Earnings will be front and center when investors return for next week’s trading, Jim Cramer told his Mad Money viewers Friday. And it’s a whole lot easier to buy the stock of companies that are making money versus those that only dream about making money.
Cramer’s gameplay for next week starts on Monday by looking at the fallout from Omicron, as the magnitude of this most recent Covid wave will impact all of the travel and leisure stocks. Monday also begins the week-long JP Morgan Chase Healthcare Conference, the annual event that Cramer said is a “must-follow” for investors.
Next, on Tuesday, we’ll get earnings from grocer Albertson’s (ACI) – Get Albertsons Companies, Inc. Class A Report, and Cramer is expecting good news. He was also bullish about Dell’s (DELL) – Get Dell Technologies Inc Class C Report investor presentation, which promises to also be terrific.
On Wednesday, we’ll hear how rising mortgage rates are affecting home builder KB Home (KBH) – Get KB Home Report.
Then on Thursday, Delta Air Lines (DAL) – Get Delta Air Lines, Inc. Report will update us on Omicron. Cramer said it’s not important what the state of travel is today, but what it could look like over the next six months.
Friday begins earnings for the financials, and with interest rates on the rise, the news should be good for Wells Fargo (WFC) – Get Wells Fargo & Company Report, BlackRock (BLK) – Get BlackRock, Inc. Report, Citigroup (C) – Get Citigroup Inc. Report and JPMorgan Chase & Co. (JPM) – Get JPMorgan Chase & Co. Report.
How to fix Twitter
What’s the most undervalued brand in America? According to Cramer, it’s Twitter (TWTR) – Get Twitter, Inc. Report, and he offered up his opinions on how to fix it. Twitter is broken, Cramer explained, but with a new CEO, now is the time to hit the reset button.
The biggest change Cramer would make is to create two Twitters. The free, anonymous, ad-supported Twitter can stay, but it needs to be paired with a new, paid and curated version where everyone uses their real names. This will allow the platform to gain users as the trolls will be eliminated, allowing real conversations to happen.
Cramer’s other big suggestion was to buy Nextdoor (KIND) – Get Nextdoor Holdings, Inc. Class A Report, the locally-oriented social network that would make the perfect addition to the Twitter family …….