What I’m looking at July 25, 2022 Still downgrading Snap (SNAP), this time from Wolfe Research and Morgan Stanley. How could they be so wrong? Winner takes all and loser nothing compared to the club holdings of Alphabet (GOOGL), Google and Facebook’s (META) parent metaplatforms? SNAP fell 2% in premarket trading after falling 39% on Friday. Barclays Semiconductors Share Target Reset: Nvidia Owning Club (NVDA) to $200/share from $295; Skyworks Solutions (SWKS) to $122 from $125; Marvell Technology Club Holding (MRVL) to $60 from $80. Qorvo (QRVO) to $120 from $135. This is what it takes to progress. Barclays refrains from buying (equal weight due to overweight) on Lam Research (LRCX), saying it’s too early to buy the dip. Substantial says a reset is needed, cuts price target to $450 per share from $625. I don’t know, do you really want to do this before the eventual success of CHIPS on Capitol Hill? Barclays cuts PT on KLA Corporation (KLAC) to $325 from $365. Piper Sandler raises Blackstone’s (BX) price target to $120 per share from $150. Really put hate on this one. Oppenheimer lowers Visa’s (V) and PayPal’s (PYPL) price targets to more reasonable levels. Barclays lowered its price target on Capital One (COF) to $170 per share from $207, with costs rising and earnings falling. Quite a contrast to that excellent American Express (AXP) quarter. Barclays and Stephens raise PT on Amex. PPG Industries (PPG) is an outstanding quarter, considering. Can you buy a cyclical stock during a downturn? I think you should be more like Club holding Danaher (DHR); Mizuho and Wells Fargo are raising their PPG price targets. But Europe’s revenue is 35%. Susquehanna refuses to buy (neutral or positive) shares of United Airlines (UAL). It was a shockingly bad quarter, all things considered. European airline Ryanair (RYAAY) handles 115% of traffic in 2019; Italy, Austria, Poland, Portugal and Ireland; says plane delays from Boeing (BA) are inexplicable, 50 required. Oppenheimer’s Global Payments (GPN) target price cut to $152 per share from $176. God, do people really hate fintech. Oppenheimer also reduces the Block (SQ) PT to $112 from $150. China Evergrande Group restructuring this week: foreign debt of $22 billion; China is launching a $44 billion fund to bail out its developers, many of whom are heavily indebted. Twitter (TWTR): The importance of this Elon Musk claim rises a day after Friday’s quarterly misses in earnings, earnings and user growth. Baird says Twitter is a very complex company. Deutsche Bank says the catalyst for Tesla’s short-term purchase of Musk (TSLA) has run out. Barclays raises Schlumberger’s (SLB) price target to $61 per share from $59. Pretty flawless quarterly results. Intel (INTC) promotes MediaTek: The Taiwanese company has signed a contract with Intel Foundry Services. Wells Fargo, concerned about ServiceNow (NOW), cuts its price target to $550 per share from $600. But didn’t CEO Bill McDermott shy away from the risks when he was on Mad Money on July 11? HCA Healthcare (HCA) price targets have been raised at Credit Suisse to $250 per share from $230 and at Bank of America to $230 from $192. Clorox’s (CLX) target price has been raised to $135 per share from Deutsche Bank’s $132, but the stock’s rating remains Hold. Deutsche Bank raises its target price for Molson Coors (TAP) shares to $54 per share from $51. Deutsche Bank says Club owns Apple (AAPL) better than its peers. (The Jim Cramer Charitable Foundation is long GOOGL, META, DHR, NVDA, MRVL, and AAPL. See the full list of stocks here.) As a CNBC Investing Club subscriber with Jim Cramer, you will receive a trade notice before Jim makes a trade . Jim waits 45 minutes after sending a trade alert before buying or selling shares in his charitable foundation’s portfolio. If Jim was talking about a stock on CNBC, he waits 72 hours after a trade alert is posted before making a trade. THE ABOVE INFORMATION ABOUT INVESTMENT CLUB IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH OUR DISCLAIMER. NO FIDUCIARY OBLIGATIONS OR OBLIGATIONS ARE OR ARISING IN CONNECTION WITH YOUR RECEIVING ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULT OR PROFIT IS GUARANTEED.
CEO of Snap Inc. Evan Spiegel walks into the morning session at the Allen & Company Sun Valley Conference on July 7, 2021 in Sun Valley, Idaho.
Kevin Ditch | Getty Images
What I’m looking at July 25, 2022
Still downgrading Snap (SNAP), this time by Wolfe Research and Morgan Stanley. How could they be so wrong? Winner takes all and losers get nothing compared to Google’s Club Holdings Alphabet’s (GOOGL) metaplatforms (META) and Facebook’s parent metaplatforms? SNAP fell 2% in premarket trading after falling 39% on Friday.
Barclays Semiconductors Share Target Reset: Nvidia Owning Club (NVDA) to $200/share from $295; Skyworks Solutions (SWKS) to $122 from $125; Marvell Technology Club Holding (MRVL) to $60 from $80. Qorvo (QRVO) to $120 from $135. This is what it takes to progress.
- Barclays refrains from buying (equal weight due to overweight) on Lam Research (LRCX), saying it’s too early to buy the dip. Substantial says a reset is needed, cuts price target to $450 per share from $625. I don’t know, do you really want to do this before the eventual success of CHIPS on Capitol Hill? Barclays cuts PT on KLA Corporation (KLAC) to $325 from $365.
Leave a Comment