She has strong names and has the cash to bounce the market

CNBC’s Jim Cramer said Friday that continuation of the current market is a waiting game for a rally — and investors should be prepared when that happens.

“You have to split your portfolio between some liquidity and some stocks that can thrive in a recession,” the Mad Money host said. “You need to accept the fact that we are simply trying to stay in the game until times improve.”

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

The market wrapped up a bumpy week of trading on Friday. While the market rebounded Wednesday afternoon following the Federal Reserve’s decision to raise interest rates by 50 basis points, losses on Thursday and Friday wiped out those gains. The base point is 0.01%.

Kramer said he will monitor the release of the April CPI next week. “If we get a weaker CPI figure, the market could go up,” he said.

Also reviewed the earnings list for the coming week. All profit and revenue estimates are provided by FactSet.

Monday: Tyson Foods, Bioantek

Tyson Foods

  • Announcing Q2 2022 earnings before the bell; Conference call at 9 a.m. ET
  • Expected EPS: $1.89
  • Expected revenue: $12.84 billion

Cramer said he hopes to receive any news that food prices will drop.

Biotechnology

  • Announcing Q1 2022 earnings before the bell; Conference call at 8 a.m. ET
  • Expected EPS: $9.65
  • Expected revenue: $4.57 billion

Kramer said an insight into any developments regarding China’s Covid-19 vaccination plans would be helpful.

Tuesday: Peloton, ROBLOX, Real Madrid

peloton

  • Announcing Q3 2022 earnings before the bell; Conference call at 8:30 a.m. ET
  • Expected loss: 84 cents per share
  • Expected revenue: $969 million

“I bet we’ll eventually see some sort of WeCrashed-like TV series about Peloton — if not ‘The Dropout’ — and I wonder who would write the script first,” said the host of The Mad Money, referring to the TV drama detailing scandals at WeWork and Theranos, respectively.

roblox game

  • Announcing Q1 2022 earnings after closing; Conference call Wednesday 8:30 a.m. ET
  • Expected loss: 23 cents per share
  • Expected sales: $659 million

“Great company, bad stock……we keep it in the box that all things [metaverse] “She belongs to us now,” Kramer said.

RealReal

  • Announcing Q1 2022 earnings after closing; Conference call at 5 p.m. ET
  • Expected loss: 54 cents per share
  • Expected revenue: $136 million

Cramer said he doesn’t understand why the stock is down.

Wednesday: Wendy’s, Rivian

Wendy

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

Cramer said he’s interested to know if the company is experiencing staffing issues at its restaurants like other restaurants in the industry.

Rivian

  • Announcing Q1 2022 earnings after closing; Conference call at 5 p.m. ET
  • Expected loss: $1.41 per share
  • Expected revenue: $133 million

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

Thursday: Toast, Bushmark

Toast

  • Announcing Q1 2022 earnings after closing; Conference call at 5 p.m. ET
  • Expected loss: 13 cents per share
  • Expected revenue: $487 million

Kramer said he’s “against toast” because there are so many players in the restaurant’s POS management space.

Bushmark

  • Announcing Q1 2022 earnings after closing; Conference call at 4:45 p.m. ET
  • Expected loss: 25 cents per share
  • Expected revenue: $87.6 million

Cramer said he will follow up on the company’s news, which he said is hurting investors who bought into its shares.

Disclosure: The Kramer Charitable Fund owns shares in the Ford Company.

Leave a Comment