The winning season starts with the big banks

Wall Street closed another volatile week on Friday, but corporate earnings season kicks off next week and could give direction to the market.

“The week has recovered from an early sell-off and was strong enough to kick off the winning season with a decent boost.

Here’s Cramer’s look at the big corporate news coming up next week. Sales and earnings per share projections are estimates by Factset.

Monday: AMC in the spotlight

Tuesday: Fastenal Income

Wednesday: JPMorgan, Blackrock and Delta gains

Thursday: More bank income, along with Domino’s Pizza and Walgreens

Morgan Stanley

  • Earnings publication for the third quarter of 2021: before the opening bell; Conference call: 8:30 a.m.
  • Projected earnings per share: $ 1.69
  • Expected sales: $ 13.9 billion

Wells Fargo

  • Earnings publication for the third quarter of 2021: before the opening bell; Conference call: 11:30 a.m.
  • Projected earnings per share: $ 1.00
  • Expected sales: $ 18.2 billion

“I bet Morgan Stanleys will be fantastic and Wells Fargos will not be as bad as it was before. This is good news for both of them,” said Cramer.

Bank of America

  • Earnings publication for the third quarter of 2021: before the opening bell; Conference call: 9 a.m.
  • Projected earnings per share: 71 cents
  • Expected sales: $ 21.7 billion

City group

  • Earnings publication for the third quarter of 2021: before the opening bell; Conference call: 8 a.m.
  • Projected earnings per share: $ 1.73
  • Expected sales: $ 17.1 billion

“We also get reports from Bank of America and Citigroup. We know Citi still stays cheap. I don’t see it going to end anytime soon, you have to move that needle. “

Dominos pizza

  • Earnings publication for the third quarter of 2021: before the opening bell; Conference call: 10 a.m.
  • Projected earnings per share: $ 3.11
  • Expected revenue: $ 1.03 billion

“I think this juggernaut will beat the numbers again because the Delta variant got people back to their homes,” said Cramer.

Walgreens Boots Alliance

  • Earnings release for the fourth quarter of 2021: before the opening bell; Conference call: 8:30 a.m.
  • Projected earnings per share: $ 1.02
  • Expected Revenue: $ 33.03 billion

“The stock has been in the red for so long that it kind of looks up to me. Any positive message could send it upstairs, although I can’t imagine what that message could be, ”he said.

Friday: Goldman and JB Hunt earnings

.

Leave a Comment