Cramer: Don't Trade on Earnings Expectations - Wait for Results

Cramer says don't trade stocks based on earnings expectations, wait until after the report.
Used Micron as example - stock dipped after earnings but Cramer saw it as buying opportunity.
Don't extrapolate CEO bearishness to the stock itself.
There are enough stocks that you don't need to play earnings guessing game.
Wait for results and call before making trades based on earnings.

cnbc.com

Relevant topic timeline:

8/31/2023

Jim Cramer’s guide to investing: Don’t assume market action always makes sense

Stock market actions can often be unpredictable and influenced by factors beyond a company's fundamentals, making it important to recognize when the market is mistaken and take advantage of the situation, according to CNBC's Jim Cramer.

9/12/2023

Cramer urges caution on Adobe ahead of earnings, citing high expectations

Investors should wait until Adobe reports quarterly results before buying the stock, as excessive optimism and high year-to-date gains could lead to a potential sell-off if expectations aren't met, according to CNBC's Jim Cramer.

10/6/2023

Earnings Season Kicks Off with PepsiCo, Domino's, and Walgreens Reports Amid Strong Job Growth But Wage Slowdown

Investors should focus on the start of earnings season, reports from companies like Walgreens, Domino's, and PepsiCo, and the impact of nonfarm payroll figures on the economy, according to CNBC's Jim Cramer.

10/12/2023

Strong Q3 Earnings Expected, But Analysts Cautious on Stock Gains

The upcoming earnings season is expected to bring higher-than-expected earnings for companies, but this is not anticipated to lead to a significant rise in the stock market.