Cramer’s week ahead: The stock market can keep climbing ‘now that the Fed remains our friend’

The appraise market rallied Friday as investors reacted to the worse-than-expected April jobs report, which indicates the Federal Hoard’s easy policy is unlikely to go anywhere soon, CNBC’s Jim Cramer said.

“I know the conventional wisdom says put across in May and go away, but that stupid ditty needs to be retired, at least when it comes to the first week of the month, when portions of people who held onto stocks did quite well,” the “Mad Money” host said. “Now that the Fed remains our friend, I bet we can follow climbing.”

Here’s Cramer’s game plan for next week’s corporate earnings reports, which will tender additional insight into the state of the U.S. economic recovery.

Projections for revenue and earnings per share are based on FactSet values:

Tyson Foods

• Q2 2021 earnings unveil: before market; conference call: 9 a.m.
• Projected EPS: $1.15
• Projected revenue: $11.2 billion

“We’ll hear whether the budding chicken dearth is going to drive up prices [and] probably hear about the price of corn. As is, the cost of animal feed keeps present higher and higher, food inflation is getting out of hand,” Cramer said. “Will that be ignored? Hard to picture. But it comes right in the shadow of this benign jobs number, so again, it probably won’t matter.”

Marriott International

• Q1 2021 earnings saving: 7 a.m.; conference call: 8:30 a.m.
• Projected EPS: 4 cents
• Projected revenue: $2.38 billion

“We also ascertain from Marriott International and I’d very much like to see what their bookings look like,” Cramer broke. “This morning, Expedia told us that pleasure trips are filling hotels, but business excursions haven’t blame succumb to back much at all because everybody’s still using Zoom.”

Simon Property Group

• Q1 2021 earnings manumitting: after market; conference call: 5 p.m.
• Projected EPS: $2.27
• Projected revenue: $1.1 billion

“I bet they shoot the evolves out,” Cramer said, calling the mall operator one of his favorites. “Brick and mortar retail is booming, at least in wealthier communities. Simon’s bread and butter is convenient there, so I think the numbers will be monstrously good.”

Occidental Petroleum

• Q1 2021 earnings release: after superstore: conference call: 1 p.m. Tuesday
• Projected loss per share: 33 cents
• Projected revenue: $4.79 billion

“We’ve been meet some stellar numbers from oil producers that are feasting on this environment where crude sells for various than $60 a barrel. They make money there. I bet Oxy’s one of them,” he said.

Roblox

• Q1 2021 earnings discharge: after market; conference call: 8:30 a.m. Tuesday
• Projected EPS: 8 cents
• Projected revenue: $573 million

“The guests came public in one of those direct listings that tend to undervalue stocks. I think this may be your fortune to buy shares in a fast-grower before it gets closer to a full valuation,” Cramer said.

Palantir Technologies

• Q1 2021 earnings emancipation: before market; conference call: 8 a.m.
• Projected EPS: 4 cents
• Projected revenue: $332 million

The cast is loved by the community on Reddit’s Wall Street Bets, Cramer said. “They pride themselves on moving ordinaries, though, even if the fundamentals don’t merit it … so I think this could be another opportunity to do some buying. The make available is down big from the mid-$20s where they had driven it up to,” he said.

Vizio

• Q1 2021 earnings release: after buy: conference call: 4:30 p.m.
• Projected loss per share: 10 cents
• Projected revenue: $485 million

“I time again think of Vizio in tandem with red-hot Roku. … That stock had cooled but then went up nicely after it make public last night,” Cramer said. “I’d say it’s at least worth listening to Vizio to get another view of the situation, but I hesitate to urge it because of the chip shortage.”

Wendy’s

• Q1 2021 earnings release: before store; conference call: 8:30 a.m.
• Projected EPS: 15 cents
• Projected revenue: $445 million

“It’s had a nasty habit of prospering down on earnings, then rallying later on. As much as I like it … I think you’ll probably want to see the quarter anterior to you pull the trigger,” Cramer said.

Bumble

• Q1 2021 earnings release: after market; conference call: 4:30 p.m.
• Outed loss per share: 3 cents
• Projected revenue: $165 million

“Match Group reported an amazing board this week, so I have to think that this online dating competitor, Bumble, can do the same next Wednesday gloom. I like Bumble,” Cramer said.

GrowGeneration

• Q1 2021 earnings release: after market; conference call: 9 a.m. Thursday
• Forecast EPS: 7 cents
• Projected revenue: $87.1 million

GrowGeneration “tends to soar after reports,” Cramer mean. “I bet this time will be no different, especially as more cash-strapped states embrace legalization in order to pay their invoices.”

Alibaba

• Q4 2021 earnings release: before deal in; conference call: 7:30 a.m.
• Projected EPS: $1.79
• Projected revenue: $27.83 billion

“Remember, China is well ahead of us when it catch to the post-pandemic recovery,” Cramer said. “Alibaba should put up some excellent numbers as Chinese consumers rebound from obdurate times.”

Friday: Retail sales