Having strong names and having the money to bounce back in the market – Reuters

CNBC’s Jim Kramer said Friday that the current market’s bearing is a waiting game for a rally — and investors should be prepared for that time.

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

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

The market concluded a turbulent 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. One basis point equals 0.01%.

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

He also previewed next week’s results list. All earnings and income estimates are provided by FactSet.

Monday: Tyson Foods, Bioantek

Tyson Foods

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

Cramer said he hoped to receive news of lower food prices.

Biotechnology

  • publish first-quarter results of 2022 before the bell; Conference call at 8 a.m. ET
  • Expected EPS: $9.65
  • Expected revenue: $4.57 billion

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

Tuesday: Peloton, ROBLOX, Real Madrid

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  • publish third-quarter 2022 results 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 kind of WeCrashed TV series on Peloton – if not ‘The Dropout’ – and I wonder who would write the script first,” said the host of “The Mad Money,” referring to TV series detailing the scandals in WeWork and Theranos respectively.

Roblox

  • Publication of results for the first quarter of 2022 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 most of all [metaverse] Kramer said.

RealReal

  • Publication of results for the first quarter of 2022 after closing; Conference call at 5 p.m. ET
  • Expected loss: 54 cents per share
  • Expected revenue: $136 million

Cramer said he didn’t understand why the stock was 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 wanted to know if the company was having problems with staffing at its restaurants like other restaurants in the industry.

Rivian

  • Publication of results for the first quarter of 2022 after closing; Conference call at 5 p.m. ET
  • Expected loss: $1.41 per share
  • Expected revenue: $133 million

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

Thursday: Toast, Bushmark

Toast

  • Publication of results for the first quarter of 2022 after closing; Conference call at 5 p.m. ET
  • Expected loss: 13 cents per share
  • Expected revenue: $487 million

Kramer said he was “against toast” because there are so many players in the restaurant outlet management space.

luxury brand

  • Publication of results for the first quarter of 2022 after closing; Conference call at 4:45 p.m. ET
  • Expected loss: 25 cents per share
  • Expected revenue: $87.6 million

Cramer said he would listen to company news that he said was hurting investors who bought his shares.

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

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