Semiconductor Qualcomm will report earnings after Wednesday’s closing bell. Cramer likes the San Diego, Calif.-based company because it is believed to be a big supplier to Apple. Should the stock drop another point or so, Cramer recommends investors buy some shares ahead of earnings.
American Express is also scheduled to deliver earnings after Wednesday’s close. Typically, the credit card company’s stock gets hammered when it reports and then rockets higher a few days later. Cramer looks forward to seeing how it does this time around.
THURSDAY, APRIL 19
Spain will host a 10-year bond auction on Thursday morning. Cramer thinks it could be awful and send the overall market lower, allowing investors a chance to buy shares of Morgan Stanleyat discount. The New York-based bank will report earnings before the opening bell.
“I think it will be one of the stronger earnings calls out there,” Cramer said. “Morgan Stanley's a fabulous firm that's been tarred as a European stepchild. That's pure nonsense. It might be the cheapest of the group.”
Elsewhere in the banking sector, Bank of America will also report Thursday morning. If bank stocks continue to go down and Spain’s bond auction doesn’t go well, Cramer thinks BAC will likely rally no matter what its results are.Page 3 of 5 | Prev Page | Next Page