Cramer's week ahead: Earnings from Netflix, Intel, Capital One, McCormick

As earnings season continues, CNBC's Jim Cramer on Friday walked investors through next week on Wall Street, highlighting quarterly reports from companies including Netflix, Intel, Capital One Financial and McCormick.

"It's an awfully odd week, this second week of earnings season, as light as the next week is heavy," Cramer said. "Except for a couple of cases, I think it's best to keep your bat on your shoulder and hope for a better set of pitches."

Tuesday brings earnings from homebuilder D.R. Horton, 3M, Netflix and United Airlines. So far during earnings season, homebuilders have disappointed, Cramer said. But he added that he's starting to see "green shoots" in the housing sector. Conglomerate 3M has been "quietly surprising people this year," Cramer said, and he likes the stock ahead of the quarter. He said he's waiting to hear what Netflix has to say about why it needs to acquire Warner Bros. Discovery, as well as why it's willing to pay billions for the company. Cramer also recommended buying United ahead of the quarter, indicating that the post-Covid travel theme is still relevant.

On Wednesday, Johnson & Johnson and Charles Schwab will report, and Cramer said these two stocks are "hard to keep down." Cramer praised Johnson & Johnson's moves to become primarily a pharmaceutical company. He conceded that the outfit is still dealing with lawsuits related to its talc products, but suggested that they don't have a huge impact on the stock. Cramer said Schwab has become a "repository of a big chunk of the gigantic pool of money" from older generations as they transfer wealth to younger generations.

Thursday brings the PCE price index, a key inflation matric, and Cramer said he thinks it will show "a restrained set of numbers." Procter & Gamble, GE Aerospace and Freeport-McMoRan will also report that day. Cramer said he doesn't expect an amazing quarter from Procter & Gamble, but said he likes the company's brands and new CEO. He also praised GE Aerospace, saying he expects the outfit to report a great quarter due to the huge plane backlog. Copper and gold have been "red hot," Cramer said, so he thinks it's likely Freeport-McMoRan will "will get its fair share of money coming in."

Intel, Capital One, Intuitive Surgical and McCormick are also set to post earnings on Thursday. Intel stock has been performing well since CEO Lip Bu Tan took the reigns last year, Cramer suggested. But Intel's earnings might not be big enough given the competitive nature of the semiconductor space, he continued, adding that the stock needs a rest after its huge run. Cramer said he hopes Capital One will detail its acquisition of credit card name Discovery as well as its large buyback. Cramer suggested Intuitive Surgical's report could be the "lone surprise blowout" of the week. Food stocks have struggled recently, he continued. While Cramer likes McCormick, he expressed uncertainty about the quarter.

On Friday, SLB will release its quarterly report. Cramer said he thinks it will be difficult for SLB to deliver great numbers given the low price of crude.

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Disclaimer The CNBC Investing Club holds shares of Capital One and Procter & Gamble.