Earnings from Burlington, Best Buy, Kohl’s and Dell

CNBC’s Jim Cramer on Friday walked investors through next week on Wall Street which, although short, is chock full of earnings. He highlighted reports from retailers including Burlington Stores, Best Buy and Kohl’s, as well as tech giant Dell.

“Every data point, every bit of research and earnings will be scrutinized starting Monday, just like a regular week, even as we’ll be eating turkey and then relaxing, with everyone watching the Philadelphia Eagles play the Bears at home on Amazon,” he said.

Zoom is set to report earnings on Monday. While Cramer said he likes the company, he noted that it faces competition from Microsoft‘s Teams and said he wishes Zoom would buy another company to complement its video conferencing business. But he maintained that he expects a decent quarter from
Zoom.

Tuesday brings retail sales figures and pending home sales data. Cramer said he expects both reports to be soft, especially after hearing mixed earnings results from some major retailers over the past few days. He also noted that there has not been a lot of housing turnover. However, Cramer suggested weaker data is positive for Wall Street because it paves the way for the Federal Reserve to cut interest rates.

A slew of retailers will report Tuesday, including Kohl’s, Best Buy, Burlington Stores, Dick’s Sporting Goods and Abercrombie & Fitch. Cramer indicated Kohl’s and Best Buy would be fine, while Dick’s Sporting Goods could be great since the company just acquired Foot Locker and now has access to a number of popular sneaker brands. He suggested Burlington is the weakest of its off-brand retail peers, TJX and Ross Stores, while Abercrombie & Fitch’s quarter is a “a total crapshoot.”

Dell, HP, Zscaler and Analog Devices are also expected to release quarterly reports on Tuesday. Cramer was optimistic about Dell’s earnings and expressed confidence in management, but he was not as positive about peer HP. Cramer praised cybersecurity name Zscaler but worried about semiconductor maker Analog Devices.

Deere will report Wednesday, and Cramer suggested the farming equipment company has a “stock that seems like it’s made of Teflon.” While farming can be a tough business, he explained that it benefits from government subsidies, and farmers often spend that money on Deere’s products.

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Disclaimer The CNBC Investing Club holds shares of Microsoft and TJX.