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Meanwhile, S & P 500 companies are spending more and more on capital expenditures (CapEx). Certainly, some companies execute wise buybacks, while others are not as ideal. Humana repurchased $529 million worth of common stock in the second quarter, after spending only $4 million in the year-ago period. Of course, companies also must consider their spending on buybacks versus investments back in the business in order to support growth, such as new manufacturing equipment or data centers. But less spending on buybacks is not necessarily something to worry about.
Persons: BofA, Savita Subramanian, Wells, Wells Fargo, Caterpillar Morgan Stanley, Halliburton Emerson, Eli Lilly, Emerson, we've, It's, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: of America, GE Healthcare, Caterpillar, Humana, Halliburton, HAL, Humana . Halliburton, Bank, Microsoft, Linde, LIN, Natural Resources, Honeywell, Halliburton Emerson Electric, Ford, Procter, Gamble, Coterra, Bank of America, Bank of, Jim Cramer's Charitable, CNBC, Getty Locations: U.S, Wells Fargo, Wells
Following the trade, Jim Cramer's Charitable Trust will own 250 shares of SWK, increasing its weighting in the portfolio to 0.82% from 0.33%. The stock market is like any type of store. Lastly, the stock's healthy dividend yield of about 3.4% is attractive payment as we wait for the turnaround to play out. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Stanley Black, Decker, Jim Cramer's, Stanley, we'd, Jim Cramer, Jim Organizations: Stanley, SWK, CNBC, Decker Inc, Tools, Bloomberg, Getty Locations: Sedalia , Missouri, U.S
We're be buying 400 shares of Coterra Energy (CTRA) at roughly $26.79 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 1,550 shares of CTRA, increasing its weighting in the portfolio to 1.48% from 1.1%. The energy trade may be the group hit hardest Tuesday as worries about the China economic recovery, which continues to disappoint, put pressure on oil prices. CTRA YTD mountain Coterra Energy YTD performance Shares of Coterra Energy dropped more than 3.5% on Tuesday morning, one day after reporting second-quarter earnings . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: We're, Jim Cramer's, Moody's, Coterra, we're, Jim Cramer, Jim, Spencer Platt Organizations: Coterra Energy, CTRA, Texas, Natural Resources, CNBC, New York Stock Exchange, Getty Locations: China
Eli Lilly surges Club name Eli Lilly (LLY) skyrocketed more than 16% on hopes for Mounjaro's use to prevent major cardiovascular events. As for strong earnings, which also helped the stock, Eli Lilly had a great quarter and raised full-year guidance. Since Friday's 8% loss on a competitor's misfortunate, PANW shares have been down Monday and now Tuesday as well. 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, Stocks, Eli Lilly, Moody's, Dow, Morgan Stanley, selloff, Mounjaro, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Club, Energy, Novo Nordisk, Palo, Alto Networks, JPMorgan Locations: Stocks, Wells Fargo, Novo, .
Oil and natural gas producer Coterra Energy (CTRA) delivered mixed results after the closing bell Monday, with second-quarter sales missing expectations and profit outpacing estimates. However, natural gas liquid prices missed estimates. While management did raise their outlook for total production along with their production targets for oil and natural gas, they left capital expenditure expectations alone. Given the pressure seen on commodity prices, particularly in natural gas, management was forced to lower their outlook for operating cash flow and free cash flow. Guidance Forward guidance for both the third quarter and full year 2023 was mixed — and unfortunately, the full-year misses were on management's cash flow forecasts.
