Retail giants report with all eyes on the consumer

CNBC’s Jim Cramer said Monday that this week’s economic data release and retailer earnings report will provide important insights into the state of the US consumer and, in turn, inflation.

“This week is a referendum on the consumer,” he said.

The “Mad Money” host said he is looking forward to the release of the Federal Reserve’s July meeting notes on Wednesday, as it will shed more light on the central bank’s plans for future interest rate hikes.

He also said that he is monitoring retail sales data this week to gather more information on whether inflation moderation is likely to continue.

“The only way that inflation can be reduced is to stop the endless buying,” Cramer said.

However, he said this week’s earnings would reveal more about consumer conditions than macroeconomic data. All earnings and revenue estimates courtesy of FactSet.

Tuesday: Walmart, Home Depot

walmart

  • Q2 2023 earnings release at 7 a.m. ET; Conference call at 8 a.m. ET
  • Estimated EPS: $1.62
  • Estimated Revenue: $150.99 billion

home depot

  • Q2 2022 earnings release at 6 a.m. ET; Conference call at 9 a.m. ET
  • Estimated EPS: $4.95
  • Estimated Revenue: $43.36 billion

Wednesday: Lowes, Target, Analog Devices, TJX Companies, Cisco

lowes

  • Q2 2022 earnings release at 6 a.m. ET; Conference call at 9 a.m. ET
  • Estimated EPS: $4.58
  • Estimated Revenue: $28.12 billion

target

  • Q2 2022 earnings release at 6:30 AM ET; Conference call at 8 a.m. ET
  • Estimated EPS: 79 cents
  • Estimated Revenue: $26.03 billion

“For the longest time, Home Depot was better than Lowe’s, and Walmart was better than Target. Now, Home Depot is better for pros and Lowe’s is better for do-it-yourselfers. To me, that means Own Home Depot and avoid Lowes,” Cramer said.

analog device

  • Q3 2022 earnings release at 7 AM ET; Conference call at 10 a.m. ET
  • Estimated EPS: $2.43
  • Estimated Revenue: $3.06 billion

Cramer recommended that investors own Semiconductor Play.

TJX Companies

  • Q2 2023 earnings release at 9:30 a.m. ET; Conference call at 11 a.m. ET
  • Estimated EPS: 67 cents
  • Estimated Revenue: $12.05 billion

Cramer suggested that investors pick up some shares of TJX, which operate stores, including TJ Max’s and Marshalls, because discount retailers tend to do well when regular retailers need to dump their excess inventory. .

cisco

  • Q4 2022 earnings release at 4:05 p.m. ET; Conference Call at 4:30 p.m. ET
  • Estimated EPS: 82 cents
  • Estimated Revenue: $12.73 billion

If any good news comes in the quarter, Cisco’s stock will rise, Cramer predicted, adding that he expects the stock to remain at its current levels on bad news because of its dividend.

Thursday: Kohls, Estee Lauder

kohlso

  • Q2 2022 earnings release at 7 AM ET; Conference call at 9 a.m. ET
  • Estimated EPS: $1.12
  • Estimated revenue: $3.95 billion

Cramer said he wanted to see if the company would slip into irrelevance or signal that it was changing for the better.

Estee Lauder

  • Q4 2022 earnings release between 6:30 a.m. and 6:45 a.m. ET; Conference Call at 9:30 p.m. ET
  • Estimated EPS: 32 cents
  • Estimated Revenue: $3.42 billion

He said he was looking at news about whether the company would buy Tom Ford.

Friday: Deere

deere

  • Q3 2022 earnings release at 6:45 AM ET; Conference call at 10 a.m. ET
  • Estimated EPS: $6.65
  • Estimated Revenue: $12.93 billion

Cramer said he is concerned that the supply chain problems facing Deere and other companies will be an obstacle to the Fed’s fight to reduce inflation.

Cramer Charitable Trust owns shares of Cisco.

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