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What Jim Cramer is watching Wednesday — Did Powell outwit the critics?

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Jerome Powell, Chairman of the U.S. Federal Reserve Board, speaks at his hearing on renominations to Senate Banking, Housing and Urban Affairs Committee, Capitol Hill, Washington, U.S.A, January 11, 20,22.

Graeme Jennings| Reuters

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Here’s what I see, January 12, 2022

  • Was Powell able to outwit all the critics? telling CongressHe had all the right tools to stop inflation, while simultaneously banking on Omicron for a blitz of the popul?
  • Big Call: PayPal (PYPL)… Jefferies buy to hold and gigantic cut in price target from $255 to $200, implying a definitive shortfall… this one has been swinging in six to nine point increments pretty much everyday… owned by the trust but have a critical view of it… analyst cites subdued revenue growth in first half… “the poor optics of downgrading –40% of highs-is not lost on us.”
  • Russia has deployed attack helicopters to the Ukraine border as a test for the West…will the West buy us natural gas from the new Germany?
  • J.B. Hunt (JBHT) price target raised from  $205 to $235 at Citi…analyst remains bullish on demand says there could be a plateauing of fundamentals?…
  • EOG Resources (EOG) price target raised from $102 to $108 at KeyBanc…says look for special dividends—new kind of oil company…
  • Medicare limits Biogen (BIIB) Alzheimer’s drug, Aduhelm …they clearly skeptical $28,200 a year…Eli Lilly (LLY) has much better profile—this could be much better…
  • Mizuho Dow Inc. (DOW) Price target: $64-$65
  • BioMarin (BMRN)—could hemophilia be a big $5b franchise?… last nightMad Money… an amazingly large market…
  • Barclays raises PT $135 – $148 AMD (AMD)You are a… boughtThe sell-off…
  • KLA Corp. (KLAC) price target raised from $350 to $425 at Barclays…positive outlook; stays equal weight…
  • CVS Health (CVS) Baird increases price target to $107-$110 by raising it…but is neutral about the guidance increase…
  • Barclays cuts Skyworks (SWKS)From $200 to $185… Hold…struggles…with how much upside there is…
  • Texas Instruments (TXN) Barclays raised the price target from $170 to $180… and still considers it a sell…
  • Seagate (STX)Barclays increases price target… likes it 85 up to $100… equal weight… positive momentum…
  • Barclays invests Marvell (MRVL)Price target: $100 to $115… aggressive… favourite name of trust…we boughtsome were sold during the…
  • Micron (MU) Barclays raises price target from $100 to $105…Keeps it a buy…
  • Qualcomm (QCOM)… goes from  $180 to $185… Barclays keeps a hold on it…
  • NXP Semiconductors (NXPI)… PT $230 to $250 at Barclays and a buy…
  • Tony Xu, CEO of DoorDash…great deal he does Meta (FB)Board…important operation guy…
  • Philips (PHG)Supply chain… cut numbers
  • Shopify (SHOP)Hold on to William Blair
  • Piper likes Wells Fargo (WFC)sensitive to ratesMultiyear cleanup…call not keyed for the Q however…
  • Workday (WDAY)Barclays 345 to 318… Should it still be so expensive, even though there is high demand?
  • DoorDash (DASH)upgradedEvercore ISI…materially growing platform…strong fundamental asset…
  • Microsoft (MSFT)BMO-BMO: $355 to $365
  • Credit Suisse says Ford (F)And General Motors (GM)Closing the Gap Tesla (TSLA)

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 (Jim Cramer Charitable Trust is LLY. AMD. MRVL. MSFT. F.

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