This week’s “earnings will be coming at us fast and furious, Jim Cramer told his Mad Money viewers Friday, but not all bad reports deserve to be sold. In the heart of earnings season, the market often makes mistakes. Those inadvertent selloffs are your chance to buy. We saw that Friday with Honeywell (HON ) – Get Report and American Express (AXP ) – Get Report , both of which fell nearly 2%, despite their strong outlooks for the future,” wrote TheStreet’s Scott Rutt in his Mad Money recap.
“Cramer’s game plan for next week starts on Monday when Tesla (TSLA ) – Get Report reports. Tesla is a beacon for all EV stocks and SPACs and Cramer expecting the company to report good news. Next, on Tuesday, we’ll hear from Alphabet (GOOGL ) – Get Report , Advanced Micro Devices (AMD ) – Get Report , Microsoft (MSFT ) – Get Report and Starbucks (SBUX ) – Get Report . Cramer was bullish on all but Starbucks, where growth in China could be offset by continued weakness in the U.S,” he continued.
“Wednesday brings earnings from Boeing (BA ) – Get Report , a troubled stock with much potential now that air travel is resuming. We’ll also head from three Cramer favs, Apple (AAPL ) – Get Report , Ford (F ) – Get Report and Facebook (FB ) – Get Report , all of which should do well,” Rutt wrote.
Apple’s Investment In the U.S.
Apple said that it will be investing more than $430 billion in the U.S., which will help to create roughly 20,000 jobs over the next five years. This move is being made in an effort to base itself more heavily in the U.S. and rely less on global chains.
But the biggest focus for this moment in time is its investment of $1 billion in a campus in North Carolina.
“At this moment of recovery and rebuilding, Apple is doubling down on our commitment to U.S. innovation and manufacturing with a generational investment reaching communities across all 50 states,” Apple CEO Tim Cook said in a statement. “We’re creating jobs in cutting-edge fields – from 5G to silicon engineering to artificial intelligence – investing in the next generation of innovative new businesses, and in all our work, building toward a greener and more equitable future.”
Hear what Jim Cramer is only telling members of his Action Alerts PLUS investing club in Monday’s Daily Rundown.