Cramer on 10 stocks reporting earnings next week; calls two buys
Earnings season next week goes into overdrive as more than 150 companies in the S & P 500 report their quarterly results. Most of the “Magnificent Seven” tech firms are among them. With Tesla already out and Nvidia not out until Nov. 19, that leaves Alphabet and Club names Amazon , Apple , Meta Platforms , and Microsoft . In total, 10 companies in the portfolio are on next week’s list. Here is where Jim Cramer stands on each. Tuesday Corning reports its third-quarter earnings before Tuesday’s open. The specialty glass maker is our newest stock in the portfolio. We started a small position a couple of weeks ago to give us some room to buy on a pullback. Jim expects the company’s results are “going to be blowout” fueled by surging sales in its optical communication enterprise business tied to growing AI demand. “If you don’t have a position in Corning, you probably want to put some on before and after,” Jim said. Wednesday Boeing delivers its third-quarter results before Wednesday’s open. We’re looking out for what the non-cash charge will be for the 777x program, the company’s next-generation, long-haul jet. The aerospace giant will be raising its production of the 737 Max, making room for more deliveries and stronger free cash flow.ย The management team should be “talking about a series of orders,” coming in, Jim said, adding that “if you don’t have any Boeing, it’s not too late to buy.” Starbucks reports its fiscal fourth quarter after Wednesday’s closing bell. Jim believes this will be the “last bad quarter” for the coffee giant, which is still in the midst of a turnaround headed by CEO Brian Niccol, who did wonders when he led Chipotle . Jim interviewed Niccol last week and came away optimistic about the company’s trajectory in 2026. Meta is out Wednesday evening with third-quarter earnings. The social media giant is “getting a lot of advertising business, doing a lot of things very right,” Jim said. The mega cap tech giant has been at the forefront of the most talked about theme this year โ and likely next โ which companies will be among the AI winners. Microsoft reports its fiscal 2026 first quarter, also after the close Wednesday. Jim sees upside to the numbers, citing the Windows refresh driven by personal computer shipments and its cloud business Azure, which is “going quite well” and likely taking share in the cloud computing market. Thursday Bristol Myers Squibb reports its third quarter before the opening bell Thursday. Jim thinks the biopharmaceutical company’s results “will disappoint.” We invested in the company for the promise of Cobenfy, a prescription used to treat schizophrenia. Unfortunately, a major drug trial for a new indication went poorly. Barring any positive Cobenfy news, our thesis must be reassessed. Bristol Myers shares have lost 22% year to date. Drugmaker Eli Lilly also reports before the open. Jim said, “We’re not going to see anything rally” from the Mounjaro and Zepbound maker unless there’s a positive update on the cost of GLP-1 drugs. “That’s unfortunate because I think that [Lily] is going very, very well,” Jim said. Amazon , out with Q3 results after Thursday’s close, is going to have to show revenue acceleration “back to 2021” levels in its cloud business, Jim noted. This would help Amazon Web Services shake off the narrative that its cloud growth has seen better days. Apple also reports Thursday evening. Jim feels confident in the iPhone maker’s fiscal fourth quarter, given signals that the new iPhone models are selling better than many had expected. The stock surged to an all-time intraday high Monday after positive commentary from Wall Street analysts and upbeat iPhone demand data. Friday Linde reports its third-quarter before Friday’s open. Jim is comfortable heading into the quarter after the industrial gas giant’s recent upbeat fireside chats with analysts. Jim said he “likes that situation,” referring to the company as “one of the most reliable stocks we own for the Club.” (Jim Cramer’s Charitable Trust is long GLW, BA, SBUX, META, MSFT, BMY, LLY, AMZN, AAPL, LIN. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
