Cramer’s week ahead: Retail giants report earnings, stay away from ‘toxic’ stocks

CNBC's Jim Cramer stated Friday that he's respiratory a sigh of reduction as beaten-down stocks 'have already taken sufficient hits,' permitting traders to commerce in a safer surroundings subsequent week –  although they nonetheless must tread fastidiously.

"When we've been beaten down to these levels, we reach a point where stocks that would normally be clubbed have already taken enough hits, and that alone has allowed them to have at least a short covering rebound, which is what today might have been," the "Mad Money" host stated.

"Many stocks have finally come down to the point where it's safe to be constructive, as long as you stay away from the most toxic areas, so I'm breathing a sigh of relief here," he added.

Stocks rose on Friday to conclude a unstable week of buying and selling, with the Dow Jones Industrial Average gaining 1.47% whereas the S&P 500 elevated 2.39%. The Nasdaq Composite climbed 3.82%.

Cramer famous he’s anticipating St. Louis Federal Reserve President James Bullard's feedback on inflation subsequent week.

"He's a hawk's hawk — he's also my kind of hawk. Bullard knows it is only going to get harder to break the cycle of inflation if the Fed doesn't act decisively right now," Cramer stated.

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

Monday: Weber, Warby Parker

Weber

  • Q2 2022 earnings launch earlier than the bell; convention name at 8:30 a.m. ET
  • Projected EPS: 18 cents
  • Projected income: $659 million

Warby Parker 

  • Q1 2022 earnings launch earlier than the bell; convention name at 8 a.m. ET
  • Projected EPS: $0
  • Projected income: $154 million

Cramer stated that each Weber's and Warby Parker's earnings will reveal the market's sentiment towards firms that just lately went public.

Tuesday: Home Depot, Walmart

Home Depot

  • Q1 2022 earnings launch at 6 a.m. ET; convention name at 9 a.m. ET
  • Projected EPS: $3.69
  • Projected income: $36.7 billion

Walmart

  • Q1 2023 earnings launch at 7 a.m. ET; convention name at 8 a.m. ET
  • Projected EPS: $1.48
  • Projected income: $138.84 billion

Wednesday: Lowe's, Target, Cisco

Lowe's 

  • Q1 2022 earnings launch at 6 a.m. ET; convention name at 9 a.m. ET
  • Projected EPS: $3.22
  • Projected income: $23.77 billion

Target 

  • Q1 2022 earnings launch earlier than the bell; convention name at 8 a.m. ET
  • Projected EPS: $3.07
  • Projected income: $24.46 billion

"[The market's] so beat up that all of them might work here. I see these retail stocks as barometers of the consumer," Cramer stated of Home Depot, Walmart, Lowe's and Target.

Cisco

  • Q3 2022 earnings launch at 4:05 p.m. ET; convention name at 4:30 p.m. ET
  • Projected EPS: 86 cents
  • Projected income: $13.34 billion

"In order for this one to work, the company needs to speed up its shift from hardware to software, or else the stock is going to get clobbered," Cramer stated.

Thursday: Kohl's, Palo Alto Networks

Kohl's 

  • Q1 2022 earnings launch at 7 a.m. ET; convention name at 9 a.m. ET
  • Projected EPS: 71 cents
  • Projected income: $3.68 billion

"I think this could be a three-down, ten-up situation because the stock's fallen so far from its highs," Cramer stated. "I like those odds."

Palo Alto Networks 

  • Q3 2022 earnings launch after the shut; convention name at 4:30 p.m. ET
  • Projected EPS: $1.68
  • Projected income: $1.36 billion

Cramer stated he thinks the corporate could possibly be "the single best story of the week."

Friday: Deere

  • Q2 2022 earnings launch earlier than the bell; convention name at 10 a.m. ET
  • Projected EPS: $6.69
  • Projected income: $13.23 billion

Deere inventory "tends to react poorly to the headlines and then rebound at the end of the conference call," Cramer famous. "Patience is a virtue."

Disclosure: Cramer's Charitable Trust owns shares of Cisco and Walmart.

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