Earnings from Take-Two Interactive, Disney and Twitter highlight Jim Cramer’s game plan for next week.
If a stock is loved by investors, there’s no price they won’t pay. But if it’s hated, there are no depths it cannot sink to. That was Jim Cramer’s take on the markets during Mad Money on Friday.
Friday’s terrific jobs report means the Federal Reserve needs to raise rates, and fast, to cool the economy — which is bad for stocks. But perhaps we’ve already sold off enough that we can digest next week’s earnings.
Over on Action Alerts PLUS, co-portfolio managers Bob Lang and Chris Versace note it was a tough week for the benchmark indexes and they say the drops in Meta/Facebook (FB) – Get Meta Platforms Inc. Class A Report and PayPal (PYPL) – Get PayPal Holdings, Inc. Report made them feel a lot better about their decision to lock in their gains and exit the two names a few months ago. Get more of their investing ideas and trading strategies on Action Alerts PLUS.
Cramer’s game plan for next week starts on Monday when Tyson Foods (TSN) – Get Tyson Foods, Inc. Class A Report, Take-Two Interactive (TTWO) – Get Take-Two Interactive Software, Inc. Report and Simon Property Group (SPG) – Get Simon Property Group, Inc. Report will give us an update on supply chains, gaming and how stores in the mall have been faring.
Next, on Tuesday, Cramer expects Chipotle Mexican Grill (CMG) – Get Chipotle Mexican Grill, Inc. Report to put up terrific earnings, along with health plan provider Centene (CNC) – Get Centene Corporation Report and Pfizer (PFE) – Get Pfizer Inc. Report. He was worried about costs at DuPont (DD) – Get DuPont de Nemours, Inc. Report.
Wednesday brings earnings from four Cramer favorites, CVS Health (CVS) – Get CVS Health Corporation Report, Pepsico (PEP) – Get PepsiCo, Inc. Report, Walt Disney (DIS) – Get Walt Disney Company Report, which does not get enough credit, and toymaker Mattel (MAT) – Get Mattel, Inc. Report.
Then on Thursday, we’ll hear from Coca-Cola (KO) – Get Coca-Cola Company Report, which should have good results, along with Twitter (TWTR) – Get Twitter, Inc. Report, Cloudflare (NET) – Get Cloudflare Inc Class A Report and Zendesk (ZEN) – Get Zendesk, Inc. Report, none of which excited Cramer.
Finally, on Friday, it’s Under Armour (UA) – Get Under Armour, Inc. Class C Report, Cleveland-Cliffs (CLF) – Get Cleveland-Cliffs Inc Report and Goodyear Tire (GT) – Get Goodyear Tire & Rubber Company Report in the spotlight, and Cramer expected good things from all three.
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