TheStreet’s Jim Cramer is watching Campbell Soup (CPB) and Medtronic (MDT) as both companies are set to release their latest quarterly results on Thursday. Cramer expects Campbell Soup ‘is going to do quite well’ when it reports fourth quarter fiscal 2015 results before the opening bell. He adds, ‘it’s well off its highs and that’s when it pays to be buying it.’ Last quarter, the packaged foods maker posted a positive earnings surprise of 21.6 percent. For its current quarter, analysts are expecting earnings of $0.42 a share on 1.69 billion in revenue. On Medtronic, Cramer says ‘Medtronic is the poster boy for the last company that did an inversion and then did an acquisition obviously, and the integration is just terrific.’ Cramer says while he likes what Medtronic looks like, he likes Edwards Lifesciences (EW) and St. Jude Medical (STJ) more. ‘But watch Medtronic’, he says. ‘No predictions here because even if a company does a good number, in this tape, if it’s a wrong day, it’s a down stock.’ Analysts polled by Reuters are expecting the medical device manufacturer to post earnings of $1.01 a share on $7.05 billion in revenue.
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