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What I am looking at December 16, 2021:
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.)
