What I’m looking forward to on July 11, 2022 on Twitter Jump ball: Elon Musk closes the deal. Twitter (TWTR) says it will sue. The stock is down 5% in the primary market. Baird cut price target to $33 per share from $45. Meta Platforms (META), a club holding company, lowered its sell-to-hold rating (poor performance from suspension) in Needham. Very radical given how Reels took off. Metaverse obsessed with Zuckerberg? The club that holds Nvidia (NVDA) hasn’t finished relegation yet. Not until all targeted price cuts are over. On Monday, Piper Sandler will move to $235 per share from $250. Russia, China, and Ether, it all plays with its weight on the numbers. Watch the Investment Club’s “Monthly Meeting” at 12 PM ET to learn more. No end to Boston Beer (SAM) target price cut. This time, Credit Suisse will go to $400 per share from $620. Miss and interrupt incoming routing. We prefer trust owned Constellation Brands (STZ), which is now higher in terms of earnings reported. Piper Sandler cuts price target for Restaurant Brands International (QSR), which owns Burger King, at $52 per share from $60, seeing a loss per share. I think McDonald’s (MCD) is prepared for the quarter-finals. Loop Capital starts Boyd Gaming (BYD) coverage with a buy rating. Club Holding Wynn Resorts (WYNN) continues to experience problems in Macau. Piper lowers Blackstone (BX) and KKR (KKR). Endless target price cuts. Club Holding Honeywell (HON) upgraded to buy from neutral in Bank of America. Jefferies takes Lululemon (LULU) downgraded to sell from hold (poor performance from hold), with target price cut to $200 per share from $375. Stryker (SYK) moves to neutral from buying at BofA. Mattel (MAT) has been promoted to buy from neutrals at Goldman Sachs, and cites fixed leverage for new games. “Thor: Love and Thunder” is the big winner for the Club Disney Contract (DIS): $143 million at the domestic box office opener. But no one cares at all because Wall Street considers her a relentless loser, an idea we don’t understand. Range Resources (RRC) go buy from hold (overweight from equal weight) in Wells Fargo; Southwestern Energy (SWN) is also for purchase. Citi lowered its price target on American Airlines (AAL) to $15.75 per share from $22. Crown Castle (CCI) to $200 per share from $204 in Citi, which it says will lose consensus. Lowering its target price for American Express (AXP) to $157 per share from $190 at Barclays, which sees some savings risks. Goldman Sachs lowers its Upstart-to-sell (UPST) rating from neutral, with a new price target of $14 per share versus the previous $40. Goldman Sachs sees a slowdown in asset creation and revenue growth, lower confidence in differentiation, and buyers in the decision to lend will need higher rates. Bad advertisement. I must now quote a higher rate. High cost of financing. AI does not work against the FICO score. Goldman Buy Now likes Pay Later Affirm (AFRM) as best in class, but sees regulatory and financing margins as issues. The club that carries Advanced Micro Devices (AMD) has slashed the price to $85 from $115 at Barclays, and the second half is believed to be much more brutal. Intel (INTC) to $40 from $45 for Barclays, same reasoning. Barclays takes DuPont (DD) price target to $64 per share from $78; Dow Inc. (DOW) to $60 from $72; Barclays notes that Club Holdings Linde (LIN) is the top choice in the chemicals sector. KB Home (KBH) lowered its buy rating (neutral from outperformance) on Credit Suisse, lowering its target price to $35 per share from $42. Evercore Marriott (MAR) to buy from hold (outperforms the line). Quinn says Apple (AAPL) sales are likely healthy. Wireless tech company Qorvo (ORVO) lowered its hold from buy (outperform market) rating on Cowen, which sees more fundamental and macro business challenges. Baird downgrades the Dutch brothers. (BROS) to keep from buying (neutral from superior). Tactical reduction. Higher risk of deflation in broader discretionary spending. (Jim Cramer’s Charitable Trust is long-running from NVDA, WYNN, HON, META, AMD, LIN, and AAPL. See here for a full list of stocks.) As a subscriber to the CNBC Investment Club with Jim Cramer, you’ll 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 fund portfolio. If Jim talks about a stock on CNBC TV, he waits 72 hours after the trade alert is issued before executing the trade. The above investment club information is subject to our Terms and Conditions and Privacy Policy, along with our disclaimer. No fiduciary obligation or duties will be created, or be created, by virtue of your receipt of any information provided in connection with the Investment Club. There are no specific results or guaranteed profit.
Mark Zuckerberg, CEO of Meta Platforms, appeared on CNBC’s “Mad Money” with Jim Cramer on June 22, 2022.
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What to look forward to on July 11, 2022
Jumpball on Twitter: Elon Musk ends the deal. Twitter (TWTR) says it will sue. The stock is down 5% in the primary market. Baird cut price target to $33 per share from $45.
Meta Platforms (META), a club holding company, lowered its sell-to-hold rating (poor performance from suspension) in Needham. Very radical given how Reels took off. Metaverse obsessed with Zuckerberg?
The club that holds Nvidia (NVDA) hasn’t finished relegation yet. Not until all targeted price cuts are over. On Monday, Piper Sandler will move to $235 per share from $250. Russia, China, and Ether, all of this plays with its weight on the numbers. Watch the Investment Club’s “Monthly Meeting” at 12 noon ET to learn more.
No end to Boston Beer (SAM) target price cut. This time, Credit Suisse will go to $400 per share from $620. Miss and interrupt incoming routing. We prefer trust owned Constellation Brands (STZ), which is now higher in terms of earnings reported.
