What I’m looking at for July 25, 2022 is still Snap ( SNAP ), this time down Wolfe Research and Morgan Stanley. How could they be so wrong? Club Holdings Alphabet’s ( GOOGL ) Winner Takes All, Loser None Against Major Meta Platforms ( META ) Google and Facebook? After plunging 39% on Friday, SNAP was down 2% in premarket trading. Barclays semiconductor stock price target reset: Nvidia (NVDA) owner club to $200 a share from $295; Skyworks Solutions (SWKS) from $125 to $122; Marvell Technology (MRVL) club from $80 to $60. Qorvo (QRVO) from $135 to $120. This is what is needed for progress. Barclays goes from buy to hold (equal weight to overweight) on Lam Research (LRCX), saying it’s too early to buy a dip. Significant says a reset is needed, lowering the price target to $450 per share from $625. I don’t know if you really want to do this before the possible success of the CHIPS act on Capitol Hill. Barclays lowered its PT on KLA Corporation (KLAC) to $325 from $365. Piper Sandler Blackstone (BX) raises its price target to $120 per share from $150. Really this hatred. Oppenheimer cuts Visa ( V ) and PayPal ( PYPL ) price targets to more reasonable levels. Barclays cut its price target on Capital One ( COF ) to $170 per share from $207, citing higher costs and lower earnings. This is quite different from the excellent American Express ( AXP ) quarter. Barclays and Stephens raise PTs on Amex. PPG Industries ( PPG ) is the highlight of the quarter. Can you buy a cycle that has turned into a recession? I think you should be more like Club holding Danaher (DHR); Mizuho and Wells Fargo raise their price targets on PPG. But Europe’s income is 35%. Susquehanna moves to hold from buy (neutral to positive) on United Airlines (UAL). It was a surprisingly bad quarter, all things considered. Europe’s Ryanair ( RYAAY ) travels 115% of 2019 traffic; Italy, Austria, Poland, Portugal and Ireland; Boeing ( BA ) says plane delays inexplicable, 50 needed. Global Payments (GPN) lowered its price target on Oppenheimer to $152 from $176. Boy, do people hate Fintech. Oppenheimer also lowers Block (SQ) PT to $112 from $150. China Evergrande Group restructuring this week: 22 billion dollars in foreign debt; China is launching a $44 billion fund to bail out property developers, many of whom are heavily indebted. Twitter (TWTR): Elon Musk’s bid is gaining momentum after Friday’s quarterly miss on earnings, revenue and user growth. Baird says Twitter is a very difficult company. Deutsche Bank says the catalyst for Musk’s Tesla ( TSLA ) short-term buy call is over. Barclays raised its price target on Schlumberger ( SLB ) to $61 per share from $59. Pretty flawless quarterly results. Intel (INTC) moves MediaTek: Taiwan-based company signs Intel Foundry Services. Wells Fargo worried about ServiceNow (NOW), cuts price from $600 to $550 a share. But didn’t CEO Bill McDermott de-risk when he was on “Mad Money” on July 11? HCA Healthcare ( HCA ) price targets were raised from $230 to $250 a share at Credit Suisse and from $192 to $230 at Bank of America. Clorox ( CLX ) raised its price target to $135 a share from $132 at Deutsche Bank, but maintains a hold rating on the stock. Deutsche Bank raised its price target on Molson Coors ( TAP ) to $54 per share from $51. Deutsche Bank says the Club holds Apple (AAPL) better than its peers. (Jim Cramer’s Charitable Trust is long GOOGL, META, DHR, NVDA, MRVL and AAPL. See here for a full list of stocks.) As a subscriber to the CNBC Investment Club with Jim Cramer, you’ll receive trade alerts before Jim. is trading. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE INVESTMENT CLUB INFORMATION ABOVE IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY. NO FIDUCIARY OWNERSHIP OR DUTIES ARE OR CREATE BY YOUR ACCEPTANCE OF INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO RESULTS OR PROFITS ARE GUARANTEED.
Snap Inc. CEO Evan Spiegel attends a morning session at the Allen & Company Sun Valley Conference on July 07, 2021 in Sun Valley, Idaho.
Kevin Dietsch | Getty Images
What I watched on July 25, 2022
Still downloading to beat (SNAP), this time Wolfe Research and Morgan Stanley. How could they be so wrong? Winner takes all, losers take none, against the owners of the Club Alphabet(GOOGL) parent of Google and Facebook Meta platforms (GOAL)? After plunging 39% on Friday, SNAP was down 2% in premarket trading.
Barclays semiconductor stock price target reset: Club holdings Nvidia (NVDA) from $295 to $200; Skyworks Solutions (SWKS) from $125 to $122; Holding club Marvell Technology (MRVL) from $80 to $60. Gorvo (QRVO) from $135 to $120. This is what is needed for progress.
- Barclays is going from buy to hold (overweight to equal weight). Lam Research (LRCX), says it’s too soon to buy a dip. Significant says a reset is needed, lowering the price target to $450 per share from $625. I don’t know if you really want to do this before the possible success of the CHIPS act on Capitol Hill? Barclays downgrades PT KLA Corporation (KLAC) from $365 to $325.
