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On Friday, CNBC’s Jim Cramer discussed the start of earnings season, focusing on quarterly results from big banks and other corporations in the packaged food and tourism industries. The “Mad Money” host’s forecast came after Wall Street stocks rose sharply to recover from a massive sell-off on Thursday, helping the major averages finish the week higher. “What happens next week will have an impact on the entire earnings season,” Cramer said. “If we get any good ones, we’ll be ecstatic, but a string of bad bank figures and some surprising Covid stats might make for a difficult earnings season.” FactSet estimates are used to calculate revenue and earnings-per-share projections: Tuesday’s earnings include PepsiCo, JPMorgan Chase, and Goldman Sachs. 6 a.m.: PepsiCoQ4 2021 earnings release; 8:15 a.m.: conference call Earnings per share (EPS) forecasted: $1.53 $17.97 billion in revenue is expected. 7 a.m.: JPMorgan ChaseQ2 2021 results release; 8:30 a.m.: JPMorgan Chase conference call EPS forecast: $3.16 Revenue forecast: $29.96 billion “PepsiCo will provide us with impressive figures, but they will also have to discuss how raw material costs, particularly freight, continue to rise. JP Morgan should also provide good figures, but they’ll have to explain why trading and lending aren’t as robust as they should be “Cramer explained. “Given those two downsides, I believe both companies are now overvalued,” he concluded. “Unless, of course, we see a substantial pullback on Monday, I would hold off on buying them until earnings.” 7:30 a.m.: Goldman Sachs Q2 2021 earnings release; 9:30 a.m.: Goldman Sachs conference call Estimated Earnings Per Share (EPS): $10 Revenue forecast: $12.13 billion “If people are concerned about trading profits, they should be especially concerned about Goldman,” he said, “since so much of their business is trading profits, even though corporate financial revenues should be healthy.” Wells Fargo, Bank of America, and Citigroup report earnings on Wednesday. Wells Fargo will report its Q2 2021 earnings at 8 a.m., followed by a conference call at 11:30 a.m. 95 cents per share is the expected earnings per share. $17.77 billion in revenue is expected. “Wells Fargo is more of a turnaround tale than a banking narrative,” Cramer said. “If CEO Charlie Scharf offers us a compelling story about how the turnaround is going, I believe his stock can break away from the pack and set new year-end highs.” Bank of America will report its Q2 2021 earnings at 6:45 a.m., followed by a conference call at 9 a.m. EPS forecast: 77 cents $21.86 billion in revenue is expected. “If you feel the economy is going to get stronger and interest rates are going to climb, possibly rapidly, then you should purchase Bank of America stock right now,” he said. 8 a.m.: Citigroup Q2 2021 earnings release; 10 a.m.: Citigroup conference call Earnings per share (EPS) forecasted: $1.99 $17.32 billion in revenue is expected. “I’m not sure about Citigroup’s earnings quality, new CEO there,” the “Mad Money” host added. “It’s an affordable stock, but I don’t want to get behind it.” Delta Air Lines’ Q2 2021 earnings report will be released before the market opens; a conference call will be held at 10 a.m. Earnings per share (EPS) forecast: $1.36 $6.14 billion in revenue is expected. “I’d like to know how much Delta is being harmed by the Delta Covid strain,” Cramer added. “We also need to know whether business travelers are returning.” BlackRock will disclose its Q2 2021 earnings before the market opens; the conference call will begin at 8:30 a.m. EPS forecast: $9.31 $4.6 billion in revenue is expected. “I’m hoping they’ll tell us what they think about outfits like Engine No. 1,” he remarked. UnitedHealth Group and Alcoa report earnings on Thursday. The UnitedHealth Group is a health-care conglomerate Earnings report for the second quarter of 2021 will be released before the market opens; a conference call will be held at 8:45 a.m. EPS forecast: $4.43 Revenue forecast: $69.47 billion “It’s still for sale,” Cramer remarked. Aftermarket earnings announcement for AlcoaQ2 2021; conference call at 5 p.m. Estimated earnings per share (EPS): $1.28 Estimated revenue: $2.64 billion “They gave us a terrific quarter last time,” he continued, “but it now appears that many of the cyclicals have peaked.” “This one is particularly important since aluminum is used in almost everything, and growing costs have been a huge stumbling block for many aluminum buyers’ gross margins.” Friday: Kansas City’s First Horizon Southern The first HorizonQ2 2021 earnings announcement will be at 6:45 a.m., with a 9:30 a.m. conference call. Earnings per share (EPS) forecast: 39 cents Revenue forecast: $771 million “I believe it has the potential to be a monster because its core Tennessee market is booming,” Cramer said. Q2 2021 earnings release: before market; conference call: 8:45 a.m. Kansas City SouthernQ2 2021 earnings release: before market; conference call: 8:45 a.m. EPS forecast: $2.17 Revenue is expected to be $750 million. “Expect them to say something about Biden’s sudden animosity against the sector,” he said. “I believe the White House is attempting to sabotage this agreement. I wouldn’t be surprised if they get their way in some way.” Wells Fargo is a stock that Cramer’s charitable trust owns. Disclaimer Do you have any questions for Cramer? Cramer may be reached at 1-800-743-CNBC. Interested in learning more about Cramer’s world? Make contact with him! Money that’s out of control Jim Cramer on Twitter Twitter, Facebook, and Instagram are three of the most popular social media platforms. 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