“On the way to a moment of calm before the storm here”

Next week could be a relatively quiet time for Wall Street, CNBC’s Jim Cramer said Friday, but he advised investors to start preparing for the trading days on the horizon.

“Get ready. After next week, the onslaught of incomes and the Department of Labor’s all-important non-farm payroll issue are going to hit,” the host of “Mad Money” said. “After a crazy week of ups and downs … we are now heading for a time of calm before the storm here, and this storm could get a lot worse depending on what’s going on in China, where it doesn’t. there is no calm to be found at all. “

Here’s Cramer’s game plan for the week ahead. The revenue and earnings per share projections are based on FactSet estimates:

“Mad Money” hosts Jim Cramer’s list of key market events for the week of September 27th.

Crazy money

Monday: A new glimpse of Evergrande

Struggling Chinese real estate developer Evergrande has so far left investors uncertain whether it will meet its $ 83 million interest payment on its U.S. dollar bond, which had a deadline of Thursday. Concerns about Evergrande’s financial woes spilling into the global economy rocked markets earlier in the week, but concerns improved throughout the week.

“On Monday we should know what will happen to the part of the Evergrande edifice that has not been bailed out,” Cramer said. “I think the government will ensure that the big shareholders are eliminated, and that includes management.”

“I fully expect to learn from the [government] new enemies of the regime when we return to work on Monday morning, “he added.

Tuesday: Profits from Micron and Thor Industries

Micron

  • Q4 2021 results: after the bell; conference call scheduled for 4:30 p.m. ET
  • Projected EPS: $ 2.33
  • Expected revenue: $ 8.23 ​​billion

“Today the long knives were really out for these guys; three different companies warned of impending disappointment. I have to admit those predictions were particularly intimidating,” Cramer said. “My take? Why wouldn’t we just wait and see how Micron fares? Remember that high-end semiconductor sets have little to do with Micron, so they might be worth the effort. to be purchased if this quarter drives the entire industry. “

Thor Industries

  • Q4 2021 results: Before the bell
  • Projected EPS: $ 2.98
  • Expected revenue: $ 3.31 billion

“While I love Thor… I wouldn’t be a buyer here either because we’re at the wrong point in the business cycle,” for the RV maker, Cramer said. “It’s too discretionary, and as the delta variant wears off, the stock market will say people will start traveling normally again. In other words, even if Thor blows the numbers, I think there will be a lot of analysts who will just say, ‘Well, that was the last good quarter.’ “

Wednesday: Cintas and MillerKnoll wins

Cintas

  • Q1 2022 results: Before opening; conference call set at 10 a.m.ET
  • Projected EPS: $ 2.76
  • Forecast sales: $ 1.88 billion

MillerKnoll

  • Q1 2022 results: After the bell; conference call scheduled for 5:30 p.m. ET
  • Projected EPS: $ 0.54
  • Expected revenue: $ 651 million

“Wednesday gives us a great look at small and medium-sized businesses when we get results from Cintas, the massive uniform company, and MillerKnoll, the office chair maker formerly known as Herman Miller,” said To screw up. “The two companies have been uneven lately, but I think they’ll tell some very positive stories. When analyzed, they might provide us with a more positive backdrop. I love them both.”

Thursday: Gains from Bed Bath & Beyond, CarMax, Paychex and McCormick

Bed bath and beyond

  • Q2 2021 results: Before the bell; conference call scheduled for 8:15 a.m.ET
  • Projected EPS: $ 0.52
  • Forecast sales: $ 2.06 billion

“The Bed Bath neighborhood may not be a barn burner, but I think the redesigned stores will change the way people feel about this once fossilized institution,” said the host of “Mad Money” . “I like the prices. I like the merchandise. I like the management, I think the stock can go up.”

CarMax

  • Q2 2022 results: Before opening; conference call scheduled for 9 a.m.ET
  • Projected EPS: $ 1.88
  • Forecast revenue: $ 6.85 billion

“As long as there is a shortage of chips, the used car market will remain strong. This means CarMax is expected to deliver a large number of them on Thursday,” Cramer said. “But let’s not be too particular: I love AutoNation, I love Lithia, I love Carvana. If you are inclined, you have my blessing to buy CarMax before the trimester.”

Paychex

  • Q1 2022 results: Before the bell; conference call scheduled for 9:30 a.m.ET
  • Projected EPS: $ 0.80
  • Forecast revenue: $ 1.04 billion

“This payroll processor is incredibly well managed and consistent, but it never gets the respect it deserves… because it’s held hostage to the job market and short-term interest rates,” Cramer said. “The stock tends to sell even after good results; buying Paychex in this weakness was a great strategy.”

McCormick

  • Q3 2021 results: Before the bell; 8:00 a.m.ET conference call
  • Projected EPS: $ 0.72
  • Expected revenue: $ 1.54 billion

“If you are convinced that the economy is slowing down, you might want to buy McCormick,” Cramer said. “The problem, of course, is that even though it seems to be getting stronger, well, they might lose business as the delta variant peaks… and people feel more comfortable going out to dinner again. . I would avoid it for now, although I like it. “

Friday: Covid data

“Friday we tend to look back… and we see how Covid ‘did’,” Cramer said. “We’ve had a few weeks where things seem to have calmed down, and maybe we’re approaching a weird herd… immunity, where everyone has been vaccinated or got sick because the delta is so catchable. as the number of infections will continue to improve. “


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