Monday, December 6th, 2021

Retail earnings to reveal effects of higher prices


“You’ve got all these stentorian hedge fund billionaires who’re eager to shoot at the great growth stocks of this era, especially the Nasdaq names. They come on air and blast these stocks, then look like morons when the high-fliers come roaring back a few days later,” Cramer said about this week’s market. “It was the short-sellers covering” that sent the market up late in the week, he added.

Next week, Cramer said, “Look for a week where the shorts are still trapped, the consumer is robust, and tech falters, if only because it has run so much. But therein lies the opportunity, is to wait to the falter. I lot of these stocks have run too much.” He also said to watch oil to see if it’s topped.

There’s a long list of retail earnings that will provide a glimpse into how American consumers feel about spending their money and whether they’re becoming more frugal as prices soar. Investors also hope to get a sense of what these companies, including Walmart and Target, expect heading into the holiday shopping season.

Here’s what the “Mad Money” host will be watching. All revenue and earnings per share estimates are from FactSet. All times are ET.

Monday: Tyson Foods and Lucid

Tyson Foods

  • Q4 2021 earnings before the bell, conference call at 9 a.m.
  • EPS estimate $2.22
  • Revenue $12.66 billion

“If you’re searching for inflation,” Cramer said, “you’ll find it at Tyson Foods.” He added, “We know food inflation’s hitting everyone hard. Tyson will hurt the bull case for certain.”

Lucid Group

  • Q3 2021 results after the bell, conference call at 5 p.m.
  • Per-share estimated loss ($0.25)
  • Revenue $1.3 million

“The luxury electric vehicle maker … might be due for a revaluation after Rivian’s monster move this week,” Cramer said. “We’ll be in San Francisco next week, where we hope to catch a glimpse of Lucid’s car. I think this is one of a handful of companies that’s ushering in the twilight of the internal combustion engine. … You know I like Tesla and Rivian, but given the state of this market, I’m betting any of them can work here.”

Tuesday: Walmart and Home Depot

Wednesday: Target, Cisco and Nvidia

Thursday: Macy’s, Kohl’s, Applied Materials, Workday and Palo Alto Networks

Macy’s

  • Q3 2021 before the bell, conference call at 8 a.m.
  • EPS estimate $0.30
  • Revenue $5.19 billion

Kohl’s

  • Q3 2021 earnings before the bell, conference call at 9 a.m.
  • EPS estimate $0.70
  • Revenue $4.26 billion

“As I keep telling you, I love retail right now because the consumer’s so strong that it can trump any worries about a lack of inventory,” Cramer said. “What matters is there are very few promotions going on. They can sell almost everything at full-price that they have, and that sends their stocks higher.”

Applied Materials

  • Q4 2021 earnings after the bell, conference call at 4:30 p.m.
  • EPS estimate $1.96
  • Revenue $6.38 billion

“Applied Materials tends to trade with Micron, the big commodity chipmaker, and Micron’s been red-hot all week, although no one’s talking about it except for me,” Cramer said.

Intuit

  • Q1 2022 earnings after the bell, conference call at 4:30 p.m.
  • EPS estimate 97 cents
  • Revenue $1.81 billion

“We also hear from Intuit, the small business owner’s best friend. This software company’s been consistently fabulous. It will be fabulous again,” Cramer said.

Workday

  • Q3 2022 earnings after the bell, conference call 4:30 p.m.
  • EPS estimate $0.87
  • Revenue $1.31 billion

“There’s Workday, the cloud based human capital and actual capital management software play. I think Workday’s last acquisition is just crushing it. That last quarter was amazing for them,” Cramer said.

Palo Alto Networks

  • Q1 2022 earnings after the bell, conference call at 4:30 p.m.
  • EPS estimate $1.57
  • Revenue $1.2 billion

“With so many people still working from home, I think this is a golden age for cyber-security companies,” Cramer said. “The last few quarters have been extraordinary [at Palo Alto]. You know what, you’re going to get another one.”

Friday: Foot Locker



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