U.S. Federal Reserve Board Chairman Jerome Powell speaks during his re-nominations hearing of the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington, U.S., January 11, 2022.
Graeme Jennings | Reuters
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What I am looking at, January 12, 2022:
- Did Powell outwit the myriad of critics yesterday by telling Congress he had the tools to quell inflation while at the same time banking on Omicron to blitz the population?
- Big Call: PayPal (PYPL)… Jefferies buy to hold and gigantic cut in price target from $255 to $200, implying a definitive shortfall… this one has been swinging in six to nine point increments pretty much everyday… owned by the trust but have a critical view of it… analyst cites subdued revenue growth in first half… “the poor optics of downgrading –40% of highs-is not lost on us.”
- Russia massing attack helicopters near Ukraine border in test of the West… will the new Germany sell us out for natural gas?
- J.B. Hunt (JBHT) price target raised from $205 to $235 at Citi…analyst remains bullish on demand says there could be a plateauing of fundamentals?…
- EOG Resources (EOG) price target raised from $102 to $108 at KeyBanc…says look for special dividends—new kind of oil company…
- Medicare limits Biogen (BIIB) Alzheimer’s drug, Aduhelm …they clearly skeptical $28,200 a year…Eli Lilly (LLY) has much better profile—this could be much better…
- Mizuho Dow Inc. (DOW) price target $64 to $65…
- BioMarin (BMRN)—could hemophilia be a big $5b franchise?… last night on Mad Money… surprisingly large market…
- Barclays raises PT $135 to $148 on AMD (AMD)… we bought during the sell-off…
- KLA Corp. (KLAC) price target raised from $350 to $425 at Barclays…positive outlook; stays equal weight…
- CVS Health (CVS) price target raised from $107 to $110 by Baird…but stays neutral and not surprise on the guidance raise…
- Barclays cuts Skyworks (SWKS) from $200 to $185… hold…struggles with how much upside is left…
- Texas Instruments (TXN) price target raised $170 to $180 at Barclays… yet keeps it as a sell…
- Seagate (STX) price target raised at Barclays… likes it …$85 to $100… equal weight… some positive momentum…
- Barclays takes Marvell (MRVL) price target from $100 to $115… aggressive… favorite name of trust…we bought some during the sell-off…
- Micron (MU) price target raised from $100 to $105 at Barclays… keeps a buy on it…
- Qualcomm (QCOM)… goes from $180 to $185… Barclays keeps a hold on it…
- NXP Semiconductors (NXPI)… PT $230 to $250 at Barclays and a buy…
- DoorDash’s CEO Tony Xu…big deal he goes on Meta (FB) board…important operations guy…
- Philips (PHG)…cuts numbers… supply chain
- Shopify (SHOP)… hold to buy William Blair…
- Piper likes Wells Fargo (WFC)… sensitive to rates, multiyear clean up… call not keyed to the Q though…
- Workday (WDAY)… Barclays $345 to $318… should it be that expensive even if demand is strong?
- DoorDash (DASH)… upgraded at Evercore ISI…materially expanding platform… strong fundamental asset…
- Microsoft (MSFT)… $355 to $365 at BMO… we own it…
- Credit Suisse says Ford (F) and General Motors (GM) closing the gap with Tesla (TSLA)…
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(Jim Cramer’s Charitable Trust is long LLY, AMD, MRVL, MSFT, F.)
