CNBC’s Jim Cramer on Friday outlined his game plan for next week after Wall Street concluded its first five trading sessions of 2022.
The “Mad Money” host said it’s “a bit of an odd time” for markets right now, “almost as if many stocks have to take their medicine and then get back on track. “
“This week we saw the unprofitable techs get a drubbing, which then spread into the more mature, profitable ones,” Cramer said. However, he added, “it’s a heck of a lot easier to buy the stock of an established company that’s actually making money. Yep, earnings are what matters again, tangible GAAP earnings.”
Here’s what Cramer is watching for next week. All revenue and earnings estimates are from FactSet.
Jim Cramer’s game plan for the trading week of Jan. 10.
Mad Money with Jim Cramer
JPMorgan Health Care Conference
Now in its 40th year, the JPMorgan Health Care Conference is a hugely influential event, Cramer said, explaining that company presentations made there are known to move stocks. The virtual conference starts Monday and lasts through Thursday.
- Q2 2022 earnings before the bell; conference call at 8:30 a.m. ET Monday
- Projected loss: Loss of 7 cents per share
- Projected revenue: $200 million
- Q3 2021 earnings before the open; conference call at 8:30 a.m. Tuesday
- Projected EPS: 61 cents
- Projected sales: $16.34 billion
While shares of Albertsons have pulled back from…
