Cramer Previews Earnings for Alcoa (AA), Pepsi (PEP), JPMorgan (JPM), Google (GOOG)
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Rating Summary:
15 Buy, 15 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 3
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CNBC’s Jim Cramer is getting bullish on Alcoa (NYSE: AA) ahead of its third-quarter earnings report after the close Tuesday. Alcoa is often considered the company which kicks off earnings season.
The pundit claims he is a buyer of the stock whether it is a $10 stock or a $7 stock.
A consensus of Wall Street analysts expect Alcoa to report $0.22 in earnings per share on $6.24 billion in revenue. Cramer believes analysts have reduced estimates on Alcoa so low that the company may actually be able to hit them. The bullish Cramer feels as long as the company does not release negative fourth quarter guidance, investors will take it as a positive and "Buy Buy Buy."
Looking ahead in the week, Cramer considered Pepsico (NYSE: PEP) earnings, expected out ahead of the opening bell Wednesday. Cramer highlights the company's 3.5 percent dividend yield and its global exposure, saying there isn’t a chance he’s not a buyer going into earnings. Pepsico is forecast to report $17.25 billion in sales and $1.30 in earnings per share for the quarter.
JPMorgan (NYSE: JPM) will be the first major bank to report its quarterly results, expected out on the morning of October 13th. Cramer is looking to the bank's CEO, Jamie Dimon, to boost the firm’s dividend and talk about growth to ease uncertainty. Analysts on the Street estimate $0.96 in earnings per share with $23.73 billion in sales for the quarter.
Safeway (NYSE: SWY) is also scheduled to release its quarterly figures on the morning of October 13th, but Cramer doesn’t expect to learn much from the report as the company's top retail competitors are gaining market share. Cramer said he truly doesn’t understand how someone can own shares of SWY. The Street's consensus is currently at $9.84 billion in sales with $0.35 per share in earnings.
Following the closing bell on October 13th, big dog Google (Nasdaq: GOOG) is scheduled to report its quarterly results. Cramer believes Google will report good numbers and is looking to its management team to address concerns of the so-called “spending problem” and increased competition from the likes of Facebook. The consensus has Google reporting $8.74 per share in earnings and $7.19 billion in sales for the quarter.
On Friday October 14th, toy maker Mattel (NYSE: MAT) will announce its quarterly numbers before the opening bell. Cramer is looking to see what management has up its pipeline. With a 3.4 percent dividend yield, Cramer calls the stock “a good speculative play.” Analysts currently estimate $0.86 per share in earnings and $1.97 billion in sales for the quarter.
The pundit claims he is a buyer of the stock whether it is a $10 stock or a $7 stock.
A consensus of Wall Street analysts expect Alcoa to report $0.22 in earnings per share on $6.24 billion in revenue. Cramer believes analysts have reduced estimates on Alcoa so low that the company may actually be able to hit them. The bullish Cramer feels as long as the company does not release negative fourth quarter guidance, investors will take it as a positive and "Buy Buy Buy."
Looking ahead in the week, Cramer considered Pepsico (NYSE: PEP) earnings, expected out ahead of the opening bell Wednesday. Cramer highlights the company's 3.5 percent dividend yield and its global exposure, saying there isn’t a chance he’s not a buyer going into earnings. Pepsico is forecast to report $17.25 billion in sales and $1.30 in earnings per share for the quarter.
JPMorgan (NYSE: JPM) will be the first major bank to report its quarterly results, expected out on the morning of October 13th. Cramer is looking to the bank's CEO, Jamie Dimon, to boost the firm’s dividend and talk about growth to ease uncertainty. Analysts on the Street estimate $0.96 in earnings per share with $23.73 billion in sales for the quarter.
Safeway (NYSE: SWY) is also scheduled to release its quarterly figures on the morning of October 13th, but Cramer doesn’t expect to learn much from the report as the company's top retail competitors are gaining market share. Cramer said he truly doesn’t understand how someone can own shares of SWY. The Street's consensus is currently at $9.84 billion in sales with $0.35 per share in earnings.
Following the closing bell on October 13th, big dog Google (Nasdaq: GOOG) is scheduled to report its quarterly results. Cramer believes Google will report good numbers and is looking to its management team to address concerns of the so-called “spending problem” and increased competition from the likes of Facebook. The consensus has Google reporting $8.74 per share in earnings and $7.19 billion in sales for the quarter.
On Friday October 14th, toy maker Mattel (NYSE: MAT) will announce its quarterly numbers before the opening bell. Cramer is looking to see what management has up its pipeline. With a 3.4 percent dividend yield, Cramer calls the stock “a good speculative play.” Analysts currently estimate $0.86 per share in earnings and $1.97 billion in sales for the quarter.
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