The COVID-19 is affecting the economy as well as business earnings all around the world. For instance, CNBC Jim Cramer came forth to preview the gains in detail. Cramer says that the coming week earnings will be a more stringent test. He also notes February and March as hideous months, and probably April is to give a bounce. Jim says that for once, the stoke market functioned as a stock market.
According to Jim, the Dow Jones Industrial Average hiked by two hundred and sixty points while the S&P 500 climbed by 1.39%. Similarly, he notes that the Nasdaq Composite advanced by 1.65 percent. Since the pandemic hit, the Dow is down by more than 38 percent from its peak close. According to Jim review, it is the 14th instance the Dow closed either up or down with 300 points in a single trading day. Cramer also comments on financial earnings reports, and all are estimates base on FactSet projections.
Mondays’ NXP earnings
As of Monday, NXP semiconductors reported its first-quarter income after the market shuts down. Following the previous reports, the mobile producer giant is to hold a conference call on Tuesday morning. Statistics show that the projected revenue is $2 billion. Besides, the projected earn per sale is $1.41.
According to Cramer, the chipmaker company released updates on its earning on Thursday last week. Jim also says the chip makers should focus on the approach to Apple because they have a window into the Apple Company.
Pepsico, Caterpillar, 3M, Merck, and Pfizer Tuesdays’ income
According to the news, Pepsico reported its first quarter on Tuesday morning. Its projected revenue hits around $13.2 billion while earn per sale is $1.03. Cramer says the Company is to put up terrific numbers. Pepsico Company is more diversified as they own Frito-Lay. Furthermore, people working from home can not resist their products. On the other hand, Pepsico rival Coca- Cola saw a remarkable fall in its soft drink business.
Caterpillar Company also reported before re-opening of the markets. The projected revenue hits $11 billion, whereas the projected earn per sale is $1.69. Cramer says it will take a miracle for them to end up with significant results as their market is considerably weak. 3M also reports its first-quarter before the opening bell. The projected revenue is $7.9 billion, whereas the projected earn per sale is $2.03. Cramer says at the moment, 3M is selling huge from its masks but many of their end market sack.
Pfizer reports its quarterly before the market opens. The projected revenue is $11.17 billion, whereas the projected earn per sale is seventy cents. Cramer acknowledges the Company for good things, including the effortful work of a COVI-19 vaccine. Merck reports its results from the last three months of the year. The projected revenue stands at $11.48 billion, but the projected earn per sale is $1.34.
Conclusion
On Friday, Estee lauder, Honeywell as well Colgate reported their earnings. Estee Lauder projects revenue worth $3 billion and seventy-five cents for EPS. Cramer says the Company has a lot to expose to southern Asia. He thinks the market will recover if people in the area are buying makeup.
Honeywell projects $8.6 for revenue and $1.96 for EPS. Cramer sees an excellent buying opportunity for the firm. Colgate- Palmolive first-quarter earnings projects $1.7 billion on income and seventy-three cents for EPS. Clorox projects revenue worth $1.7 billion and $1.67 for EPS. Cramer bets both Colgate and Clorox see a surprise to the upside as the entire world is on a cleanliness thrill.
More:
- Netflix Blows Away New Subscriber Expectations
- A Guide To Flattening The COVID-19 Curve, Not The Economy
