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Cramers week ahead: Retail giants report with all eyes on the buyer

CNBC’s Jim Cramer on Monday said that week’s economic data releases and retailer earnings reports gives important insights in to the state of the American consumer and, subsequently, inflation.

“This week is really a referendum on the buyer,” he said.

The “Mad Money” host said he’s watching for the release of the Federal Reserve’s July meeting notes on Wednesday, since which will shed more light on the central bank’s plans for future interest increases.

He also said he’s watching for retail sales numbers this week to glean more info about whether inflation can continue steadily to drop.

“Only way inflation will keep coming down would be to stop the endless buying,” Cramer said.

However, he said this week’s earnings will reveal more concerning the state of the buyer than macroeconomic data. All earnings and revenue estimates are thanks to FactSet.

Tuesday: Walmart, Home Depot

Walmart

  • Q2 2023 earnings release at 7 a.m. ET; conference call at 8 a.m. ET
  • Projected EPS: $1.62
  • Projected revenue: $150.99 billion

Home Depot

  • Q2 2022 earnings release at 6 a.m. ET; conference call at 9 a.m. ET
  • Projected EPS: $4.95
  • Projected revenue: $43.36 billion

Wednesday: Lowe’s, Target, Analog Devices, TJX Companies, Cisco

Lowe’s

  • Q2 2022 earnings release at 6 a.m. ET; conference call at 9 a.m. ET
  • Projected EPS: $4.58
  • Projected revenue: $28.12 billion

Target

  • Q2 2022 earnings release at 6: 30 a.m. ET; conference call at 8 a.m. ET
  • Projected EPS: 79 cents
  • Projected revenue: $26.03 billion

“For the longest time, Home Depot was much better than Lowe’s, and Walmart was much better than Target. Now, Home Depot’s better for professionals and Lowe’s is way better for do-it-yourself-ers. If you ask me, that means own house Depot and steer clear of Lowe’s,” Cramer said.

Analog Devices

  • Q3 2022 earnings release at 7 a.m. ET; conference call at 10 a.m. ET
  • Projected EPS: $2.43
  • Projected revenue: $3.06 billion

Cramer recommended that investors own the semiconductor play.

TJX Companies

  • Q2 2023 earnings release at 9: 30 a.m. ET; conference call at 11 a.m. ET
  • Projected EPS: 67 cents
  • Projected revenue: $12.05 billion

Cramer suggested that investors grab some shares of TJX, which operates stores including T.J.Maxx and Marshalls, after it reports, since discount retailers have a tendency to prosper when regular retailers have to dump their excess inventory.

Cisco

  • Q4 2022 earnings release at 4: 05 p.m. ET; conference call at 4: 30 p.m. ET
  • Projected EPS: 82 cents
  • Projected revenue: $12.73 billion

Cisco’s stock will spike if there’s worthwhile news on the quarter, Cramer predicted, adding he expects the stock to carry at its current level even on bad news because of its dividend.

Thursday: Kohl’s, Estee Lauder

Kohl’s

  • Q2 2022 earnings release at 7 a.m. ET; conference call at 9 a.m. ET
  • Projected EPS: $1.12
  • Projected revenue: $3.95 billion

Cramer said he’s seeking to see if the business will put on irrelevancy or show an indicator that it is changing for the higher.

Estee Lauder

  • Q4 2022 earnings release between 6: 30 a.m. and 6: 45 a.m. ET; conference call at 9: 30 a.m. ET
  • Projected EPS: 32 cents
  • Projected revenue: $3.42 billion

He said he’s watching for news on if the company will buy Tom Ford.

Friday: Deere

Deere

  • Q3 2022 earnings release at 6: 45 a.m. ET; conference call at 10 a.m. ET
  • Projected EPS: $6.65
  • Projected revenue: $12.93 billion

Cramer said he’s worried supplying chain issues that Deere along with other companies may be facing is a hurdle in the Fed’s fight to tamp down inflation.

Cramer’s Charitable Trust owns shares of Cisco.

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