Jim Cramer
Scott Mlyn | CNBC
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What I’m watching on December 7, 2021:
- Where did all those bozo sellers go two weeks ago? …even the oil sellers…you couldn’t believe this market could allow so many sellers at the same time…panic is not a strategy.. .jokers left me: people early morning ice painters – those who tried to make the market look bad, disappeared… maybe after they revealed last night on Mad Money?
- Intel (INTC) can’t do it with earnings so they do it with the breakup? … Intel will give public self-driving unit… $15.3 billion paid in March 2107 … Brian Krzanich bought it … need new customer list … BMW is customer but BMW is main customer Nvidia (NVDA)… have they solved the black tape yet? … (Brian now works at CDK Global, software for car companies) …
- Coupa Software (COUP) —Of idols? … see slower growth in cloud/digital ordering/shopping…
- MongoDB (MDB)… still going strong and surprisingly it’s down 18% from print… more enterprise software… is it too much of this? Cloud based data management… we have a lot of this… cloud based, this is cloud based… where is the real biz? … Piper raises price target from $525 to 585…
- Restaurant Brand (QSR)… hold to buy at Evercore ISI … do we like Burger King, Wendy’s and McDonald’s?
- Merck (MRK) downgraded by Guggenheim … another bankruptcy for Merck after the anti-virus program failed to beat Pfizer (PFE)…
- CarMax (KMX) upgraded by JPMorgan…better than peers in terms of labor and congestion…I like Carvana (CVNA) and Lithia Motors (LAD) much more… Carvana is fast and reliable but analysts lower price target due to labor costs and capacity constraints… Lithia is growing through incredible acquisitions, but even so no one even knows because it’s founded in Ashland, Oregon…the owner lives next door where my daughter lives…good guy…Bryan Deboer… (Note: Lithia is based in Medford, Oregon) …
- Starbucks (SBUX)… upgraded to buy from neutral at MKM… $1 billion investment is a drag in the short term…
- Micron (MU)… The vehement rally says Citi…you’ve missed twenty points but better late than never…may lead the tech rally…
- Apple (AAPL)… own it, don’t trade it… Morgan Stanley’s Katy Huberty with a huge call: price target up from $164 to $200…where is the supplier weakness, Apple tell them that the business is weak? … iPhone supply and app store increase surprisingly … this is an amazing return from the Bloomberg story that rocked a lot of stock for $ 162 … Katy calls it a name “flight to quality”…
- PPG Industries (PPG)… Evercore ISI upgraded it even though the previous two quarters were missed… They downgraded Linde (LIN) – a charitable trust name – even with the recent two quarters off… analysts are neutral on industrial gas stocks…
- JP Morgan upgrade Bumble (BMBL)… feel more confident after meeting with management: dating relationship ecology system v. slow app payer growth…
- China … Politburo says growth is a priority – this has caused Chinese stocks to fall… Wait three days and sell? … US stocks with Chinese business as well…
- AT&T (T)… Citi drops PT from $31 to $29… if you hate it, don’t own it…
- While UBS keeps Tesla (TSLA) as an analyst, neutral with advanced PT from $725 to $1000.. How can you keep it neutral with that upside? … How can you not go buy? … Tesla in a bear market…
- Musk with hair like the president of North Korea opposed Biden’s proposal for $ 12,500 gathered by the union … really benefited Ford (F)… He wants it boxed…
- Morgan Stanley analyst Weiss likes franchise players Adobe (ADBE), Intuit (INTU), Microsoft (MSFT), Salesforce (CRM) and Palo Alto (PANW).
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(Jim Cramer’s philanthropic foundation is NVDA Long, AAPL, LIN, F.)
Correction: Lithia is based in Medford, Oregon, An earlier version was misplaced.