Persons: We'll, Jim Cramer's, Jim Cramer, Jim, Pavlo Gonchar Organizations: Coterra Energy, Revenue, Refinitiv, Natural Resources, Management, West Texas, CNBC, Energy Inc, Getty
We will only consider more general questions about the investment process or stocks in the portfolio or related industries. A stock's multiple (and we like looking at the forward multiple) is calculated by dividing the current shares price by earnings estimates for the next 12 months. 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, Marc M, Price, It's, Brian The, Donna M, you've, Jim Cramer's, Jim Organizations: Natural Resources, Coterra, Microsoft, CTRA, MSFT, Investment, Club, Charitable, Jim Cramer's Charitable, CNBC Locations: PXD
Economic releases : The Labor Department releases its monthly consumer price index and producer price index on Thursday and Friday, respectively. For that reason, we'd be content if the July figure doesn't indicate a resurgence of rising wholesale costs, which is a concern given a recent uptick in energy prices. On Tuesday before the opening bell, Club holding Eli Lilly (LLY) reports. Finally, Club names Walt Disney (DIS) and Wynn Resorts (WYNN) will report on Wednesday after the closing bell. In preparation for these releases, be sure to check out our first-quarter earnings report card .
Persons: we'll, Knight, Eli Lilly, We'll, donanemab, Walt Disney, We're, Tyson, Henry Schein, Li Auto, Armour, WEN, Ralph Lauren, Price, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Labor Department, Reserve, Manufacturing, ADP, Fitch, AAA, U.S ., PPI, Coterra Energy, Walt, Wynn Resorts, Disney, Tyson Foods, TSN, KKR, Energy, Paramount, UPS, Barrick, Duke Energy, Restaurant Brands, Warner Music, Fox Corp, NRG Energy, AMC, Bros, Endeavor, IAC, Sony, SONY, Brookfield Asset Management, WYNN, Trade, Novo Nordisk, US Foods, News Corp, Air Canada, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Getty Locations: United States, Mounjaro, Hollywood, Las Vegas, Boston, Macao, PENN, Valvoline, VVV, Credicorp, New York City
In a jam-packed week of earnings, the Club executed multiple trades and elevated price targets for some of our biggest stocks. Following AMD's better-than-feared Q2 release late Tuesday, we raised our price target on the stock to $135 per share from $120. Wednesday On this relatively calm day, we reiterated our 1 rating and $110 price target on shares of Emerson Electric (EMR). Against this bullish backdrop, we raised our price target on Amazon to $160 per share, up from $140. Our previous price target was $185.
Persons: Here's, Johnson, Stanley Black, Decker, Jim Cramer, AMD's, Emerson, , it's, Eli Lilly, LLY, Walt Disney, We'll, Jim Cramer's, Jim, Jim Cramer Rob Kim Organizations: Club, Microsoft, GE Healthcare, GE, Honeywell International, Caterpillar, Devices, Honeywell, Turnaround, AMD, Emerson Electric, National, Big Tech, Apple, Coterra Energy, Wynn Resorts, WYNN, Jim Cramer's Charitable, CNBC Locations: MSFT, GEHC, Missouri
A long-awaited rally in crude oil prices has helped the Club's three oil-and-gas companies become some of our top-performing stocks over the past month. Brent crude, the global oil benchmark, and West Texas Intermediate crude, the U.S. oil standard, have both climbed by more than 10% since late June. Energy stocks linked to crude — including Club names Halliburton (HAL), Coterra Energy (CTRA) and Pioneer Natural Resources (PXD) — have risen on oil's fortunes. U.S. producers also have shown restraint, Kumar told CNBC, with domestic crude production hovering around 12.3 million barrels per day all year . Moreover, a year-over-year drop in U.S. rig counts points to "a bit of a decline in oil production" down the road, Kumar said.
