What Jim Cramer is watching Friday, including the great Broadcom and Costco numbers
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A client outlets in a Costco retailer on September 28, 2021 in Miami, Florida.
Joe Raedle | Getty Photographs
(This text was despatched first to members of the CNBC Investing Membership with Jim Cramer. To get the real-time updates in your inbox, subscribe here.)
What I’m taking a look at December 10, 2021:
- Final evening’s earnings…three out of 5 ain’t dangerous… COST, AVGO, ORCL superb… LULU merely good.
- Coscto (COST)…this investment club name crushed it… particular dividend coming?… CFO Galanti at his most bullish and greatest on earnings name… opened second retailer in France; second constructing in China… 19 extra new warehouses coming…. 79% of containers late by 51 days…chip scarcity hurting…
- Broadcom (AVGO)... spewing money… CEO Hock Tan pronounces $10B buyback…. a lot cash… hypercomputing…AI computing… club name
- Lululemon (LULU)… Mirror Mirror on the wall-shortfall
- Oracle (ORCL)…Ellison comes out firing… says he’s crushing SAP and taking an enormous quantity of enterprise from them… the banks are actually going their manner…
- Chewy (CHWY) outcomes… actually weak and prices simply horrible
- U.S. banks… UBS takes “bullish view”… says subsequent 12 months: return of mortgage development and rising charges… Bank of America (BAC) is prime choose – most delicate fee hike… banks extra fee delicate than ever..
- Macy’s (M) greatest concept of 2022 at Cowen… says digital retail chief getting sooner and stronger… v. Rent the Runway (RENT) which is extra of a cooperative not a enterprise…. analyst says main OMNI-platform… underappreciated
- Very humorous: Credit score Suisse downgrades Peloton (PTON)…purchase to carry…going again to the fitness center….hysterically unneeded—value goal to $50 from $112… LOL
- Roku (ROKU)… Needham reduce PT $550 to $340… retains it purchase…quizzical… says greatest strategy to play OTT… TAM $60b… CTV advertisements…
- AMC Entertainment (AMC)…CEO Adam Aron sells 312,000 at $30.867 a share….CFO, sells 18,316 shares…Sean Goodman…just about all his inventory…
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(Jim Cramer’s Charitable Belief is lengthy COST, AVGO.)
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