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What Jim Cramer is watching in the market Wednesday, including Salesforce


Jim Cramer

Scott Mlyn | CNBC

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Here’s what I see December 1, 2021.

  • Salesforce (CRM)How bad is that? Guidance is less meaningful here than operating cash flow and strength of current Q… growing pains at Mulesoft but awesome at Slack… there is a currency issue…I still think on track for 2022…
  • Global Foundries (GFS) is awesome and it is the chip shortage which they are actually addressing… all analysts raising numbers…
  • Goldman likes Lennar (LEN) hold to buy and takes DR Horton (DHI) buy to hold…this is just portfolio reshuffling… Lennar is spinning off non-core assets…
  • PayPal (PYPL) is bigger than Affirm on BNPL (buy now, pay later) – Mad Money interview with CEO Dan SchulmanThe man is marking the boundary in the sand… TIME to BUY
  • Twitter (TWTR)… Cathie Wood bought 1.1 million – at same time Citi goes from $60 price target to $4… Citi says current valuation reflects stock value… Let’s watch what she has to say when Sara Eisen from CNBC Pro grills her. Must watch
  • Tesla (TSLA)… Musk whistle $50 going for $2250 on Ebay… Do you have to buy it with Ethereum?
  • Could Omicron possibly be our salvation ?… John Ellis Newsletter suggests that this could be true. The UCL Genetics Institute’s Francois Balloux says this could displace the far more worrisome delta….  UCL Genetics 30 nobel laureates… this is the Goldman’s Hatzius scenario four we described in this note Monday
  • UBS Evidence Lab is a favorite Apple (AAPL)… says wait times big for most expensive models—plus the giveaways by VZ, T, TMUS… China Availability good…$175 PT at UBS
  • Krispy Kreme (DNUT)Goldman Sachs goes from neutral to sellGoldman’s $14 target is at risk 
  • Box (BOX)… Ray Jay offers PT for as low as $29 or $30.. Says growth metrics are much better
  • Mastercard (MA)… credit card applications at pandemic high according to Federal Reserve… MA boosts dividend 11% announcing $8B buyback plan…We own it for the club… had $4.4 billion in current buyback plan left already… they are HUGE buyers of their stock down here.

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 (Jim Cramer’s Charitable Trust is CRM, PYPL and AAPL long.