[CNBC Television] Jim Cramer previews Lennar, FedEx, Adobe earnings reports
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“Mad Money“ host Jim Cramer discussed what he’s looking to hear in the quarterly reports from FedEx, Adobe and Lennar. Subscribe to CNBC PRO for access to investor and analyst insights:
Below is a snapshot of Cramer’s thoughts on earnings reports and corporate events to come. All projections are based on FactSet estimates:
Monday: Lennar earnings; Pfizer analyst meeting
Lennar
Q3 fiscal 2020 earnings release: after market; conference call: Sept. 15, 11 a.m.
Projected EPS: $
Projected revenue: $ billion
“We know housing’s been among the strongest groups this year, thanks to low mortgage rates and the counter-urban trade. That’s how Lennar could rally 37% for 2020,” Cramer said. “I want to know if Lennar’s building offices into houses and if potential homeowners want those features.”
Pfizer
Investor Day, Day 1: 1 p.m.
Investor Day, Day 2: 10 a.m.
“There’s no way anyone makes big money off a vaccine. Every country on Earth is going to put price controls on this thing,” he said. “When it comes to Big Pharma, I care about potential blockbusters, and that’s why I’ll be paying close attention when Pfizer holds its virtual analyst meeting on Monday.”
Tuesday: FedEx, Adobe earnings; Camping World, KraftHeinz, Peloton analyst meetings
FedEx Corp.
Q1 fiscal 2021 earnings release: 4:45 p.m.; conference call: 5:30 p.m.
Projected EPS: $
Projected revenue: $17.5 billion
“FedEx can talk Christmas surcharge,” Cramer said, “and overseas strength, including China. I bet they’ll be ready for the holidays this time. I’m so confident about this one that if it rallies too much on Monday ... go buy some United Parcel because I think the pin action is going to be incredibly strong.”
Adobe
Q3 fiscal 2020 earnings release: 4:05 p.m.; conference call: 5:00 p.m.
Projected EPS: $
Projected revenue: $ billion
“No fewer than five analysts have boosted numbers or upgraded this company in the last five days, and I’m betting Adobe could have a very good year in 2021,” he said.
Camping World
Investor Day: 12 p.m.
“I bet it goes higher after CEO Marcus Lemonis ... fleshes out how amazingly positive the pandemic has been for the camping business,” the host said. “In this age of social distancing, camping’s arguably the safest way to take a vacation. I think Camping World is crushing it.”
Kraft Heinz
Investor Day: 8 a.m.
“When we got into that lockdown, the company got some real adherents as their old brands suddenly came back to life,” he said. “But now the pantry’s been stocked, and we have to wonder whether Kraft Heinz is seeing continued strength like B&G Foods or Campbell Soup.”
Peloton
Analyst and Investor Meeting: 1 p.m.
“Just when you thought we’d heard enough about Peloton after last night’s phenomenal quarter, they’re holding an analyst meeting, too,” he said. “Promising new equipment, maybe even more of an ecosystem. As long as gyms are closed because they’re potential Covid hotspots, Peloton should keep selling lots of exercise equipment.”
Wednesday: Federal Reserve briefing; Herman Miller earnings
Fed Chairman Jerome Powell is expected to hold a briefing after the central bank wraps up its final two-day meeting before the November election.
“I think he’ll urge Congress to pass some kind of bailout for the industries that have been forced to shut down,” Cramer said.
Herman Miller
Q1 fiscal 2021 earnings release: after market; conference call: Sept. 17, 9:30 a.m.
Projected EPS: 26 cents
Projected revenue: $525 million
“I keep wondering why the heck the stock of Herman Miller, the maker of stylish office chairs, has basically been flatlining for months,” he said. “Everyone else that’s connected to the remote work thesis is on fire.”
Thursday: Moderna
Moderna
R&D Day: 8 a.m.
“I’d love to hear what else they have in the pipe besides their potential Covid-19 franchise. Maybe they’ll give us an update on how the big vaccine trial is going,” Cramer said.
Friday: Mosaic
Mosaic
Analyst meeting: 9 a.m.
“If Mosaic says anything good about farmers, that should immediately translate into even more buying in the stock of John Deere, which has been an incredible performer,” Cramer said.
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