Jim Cramer
Scott Mlyn | CNBC
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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…
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(Jim Cramer’s Charitable Trust is long NUE, PYPL, AVGO, MRVL, MS, LLY.)
