Amazon, Apple, Alphabet report as season heats up

On Friday, CNBC’s Jim Cramer told investors that stocks will likely continue to do well as long as the economy holds up.

“A lot of companies have battened down the hatches, so to speak, and prepared for a recession. So if we don’t get a severe downturn, they will indeed continue to fly,” he said.

He also previewed next week’s earnings list. All earnings and income estimates are courtesy of FactSet.

Monday: Logitech

  • Publication of Q2 2023 results at 9 p.m. ET; conference call on Tuesdays at 8:30 a.m. ET
  • Projected EPS: 85 cents
  • Projected revenue: $1.2 billion

Cramer said the stock could be hit due to the slowdown in the PC market.

Tuesday: Halliburton, Coca-Cola, Alphabet, Microsoft

Halliburton

  • Third Quarter 2022 Earnings Release at 6:45 a.m. ET; conference call at 9 a.m. ET
  • Projected EPS: 56 cents
  • Projected revenue: $5.34 billion

Halliburton’s stock could soar after reporting earnings, he predicted.

Coca Cola

  • Third Quarter 2022 Earnings Release at 6:55 a.m. ET; conference call at 8:30 a.m. ET
  • Projected EPS: 64 cents
  • Projected revenue: $10.52 billion

Cramer said he expects the company to have a strong quarter, similar to Pepsi Co‘s.

Alphabet

  • Third Quarter 2022 Earnings Release at 4:00 p.m. ET; conference call at 5 p.m. ET
  • Projected EPS: $1.27
  • Projected revenue: $71.08 billion

Google’s parent company will likely have a strong quarter due to YouTube’s strength, he predicted.

Microsoft

  • First Quarter 2023 Earnings Release at 4:05 p.m. ET; conference call at 5:30 p.m. ET
  • Projected EPS: $2.31
  • Projected revenue: $49.66 billion

Cramer said he expects the stock to jump after reports from the company.

Wednesday: Meta, Ford

Meta

  • Third Quarter 2022 Earnings Release at 4:05 p.m. ET; conference call at 5 p.m. ET
  • Projected EPS: $1.90
  • Projected revenue: $27.47 billion

He called himself the “only believer” of Facebook’s parent company.

Ford

  • Third Quarter 2022 Earnings Release at 4:05 p.m. ET; conference call at 5 p.m. ET
  • Projected EPS: 27 cents
  • Projected revenues; $37.46 billion

While the demand is there for Ford’s vehicles, the supply isn’t, Cramer said.

Thursday: Apple, Amazon

Apple

  • Fourth Quarter 2022 Earnings Release at 4:30 p.m. ET; conference call at 5 p.m. ET
  • Projected EPS: $1.27
  • Projected revenue: $88.79 billion

Cramer said he’s sticking to his “own it, don’t trade it” mantra when it comes to Apple.

Amazon

  • Third Quarter 2022 Earnings Release at 4:00 p.m. ET; conference call at 5:30 p.m. ET
  • Projected EPS: 22 cents
  • Projected revenue: $127.49 billion

Cramer said he likes the company, especially because its cloud business seems to be doing well.

Friday: Colgate-Palmolive

  • Third Quarter 2022 Earnings Release at 7:00 a.m. ET; conference call at 8:30 a.m. ET
  • Projected EPS: 73 cents
  • Projected revenues; $4.47 billion

There are better consumer packaged goods games than Colgate, he said.

Disclaimer: Cramer’s Charitable Trust owns shares of Halliburton, Alphabet, Microsoft, Meta, Ford, Apple and Amazon.

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