.75
Projected sales: $ 2.85 billion
Both companies’ earnings will offer “a read on one of the biggest stories in this market, and that’s the semiconductor shortage,” Cramer said. “They do a lot of auto semis, and they’ve got exposure to many of the others areas where there are the biggest bottlenecks.”

Diamondback Energy

Q3 results after the close; conference call at 9 a.m. ET Tuesday
Projected EPS: $2.79
Projected revenue: $1.54 billion
Clorox

Q1 2022 results after the bell; conference call at 5:30 p.m. ET Monday
Projected EPS: $1.03
Projected revenue: $1.7 billion
“I hope for the best, but I am preparing for the worst,” Cramer said, noting the household products maker may not be able to pass through all of its higher commodity costs, possibly hurting margins.

Tuesday: Estee Lauder, DuPont, Pfizer, BP, Devon Energy, T-Mobile and Zillow
Estee Lauder

Q1 2022 results before the open; conference call at 9:30 a.m. ET Tuesday
Projected EPS: $1.70
Projected sales: $4.25 billion
DuPont

Q3 results before the bell; conference call at 8 a.m. ET Tuesday
Projected EPS: $1.12
Projected sales: $4.16 billion
Cramer’s charitable trust owns both Estee Lauder and DuPont. “I don’t expect them to have superb quarters. Fortunately, the expectations are low, though, so it won’t take much to produce an upside surprise that moves the stocks up,” he said.

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