Time to put a small amount to work

Jim Kramer on “Mad Hour”

Scott Millin | CNBC

Jim Kramer of CNBC previewed the biggest market events planned for next week’s holiday-shortened trade window on Friday.

As the Federal Reserve adopts a more serious plan to tighten monetary policy, “you must recognize the rockiness of the moment.” “Crazy money” Said the host.

“You don’t want to be a hero here. If you were watching the show or you were a member you might have already raised some money. [the CNBC Investing Club] … So when we’ve come in on Monday morning and everyone’s been talking nonsense about Omigran, it’s time to put a small amount into action. “

Here’s what Kramer sees during session four. All ratings are from FactSet.

Monday: Micron and Nike earnings

Micron

  • Q1 2022 results after Bell; Conference Call ET at 4:30 p.m.
  • Scheduled EPS: $ 2.10
  • Planned revenue: $ 7.68 billion

“I think it will buy more because the secular demand for its chips has not diminished,” Kramer said.

Nike

  • Results after the end of Q2 2022; Conference call at 5 p.m. ET
  • Scheduled EPS: 63 cents
  • Planned sales: $ 11.25 billion

Kramer said he believes Nike’s business in China will be firmer, making it possible for the company’s results to come out better than expected. He said he also has an outlook for the aforementioned micron.

“I want to be more precise, but they have come down, and they are terrible bounce candidates,” he said.

Tuesday: General Mills and Blackberry revenue

General Mills

  • Before Q2 2022 results; Conference call at 9 a.m. ET
  • Scheduled EPS: $ 1.05
  • Planned revenue: $ 4.84 billion

“Mills, the street has decided that stocks are the right kind to own here,” Kramer added: “Because of Kovit they have got great owners, including grains that stay in the wonderful house you can eat all day.”

In particular, Kramer said investors who believe the Federal Reserve should be more aggressive than its recently released forecast should own General Mills. “If you believe Jay Powell will destroy the economy to save it – I did not – General Mills is your role,” he said.

BlackBerry

  • Results after Q3 2022; Conference call at 5:30 p.m.
  • Planned loss: 7 cents loss per share
  • Planned revenue: $ 174 million

BlackBerry reminded Grammar viewers of a meme stock, and said that the “meme stock guys” were always trying their best to elevate the company’s shares after the release of the quarterly numbers.

“They Go to town and say, ‘This is awesome, all of these intellectual assets are there, so who is Jim Kramer to discredit this?’ … I do not want to touch the BlackBerry guy, that’s it. Why? Because it’s always frustrating. “

Wednesday: Revenue from CarMax, Cintas and Paychex

Carmax

  • Q3 2022 Results Before Opening; Conference call at 9 a.m. ET
  • Scheduled EPS: $ 1.46
  • Planned sales: $ 7.32 billion

Kramer said Carmax, like other companies reporting on Wednesday, was a quality stock. He said he would continue to like Carmax because of the shortage of used vehicles.

Ribbons

  • Before Q2 2022 results; Conference call at 10 a.m. ET
  • Scheduled EPS: $ 2.64
  • Planned revenue: $ 1.9 billion

Paychex

  • Before Q2 2022 results; Conference call at 9:30 a.m. ET
  • Scheduled EPS: 80 cents
  • Planned revenue: $ 1.06 billion

Paychex typically reports a solid quarter, but Kremer said it sees its stock “being eroded.” However, that said it does create buying opportunity.

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