Own strong names and have money to bounce back in the market

CNBC’s Jim Cramer said Friday that bearing the current market is a waiting game for a rally – and investors need to be prepared for that time.

“Your portfolio should be split between cash and stocks that can thrive in a recession. … You have to accept the fact that we’re just trying to stay in the game until times improve,” he said. said the host of “Mad Money”. .

“But when we reach the promised land, it will be worth it because that’s when stocks will come back strong,” he added.

The market wrapped up a turbulent week of trading on Friday. While the market rallied on Wednesday afternoon following the Federal Reserve’s decision to raise interest rates by 50 basis points, losses on Thursday and Friday demolished those gains. One basis point equals 0.01%.

Cramer said he’ll be watching for April’s consumer price index release next week. “If we get a weaker CPI number, the market could rally,” he said.

He also previewed next week’s results slate. All earnings and income estimates are courtesy of FactSet.

Monday: Tyson Foods, BioNTech

Tyson Foods

  • Publication of the results for the second quarter of 2022 before the bell; conference call at 9 a.m. ET
  • Projected EPS: $1.89
  • Projected revenue: $12.84 billion

Cramer said he hoped to receive news that food prices were falling.

BioNTech

  • Publication of the results for the first quarter of 2022 before the bell; conference call at 8 a.m. ET
  • Projected EPS: $9.65
  • Projected revenue: $4.57 billion

An overview of any developments regarding China’s Covid-19 vaccination plans would be helpful, Cramer said.

Tuesday: Peloton, Roblox, RealReal

Platoon

  • Publication of the results for the third quarter of 2022 before the bell; conference call at 8:30 a.m. ET
  • Expected loss: 84 cents per share
  • Forecast revenue: $969 million

“I bet we’ll eventually see some kind of ‘WeCrashed’ type TV series on Peloton — if not ‘The Dropout’ — and I wonder who’s going to write the script first,” said ‘The Mad Money’ host. , referencing the TV dramas detailing the scandals at WeWork and Theranos, respectively.

Roblox

  • Publication of Q1 2022 results after closing; conference call on Wednesdays at 8:30 a.m. ET
  • Expected loss: 23 cents per share
  • Forecast sales: $659 million

“Fantastic company, bad stock. … We keep it in the penalty area than all things [metaverse] belong right now,” Cramer said.

RealReal

  • Publication of Q1 2022 results after closing; conference call at 5 p.m. ET
  • Expected loss: 54 cents per share
  • Projected revenue: $136 million

Cramer said he didn’t understand why the stock was down.

Wednesday: Wendy’s, Rivian

Wendy’s

  • Q1 2022 before the bell; conference call at 8:30 a.m. ET
  • Projected EPS: 18 cents
  • Forecast revenue: $497 million

Cramer said he wanted to know if the company was having staffing issues at its restaurants like others in the industry.

Rivian

  • Publication of Q1 2022 results after closing; conference call at 5 p.m. ET
  • Expected loss: $1.41 per share
  • Forecast revenue: $133 million

Cramer said he wanted to know if Rivian would allow Ford to sell its stake in the electric vehicle maker.

Thursday: Toast, Poshmark

Toast

  • Publication of Q1 2022 results after closing; conference call at 5 p.m. ET
  • Expected loss: 13 cents per share
  • Forecast revenue: $487 million

Cramer said he is “anti-Toast” because there are too many players in the restaurant outlet management space.

posh mark

  • Publication of Q1 2022 results after closing; conference call at 4:45 p.m. ET
  • Expected loss: 25 cents per share
  • Forecast revenue: $87.6 million

Cramer said he would tune in to hear about the company, which he said hurt investors who bought his shares.

Disclosure: Cramer’s Charitable Trust owns shares of Ford.

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