What I’m looking forward to on July 25, 2022 I’m still downgrading Snap (SNAP), this time Wolfe Research and Morgan Stanley. How could they be wrong? Does Winner Take All, Loser Take Nothing, vs. Alphabet’s (GOOGL) Google and Facebook Meta Platforms (META)? SNAP is down 2% in the primary market after falling 39% on Friday. Reset Barclays Semiconductor: Club Nvidia Contract (NVDA) stock price target to $200 per share from $295; Skyworks Solutions (SWKS) to $122 from $125; Club Marvell Technology (MRVL) contract $60 from $80. Qorvo (QRVO) to $120 from $135. This is what is required for progress. Barclays goes to buy (equal weight from overweight) at Lam Research (LRCX), and says it’s too early to buy the dip. Kabir says a reset is required, and lowers the target price to $450 per share from $625. I don’t know, do you really want to do this before a potential CHIPS act succeeds on Capitol Hill? Barclays lowers PT on KLA Corporation (KLAC) to $325 from $365. Piper Sandler takes Blackstone (BX) price target to $120 per share from $150. Really put hate on this one. Oppenheimer is taking Visa (V) and PayPal (PYPL) price targets to more reasonable levels. Barclays lowered its target price in Capital One (COF) to $170 per share from $207, with higher expenses and lower revenue. In complete contrast to the premium American Express (AXP) quarter. Barclays and Stephens raise PTs on the Amex. Outstanding Quarter of PPG Industries (PPG), taking into account. Can you buy a course in deflation? I think you should be like the Danaher Club (DHR); Mizuho and Wells Fargo raised price targets on PPG. But Europe returns 35%. Susquehanna goes to hold the buy (neutral from positive) on United Airlines (UAL). This was a surprisingly bad quarter all things considered. European Ryanair (RYAAY) travels with 115% of traffic in 2019; Italy, Austria, Poland, Portugal, and Ireland; He says inexplicable aircraft delays from Boeing (BA), he needs 50. Cut Oppenheimer’s global payments (GPN) target price to $152 a share from $176. Do people hate fintech, boy? Oppenheimer also lowers Block (SQ) PT to $112 from $150. China Evergrande Group restructuring this week: $22 billion foreign debt; China has launched a $44 billion fund to rescue real estate developers, many of whom are heavily indebted. Twitter (TWTR): This Elon Musk presentation is growing in importance by the day with Friday’s quarterly fiasco in earnings, revenue, and user growth. Bird says Twitter is a very tough company. Deutsche Bank says the catalyst is gone in the short-term purchase of Musk’s Tesla (TSLA). Barclays raised its Schlumberger price target (SLB) to $61 per share from $59. Impeccable quarterly results. Intel (INTC) makes a move for MediaTek: A Taiwan-based company that has signed on to Intel Foundry Services. Wells Fargo is concerned about ServiceNow (NOW), and cuts its target price to $550 per share from $600. But didn’t CEO Bill McDermott ditch the stakes when he was on “Mad Money” on July 11? HCA Healthcare (HCA) price targets in Credit Suisse were raised to $250 per share from $230 and in Bank of America to $230 from $192. Clorox’s (CLX) price target has been raised to $135 a share from $132 at Deutsche Bank, but it maintains its hold rating on the stock. Deutsche Bank raises its target price on Molson Coors (TAP) to $54 per share from $51. Deutsche Bank says the club holds AAPL better than its peers. (Jim Cramer’s Charitable Trust Long GOOGL, META, DHR, NVDA, MRVL, AAPL. See here for a full list of stocks.) As a subscriber to the CNBC Investment Club with Jim Cramer, you’ll receive a trade alert before Jim makes the trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable fund 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 will be created, or be created, by virtue of your receipt of any information provided in connection with the Investment Club. There are no specific results or guaranteed profit.
CEO of Snap Inc. Evan Spiegel walks to attend a morning session at the Allen & Company Sun Valley Conference on July 7, 2021 in Sun Valley, Idaho.
Kevin Deitch | Getty Images
What I’m looking forward to on July 25, 2022
Snap’s (SNAP) rating is still being downgraded, this time by Wolfe Research and Morgan Stanley. How could they be wrong? Does Winner Take All, Loser Take Nothing, vs. Alphabet’s (GOOGL) Google and Facebook Meta Platforms (META)? SNAP is down 2% in the primary market after falling 39% on Friday.
Reset Barclays Semiconductor: Club Nvidia Contract (NVDA) stock price target to $200 per share from $295; Skyworks Solutions (SWKS) to $122 from $125; Club Marvell Technology (MRVL) contract $60 from $80. Qorvo (QRVO) to $120 from $135. This is what is required for progress.
- Barclays goes to buy (equal weight from overweight) at Lam Research (LRCX), and says it’s too early to buy the dip. Kabir says a reset is required, and lowers the target price to $450 per share from $625. I don’t know, do you really want to do this before a potential CHIPS act succeeds on Capitol Hill? Barclays lowers PT on KLA Corporation (KLAC) to $325 from $365.
