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Morgan Stanley raises Nvidia price target to $1,000 per share from $795. Goldman Sachs' semiconductor readthroughs from Google's conference: Arm positive, Nvidia mild positive, Advanced Micro Devices mild negative, Intel mild negative. Barclays raises Club name Ford price target to $16 per share from $15. Other price target raises on Club names on Wall Street: Danaher , DuPont and Wynn Resorts . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Dow, Thomas Kurian, Morgan Stanley, Goldman Sachs, Jefferies, Ed Bastian, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Core CPI, Taiwan Semiconductor Manufacturing Company, Nvidia, Google, Club, Broadcom, Gaudi, Barclays, Ford, DuPont, Wynn Resorts, Jim Cramer's Charitable, CNBC Locations: Fitch, China
Having skin in the game will change things," Jim Cramer said. This time it's due to a breathtaking move in chip designer Arm Holdings , which rallied more than 50% after strong earnings. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Josh Frost, Dow, Nelson Peltz, Cramer, Readthroughs, Stanley Black, Decker, Michael Cembalest, it's, What's, Peter Arduini, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Dow, Treasury, Disney, Arm Holdings, Broadcom, Nvidia, Palo Alto Networks, Costco, Club, DuPont, GE Healthcare, Interactive, PepsiCo, Jim Cramer's Charitable Locations: We're, Masco, China
Analyst Oliver Chen also maintained his buy rating for Ulta stock, simultaneously lifting his price target to $580 from $570. Deutsche Bank: Reiterate buy rating and $450 price target, implying 10% upside. Kallo's price target of $300 implies that Tesla stock could rally more than 56% from its Tuesday closing price. Citi analyst Christopher Danely also stood by his buy rating on the stock while lifting his price target to $192 from $136. Analyst Jeffrey Adelson downgraded the company to underweight from equal weight and cut his price target to $6.50 from $7.
Persons: Morgan Stanley, TD Cowen, Ulta, Oliver Chen, ULTA, Chen, — Lisa Kailai Han, Goldman Sachs, Kash Rangan, Baird, Tesla, Ben Kallo, Elon Musk's, Toshiya Hari, Hari, Christopher Danely, Vivek Arya, Danely, Arya, Harlan Sur, Kannan Venkateshwar, Venkateshwar, Eric Sheridan, Sheridan, Justin Post, Ross Sandler, Sandler, Ronald Josey, Josey, Morgan Stanley downgrades, Jeffrey Adelson, Adelson, SOFI, SoFi, Fred Imbert Organizations: CNBC, Google, Microsoft, SoFi Technologies, Deutsche Bank, Citi, Barclays, Tesla, Devices, Wall Street, AMD, Bank of America, Barclays downgrades Verizon Barclays, Verizon, Venkateshwar, Bulls, Morgan Stanley downgrades SoFi Locations: Ulta
Following Wedneday's trade, Jim Cramer's Charitable Trust will own 350 shares of STZ, increasing its weighting in the portfolio to 3% from 2.83%. The market has officially entered oversold territory, according to the S & P 500 Short Range Oscillator . While the market can feel treacherous at times, we've already seen a decent bounce off of session lows, a move we owe to the fact that the market is oversold. The potential for these positive intraday swings is why we generally approach oversold markets with an opportunistic lens, looking for stocks to buy small, instead of running away from the market. HON YTD mountain Honeywell YTD Along the same lines, when Honeywell announced its business segment realignment two weeks ago, the company said it anticipates strong third-quarter results with upside to earnings per share.
Persons: Jim Cramer's, we've, hasn't, Jim Cramer, Jim, Mario Tama Organizations: Constellation Brands, STZ, Constellation, Modelo Especial, Honeywell, Electric, GE, CNBC, Getty Locations: Los Angeles
Consumers looking to save money are scaling back on big-ticket discretionary purchases, while spending at Club name Costco Wholesale (COST) continues to thrive. Excluding impacts from changes in gasoline prices and foreign exchange, total company core-comparable sales were up 5% on an annual basis last month. Costco's "stronger than expected results are a signal it continues to take share in this difficult consumer environment," analysts at UBS wrote in a note. This strategy offers higher value proposition to customers, allowing the company to raise prices while still maintaining customer engagement. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer, BUD, Raymond James, Anheuser, Molson, Elliott, Jim Cramer's, Jim Organizations: Club, Costco Wholesale, Costco, TAG, UBS, Constellation Brands, Modelo Especial, U.S ., Anheuser, Bush Inbev, Molson Coors, TAP, Constellation, Procter & Gamble, Tide, Gillette, Atlantic, Anheuser Bush, Elliott Management, CNBC, Corbis, Getty Locations: U.S, Teterboro , New Jersey
This is the same Nina Gold who’s made a successful career casting some of the defining films and TV shows of this century. “I still don’t really understand what it is that makes acting good,” she says. For “Bad Sisters’” smarmy, abusive antagonist John Paul, Gold cast Claes Bang. For Gold and her team – rising to six people, depending on projects – it’s a lot of logistics and audition tapes. Gold cast Taylor-Johnson in his breakout role as John Lennon in “Nowhere Boy” (2009) at age 18-20, she guesses, but had been auditioning him since about the age of nine.
This drug stock has mystified investors, but that's no reason to sellJim Cramer on Thursday made the case for investors to stick with Johnson & Johnson (JNJ), saying it remains a great company even if its recent stock performance has not been great. He also discussed earnings readthroughs for Wynn Resorts (WYNN) and Danaher (DHR). A transcript will be added shortly.
But based on what Micron had to say, we're not expecting to see shares of Nvidia, AMD and Qualcomm take off yet. Micron's PC forecast is in line with those from Intel (INTC) and other third-party estimates, Wells Fargo said in a note to clients. Data center/cloud In general, data center chips have been relatively resilient compared with the weakness in consumer-focused areas like PCs and mobile phones. But as concerns mount about a potential recession, there's been concerns that data center could be the next shoe to drop. As mentioned, our investment thesis in Nvidia and AMD rests largely on the long-term growth of their data center businesses.
Inflation Health of the consumer The strong dollar Commodity volatility Inflation Inflation remains top of mind for investors, as rising prices continue to weigh on demand for many goods and services. On the other hand, Bank of America analysts highlighted P & G's scale, innovation, and portfolio strength as "key advantages." In an encouraging research note from UBS last week, analysts said iPhone demand is holding up. By reviewing iPhone delivery wait time data, UBS analysts gauged consumer demand for the latest iPhone series. Meta has already forecasted third quarter total revenue in the range of $26 billion to $28.5 billion, reflecting weak advertising demand.
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