Bundles of steel from Nucor Corp. sit for sale to at Thompson Building Materials in Lomita, California, U.S., on Thursday, Aug. 30, 2012.
Patrick Fallon | Bloomberg | Getty Images
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What I am looking at, December 14, 2021:
- Big themes: Flight to companies that make stuff and do things: Nucor (NUE) and Johnson & Johnson (JNJ).
- Will the destruction of retail continue and is it omicron or is it the Fed or both?
- Pfizer (PFE)… pill could be good… no death, hospital lessened
- I have Bausch Health (BHC) CEO on Mad Money tonight… It is the long awaited break up into three companies… I think that the parts are worth much more than the whole.
- SVB Financial Group (SIVB)… down almost 100 points but is better with MoffettNathanson… may be worth another look…
- Doximity (DOCS)… hold to sell JP Morgan… pretty severe…
- Cathie Wood buying Endeavor Group Holdings (EDR)… 139,000 shares… kind of hard to understand…
- Dell Technologies (DELL) downgraded at Evercore ISI and then JPMorgan removed from focus list… JPM cites 50% appreciation YTD…. but keeps buy rating… Evercore says incremental price appreciation only… too high
- Piper says Dollar Tree (DLTR) response to Mantle Tree “fell flat”… says some of Mantle nominations have merit…
- Kroger (KR) cuts back benefits for the unvaccinated…
- Starbucks (SBUX) union drive is not over… did they hire the wrong people?… a union organizer was hired, first mistake… second: were the Buffalo stores really well run or not? … Baird price target cut from $128 to $126… worried about negative state-owned media coverage in China… Bloomberg says they are trying to organize in Boston…
- Zscaler (ZS)… JPMorgan downgrades… cites limited upside, valuation risk
- Cloudflare (NET) downgraded hold to sell JPMorgan—heresy…
- CrowdStrike (CRWD) upgraded hold to buy JPMorgan—compressed valuation… analyst is Sterling Auty… important
- Discovery (DISCA) could double according to Citi… says it deserves a higher price -to-sales ratio…
- Bank of America upgrades Apple (AAPL) hold to buy…now?… had $160 price target since April 28th… says AR the killer app for new phone… downgraded on August 5th 2020…new target $210…
- McDonald’s (MCD)…price target raised $255 to $295 BTIG—channel checks
- JPMorgan goes hold to buy on NOV Inc. (NOV) the old National Varco…saying there is strong demand, new wave of global upstream drilling… will benefit them
- Aecom (ACM)… Baird says good book of business…but it I think this is a primary infra stock…
- PayPal (PYPL) price target cut from $275 to $225 at Mizuho…cites hidden risks…
- Nike (NKE) pt raised $166 to $199 at Deutsche Bank…reports 20th… they think will be better…
- Block (SQ) – (Square)- $380 to $295 pt lowered by Mizuho…again, citing hidden risks…also takes Affirm (AFRM) $180 to $140… hidden risk.
- Musk Time person of the year…attacks Facebook … makes point on autonomous cars: “The deaths would drop dramatically.”
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(Jim Cramer’s Charitable Trust is long NUE, AAPL, PYPL.)
