Amazon, Apple, Alphabet report when the season heats up

CNBC̵[ads1]7;s Jim Cramer told investors on Friday that stocks will likely continue to do well as long as the economy holds up.

“A lot of companies have battened down the hatches, so to speak, preparing for a recession. So if we don’t get a serious downturn, they’re really going to keep flying,” he said.

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

Monday: Logitech

• Q2 2023 results announcement at 9 p.m. ET; conference call on Tuesday at 8:30 a.m. ET
• Estimated EPS: 85 cents
• Estimated revenue: $1.2 billion

Cramer said the stock could take a hit due to the slowdown in the PC market.

Tuesday: Halliburton, Coca-Cola, Alphabet, Microsoft

Halliburton

• Q3 2022 earnings announcement at 6:45 a.m. ET; conference call at 9:00 a.m. ET
• Estimated EPS: 56 cents
• Estimated revenue: $5.34 billion

Halliburton’s stock could rise after it reports earnings, he predicted.

Cola

• Q3 2022 earnings announcement at 6:55 a.m. ET; conference call at 8:30 a.m. ET
• Estimated EPS: 64 cents
• Estimated revenue: $10.52 billion

Cramer said he expects the company to have a strong quarter, similarly Pepsi-Co‘s.

Alphabet

• Q3 2022 results announcement at 4:00 p.m. ET; conference call at 5 p.m. ET
• Estimated EPS: $1.27
• Estimated revenue: $71.08 billion

The Google parent company is likely to report a solid quarter on the strength of YouTube, he predicted.

Microsoft

• Income statement for the 1st quarter 2023 at 4:05 p.m. ET; conference call at 5:30 p.m. ET
• Estimated EPS: $2.31
• Estimated revenue: $49.66 billion

Cramer said he expects the stock to jump after the company’s reports.

Wednesday: Meta, Ford

Meta

• Q3 2022 results announcement at 4:05 p.m. ET; conference call at 5 p.m. ET
• Estimated EPS: $1.90
• Estimated revenue: $27.47 billion

He called himself the “sole believer” of the Facebook parent company.

Ford

• Q3 2022 results announcement at 4:05 p.m. ET; conference call at 5 p.m. ET
• Estimated EPS: 27 cents
• Estimated income; 37.46 billion dollars

While the demand is there for Ford’s vehicles, the supply is not, Cramer said.

Thursday: Apple, Amazon

apple

• Q4 2022 earnings announcement at 4:30 p.m. ET; conference call at 5 p.m. ET
• Estimated EPS: $1.27
• Estimated revenue: $88.79 billion

Cramer said he sticks to his “own it, don’t trade it” mantra when it comes to Apple.

Amazon

• Q3 2022 results announcement at 4:00 p.m. ET; conference call at 5:30 p.m. ET
• Estimated EPS: 22 cents
• Estimated revenue: $127.49 billion

Cramer said he likes the company, especially because its cloud business appears to be doing well.

Friday: Colgate-Palmolive

• Q3 2022 results announcement at 7 a.m. ET; conference call at 8:30 a.m. ET
• Estimated EPS: 73 cents
• Estimated income; 4.47 billion dollars

There are better consumer packages than Colgate, he said.

Disclaimer: Cramer’s Charitable Trust owns shares in Halliburton, Alphabet, Microsoft, Meta, Ford, Apple and Amazon.