Jim Cramer’s Top 10 Things to See on the Stock Market Friday: Stocks Stumble Again

news7g02/10/2023

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Jim Cramer's Top 10 Things to See on the Stock Market Friday: Stocks Stumble Again

My Top 10 Things to See Friday, Feb. 10 1. Echoes of the market rally earlier in the year and the perception that tourism and entertainment are the last remaining strengths of this economy affects stocks. Bond yields rose early Friday, so the Dow Jones Industrial Average, S&P 500 and Nasdaq are set to open lower. The Dow is on a weekly decline. The S&P 500 and Nasdaq are on track to break multi-week streaks. 2. Expedia (EXPE): Precious. Travel or weather, which is to blame? Management said this hurt fourth-quarter results. The company says 2023 begins with record app usage. 3. Shares of Lyft (LYFT) are losing a third of their value early Friday after the ride-hailing company’s weak forward guidance. The updated non-GAAP results calculation required by the SEC shows an adjusted EBITDA loss in Q4 of $248.3 million compared with a loss of $47.6 million in the previous quarter. 4. PayPal (PYPL) delivers a mixed fourth quarter and says CEO Dan Schulman will retire. A search for his successor is underway. PayPal announced job cuts last week. Piper Sandler likes to improve profitability at PayPal but isn’t really enthusiastic. JPMorgan raised its price target to $103 per share from $95. 5. Cloudflare (NET) beat with quarterly results. Some analysts’ price targets are bullish but not enough because they’re around where cloud stocks are already trading. Stocks have had a brutal 2022, and they’re up nearly 30% so far this year. 6. Deutsche Bank (DB) downgraded to underperforming from neutral (sell from hold) at Bank of America. Well, between Credit Suisse (CS) and DB there must be something good for JPMorgan (JPM). 7. Morgan Stanley downgraded Affirmative (AFRM) to balanced from overweight (hold from buy); reduced price target to $15 a share from $46 on a buy-now, pay-later catch-up call for the company. Pricing mistakes and changing consumer behavior affect quarterly results and guidance. 8. Stifel upgraded VF Corp (VFC) bought from hold. Is the stock’s six-day losing streak through Thursday’s close buyable? I said WHY? The quarter was better than expected earlier this week. But big dividend cuts. The scope of the guide is narrow by the company behind the Vans, The North Face and Timberland brands. 9. RL (RL) is targeted at $135 per share from $115 at Credit Suisse. This, I like. Great quarter this week at the company formerly known as Ralph Lauren. 10. Bank of America lowered its price target on Mattel (MAT) to $21 per share from $26. Worried about the weak point of the toy. Shares of Mattel, though little changed early Friday, were down more than 10% on Thursday after a rough quarter. (See here for a complete list of stocks in the Jim Cramer Charitable Trust.) As a subscriber to CNBC’s Investment Club with Jim Cramer, you’ll receive trading alerts before Jim. conduct transaction. Jim waits 45 minutes after sending the trading notice before buying or selling shares in his charity’s portfolio. If Jim had talked about a stock on CNBC, he would have waited 72 hours after issuing a trading warning before taking a trade. INFORMATION ABOUT THE ABOVE INVESTMENT CLUB IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, PLUS OUR DISCLAIMER. NO Fiduciary Obligations OR OBLIGATIONS EXIST, OR BE CREATE, BECAUSE OF YOUR RECEIVING ANY INFORMATION PROVIDED IN RELATED TO THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS GUARANTEED.

My top 10 things to watch Friday, February 10

first. Echoes of the market’s rally earlier this year and the perception that travel and entertainment are the last remaining strengths of the economy are weighing on stocks. Bond yields rise early on Friday, so Dow Jones Industrial Averagethe S&P 500 and Nasdaq is set to open lower. The Dow is on a weekly decline. The S&P 500 and Nasdaq are preparing to break a multi-week winning streak.

2. Expedia (EXPE): Weak and precious. Travel or weather, which is to blame? Management said this hurt fourth-quarter results. The company says 2023 begins with record app usage.

3. Lyft (LYFT) stock is losing a third of its value early Friday after the company ride weak guide forward. The updated non-GAAP results calculation required by the SEC shows an adjusted EBITDA loss in Q4 of $248.3 million compared with a loss of $47.6 million in the previous quarter.

4. PayPal (PYPL) delivered a mixed fourth quarter and said CEO Dan Schulman will retire. A search for his successor is underway. PayPal announced job cuts last week. Piper Sandler likes to improve profitability at PayPal but isn’t really enthusiastic. JPMorgan raised its price target to $103 per share from $95.

5. cloud (NET) beat with quarterly results. Some analysts’ price targets are bullish but not enough because they’re around where cloud stocks are already trading. Stocks have had a brutal 2022, and they’re up nearly 30% so far this year.

6. Deutsche Bank (DB) fell to underperform from neutral (sell from hold) at Bank of America. Well, between Credit Suisse (CS) and DB must have something good for JP Morgan (JPM).

7. Morgan Stanley downgraded Confirm (AFRM) to balance from overweight (keep from buy); reduced price target to $15 a share from $46 on a buy-now, pay-later catch-up call for the company. Pricing mistakes and changing consumer behavior affect quarterly results and guidance.

8. stuffy upgrade VF joint stock company (VFC) to buy from hold. Is the stock’s six-day losing streak through Thursday’s close buyable? I said WHY? The quarter was better than expected earlier this week. But big dividend cuts. The scope of the guide is narrow by the company behind the Vans, The North Face and Timberland brands.

9. RL (RL) is targeted at $135 per share from $115 at Credit Suisse. This, I like. Great quarter this week at the company formerly known as Ralph Lauren.

ten. Bank of America lowers price target on blur (MAT) to 21 USD/share from 26 USD. Worried about the weak point of the toy. Shares of Mattel, though little changed early Friday, were down more than 10% on Thursday after a rough quarter.

(See This for a complete list of stocks in the Jim Cramer philanthropic trust.)

As a subscriber to CNBC’s Investment Club with Jim Cramer, you’ll receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending the trading notice before buying or selling shares in his charity’s portfolio. If Jim had talked about a stock on CNBC, he would have waited 72 hours after issuing a trading warning before taking a trade.

INFORMATION OF THE ABOVE INVESTMENT CLUB IS OUR DEPARTMENT TERMS AND CONDITIONS AND PRIVACY POLICYACCOUNTING WITH US DISCLAIMER US DISCLAIMER. NO PROCEDURE RESPONSIBILITIES OR OBLIGATIONS ARE existent, OR GENERAL, BECAUSE OF YOUR RECEIVING OF ANY INFORMATION PROVIDED IN RELATED TO THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS GUARANTEED.