Market Overview

Stocks Jim Cramer is Watching this Week

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What is CNBC’s Jim Cramer watching this week? According to Cramer, key earnings announcements, economic data, and more stress tests results will make this week packed full of marking moving events.

Dick's Sporting Goods (NYSE: DKS) reported EPS of $1.03, versus analyst expectations of $1.06 with revenue falling short due to disappointing sales of cold weather accessories, according to a company release.

Along with earnings, the company announced a five year, $1 billion stock repurchase program. What the company says on the conference call about Under Armour (NYSE: UA) and Nike (NYSE: NKE) will give traders a sense of consumer demand. In pre-market trading the stock is down about 8 percent.

Closely related to Dicks, Urban Outfitters (NASDAQ: URBN) will report earnings after the close on Monday. Analysts expect earnings of 57 cents per share and sales of $850.5 billion.

Retail giant Costco (NASDAQ: COST) reports on Tuesday. Analysts expect $25.1 billion in revenue with EPS of $1.06. Quarterly comps should be between five and six percent. Cramer likes the stock on a pullback but he isn’t expecting one since others in the space reported tepid earnings and continued higher.

Chevron (NYSE: CVX) will hold an analyst meeting on Tuesday where Cramer will listen for its longer term plans for natural gas. The stock is up against its 52 week highs and coming off a basing pattern. There could be more upside ahead for one of Cramer’s favorite energy names.

Another company holding an analyst day is Starwood Hotels (NYSE: HOT). With the economy recovering, travel is picking up and that bodes well for Starwood. Cramer notes that the CEO has done a remarkable job of adding value to the name.

More stress tests are on the way this week and Cramer thinks SunTrust (NYSE: STI) will be a winner this time around. After failing the test last time, the stock has seen gains of 34 percent in the past year versus gains of 22 percent in the SPDR financial sector ETF (NYSE: XLF)

Then there’s Ulta Salon (NASDAQ: ULTA), a company that Cramer used to like but management changes has stifled his enthusiasm for the name. The company reports earnings on Thursday. Ulta’s last 12 months has seen a lot of volatility without going anywhere. It’s up all of one percent but traded in a 15 percent range—a swing trader’s dream but not attractive to an investor looking for a long term position.

Posted-In: Costco Dick's Nike Starwood Hotels SunTrust ulta salon Urban OutfittersAnalyst Color Earnings News Jim Cramer Events Economics Analyst Ratings Media Best of Benzinga

 

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