Next week’s earnings all revolve around consumer spending, Jim Cramer told his Mad Money viewers Friday. But before you start buying what will likely be strong sales, consider where your favorite retail stocks have come from. Some stocks have already run big going into earnings, while others have a lot of catching up to do.
Cramer’s game plan starts on Monday with two electric vehicle stocks, Lordstown Motors and Fisker . Lordstown has come under fire for overpromising, but Fisker has a better story to tell.
Next, on Tuesday, the retail earnings start in earnest with Walmart , Home Depot and Macy’s , as well as game maker Take-Two Interactive . Cramer was bullish on Walmart and Home Depot but felt it was still early for Macy’s. He said Take-Two isn’t going away anytime soon.
Wednesday we’ll hear from Lowes , Target and TJX Companies , along with Analog Devices and Cisco Systems in the tech sector. Cramer expected all of these results to be spectacular.
Then on Thursday, we’ll hear from Kohl’s , which has not been one of the best retail stories. Cramer was more upbeat on Ralph Lauren and Petco . Also reporting is Hormel Foods , which has run ahead of earnings, Applied Materials and the best earnings of the week, Palo Alto Networks , as cybersecurity remains top of mind in lieu of recent attacks