What Jim Cramer Is Watching Monday – Our Investment Mantra For 2022

Jim cramer

Scott Mlyn | CNBC

(This article was first sent to CNBC Investing Club members with Jim Cramer. To get real-time updates delivered to your inbox, subscribe here.)

What I’m watching on January 3, 2022:

  • Club mantra: does it do things and does it do things for a profit? …
  • Wells Fargo (WFC) upgraded by Barclays … Charitable Trust name and cheapest bank stock (yes, cheaper than Citigroup because we still don’t know what’s wrong there) … the goal of price drops from $ 50 to $ 62, cites improved regulatory controls and costs … Is this the year of Charlie Scharf … Barclays wants rate sensitivity so lowered US Bancorp (USB)…Corn Citigroup (C) The PT went from $ 86 to $ 73 …Morgan Stanley (United States) PT $ 110 to $ 123 at Barclays — The Year of the Bank? Maybe … valuations are very low … we own this for confidence, was a good win … JPMorgan (JPM) PT $ 193 to $ 202, citing loan growth to accelerate and increasing margins relative to net interest … Goldman Sachs (GS) $ 483 to $ 556; KeyCorp (KEY) $ 24 to $ 26; PNC Financial (PNC) waiting upgrade to buy, $ 220 to $ 250 PT …
  • Tesla (TSLA) Q4 deliveries 308,000 vs. 267,000 estimate … full year deliveries exceed 936,000 … price target increased from $ 250 to $ 295 at JPMorgan … What did you expect? Can it go up to $ 1,100? JPM’s fourth profit estimate is now $ 2.22 vs. $ 1.54 … Bernstein’s Toni Sacconaghi remains skeptical, cites $ 1 million valuation per car … but strong profitability …
  • Citi takes Pioneer Natural (PXD) PT $ 216 to $ 218 on the eve of the Opec + production increase … the year of the discipline continues?
  • McDonald’s (MCD) … hold to buy from Piper … PT from $ 232 to $ 282, gradually confident but Restaurant brands (QSR) downgraded purchase to hold $ 70 to $ 60 …
  • Apple (AAPL)… Wedbush says iPhone demand looks strong for 2022 – China’s main source of strength … let’s not forget the phone companies here that donate phones … demand exceeds supply?
  • Regeneration (REGN) upgraded from holding to buy at Bernstein … How can this stock sell for just 9 times earnings, a market cap of $ 68 billion?
  • Big update … PayPal (PYPL) buy pending at BMO (charitable trust name and serious underperformer) … analyst cites how the stock went from 51x P / E to 28x … but sees 21% annual organic growth … but analyst says it should be 34x based on valuations of payment stocks … PT target $ 224 …
  • Guggenheim says Nike (NKE) is the best idea … Yada yada usual – digital rap … technology … dominant …
  • BTIG’s best choices are Starbucks (SBUX) and Roblox (RBLX).. says that SBUX’s previous sales expectations will be exceeded; accelerate the unit’s growth … Roblox — new uses for gaming, social, advertising, commerce …
  • goldman names AMD (AMD), Marvell (MRVL) best semi ideas … but also recommend dumbbells from Analog devices (ADI), Micron (UM), ON Semiconductor (ON), Qorvo (QRVO)—More cyclical … SOX index up 41% (the latter group has a reasonable low multiple) …
  • Loop is wary of specialized hardlines, but likes Best Buy (BBY) and HR (HR) (the multiples have really gone down here) …
  • Wendy’s (WEN)—Stephen’s first choice … says inflation protection because of the franchise model, a lot of upside potential ….
  • Amazon (AMZN)time to buy? … Guggenheim says e-comm and retail are getting better; some positive and persistent consumer trends – great charity trust name – significant increase in buying activity – also a good demo …
  • MKM likes Delta (DAL)… said leverage to intl travel, end of the pandemic in 2022 and rising prices … We do not have any because of the lack of business travel …
  • Goldman says to go with Microsoft (MSFT) and Salesforce (CRM) like the top choices when it comes to software … both names of charitable trusts …
  • Rocket (RKT)… upgraded to withstand Wedbush’s underperformance, cite a few fast growing initiatives … Rocket auto and installment loan … been a big disappointment …
  • Broadcom (AVGO)… Piper goes from $ 680 to $ 750 on behalf of a charitable trust …
  • Mizuho says buy Chevron (CVX) and EOG Resources (EOG)… strong and continuing demand in 2022 … I agree – I bought CVX because of it for the sake of confidence
  • Constellation Brands (STZ)PT $ 275 to $ 283 at JPMorgan; January 6 results: material increase on beer demand …
  • Susquehanna loves rails—Union Pacific (UNP) (club name), South Norfolk (NSC), CSX (CSX)—Cyclical optimism seeking strong volume growth …
  • Bath in Bed and Beyond (BBBY)… Wedbush lowers PT from $ 18 to $ 14 … reports Jan 6 … expectations are very low …

The CNBC Investing Club is now the official headquarters of my charity. This is the place where you can see every move we make for the portfolio and get my market snapshot before anyone else. The Charitable Trust and my writings are no longer affiliated with Action Alerts Plus in any way.

As a CNBC Investing Club Subscriber with Jim Cramer, you will receive a Trade Alert before Jim completes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling any stock in his charitable trust portfolio. If Jim has mentioned a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. See here for investment disclaimer.

(Jim Cramer’s Charitable Trust is long WFC, MS, PYPL, MSFT, CRM, AVGO, AMZN, CVX, UNP, AAPL.)


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