Stock Tickers: KO, INTC, UTX, FCX, HON, JCI, CAT, SLB, MER, C, JPM, WFC, BAC
On tonight’s MAD MONEY on CNBC, Jim Cramer wanted to talk about all the earnings coming out next week that will benefit from the strong foreign currencies. Cramer said he thinks Coca-Cola (NYSE:KO) is going to beat earnings based on the weak dollar. He also thinks that Intel (NASDAQ:INTC) can go to $27.00 on earnings.
Three more Cramer likes headed into earnings are United Technology (NYSE:UTX), Freeport McMoRan (NYSE:FCX), and Honeywell Int’l (NYSE:HON). Johnson Controls (NYSE:JCI) could rally $10.00 off the $122.00 base. Caterpillar (NYSE:CAT) is one he thinks is that if you bet against you do it at your own risk because it’s headed up. Schlumberger (NYSE:SLB) is a $90.00 stock poised to go to $120.00 and he doesn’t even care about the quarter because they are in such a strong spot.
Cramer also thinks that any bank or brokerage stock will buyback stock and/or raise dividends to try to signal that nothing is wrong in the companies: Merrill Lynch (NYSE:MER), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), J.P.Morgan (NYSE:JPM), Bank of America (NYSE:BAC).
We’ll see. It will be nice to see how these react after earnings if they go up after each report. based on the recent miracle that the few stocks that manage to report or warn about bad earnings either still rally or barely trade off has to be somewhat comforting for investors.
Jon C. Ogg
July 13, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
