Strong earnings may help market overcome a historically tough period

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CNBC’s Jim Cramer on Friday looked ahead to next week’s key market events after the S&P 500 notched its seventh consecutive day of gains to close at a record-high 4,697.53.

“We need to see if this rosy action can hold up through next week, a period that historically tends to produce some ugly sell-offs. … But if the earnings stay strong, well, I think the stock market can stay strong, too,” Cramer said.

Here’s what the “Mad Money” host will be keeping his eyes on. All revenue and earnings per share estimates are from FactSet.

Jim Cramer’s game plan for the trading week of Nov. 8.

Mad Money with Jim Cramer

Monday: Earnings from PayPal and AMC Entertainment; events from AMD and Nvidia

PayPal

  • Q3 earnings after the bell; conference call at 5 p.m. ET Monday
  • Projected EPS: $1.07
  • Projected revenue: $6.23 billion

Cramer said owning PayPal for his charitable trust has so far been “a disaster,” as the stock has been crushed recently….

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