My Top 10 Things to Watch for Tuesday, January 10, 2023 1. Will the health care rotation continue despite a possible CVS Health (CVS) bid for primary care company Oak Street Health (OSH)? US stock futures declined after Monday’s mixed session, with Beit Tech holding up bids and boosting the Nasdaq at the expense of defensive stocks. But the Dow Jones Industrial Average erased major gains and closed lower. The S&P 500 was basically flat that day. Listen to “The Homestretch,” our new daily audio feature exclusively for Club Members. This is a way for me to help you prepare for the last hour of trading. View our text and email alerts. 2. Microsoft (MSFT) invests $10 billion in ChatGPT maker, OpenAI. Will that make investors worry less about the company’s near-term prospects? We sold some for the club on Monday. Recently, we wrote about the promise of artificial intelligence-powered chatbots that could rival Alphabet’s Google (GOOGL) in search. Microsoft and Alphabet are both club stocks. 3. Coinbase (COIN) cut 950 employees – 20% of its recently reduced workforce. In June, the crypto exchange cut 18% of its then-sizable workforce. Coinbase is to take a $149 million to $163 million charge. Blame the crypto collapse, the recent FTX debacle. 4. Club Holding Danaher (DHR) raised the forecast. Life Sciences & Medical Diagnostics Company used to be a better company, but it has lost its edge – or has it? 5. Morgan Stanley (MS) downgraded Boeing (BA) to equal weight from overweight (hold buy). Near fair price. Leaving behind a catalyst-rich period. 6. Wells Fargo upgraded AT&T (T) to Overweight (Buy from Hold) from Equal Weight; Price target from $17 to $22 per share. Citi has added AT&T to its “Positive Catalyst Watch List”. 7. Chip news: William Blair downgraded ON Semiconductor (ON) to Market Perform from Outperform (Hold to Buy). Auto cycle concern. Marvell Technology (MRVL) price target was cut to $70 per share from Oppenheimer’s $80. Widespread enterprise storage weakness. Very bearish call. Morgan Stanley says Taiwan Semiconductor Manufacturing Company (TSMC) is a “catalyst driven idea”. 8. Citi raised the price target on Alibaba (BABA) to $160 per share from $144. Here we go again. You suck after a big haul and before the Chinese government pulls the rug out from under you. 9. On the seas, Morgan Stanley downgraded Norwegian Cruise Line (NCLH) to equal weight (sell to hold). Analysts upgrade Royal Caribbean (RCL) from Underweight (Hold from Sell) to Equal Weight. In air, a new analyst at Bank of America named Delta Air Lines (DAL) a top pick. 10. Monday’s Disaster Do Jourgs A Buy? Baird sees Lululemon (LULU) as a buying opportunity, an attractive entry point. LULU sank more than 9% after slashing its earnings outlook. (Jim Cramer’s charitable trust is long MSFT, GOOGL, DHR. See here for a complete list of stocks.) As a subscriber to CNBC Investing Club with Jim Cramer, you’ll receive trade alerts before Jim trades. Jim waits 45 minutes to send a trade alert before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he waits 72 hours after the trade alert is issued before executing the trade. The above Investment Club information is subject to our terms and conditions and privacy policy, along with our disclaimer. No fiduciary obligation or duty exists, or is created, by virtue of your receipt of any information provided in connection with Investment Club. No specific results or benefits are guaranteed.
My Top 10 Things to Watch for Tuesday, January 10th, 2023
1. Whether rotation of health care will continue even if possible cvs health (CVS) bid for primary care company Oak Street Health (OSH)? US stock futures edged lower after Monday’s mixed session, with beaten tech holding bids and boosts nasdaq At the expense of defensive stocks. but Dow Jones Industrial Average Wiped out a big profit and closed lower. S&P 500 It was basically flat that day.
pay attention”homestretch,” Our new daily audio feature exclusively for Club members. This is my way of helping you prepare for the last hour of trading. Check out our text and email alerts.
2.Microsoft (MSFT) invested $10 billion in ChatGPT maker, OpenAI. Will that make investors worry less about the company’s near-term prospects? we sold something To the club on Monday. Recently, we wrote about the promise Possibly competing with artificial intelligence-powered chatbots Alphabet(GOOGL) is in Google Search. Microsoft and Alphabet are both club stocks.