Jim Cramer expects companies to post ‘better-than-expected’ earnings
As the bull market turns three, CNBC’s Jim Cramer said Friday that he expects companies to post “better than expected” earnings to sustain the market recovery.
“As next week progresses, bears will hold their noses, hide their eyes, and shut down their brains once again because this is going to be a good week for earnings,” Cramer said. “And what really drives stocks down is earnings, not anything else. Or in this case, up.”
Cramer shared his “game plan” for next week’s earnings. The week will start by seeing which steel producer will come Cleveland Rocks He has something to say about the health of the “real” economy on Monday. After closing Zions BancorporationA regional bank that disclosed bad loans on Wednesday. Cramer says he is interested in how the bank was defrauded and whether the bank is seeing signs of weakness more broadly.
But relative to most other companies reporting, Cramer is optimistic.
Cramer expects positive numbers from both on Tuesday GE Aviationan aircraft engine supplier and Coca Cola“Most consistent among packaged goods stocks.” Dormant Dow stock 3 million Cramer also predicts it will report strong earnings, while the healthcare company Danaher It is expected to break the long-lasting drought period with a strong quarter.
cramer said this Capital One It could follow American Express’ successful quarter, especially after completing its acquisition of Discover earlier this year.
On Wednesday, Data center founder vertiv Cramer said it would likely generate “excellent” returns and GE VernovaThe company that produces most of the turbines that power these centers may have a lifespan of several years. Cramer said IBM’s CEO Arvind Krishna’s launch of the “best quantum computing campaign in the world” will prove the bears wrong about the growth rate.
KarataşThe company’s own data center business will also contribute to a “particularly strong quarter” on Thursday, Cramer said. Miner Freeport-McMoRan Another surge could occur despite a deadly mudflow event in Indonesia in September.
While Wall Street is on the rise T-Mobile After record iPhone sales, Cramer expects stock for network operator and AppleReporting at the end of the month, it will be published.
Finally, Procter & GambleCramer said the crisis in a “true house of pain” had finally reached its bottom. The company will announce earnings on Friday.