Persons: we're, Brent, Cowen, Jason Gabelman, Gabelman, Truist's Neal Dingmann, Dingmann, Mizuho, Nitin Kumar –, , Kumar, Baker Hughes, Goldman Sachs, Halliburton, Ukraine —, Truist's Dingmann, Jim Cramer's, Jim Cramer, Jim, Suzanne Cordeiro Organizations: West Texas, Halliburton, HAL, Coterra Energy, Natural Resources, Bausch Health, CNBC, Bloomberg, of Petroleum, Wall, AFP, Getty Locations: U.S, Saudi Arabia, Russia, OPEC, Ukraine, Texas, New Mexico, Stanton , Texas
Commentary on the results Almost all calls begin with a discussion of the reported results. The reported quarter ended May 31 and the call was hosted on June 30, a full month after the quarter ended. By listening into the call, an investor could see that the reported results did not tell the full story around Wynn's business in China. As with the reported results, any comments on supply chains and customer dynamics could prove relevant to the direction of the stock. It can be quantitative, by which management provides actual targets for sales, earnings, and/or industry metrics.
Persons: , they've, Gamble, Jeff Miller, Mark Zuckerberg, Zuckerberg, takeaways, It's, Jim Cramer's, Jim Cramer, Jim, sasirin Organizations: Procter, TJX, Devices, Club, Constellation Brands, Wynn Resorts, WYNN, Halliburton, HAL, Microsoft, Apple, Linde, LIN, Management, Coterra, Investors, Nvidia, Jim Cramer's Charitable, CNBC, iStock, Getty Locations: Macao, China, overspending
But, as Jim Cramer said Wednesday stocks in other parts of the market have started to come "back from the dead." Here's a look at where we stand on these eight Club stocks, starting with the biggest gainer, Halliburton, and concluding with the eighth-best performer, TJX Companies. HAL 3M mountain Halliburton's stock performance over the past three months. CAT 3M mountain Caterpillar's stock performance over the past three months. TJX 3M mountain TJX Companies' stock performance over the past three months.
Persons: It's, Jim Cramer, Wells, Morgan Stanley, Wells Fargo, Elliott Management, Jim, STZ, Emerson, bode, Morgan Stanley's, Morgan, TJ Maxx, we're, TJX, Jim Cramer's, Jamie Schwaberow Organizations: Halliburton, HAL, Caterpillar, Nvidia, Constellation Brands, Emerson Electric, Coterra Energy, TJX Companies, CAT, Wells, Apple, Corona, Modelo, Constellation, Emerson, Morgan, Goods, CNBC, Workers, Halliburton Co, Anadarko Petroleum Corp, Bloomberg, Getty Locations: Wells Fargo, Wells, Dacono , Colorado, U.S
Jim Cramer breaks down how to play the falling 'Magnificent Seven' stocksHigh growth stocks are down Thursday but health care is getting a boost and that bodes well for Eli Lilly and Johnson & Johnson. Meanwhile, our energy stock Coterra is up after a long-awaited surge in natural gas.
Persons: Jim Cramer, Eli Lilly, Johnson
On the call, management reiterated that growing free cash flow is a top priority, and they expect over 50% of it to be "returned to shareholders this year." Speaking of cash returns, the company repurchased $248 million worth of shares during the quarter while returning another $144 million to shareholders via dividends. The team also guided for full-year free cash flow generation to be above what analysts were looking for — a material positive for the stock in the back half of the year. While maintaining our 2 rating , we're nudging up our price target to $42 per share from $40), reflecting about 18 times 2024 free cash flow per share estimates or about 11.5 times 2024 earnings estimates. With 2022 free cash flow coming in at $1.43 million, this forecast amounts to about $1.93 million at the midpoint, above Wall Street's $1.84 million expectation.
Persons: we're, Jim Cramer's, Jim Cramer, Jim, Luke Sharett Organizations: Halliburton, HAL, North, Management, Haliburton, Coterra Energy, Natural Resources, CNBC, Halliburton Co, Bloomberg, Getty Locations: Argentina, North America, North American, America, Port Fourchon , Louisiana, U.S
New York CNN —As Americans desperately seek to cool off, some stocks are rising with the temperature. Shares of companies whose products help cool homes have gained as record temperatures hit the United States. That comes as Americans stock up on air conditioners, fans and other products to help battle the sweltering heat. Natural gas stocks have also benefited from the surge in temperature as Americans crank up their air conditioners. Cheniere Energy has added 3.2% in the last month, Devon Energy gained 4.6% and Coterra Energy rose 4.6%.
