Washington headwinds could overwhelm earnings

Earnings


UnitedHealth: After speaking with its CEO, Cramer regards UnitedHealth as a “great” company with a multiyear trajectory and “an incredibly consistent track record of surprising Wall Street with good numbers.”

“If you can get it in the teens, where my charitable trust did recently, I think that’s a terrific price,” he said in anticipation of the company’s earnings report.

Goldman Sachs: Cramer was actually glad that the bank stocks were cooling off ahead of Goldman Sachs’ earnings report.

“The recent run in this stock, I am telling you, is unsustainable judging by what happened today with the stocks of J.P. Morgan and Citi,” he said, noting that Goldman Sachs the company does well in times of volatility.

IBM: IBM, which also reports earnings, recently made it onto the list of leading cloud players, a good sign for a company that wasn’t “part of the conversation” not too long ago, Cramer said.

“I think IBM is cheap and if it’s in the $150s before the quarter, buy some,” the “Mad Money” host said.



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