Jim Cramer's Thoughts on Alibaba and Kraft-Heinz Earnings - TheStreet

Jim Cramer's Thoughts on Alibaba and Kraft-Heinz Earnings

Here's what Jim Cramer is looking for when Alibaba and Kraft-Heinz announce earnings later this week.
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Are you ready for Alibaba (BABA - Get Report) and Kraft-Heinz (KHC - Get Report) ?


Cramer has some thoughts about the Alibaba earnings. Alibaba will be reporting before the bell on Friday, Nov. 2. FactSet estimates that Alibaba will be reporting earnings per share of $1.07.

TheStreet's Annie Gaus is covering what investors should be looking at when it comes to Alibaba.

"Since hitting a record high on June 5, the Chinese Internet giant has lost more than 35% of its value. Among the factors that have weighed on Alibaba's stock are the Internet giant's spending, macroeconomic events such as tariffs and a weakened renminbi, and a general pullback from other Chinese behemoths like Tencent," wrote Gaus.

Here's what she thinks investors should keep an eye on when the company reports.

  • Cloud updates and core commerce
  • Merger and acquisition plans
  • Commentary on the Chinese economy

For more insight, you can check out Gaus's article here.


And what about Kraft-Heinz?

The company is set to report Q3 earnings after the bell on Thursday, Nov. 1.

Cramer responded that he's just not a fan. 

Over the past year, Kraft-Heinz shares have dropped 30%. 

Kraft is expected to announce earnings per share of $0.81 according to FactSet.