Persons: Louis Navellier Organizations: New, New York CNN, Carrier Global, Whirlpool, Air, Scout, Amazon, Molson Coors, Constellation Brands, Cheniere Energy, Devon Energy, Coterra Energy, Navellier, Associates, Airlines, United Airlines, JetBlue Airways Locations: New York, United States, America
Cramer's Lightning Round: RadNet is "too expensive"
  + stars: | 2023-07-17 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon JPMorgan Chase's year-to-date stock performance. Stock Chart Icon Stock chart icon RadNet's year-to-date stock performance. Stock Chart Icon Stock chart icon Uranium Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Apollo Global's year-to-date stock performance. Apollo Global : "The reason why I don't recommend Apollo, even though it's been a good stock, is I don't know where the hell it makes the money, I don't know what it owns.
Persons: JPMorgan Chase, Morgan, Jamie Dimon, Biogen, Eli Lilly, Apollo, it's, Jim Cramer's Organizations: JPMorgan, GE Healthcare, Uranium Energy, Apollo
There are some new names on both the July leaders and July laggards list since we did this exercise looking at our January to June portfolio performance. META 1M mountain Meta stock performance month-to-date. Meta Platforms (META) remains a top performer in the portfolio to start the second half, rising 7.6% for the first two weeks of July after more than doubling in the first half. To start out the first half of 2023, Nvidia was our top-performing stock in the portfolio with nearly a triple. The analysts warned that FL's high exposure to lower-income consumers could pressure the second half of the year.
Persons: Jim Cramer's, Jim, Meta, Baird, Mary Dillon, Foot, Nikesh Arora, PANW, Eli Lilly, Lilly, Mounjaro that's, Johnson, Jim Cramer, Brendan McDermid Organizations: Jim Cramer's Charitable Trust, Investing, Nasdaq, HAL, Halliburton, Natural Resources, Coterra Energy, Meta, Nvidia, Apple, Alto Networks, Palo Alto Networks, Microsoft, PANW, Palo, Reuters, Nordisk, CNBC, Traders, New York Stock Exchange, & ' $ Locations: North America, FL, PANW, Palo, New York City, U.S
Shortly after the opening bell, we'll be selling 200 shares of Halliburton (HAL), at roughly $37.57 apiece. Following the trade, Jim Cramer's Charitable Trust will own 1,600 shares of HAL, decreasing its weighting in the portfolio to 2.11%, from 2.37%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma.
Persons: Jim Cramer's, Halliburton, froth, Jim Cramer, Jim, Pat Carter Organizations: Halliburton, HAL, Natural Resources, Coterra Energy, Club, MarketEdge, CNBC, Getty Locations: Stillwater , Oklahoma
Here's a rapid-fire update on all 35 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Coterra Energy (CTRA): At roughly 10 times forward earnings, Jim said he'd classify Coterra shares as dirt cheap. Estee Lauder (EL): We're downgrading Estee Lauder to a 2 rating Wednesday, meaning we're no longer recommending investors buy the stock at current levels. But we're sticking with Estee Lauder because eventually we expect China's economy to turn around, and with it EL's stock price. The semiconductor firm, which has seen its stock price nearly triple this year, is reportedly considering taking a long-term stake in chip designer Arm Holdings.
