CNBC’s Jim Cramer on Friday told investors that stocks would likely continue to rally as long as the economy remains stable.
“Many companies have battened down the hatches, so to speak, and prepped for a recession. So if we don’t get a severe slowdown, they will indeed keep flying,” he said.
He also previewed next week’s slate of earnings. All earnings and revenue estimates are courtesy of FactSet.
Monday: Logitech
- Q2 2023 earnings release at 9 p.m. ET; conference call on Tuesday at 8:30 a.m. ET
- Projected EPS: 85 cents
- Projected revenue: $1.2 billion
Cramer said the stock could take a hit because of the slowdown in the PC market.
Tuesday: Halliburton, Coca-Cola, Alphabet, Microsoft
Halliburton
- Q3 2022 earnings release at 6:45 a.m. ET; conference call at 9 a.m. ET
- Projected EPS: 56 cents
- Projected revenue: $5.34 billion
Halliburton’s stock could soar after it reports earnings, he predicted.
Coca-Cola
- Q3 2022 earnings release at 6:55 a.m. ET; conference call at 8:30 a.m. ET
- Projected EPS: 64 cents
- Projected revenue: $10.52 billion
Cramer said he expects the company to have a strong quarter, similar to Pepsi-Co