The semiconductor shortage again at the center of concerns

CNBC’s Jim Cramer anticipated next week’s earnings reports on Friday, detailing for investors his key market events to watch.

The comments from the host of “Mad Money” came after the three major US stock indexes closed at record highs Friday, despite disappointing quarterly results a day earlier from market heavyweights Amazon and Apple.

All revenue and earnings per share projections are based on FactSet estimates:

On the semiconductor

• Q3 results before the bell; conference call at 9 a.m. ET on Monday
• Projected EPS: 74 cents
• Forecast sales: $ 1.7 billion

NXP semiconductors

• third quarter results; conference call at 8 a.m. ET Tuesday
• Projected EPS: $ 2.75
• Forecast sales: $ 2.85 billion

Profits from both companies will provide “a read on one of the biggest stories in this market, and that is the semiconductor shortage,” Cramer said. “They do a lot of semi-automatics and they’re exposed to a lot of other areas where there are the biggest bottlenecks.”

Diamondback Energy

• Third quarter results after closing; conference call at 9 a.m. ET Tuesday
• Projected EPS: $ 2.79
• Expected revenue: $ 1.54 billion

Clorox

• Results for the first quarter of 2022 after the bell; conference call at 5:30 p.m. ET on Monday
• Projected EPS: $ 1.03
• Forecast revenue: $ 1.7 billion

“I hope for the best, but prepare for the worst,” Cramer said, noting that the household products maker might not be able to pass on all of its higher raw material costs, which could hurt its margins. .

Estee Lauder

• Results for the 1st quarter of 2022 before the opening; conference call at 9:30 a.m. ET Tuesday
• Projected EPS: $ 1.70
• Forecast sales: $ 4.25 billion

DuPont

• Q3 results before the bell; conference call at 8 a.m. ET Tuesday
• Projected EPS: $ 1.12
• Forecast sales: $ 4.16 billion

Cramer’s charitable trust owns both Estée Lauder and DuPont. “I don’t expect them to have great quarters. Luckily expectations are low, so it won’t take much to produce an upside surprise that will push stocks up,” he said. he declares.

Pfizer

• Third quarter results before opening; conference call at 10 a.m.ET
• Projected EPS: $ 1.08
• Expected revenue: $ 22.58 billion

“Unlike Moderna, Pfizer is a lot more complicated than just a Covid vaccine story. You see, they’re facing what’s called a patent cliff next year,” Cramer said. “We need to know if the expensive boosters… are going to cover the patent cliff.”

PA

• Q3 results before the bell; conference call at 5 a.m. ET on Tuesday
• Projected EPS: £ 10.83
• Expected revenue: £ 29.06 billion

Devon Energy

• Third quarter results after closing; conference call at 11 a.m. ET Wednesday
• Projected EPS: 93 cents
• Forecast sales: $ 3.23 billion

T Mobile

• Third quarter results after closing; conference call at 4:30 p.m. ET Tuesday
• Projected EPS: 48 cents
• Expected revenue: $ 20.22 billion

“The [telecommunications] the industry has a clear pecking order: T-Mobile for growth, Verizon for the dividend, and AT&T for nothing. Let’s see how many subscribers T-Mobile has been able to steal from its rivals when they report, ”Cramer said.

Zillow

• Q3 after closing; conference call at 5 a.m. ET on Tuesday
• Projected EPS: 16 cents
• Expected revenue: $ 2 billion

“They had to put the real estate turnaround business on hiatus because the economy has turned against them, but what does that really mean? We’ll find out on Tuesday,” Cramer said.

CVS Health

• Q3 results before the bell; conference call at 8 a.m. ET Wednesday
• Projected EPS: $ 1.79
• Expected revenue: $ 70.5 billion

“This stock is on a roll, bolstered by Covid vaccines and superior execution, at least compared to its big rival Walgreens. I don’t know if it can continue now as the pandemic draws to a close, but remember that CVS also has a huge health insurance business, ”Cramer said.

Humana

• Third quarter results before opening; conference call at 9 a.m. ET Wednesday
• Projected EPS: $ 4.66
• Expected revenue: $ 20.9 billion

Cramer said he expects the health insurer’s numbers to be even better than rivals Centene and UnitedHealth Group.

Marriott International

• Q3 results before the bell; conference call at 8:30 a.m. ET Wednesday
• Projected EPS: 99 cents
• Forecast sales: $ 3.71 billion

Wynn Resorts

• Third Quarter Results After Closing
• Projected EPS: Loss of $ 1.36
• Expected revenue: $ 943 million

Cramer said he expects Marriott International to have a better story to tell about the resumption of hospitality compared to Wynn Resorts, which its charitable trust owns. He said it was because of Wynn Resorts’ exhibit at the Macau Game Center.

Qualcomm

• Fourth quarter results after closing; conference call at 4:45 p.m. ET Wednesday
• Projected EPS: $ 2.26
• Forecast revenue: $ 8.85 billion

“They’ll give us a better look at the cellphone market, but I bet it can’t be that positive either,” Cramer said, alluding to the chip crunch.

Etsy

• Third quarter results after closing; conference call at 5 p.m. ET Wednesday
• Projected EPS: 55 cents
• Expected revenue: $ 519 million

“I bet CEO Josh Silverman will have a lot of good things to say about his craft e-commerce platform – that should make a nice contrast to Amazon’s disappointing quarter,” Cramer said.

Uber

• Third quarter results after closing; conference call 5 p.m. ET Thursday
• Projected EPS: Loss of 34 cents
• Expected revenue: $ 4.41 billion

“I think Uber can deliver, but the stock has been maintained by persistent sellers, so even a good quarter might not matter, at least not until those weak hands have finished selling their shares. “said Cramer.

Skyworks Solutions

• T4 results after the bell; conference call at 4:30 p.m. ET Thursday
• Projected EPS: $ 2.55
• Forecast sales: $ 1.3 billion

“Maybe they give us a glimpse of when the chip shortage nightmare may end,” Cramer said.

platoon

• Results for the 1st quarter of 2022 after closing; conference call at 5 p.m. ET Thursday
• Projected EPS: Loss of $ 1.10
• Forecast sales: $ 809 million

The fitness equipment maker has been a big winner in the pandemic, but the action has struggled to gain traction since investors turned to reopening the games, Cramer said. “I think they have their work cut out for them.”

Square

• Third quarter results after closing; conference call at 5 p.m. ET Thursday
• Projected EPS: 37 cents
• Forecast revenue: $ 4.38 billion

“I bet their mojo will be out for now, mojo being a technical term on Wall Street for the massive love that a stock gets after a monster beat and a quarterback,” Cramer said.

Enbridge

• Q3 results before the bell; conference call at 9 a.m. ET on Friday
• Projected EPS: 57 cents
• Expected revenue: $ 9.62 billion

Cramer said he liked the payment of the company’s dividends. “Plus, we have a real shortage of energy infrastructure, so I bet the business is good,” Cramer said.

The Department of Labor’s report on non-farm wages for October came out at 8:30 am Friday, but Cramer warned that recent monthly reports were “all over the map right now,” making their appearance “misleading. “.