Many companies stand out this earnings season

  • Jim Cramer said that after taking in two-thirds of Dow Industrials’ dividend, it should come as no surprise that the market is so high.
  • “This was supposed to be a bad earnings season, but it has been a very good season,” he said on Monday.

Jim Cramer said Monday that after hearing about two-thirds of the companies in the Dow Jones Industrial Average are in this earnings season so far, it should come as no surprise that the market is so high.

“This was supposed to be a bad earnings season, but it was a very good season,” he added.

So far, there have been a lot of hits, not a lot of notable misses, and the market is constantly reflecting that, Kramer explained, even though stocks were down a bit on Monday.

In the wide range of winners identified by Cramer, some notable names include Honeywell, Microsoft and JPMorgan.

Honeywell “could be one of the great stories for the entire quarter so far,” Kramer said, as its aerospace business accelerates and its refining chemicals business improves. “But I don’t want to bury the valve: You’re buying this for space,” he added.

According to Cramer, “Microsoft stole earnings season along with Honeywell,” thanks to impressive numbers from its cloud division as well as good numbers from its business software and gaming divisions.

Finally, as other banks faltered, JPMorgan showed it could make money in any environment, by becoming “a vacuum for deposits fleeing regional banks,” Cramer said.

“This is a bunch of wins and not a lot of losses,” Cramer said, recommending keeping some of those winners in mind with the potential uncertainty ahead.

See also  Global stocks brace for consecutive weekly gains for the first time in 2022

Jim Cramer’s Guide to Investing

Click here to download Jim Cramer’s Guide to Investing No cost to help you build long-term wealth and invest smarter.

Leave a Reply

Your email address will not be published. Required fields are marked *