A difficult week, prelude to election day


Wall Street will have to deal with a deluge of events that will move the market in the weeks to come.

With a busy week of big business set to report and lawmakers still negotiating a much-anticipated stimulus bill, investors will have a lot to digest as the presidential election and the uncertainty therein associated are looming.

On Friday, CNBC’s Jim Cramer advised “Mad Money” viewers to be prepared to buy stocks in the event of a Washington-induced pullback.

“It’s a difficult week, a prelude to election day. Confusion awaits us,” he said. “I say proceed with caution, but if you like something, then do a little homework, then wait for the inevitable swoon and buy it in weakness.”

Cramer presented his market playbook for the coming week. All earnings projections are based on FactSet estimates:

Monday: Otis Worldwide, NXP Semiconductors, Twilio Results

Otis in the world

  • Publication of Q3 results: before market; conference call: 10 a.m.
  • Projected EPS: 56 cents
  • Projected revenue: $3.21 billion

“Otis relies more on servicing Chinese elevators than building American elevators,” Cramer said. “That makes for a terrific Biden action because people now perceive Biden to be soft on China, which means the Communist Party will be less likely to screw up Otis sales than if Trump wins again.”

NXP Semiconductors

  • Publication of Q3 results: after market; conference call: Tuesday, 8 a.m.
  • Projected EPS: $1.54
  • Projected revenue: $2.24 billion

“If the stock responds well, you can bet on a lot more upside for chipmakers and automakers,” he said.

Twilio

  • Publication of Q3 results: 4:05 p.m.; conference call: 5 p.m.
  • Projected loss per share: 4 cents
  • Forecast revenue: $407 million

“Twilio will help us determine if these high-flyers are ready to bounce back, because few companies are more valued than this software company that helps app developers connect with their customers,” the host said.

Tuesday: results from Pfizer, Merck, Eli Lilly, Caterpillar, Stanley Black & Decker, Microsoft, AMD

Pfizer

  • Publication of third quarter results: 6:45 a.m.; conference call: 10 a.m.
  • Projected EPS: 69 cents
  • Projected revenue: $12.31 billion

“Perhaps more importantly, we’ll learn how Pfizer’s vaccine comes in. We heard the president say it was right around the corner during last night’s debate,” Cramer said.

Merck

  • Publication of third quarter results: 6:45 a.m.; conference call: 8 a.m.
  • Projected EPS: $1.44
  • Projected revenue: $12.21 billion

Eli Lily

  • Publication of Q3 results: before market; conference call: 9 a.m.
  • Projected EPS: $1.71
  • Projected revenue: $5.88 billion

“In many ways, I care more about Covid therapeutics, though,” the host said. “That’s what Merck and Lilly are working on. If we can get you in and out of the hospital quickly with this horrible disease, while preventing long-term organ damage…that would be a game-changer.”

caterpillar

  • Publication of third quarter results: 6:30 a.m.; conference call: 8:30 a.m.
  • Projected EPS: $1.17
  • Projected revenue: $9.73 billion

“If you think the polls are right on a Biden win, you might want to buy some CAT before the quarter and then some after as the company would benefit from better relations with China,” he said. he declares.

Stanley Black & Decker

  • Publication of Q3 results: before market; conference call: 8 a.m.
  • Projected EPS: $2.69
  • Projected revenue: $3.99 billion

“I’m confident they will deliver good numbers,” he said.

Microsoft

  • Publication of the results for the first quarter of the 2021 financial year: after market; conference call: 5:30 p.m.
  • Projected EPS: $1.54
  • Projected revenue: $35.76 billion

“Microsoft CEO Satya Nadella is a magician. His only problem is that the company really has more business than it can handle,” Cramer said.

AMD

  • Publication of Q3 results: after market; conference call: 5 p.m.
  • Projected EPS: 35 cents
  • Projected revenue: $2.56 billion

“When AMD reports, I bet you’ll get something great,” he said.

Wednesday: United Parcel, Boeing, General Electric, Ford, ServiceNow, Etsy, Pinterest

Plain package

  • Release of third quarter results: 6:00 a.m.; conference call: 8:30 a.m.
  • Projected EPS: $1.90
  • Projected revenue: $20.21 billion

“We already know e-commerce is on fire. I expect great things from incoming CEO Carol Tome, formerly CFO of Home Depot,” Cramer said. “She’s a sensible leader. I think she’ll give you a tough, positive look at the holiday season.”