Persons: Jim Cramer's, Jim, he's, We're, Walt Disney, Bob Iger, we're, Estee Lauder, Emerson, Locker, Mary Dillon's, Locker's financials, Eli Lilly, Vimal Kapur, Johnson, Morgan Stanley, Morgan Stanley's, he'd, Palo, Laxman Narasimhan, Bud, Stanley Black, Decker, TJX's, Wells Fargo, We've, Wynn, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Investors, Bausch Health, KKR, Costco Wholesale, Costco, Coterra Energy, ESPN, The, Disney, Emerson, National Instruments, Rockwell Automation, Ford, United Auto Workers, GE Healthcare, Halliburton, HAL, Honeywell International, Honeywell, Johnson, Linde, LIN, Novo Nordisk, Meta, Microsoft, Activision Blizzard, Nvidia, Arm Holdings, Palo Alto Networks, Palo Alto, Natural Resources, Procter & Gamble, Constellation Brands, TJX, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: India, Israel, California, U.S, Corona, Wells, Las Vegas , Boston, Macao
The S & P 500 rose 8.3% in the second quarter to extended its 2023 advance to 15.9%. Here's a closer look at the Club's best and worst performers in the first half of 2023, starting with the four winningest stocks. West Texas Intermediate crude ended the second quarter under $71 per barrel, about $10 below where it started the year. Humana (HUM) dropped 12.7% in the first half of 2023, rounding out the bottom-four Club stocks between January and June. The common denominator among the worst-performing Club stocks is a bit less obvious than with the winners.
Persons: It's, Dow, Here's, Mark Zuckerberg, Palo, Lisa Su, , Eli Lilly, Locker, Foot Locker's, Estee Lauder, Estee, Halliburton haven't, encouragingly, Halliburton, Jim Cramer's, Jim Cramer, Jim, Jen, Hsun Huang, Huang, Andrej Sokolow Organizations: Nasdaq, Dow Jones, Nvidia, FactSet, Meta, Investors, Facebook, Networks, Palo Alto Networks, Alto, AMD, Devices, Palo, would've, The, HAL, Halliburton, West Texas, Coterra, Humana, Disney, DIS, CNBC, Consumer, Audi, Getty Locations: China, Meta, Palo, Palo Alto, Las Vegas, USA
A decision Monday by Saudi Arabia and Russia, the world's largest oil exporters, to cut production in an effort to push up oil prices is a bullish development for the Club's struggling energy holdings. Oil prices edged up Monday, with West Texas Intermediate crude — the U.S. oil benchmark — rising by 0.28%, to just under $71 a barrel. In this uncertain economic environment, the U.S. has repeatedly made clear its desire to keep oil prices lower. But if energy prices were to remain relatively suppressed, we would expect the year-to-date winners to continue their march higher, benefiting from more affordable oil prices. 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's, Jim Cramer, Jim, Simon Dawson Organizations: Organization of, Petroleum, West Texas, HAL, Natural Resources, Coterra Energy, U.S . Federal Reserve, CNBC, Saudi Aramco, Bloomberg, Getty Locations: Saudi Arabia, Russia, OPEC, U.S, Haliburton, China, Manifa
U.S. banks go 23 for 23, passing this year's Fed's stress test, including Club names Wells Fargo (WFC) and Morgan Stanley (MS). KeyBanc downgrades Club name Disney (DIS) to sector weight from overweight (hold from buy) without a price target. Piper upgrades to neutral from underweight (hold from sell), Bank of America increases price target to $76 per share from $68. Piper Sandler initiates coverage on the off-price retailers, starting Club holding TJX Companies (TJX) with a buy-equivalent overweight rating and a $110-per-share price target. Cuts price target to $40 per share from $47.
