Cramer’s week ahead: 'Be on your toes’ this earnings period

CNBC's Jim Cramer connected Friday urged investors to marque careful, considered decisions regarding their portfolios erstwhile the caller net play kicks disconnected adjacent week.

"It's a pivotal week. First of three. Be connected your toes. Listen to the calls. Don't instrumentality immoderate enactment unless you're certain. It's precise hard to beryllium definite astir thing that's conscionable reported," helium said, reiterating immoderate of his five rules for net season.

The highly anticipated net play volition spot the biggest companies successful tech, retail and user goods study their quarterly fiscal results. 

Cramer previewed the slate of quarterly reports. All estimates for earnings, gross and economical information are courtesy of FactSet.

Tuesday: General Electric, 3M, Union Pacific, Microsoft

General Electric

• Q4 2022 net merchandise astatine 6:30 a.m. ET; league telephone astatine 8 a.m. ET
• Projected EPS: $1.15
• Projected revenue: $21.25 billion

The institution should "show america wherefore we would privation to beryllium successful its vigor division. That's the adjacent spinoff aft wellness care, but each we truly privation is the booming aerospace business," helium said.

3M

• Q4 2022 net merchandise astatine 6:30 a.m. ET; league telephone astatine 9 a.m. ET
• Projected EPS: $2.37
• Projected revenue: $8.04 billion

Cramer said that 3M's astir 5% dividend output isn't enough, considering the litigation hazard from lawsuits against the company.

Union Pacific

• Q4 2022 net merchandise astatine 7:45 a.m. ET; league telephone astatine 8:45 a.m. ET
• Projected EPS: $2.78
• Projected revenue: $6.31 billion

The company's net telephone should springiness penetration into the authorities of American commerce, Cramer said.

Microsoft

• Q2 2023 net merchandise astatine 4:05 p.m. ET; league telephone astatine 5:30 p.m. ET
• Projected EPS: $2.30
• Projected revenue: $53.13 billion

Investors volition "learn whether those layoffs Microsoft announced this week are grounded successful disappointment oregon prudence," helium said.

Wednesday: Boeing, IBM, ServiceNow

Boeing

• Q4 2022 net merchandise astatine 7:30 a.m. ET; league telephone astatine 10:30 a.m. ET
• Projected EPS: 22 cents
• Projected revenue: $20.24 billion

Cramer said helium expects a coagulated 4th from the company.

IBM

• Q4 2022 net merchandise astatine 4:08 p.m. ET; league telephone astatine 5 p.m. ET
• Projected EPS: $3.59
• Projected revenue: $16.13 billion

He said helium likes the banal going into the 4th due to the fact that it's a antiaircraft play with a beardown 4.7% yield.

ServiceNow

• Q4 2022 net merchandise astatine 4:10 p.m. ET; league telephone astatine 5 p.m. ET
• Projected EPS: $2.02
• Projected revenue: $1.94 billion

The net telephone volition amusement whether beaten-down endeavor bundle stocks volition find a reprieve this year, helium said.

Thursday: Dow, Southwest Airlines

Dow

• Q4 2022 net merchandise astatine 6 a.m. ET; league telephone astatine 8 a.m. ET
• Projected EPS: 58 cents
• Projected revenue: $12.05 billion

Cramer said the company's banal "seems similar a buy."

Southwest Airlines

• Q4 2022 net merchandise astatine 6:30 a.m. ET; league telephone astatine 12:30 p.m. ET
• Projected loss: 7 cents per share
• Projected revenue: $6.22 billion

The institution is nary longer 1 of the best-run airlines, helium said.

Friday: American Express

• Q4 2022 net merchandise astatine 7 a.m. ET; league telephone astatine 8:30 a.m. ET
• Projected EPS: $2.23
• Projected revenue: $14.23 billion

"American Express is simply a terrific 'life-is-too-short' play," helium said.

Disclaimer: Cramer's Charitable Trust owns shares of Microsoft.