This news has been received from: CNBC

All trademarks, copyrights, videos, photos and logos are owned by respective news sources. News stories, videos and live streams are from trusted sources.

Contact Newsletter-online.com: [NewsMag]

Morning Meeting: Jim Cramer discusses his next moves for the Investing Club.

News Source: CNBC

Tags: morning meeting

CBS Unveils 2022-2023 Primetime Lineup

Next News:

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

CNBC's Jim Cramer said Friday that he's breathing a sigh of relief as beaten-down stocks 'have already taken enough hits,' allowing investors to trade in a safer environment next week –  though they still need to tread carefully.

"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 said.

"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 volatile week of trading, with the Dow Jones Industrial Average gaining 1.47% while the S&P 500 increased 2.39%. The Nasdaq Composite climbed 3.82%.

Cramer noted he is watching for St. Louis Federal Reserve President James Bullard's comments on inflation next 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 said.

He also previewed next week's slate of earnings. All earnings and revenue estimates are courtesy of FactSet.

Monday: Weber, Warby Parker

Weber

  • Q2 2022 earnings release before the bell; conference call at 8:30 a.m. ET
  • Projected EPS: 18 cents
  • Projected revenue: $659 million

Warby Parker 

  • Q1 2022 earnings release before the bell; conference call at 8 a.m. ET
  • Projected EPS: $0
  • Projected revenue: $154 million

Cramer said that both Weber's and Warby Parker's earnings will reveal the market's sentiment toward companies that recently went public.

Tuesday: Home Depot, Walmart

Home Depot

  • Q1 2022 earnings release at 6 a.m. ET; conference call at 9 a.m. ET
  • Projected EPS: $3.69
  • Projected revenue: $36.7 billion

Walmart

  • Q1 2023 earnings release at 7 a.m. ET; conference call at 8 a.m. ET
  • Projected EPS: $1.48
  • Projected revenue: $138.84 billion

Wednesday: Lowe's, Target, Cisco

Lowe's 

  • Q1 2022 earnings release at 6 a.m. ET; conference call at 9 a.m. ET
  • Projected EPS: $3.22
  • Projected revenue: $23.77 billion

Target 

  • Q1 2022 earnings release before the bell; conference call at 8 a.m. ET
  • Projected EPS: $3.07
  • Projected revenue: $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 said of Home Depot, Walmart, Lowe's and Target.

Cisco

  • Q3 2022 earnings release at 4:05 p.m. ET; conference call at 4:30 p.m. ET
  • Projected EPS: 86 cents
  • Projected revenue: $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 said.

Thursday: Kohl's, Palo Alto Networks

Kohl's 

  • Q1 2022 earnings release at 7 a.m. ET; conference call at 9 a.m. ET
  • Projected EPS: 71 cents
  • Projected revenue: $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 said. "I like those odds."

Palo Alto Networks 

  • Q3 2022 earnings release after the close; conference call at 4:30 p.m. ET
  • Projected EPS: $1.68
  • Projected revenue: $1.36 billion

Cramer said he thinks the company could be "the single best story of the week."

Friday: Deere

  • Q2 2022 earnings release before the bell; conference call at 10 a.m. ET
  • Projected EPS: $6.69
  • Projected revenue: $13.23 billion

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

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


Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market.

Disclaimer

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer's world? Hit him up!
Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram

Questions, comments, suggestions for the "Mad Money" website? [email protected]

TVWATCH LIVEWATCH IN THE APPUP NEXT | ETListen

Other News

  • Jim Cramer says investors should eye these two lithium stocks
  • Jim Cramer: Here's how we're approaching the gut-wrenching market sell-off
  • I Think Hes Hung! CNBCs Jim Cramer Says Elon Musk is Stuck Buying Twitter
  • Cramer rips Target for blindsiding investors. Turns out it did even worse than Walmart
  • What Cramer is watching Wednesday — why Home Depot thrives while Target and Walmart stumble
  • Op-ed: Investors need to keep their emotions under control in this volatile market
  • Jake Evans Discusses Past Success Fighting for Election Integrity in 2020 in Georgia
  • What Cramer is watching Tuesday — Walmart disappoints, Home Depot beats, AMD gets an upgrade
  • Jim Cramer crushes Walmart management — 'It's embarrassing'
  • Jim Cramer says to consider these five high-yielding stocks to upgrade your portfolio
  • Arizona Gubernatorial Hopeful Discusses Her Candidacy and Her Path to the Governors Office
  • ‘You can’t build on quicksand’ — Jim Cramer warns investors not to invest based on false hope
  • Nearly 40% of investors who pulled money out of markets in the last year regret it
  • What Cramer is watching Monday — McDonald's is leaving Russia, China lockdowns slam tech
  • ‘U.S. consumer is alive and well’ — Affirm CEO says market turbulence has no impact on business
  • I’m a crypto expert and former Biden advisor – five reasons why you should NOT invest retirement savings in Bitcoin
  • Coach Taylor Ramsdell discusses Dmitry Bivols path to victory
  • Jim Cramer Blasts Kiss of Death Cathie Wood After Her Fund Plummets by 76%: She’s Awful
  • Alphabet CEO Sundar Pichai on inflation, investing in growth, and free speech on the internet