Persons: Premarket, Wells, Morgan Stanley, KeyBanc, Sanjay Mehrotra, McCormick, Piper Sandler, Piper, Eli Lilly, Warren Buffett's Berkshire, Jim Cramer's, Jim Cramer, Jim Organizations: Dow, Nasdaq, Citi, Disney, Micron, Bank of America, Netflix, TJX Companies, Marshalls, Ross Stores, Burlington Stores, Pfizer, Credit Suisse, Occidental Petroleum, Warren, Warren Buffett's Berkshire Hathaway, Berkshire, Energy, Halliburton, HAL, JPMorgan, Jim Cramer's Charitable, CNBC Locations: Big, Maxx, HomeGoods
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. JPMorgan analysts slightly lowered their price target on Coterra stock to $31 per share from $33 — but that still represents a lot of upside from here. 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, Wall, bode, Stanley Black, Decker, We're, Bernstein, Coterra, Jim Cramer's, Jim Organizations: CNBC, Big Tech, Coterra Energy, Census Bureau, Citi, Coterra Energy JPMorgan, JPMorgan
Bank of America reiterates Roblox as buy Bank of America said Roblox is the "Metaverse" category leader. Bank of America reiterates Disney as buy Bank of America said it's standing by its buy rating on the stock. Bernstein reiterates Tesla as underperform Bernstein said it's not very optimistic that Tesla's entry into EV charging will help the company's margins. Bernstein downgrades Alibaba to market perform from outperform Bernstein said the set-up looks too challenging right now for Alibaba. Bank of America reiterates Analog Devices as buy Bank of America said the stock has "best-in-class free-cash flow generation and returns."
Persons: it's bullish, Roblox, Goldman Sachs, Kellogg, Goldman, Oppenheimer, Bernstein, Tesla, underperform Bernstein, it's, Wolfe, Alibaba, Wells, Evercore, Eli Lilly, Lilly incretin, Alex Kaleida, JPMorgan, Jefferies, Roper Organizations: Citi, Meta, Cannes, Lions, Bank of America, Nike, Disney, EV, Frontier Communications, JPMorgan, Micron, Unity, Software, Industry TAM —, Barclays Locations: NKE, China, Dallas
Walgreens also reported adjusted earnings per share for its fiscal third quarter of $1, missing a Refinitiv forecast of $1.07. Roblox — The gaming platform popped 5.8% after Bank of America reiterated its buy rating, saying the stock is a leader in the Metaverse category. Meta Platforms — The big technology stock added 2% after Citi reiterated its buy rating. Frontier Communications — Shares rose 4.1% on the back of Wolfe Research initiating coverage of the stock at outperform. Saia — The transportation stock rose 6.7% on the back of Evercore ISI upgrade to outperform from in line.
Persons: Steve Burns, Lordstown, Generac, Aaron Jadgfeld, Kellogg — Kellogg, Goldman Sachs, Oppenheimer, Wolfe, Wells, Wells Fargo, Saia, Northcoast, Cars.com, Jesse Pound, Michelle Fox Organizations: Lordstown Motors Corp, Lordstown Motors, Walgreens, Delta Air Lines, Equity Investment, Bloomberg News, Investment, Royal, Bank of America, Citi, Nike, Frontier Communications, Wolfe Research, Energy, JPMorgan, Unity Software, ISI Locations: Lordstown , Ohio, U.S, Brookfield, Royal Caribbean, Texas
Stick with Palo Alto Networks Palo Alto Networks (PANW) is well on its way to becoming the first cybersecurity company to reach a $100 billion market capitalization, Morgan Stanley said Monday. Jeff Marks, the Club's director of portfolio analysis, said Monday that investors should be patient with Palo Alto shares as the stock hit a fresh all-time high Monday, climbing to around $247 apiece. Watch Wells Fargo Wells Fargo (WFC) will be in the spotlight after Wednesday's close when the Federal Reserve releases the results of its annual bank stress tests. Wells Fargo stock was up slightly Monday morning, trading around $40.60 a share. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, , Morgan Stanley, Jeff Marks, Watch Wells, Marks, Jim Cramer's, Jim Organizations: CNBC, Alto Networks Watch Wells, Wall, Natural Resources, Coterra Energy, Halliburton, HAL, , Pfizer, Alto Networks, Palo, Watch, Federal Reserve, Silicon Valley Bank, Deposit Insurance Corporation, Wells Locations: Wells Fargo, Silicon, Wells
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