Jim Cramer’s week ahead: ‘This earnings season has very high standards’

Jim Cramer’s week ahead: ‘This earnings season has very high standards’

CNBC'S Jim Cramer said Friday that investors are getting an opportunity to buy shares of high-quality companies after a tough day of trading on Wall Street to close out the month.The major averages all fell less than 1% in the final session of April, making it a losing week for both the Dow Jones Industrial Average and the Nasdaq Composite.Considering the full month, the Dow rose 2.71% while the S&P 500 and Nasdaq advanced more than 5% as investors digested corporate earnings reports."As we head into next week … remember that this earnings season has very high standards," the "Mad Money" host said. "Keep your eyes peeled for more stocks that could get crushed in the wake of great quarters, and then do some buying."Cramer gave his game plan for the week ahead. Earnings-per-share projections are based on FactSet estimates:

Monday: Estee Lauder, Diamondback Energy earnings

Q3 2021 earnings release: before market; conference call: 9:30 a.m.Projected EPS: $1.32Projected revenue: $3.94 billion"This company, led by the bankable Fabrizio Freda, put up some incredible numbers last time. I suspect we're going to get another blowout," Cramer said.Q1 2021 earnings release: after market; conference call: Tuesday, 9:00 a.m.Projected EPS: $1.81Projected revenue: $1.04 billion"We've had some