Jim Cramer
Scott Mlyn | CNBC
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What I am looking at, January 10, 2022:
- Rate hike game.., who can be the over?… it looks like Goldman Sachs might be…with prediction for four 2022 hikes today… this is a game that makes it difficult to figure out what to pay for stocks, but suffice it to say every time we get a higher count, we are going to get more bank stock increases.
- How bad is whatever is ailing PayPal (PYPL)?… this time they float that they might be doing a stablecoin: the story says they are thinking about planning one…. with crypto going down and nothing else new you get a stock that will keep going lower…
- Are the casinos the worst group in the world?… today Bank of America downgrades Las Vegas Sands (LVS) from hold to sell…
- United Rentals (URI)… Deutsche Bank recommends short term buy…says difficult to find any stocks with upside after they report…
- Deutsche Bank says take advantage of Vertiv (VRT) weakness which is a database play…names it short term buy idea… calls it a headscratcher but the database stocks have been very weak… too many of them?
- Truist lowers Twitter (TWTR) number in wake of sale of Mopub… I think there is still a chance to save Twitter…they must recognize that bloodsport is Twitter and Twitter+ is subscription free of smut…
- Dell (DELL) upgraded hold to buy ahead of analyst meeting at Bernstein… we like old tech: Cisco (CSCO), Oracle (ORCL) and Dell — has big balance sheet; demand…
- Citi cuts PT on Alibaba (BABA) $234 to o $216… cites macro concerns, further soft consumption demand…
- Good test of high multiple tech… UBS cuts Zscaler (ZS) price target, BUT goes from hold to buy ($380 down to 350)… cites sustainable thirty percent growth for cloud based platform mobile security… too many of these, too…
- Piper goes buy to hold on Airbnb (ABNB)… expectations too high?… PT $215 down to $165…this is the kind of story we have seen ever since the initial upgrades at the beginning of the year…
- Piper thinks Biomarin (BMRN) gets nod on its Hemophilia drug…
- Novartis (NVS)… Citi resumes with a buy—maybe short-term activist sentiment?…
- William Blair starts Cvent (CVT) with a buy… still one more software as a service…. Had been for inperson…
- Barclays takes American Express (AXP) price target from $171 to $182…AXP—strong econ and housing market…
- Take-Two (TTWO) buys Zynga (ZNGA) for $9.86…had been $6…says combined company to deliver 14% compound annual growth….Farmville, Harry Potter puzzle game, Game of Thrones slots casino… did CEO Strauss Zelnick pay too much?… has work remote hurt these guys?
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(Jim Cramer’s Charitable Trust is long CSCO, WYNN, PYPL.)
