Have solid names and have money to jump in the market

CNBC’s Jim Cramer said on Friday that supporting the current market is a waiting game for a rally — and investors need to be prepared for when that happens.

“Your portfolio should be split between some cash and some stocks that can thrive in a recession. … You have to accept the fact that we’re simply trying to stay in the game until times get better,” the “Mad Money” host said. . .

“But when we get to the promised land, it will be worth it, because that’s when inventories start to spike again,” he added.

The market ended a busy week of trading on Friday. While the market rallied Wednesday afternoon after the Federal Reserve’s decision to raise interest rates by 50 basis points, Thursday and Friday’s losses demolished those gains. One basis point equals 0.01%.

Cramer said he will be on the lookout for the April consumer price index release next week. “If we get a weaker CPI index, the market could bounce back,” he said.

He also previewed next week’s earnings list. All earnings and revenue estimates are courtesy of FactSet.

Monday: Tyson Foods, BioNTech

Tyson Foods

  • Second quarter 2022 earnings release before the bell; conference call at 9 am ET
  • Designed EPS: $1.89
  • Projected revenue: $12.84 billion

Cramer said he expects any news indicating that food prices are falling.

BioNTech

  • First quarter 2022 earnings release before the bell; conference call at 8 am ET
  • Designed EPS: $9.65
  • Projected revenue: $4.57 billion

Information on any developments regarding China’s Covid-19 vaccination plans would be helpful, Cramer said.

Tuesday: Peloton, Roblox, RealReal

Peloton

  • Third quarter 2022 earnings release before the bell; conference call at 8:30 am ET
  • Projected loss: 84 cents per share
  • Projected revenue: $969 million

“I bet we’ll eventually see some sort of ‘WeCrashed’ TV series about Peloton – if not ‘The Dropout’ – and I wonder who’s going to write the script first,” the ‘Mad Money’ host said, referring to to the television dramas detailing scandals at WeWork and Theranos, respectively.

roblox

  • First quarter 2022 earnings release after closing; conference call on Wednesday at 8:30 am ET
  • Projected loss: 23 cents per share
  • Projected sales: $659 million

“Fantastic company, bad inventory… We keep in the penalty box that all things [metaverse] belong now,” Cramer said.

RealReal

  • First quarter 2022 earnings release after closing; conference call at 5pm ET
  • Projected loss: 54 cents per share
  • Projected revenue: $136 million

Cramer said he doesn’t understand why stocks are falling.

Wednesday: Wendy’s, Rivian

Wendy’s

  • Q1 2022 before the bell; conference call at 8:30 am ET
  • Projected EPS: 18 cents
  • Projected revenue: $497 million

Cramer said he is interested in whether the company is having staffing problems at its restaurants, like others in the industry.

Rivian

  • First quarter 2022 earnings release after closing; conference call at 5pm ET
  • Projected loss: $1.41 per share
  • Projected revenue: $133 million

Cramer said he wants to know whether Rivian will allow Ford to sell its stake in the electric vehicle maker.

Thursday: Toast, Poshmark

Toast bread

  • First quarter 2022 earnings release after closing; conference call at 5pm ET
  • Projected loss: 13 cents per share
  • Projected revenue: $487 million

Cramer said it’s “anti-Toast” because there are so many players in the restaurant point-of-sale management space.

Poshmark

  • First quarter 2022 earnings release after closing; conference call at 4:45 pm ET
  • Projected loss: 25 cents per share
  • Projected revenue: $87.6 million

Cramer said he will tune in to hear about the company, which he says has hurt investors who bought his shares.

Disclosure: Cramer’s Charitable Trust owns shares in Ford.

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