CNBC’S Jim Cramer said Friday that investors are getting an opportunity to buy shares of high-quality companies after a tough day of trading on Wall Street to close out the month.

The major averages all fell less than 1% in the final session of April, making it a losing week for both the Dow Jones Industrial Average and the Nasdaq Composite.

Considering the full month, the Dow rose 2.71% while the S&P 500 and Nasdaq advanced more than 5% as investors digested corporate earnings reports.

“As we head into next week … remember that this earnings season has very high standards,” the “Mad Money” host said. “Keep your eyes peeled for more stocks that could get crushed in the wake of great quarters, and then do some buying.”

Cramer gave his game plan for the week ahead. Earnings-per-share projections are based on FactSet estimates:

Monday: Estee Lauder, Diamondback Energy earnings

Tuesday: Pfizer, CVS, DuPont, AT&T, T-Mobile earnings

Wednesday: General Motors, Scotts Miracle-Gro, PayPal, Twilio earnings

Thursday: ViacomCBS, Regeneron, Penn National Gaming, Roku, Peloton, AMC Entertainment earnings

ViacomCBS

  • Q1 earnings release: before market; conference call: 8:30 a.m.
  • Projected EPS: $1.22
  • Projected revenue: $7.33 billion

“We don’t really know where Viacom’s stock deserves to trade, given that it was bid up to more than twice where it is now by a foolish hedge fund, Archegos, and then when that fund collapsed, so did this stock,” Cramer said.

Regeneron

  • Q1 2021 earnings release: before market; conference call: 8:30 a.m.
  • Projected EPS: $8.74
  • Projected revenue: $2.53 billion

“The health complex in Washington has not been kind to Regeneron,” he said.

Penn National Gaming

  • Q1 2021 earnings release: 7:00 a.m.; conference call: 9:00 a.m.
  • Projected EPS: 26 cents
  • Projected revenue: $1.14 billion

“Gambling’s been on a real run here, momentum,” the host said. “Has the partnership with Barstool brought in the gamblers that I think they have? I bet the numbers are good.”

Roku

  • Q1 2021 earnings release: after market; conference call: 5 p.m.
  • Projected loss per share: 15 cents
  • Projected revenue: $492 million

Peloton

  • Q3 2021 earnings release: after market; conference call: 5 p.m.
  • Projected loss per share: 12 cents
  • Projected revenue: $1.12 billion

“We’ve adjusted our habits and will keep doing some of this stuff when the pandemic’s over, but these two [stocks] are two of the most expensive stocks in the entire market,” Cramer said “Their winning might not translate into higher stock prices.”

AMC Entertainment

  • Q1 2021 earnings release: after market; conference call: 5 p.m.
  • Projected loss per share: $1.37
  • Projected revenue: $156 million

“It’s got so much stock for sale that I don’t think it can rally, even as the reopening will save the business,” he said.




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