(This article was sent first to members of the CNBC Investing Club with Jim Cramer. To get the real-time updates in your inbox, subscribe here.)
What I am looking at December 16, 2021:
- Post-Fed; tangible over intangible but Santa Rally on tap... couple of days early but it will work...
- Evercore ISI... big call holiday season survey... analyst Mark Mahaney... slightly more negative on Amazon (AMZN)...Look out Adobe (ADBE) misses -bringing down all the cloud kings...
- How bad was Lennar (LEN) really?
- Nucor (NUE) was good I told club members and you should buy.
- Mysterious rally in PayPal (PYPL)...
- Shopify (SHOP) upgraded by Evercore ISI... makes money…will it hold up?
- Wayfair (W)... Bank of America goes hold to sell as it should be... cites weak near term data and tough comparisons... but it is profitable... is Williams-Sonoma (WSM) better?...
- RingCentral (RNG) contest— Goldman starts with a buy, but Morgan Stanley downgrades... fast growing revenues, but loses money... MS says no near-term catalyst to change the narrative...
- Huge call AT&T (T) upgraded hold to buy at Morgan Stanley... but they like all of telecom so don't get too excited... good analyst Simon Flannery...
- Airbnb (ABNB)... downgraded buy to hold at RBC... money loser...
- Booking Holdings (BKNG) upgraded hold to buy RBC... money maker...
- DocuSign (DOCU)... buy to hold at Morgan Stanley...EARLY CALL?
- Veeva (VEEV)... 72x eps... downgraded buy to hold Morgan Stanley...
- Medtronic (MDT)... buy to hold at Wells Fargo...real execution issues here...
- Goldman's Rangan starts Zoom Video (ZM) with a neutral despite good penetration with enterprise and consumer... taking very big share but not what you want here...
- Toast (TOST) is losing money big time, yet Morgan Stanley goes hold to buy... shouldn't work post Fed... just a brand name now?...
- Eli Lilly (LLY)...everyone loves after investor meeting... JPMorgan goes from $300 to $325 on price target and says decent pipe—I think that's not true—it is better; Alzheimer's and diabetes...Bank of America goes to $300 from $285... BMO - $320 from $311... Cantor- $335 from $315
- JPMorgan loves semis: Broadcom (AVGO) and Marvell (MRVL)...
- JPMorgan on Robinhood (HOOD)...cuts PT $26 to $17...sell rating... Bank of America, starts with sell... says perfect storm is over...
- Bank of America likes Schwab (SCHW)... buy rating...
- Wells Fargo goes from $19 to $25 PT on Ford (F)...likes General Motors (GM) too; $67 to $74 PT...
- Buy banks—all up... rate increase buy Bank of America (BAC) JPMorgan says... asks if loan volume picking up...
The CNBC Investing Club is now the official home to my Charitable Trust. It's the place where you can see every move we make for the portfolio and get my market insight before anyone else. The Charitable Trust and my writings are no longer affiliated with Action Alerts Plus in any way.
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As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. See here for the investing disclaimer.
(Jim Cramer's Charitable Trust is long NUE, PYPL, AVGO, MRVL, MS, LLY.)