Boeing

  • Publication of Q3 results: before market; conference call: 10:30 a.m.
  • Projected loss per share: $2.30
  • Projected revenue: $14.4 billion

“I’ve been telling members of the ActionAlersPlus.com club that this is the quarter before the lowest quarter for the scruffy Boeing, which means it’s time to buy,” he said. “You don’t buy a dawn turnaround story. You buy it when it’s darkest before dawn.”

General Electric

  • Publication of Q3 results: before market; conference call: 8 a.m.
  • Projected loss per share: 4 cents
  • Projected revenue: $18.73 billion

“GE has a wind business that is doing very well… [and] a strong healthcare company. Not enough to intrigue yet,” the host said. “Could you please give GE three more months?

Ford

  • Publication of Q3 results: 4:05 p.m.; conference call: 5 p.m.
  • Projected EPS: 20 cents
  • Projected revenue: $35.73 billion

“I bless Ford buying pre- and post-quarter. We have a raging bull market in autos and that includes the lucrative F-150,” he said.

ServiceNow

  • Publication of Q3 results: after market; conference call: 5 p.m.
  • Projected EPS: $1.03
  • Projected revenue: $1.11 billion

“I expect an explosion from ServiceNow,” Cramer said.

Etsy

  • Publication of Q3 results: after market; conference call: 6 p.m.
  • Projected EPS: 56 cents
  • Forecast revenue: $412 million

“I love Etsy’s hot mask business,” Cramer said.

pinterest

  • Publication of Q3 results: after market; conference call: 4:30 p.m.
  • Projected EPS: 4 cents
  • Projected revenue: $380 million

“Pinterest is rising with Snap because their ads work,” he said.

Thursday: Amazon, Apple, Alphabet, Facebook, Starbucks earnings

Amazon

  • Publication of third quarter results: 4:01 p.m.; conference call: 5:30 p.m.
  • Projected EPS: $7.38
  • Projected revenue: $92.63 billion

“After the pandemic hit, Amazon took over the world,” Cramer said.

Apple

  • Publication of Q3 results: 4:30 p.m.; conference call: 5 p.m.
  • Projected EPS: 71 cents
  • Projected revenue: $63.98 billion

“Apple has its new 5G phone to brag about,” he said.

Alphabet

  • Publication of Q3 results: after market; conference call: 4:30 p.m.
  • Projected EPS: $11.30
  • Projected revenue: $42.78 billion

“Alphabet will miss because it almost always misses,” the host said. “At this point, I blame Wall Street for getting the estimates wrong.”

Facebook

  • Publication of Q3 results: 4:05 p.m.; conference call: 6 p.m.
  • Projected EPS: $1.89
  • Projected revenue: $19.77 billion

“I expect huge numbers from Facebook,” he said.

Starbucks

  • Publication of Q3 results: 4:05 p.m.; conference call: 5 p.m.
  • Projected EPS: 31 cents
  • Projected revenue: $6.06 billion

“As for Starbucks, it’s a work in progress. It will likely be impacted,” Cramer said. “I’m saying be patient, it will come right back if Biden wins the election because Starbucks’ future is in China and it will be easier for them to grow there if Beijing has a less adversarial relationship with the White House.”

Friday: Chevron and Exxon Mobil results

Chevron

  • Publication of third quarter results: 6:45 a.m.; conference call: 11 a.m.
  • Projected losses per share: 23
  • Projected revenue: $25.91 billion

“CEO Mike Wirth is so confident about his situation that I bet he’s talking about helping the environment,” Cramer said.

Exxon Mobil

  • Projected loss per share: 25 cents
  • Projected revenue: $45.38 billion

“Exxon better have something up their sleeve that allows them to protect the dividend, which is giving you a 10% yield right now,” he said.

Disclosure: Cramer’s charitable trust owns shares of Alphabet, Apple, Facebook, Amazon, Boeing, Starbucks, United Parcel, AMD and Microsoft.

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