Be on your toes during this earnings period

Cramers next week: Be

CNBC’s Jim Cramer on Friday urged investors to make careful and considered decisions regarding their portfolios as the new earnings season begins next week.

“It’s a crucial week. The first of three. Be smart. Listen to the calls. Don’t grab anything unless you’re sure of his five rules for winning season.

In the much-anticipated earnings season, the largest companies in the technology, retail and consumer staples sectors will announce their quarterly financial results.

Cramer looked at the list of quarterly reports. All revenue, revenue and economic data estimates are from FactSet.

Tuesday: General Electric, 3M, Union Pacific, Microsoft

General Electric

  • Q4 2022 results release at 6:30am ET; Conference call at 8 p.m. ET
  • Estimated earnings per share: $1.15
  • Estimated revenue: $21.25 trillion

The company should “show us why we want to be in the energy sector. That’s the next fork after healthcare, but we really only want the booming aerospace business,” he said.

3M

  • Q4 2022 results release at 6:30am ET; Conference call at 9 p.m. ET
  • Estimated earnings per share: $2.37
  • Projected revenue: $8.04 trillion

Cramer said that 3M’s dividend yield of around 5% isn’t enough given the risk of litigation from lawsuits against the company.

Union Pacific

  • Q4 2022 results release at 7:45am ET; Conference call at 8:45 a.m. ET
  • Estimated earnings per share: $2.78
  • Estimated Revenue: $6.31 trillion

The company’s earnings release should provide some insight into the state of America’s trade, Cramer said.

Microsoft

  • Q2 2023 results release at 4:05 p.m. ET; Conference call at 5:30 p.m. ET
  • Estimated earnings per share: $2.30
  • Projected Revenue: $53.13 trillion

Investors will “learn whether the layoffs Microsoft announced this week are based on disappointment or caution,” he said.

Wednesday: Boeing, IBM, ServiceNow

Boeing

  • Q4 2022 results release at 7:30am ET; Conference call at 10:30 a.m. ET
  • Estimated earnings per share: 22 cents
  • Estimated revenue: $20.24 trillion

Cramer said he expects a solid quarter from the company.

IBM

  • Q4 2022 results release at 4:08pm ET; Conference call at 5:00 p.m. ET
  • Estimated earnings per share: $3.59
  • Estimated Revenue: $16.13 billion

He said he likes the stock for the quarter because it’s playing defensively with a strong 4.7% yield.

service now

  • Q4 2022 results release at 4:10 p.m. ET; Conference call at 5:00 p.m. ET
  • Estimated earnings per share: $2.02
  • Estimated Revenue: $1.94 trillion

The earnings call will show whether battered enterprise software stocks will find some respite this year, he said.

Thursday: Dow, Southwest Airlines

dow

  • Q4 2022 results release at 6:00 am ET; Conference call at 8 p.m. ET
  • Estimated earnings per share: 58 cents
  • Estimated Revenue: $12.05 trillion

Cramer said the company’s stock “seems like a buy.”

Southwest Airlines

  • Q4 2022 results release at 6:30am ET; Conference call at 12:30 p.m. ET
  • Estimated loss: 7 cents per share
  • Estimated Revenue: $6.22 billion

The company is no longer among the best-run airlines, he said.

Friday: American Express

  • Q4 2022 results release at 7:00am ET; Conference call at 8:30 a.m. ET
  • Estimated earnings per share: $2.23
  • Estimated Revenue: $14.23 billion

“American Express is a great ‘Life Is Too Short’ play,” he said.

Disclaimer: Cramer’s Charitable Trust owns Microsoft stock.

Cramer's game plan for the trading week of 1. 23

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