'I'm expecting many of these quarters could be better than expected,' 'Mad Money's' Jim Cramer says.
reports results from the September quarter in the morning. The stock traded within the $24 and $31 range all year, despite posting strong numbers in the last two quarters.
"I bet Bank of America can break out of this trading range if JP Morgan reports a good number the day before. That is the best analog," Cramer said.reports after the closing bell and is expected to record $18.2 billion sales and $2.67 earnings per share in its third quarter, according to FactSet. "We need to know how Red Hat's doing," the host said. "Without specifics, the stock will continue to languish."reports earnings and shareholders are looking to hear a more positive story about subscriber growth as streaming competition heats up, Cramer said. At one point this year, the stock climbed more than 43% to $385.03 in May but tumbled below $255 last month as companies announced their plans to enter the space that Netflix has dominated for years.
"If they deliver a better-than-expected sign-up number, the stock could rally 50 points," Cramer said.plans to release quarterly results prior to the morning bell. Wall Street is looking for the manufacturer to produce $9.1 billion in revenue, about 15% shorter than the year prior, and an EPS of $2.01, according to FactSet.
"Honeywell's been on a tear. It's one of the best performers in the group," Cramer said. "Its aerospace business has been a standout. I'd start worrying: Could Boeing be hurting it?"will also deliver an earnings report before the market opens. Cramer expects the freight-hauling railroad to have a shaky quarter. Analysts expect sales to slide 4% to about $5.69 billion and earnings to grow nearly 8% to $2.32 per share, FactSet said.
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