Just like clockwork, earnings season is here once again. Earnings kicked off this week with the big banks painting a mixed picture in reports from Goldman Sachs, Morgan Stanley (MS) – Get Report, JPMorgan, Citigroup (C) – Get Report, Bank of America (BAC) – Get Report and more, but the party has only just begun.

Heading into next week, Jim Cramer said he’s looking to see if a recent Goldman Sachs note from chief global equity strategist Peter Oppenheimer that argued that investors should shift from tech to cyclical stocks will come to fruition. Oppenheimer said the possibility of a Democratic election sweep and coronavirus vaccine potential make value stocks all the more appealing.

Cramer said his Action Alerts PLUS charitable portfolio has found itself leaning more toward value stocks.

Watch more from Cramer’s investing club:

“We kind of subtly have made that bet. I know it’s a bet that hasn’t worked; it hasn’t hurt us, but it does have have staying power,” Cramer said.

Here are some of the earnings reports we’re watching heading into next week

Monday, Oct. 19

Tuesday, Oct. 20

  • Albertsons ACI
  • Raytheon RTN
  • Lockheed Martin LMT
  • Procter & Gamble PG
  • Snap SNAP
  • Netflix NFLX
  • Texas Instruments TXN

Wednesday, Oct. 21

  • Abbott Laboratories ABT
  • Spirit Airlines SAVE
  • Baker Hughes BHGE
  • Biogen BIIB
  • Whirlpool WHR
  • Las Vegas Sands LVS
  • Verizon Communications VZ
  • Lam Research LRCX
  • Chipotle CMG
  • Tesla TSLA
  • Xilinx XLNX

Thursday, Oct. 22

Friday, Oct. 23

  • American Express AXP
  • Bloomin’ Brands BLMN

Author: Daniel Kuhn

Source: The Street: Time to Bet on Value Stocks? What Jim Cramer Is Watching This Earnings Season

Comments are closed.

Ad Blocker Detected!

Advertisements fund this website. Please disable your adblocking software or whitelist our website.
Thank You!