What Jim Cramer is watching Monday — Our investing mantra for 2022
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Jim Cramer
Scott Mlyn | CNBC
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This is my January 3rd 2022 view:
- Motto of the Club: Can it do things for a profit ?…? Otherwise, multiple earnings multiplier…
- Wells Fargo (WFC) upgradedBarclays… Charitable Trust Name and the cheapest major banks stock (yes cheaper than Citigroup, because we still don’t know what’s wrong there )… target price goes from $50-$62; cites improved regulatory costs controls… This is Charlie Scharf’s year… Barclays would like rate sensitivity to be downgraded U.S. Bancorp (USB)…But Citigroup (C) PT lowered from $86 to $73…Morgan Stanley (MS) PT $110 to $123 at Barclays—Year of the bank? This could be…valuations very low…we hold this trust. It has been a great win… JPMorgan (JPM) PT $193 to $202, citing loan growth to accelerate and margins going higher from net interest… Goldman Sachs (GS)From $483 to $556 KeyCorp (KEY)PT $24 to $256; PNC Financial (PNC)Upgraded Hold to Buy: $220 to $250 PM PT…
- Tesla (TSLA) Deliveries Q4 308,000 v. 267,000 estimateFull-year deliveries exceed 936,000…price target at JPMorgan raised from $250 a $295…What were you expecting? Is he able to take it all the way up to $1100 Fourth q earnings estimate at JPM now $2.22 from $1.54…Bernstein’s Toni Sacconaghi remains a skeptic, cites $1million per car valuation…but strong profitability…
- Citi takes Pioneer Natural (PXD) PT 216-218 on Opec+ production increases…The year of discipline continues
- McDonald’s (MCD)… hold to buy at PiperThe… PT ranges from $232- $282. Incrementally confident but Restaurant Brands (QSR)Downgraded Buy to Hold $70 to $60
- Apple (AAPL)… Wedbush says iPhone demand looks strong for 2022—China major source of strength… let’s not forget the phone companies here giving phones away…demand outstripping supply?
- Regeneron (REGN)Upgraded from Hold to Buy at Bernstein… Why is this stock selling for 9x earnings and $68b in market capital?
- Big upgrade… PayPal (PYPL) To buy at BMO (charitable trust and serious underperformer analyst cites stock going from 51xP/E to 28x… however, analyst believes that stock should increase by 34x based upon the payment stock values… PT target $224…
- Guggenheim says Nike (NKE) is best idea… Usual yada yada—digital rap… technology…dominant…
- BTIG’s top picks Starbucks (SBUX) Roblox (RBLX)..says SBUX prior sales expectations will be beat; accelerating unit growth… Roblox—new uses gaming, social, advertising, commerce…
- Names of Goldman Sachs AMD (AMD), Marvell (MRVL) The top semi ideas… and also recommends barbell Analog Devices (ADI), Micron (MU), ON Semiconductor (ON), Qorvo (QRVO)—more cyclical… SOX index up 41% (latter group have low reasonable multiple)…
- Loop has a good sense of humor about special hardlines. Best Buy (BBY) RH (RH)(Multiples really have shrunk here )…
- Wendy’s (WEN)—Stephens top pick… says inflation protection because of franchise model, lots of upside potential….
- Amazon (AMZN)… Time to Buy ?… Guggenheim says e-comm v retail improving; some positive sticky consumer trends—big Charitable trust name -significant increase in purchase activity—also good demo…
- MKM loves Delta (DAL)Levered to international travel in 2022, end of pandemics and rising prices…
- Goldman suggests that you go with Microsoft (MSFT) Salesforce (CRM)Top picks for software… both charitable trust name…
- Rocket (RKT)…upgraded by Wedbush to maintain from belowperform… Both Rocket Auto and Instalment Lending… have been a disappointment.
- Broadcom (AVGO)…Piper goes $680 to $750-charitable trust name…
- Mizuho says buy Chevron (CVX) EOG Resources (EOG)Continued strong demand for CVX in 2022… I agree –bought CVX because of it for the trust
- Constellation Brands (STZ)… PT 275-283 JPMorgan Results Jan 6 material upside on beer consumption
- Susquehanna likes the rails—Union Pacific (UNP) (club name), Norfolk Southern (NSC), CSX (CSX)—cyclical optimism-looking for big volume growth…
- Bed Bath & Beyond (BBBY)PT lowers at Wedbush from $18 to $12… Reports Jan 6,… Expectations are low
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Jim Cramer Charitable Trust has WFC, MS and PYPL. It also includes CRM, CRM, AVGOs, AMZNs, CVX, UNP and AAPL.
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