Jim Cramer Outlines Key Earnings Reports This Week

On Friday’s Mad Money show, host Jim Cramer outlined the key earnings reports that will be coming out this week.

Monday
• Cramer is expecting Apple (AAPL: 476.68 0.00%) to report strong earnings, but he would sell the stock now because of their upcoming tablet PC release on Wednesday. Apple’s stock pattern has been to sell into new product releases and buy after the pullback.

Tuesday
• Corning (GLW: 13.75 0.00%) and EMC (EMC: 26.33 0.00%) – will give investors an idea about tech demand.
• Nucor (NUE: 45.31 0.00%) and U.S. Steel (X: 30.94 0.00%) – will provide a view on where infrastructure spending is going.
• Johnson & Johnson (JNJ: 65.24 0.00%) – Cramer is worried that regardless of their earnings report, Obama could hurt that stock with some proclamation about health care.

Wednesday
• Boeing (BA: 75.46 0.00%) – will let us know when they will be able to ship their new Dreamliner aircraft.
• Caterpillar (CAT: 114.04 0.00%) – will provide insight into demand in the Chinese market.

Thursday
• Cramer labeled Thursday as “the busiest earnings day of the year” and he believes that many bad investment decisions will be made simply because of the information overload. He recommends investors stay on the sidelines until the dust settles.
• 3M (MMM: 87.97 0.00%) – will tell us about Asian demand.
• AT&T (T: 30.02 0.00%) – will give us an update on the cell phone wars.
• Colgate Palmolive (CL: 91.47 0.00%) and Proctor & Gamble (PG: 63.64 0.00%) – will tell us who is selling more personal products. Cramer believes that Procter & Gamble is likely outperforming.
• Amazon (AMZN: 185.48 0.00%) – Cramer believes the stock, which is up 150%, will take a hit. He recommends buying it Friday on a decline.